WDC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-10-23

• We are a leading developer, manufacturer, and provider of data storage devices and solutions based on HDD technology. HDDs are critical components of the global data infrastructure market and play an essential role in enabling the AI-driven data economy. They provide reliable, cost-effective, high-c…

• Our broad portfolio of technology and products, sold under the Western Digital® and WD® brands, addresses our customers’ storage needs through multiple end markets: “Cloud,” “Client” and “Consumer”. Cloud is our largest and fastest growing end market comprised primarily of products for public or pri…

• Our fiscal year ends on the Friday nearest to June 30 and typically consists of 52 weeks. Approximately every five to six years, we report a 53-week fiscal year to align the fiscal year with the foregoing policy. Fiscal year 2027, which will end on July 2, 2027, will be comprised of 52 weeks, with a…

• The increasing long-term demand for data storage in the cloud is benefiting our HDD business. The adoption of AI is contributing to additional data storage requirements as the development and use of AI applications increase the volume of data that is generated, collected and retained, including data…

• Recent changes to U.S. trade policy, including with regard to tariffs, and related measures by trading partners, have not materially impacted our business and results of operations through the first quarter of 2027, but we are actively monitoring developments and assessing options to mitigate potent…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• Unless otherwise indicated, references herein to specific years and quarters are to our fiscal years and fiscal quarters. As used herein, the terms “we,” “us,” “our,” and the “Company” refer to Western Digital Corporation and its subsidiaries.

• We are a leading developer, manufacturer, and provider of data storage devices and solutions based on HDD technology. We leverage our capability in the HDD industry primarily for the cloud and hyperscale data center markets. HDDs are critical components in the worldwide data infrastructure market, p…

• Our broad portfolio of technology and products addresses our customers’ storage needs through multiple end markets: Cloud, Client and Consumer. Cloud is comprised primarily of products for public or private cloud environments and enterprise customers. Through the Client end market, we provide our OE…

• Our fiscal year ends on the Friday nearest to June 30 and typically consists of 52 weeks. Approximately every five to six years, we report a 53-week fiscal year to align the fiscal year with the foregoing policy. Fiscal year 2026, which will end on July 3, 2026, will be comprised of 53 weeks, with t…

• Separation of Business Units and Monetization of Sandisk Shares

Text added vs the prior filing · source: 10-Q · 2026-10-23

• We have historically held a balance of fixed and variable rate debt. As of October 2, 2026, our variable rate debt outstanding consisted of borrowings under our Revolving Credit Facility, which are based on index rates as discussed further in Note 5, Debt, of the Notes to Condensed Consolidated Fina…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• While we have historically held a balance of fixed and variable rate debt, as of April 3, 2026, our only outstanding debt was $1.60 billion principal amount of our fixed-rate 3.00% convertible notes due 2028.

Text added vs the prior filing · source: 10-Q · 2026-10-23

• •On August 7, 2026, Brian Scott Davis, Executive Vice President and Chief Sales and Marketing Officer of the Company, terminated his previously reported Rule 10b5-1 Plans adopted on November 3, 2025 and June 5, 2026. The November 3, 2025 plan was scheduled to expire on August 14, 2026, and the June …

• •On August 14, 2026, Irving Tan, Chief Executive Officer of the Company, modified his previously reported Rule 10b5-1 Plan adopted on February 5, 2026. Mr. Tan’s plan was modified to amend the equity awards subject to the plan, with no change to the expiration date of the plan (May 31, 2027) or the …

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• •Martin I. Cole, a director of the Company, adopted a Rule 10b5-1 Plan on March 5, 2026. Under this plan, up to an aggregate of 12,000 shares of the Company’s common stock may be sold before the plan expires on October 31, 2026.

• •Irving Tan, Chief Executive Officer of the Company, adopted a Rule 10b5-1 Plan on February 5, 2026. Under this plan, up to an aggregate of 80,000 shares of the Company’s common stock may be sold before the plan expires on May 31, 2027.