WESTERN DIGITAL CORPORATION
At today's price, WESTERN DIGITAL CORPORATION (WDC) is priced for today's economics sustained for ~12.1 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• The single number that defines Western Digital right now is utilization: its nearline hard-drive capacity for 2026 is essentially sold out to data center customers, which tripled fiscal second-quarter GAAP profit to $1.84 billion on $3.02 billion of revenue [Source: fiscal Q2 2026 earnings release]. • The biggest risk is that this is a famously cyclical, commodity-priced industry, and the price now embeds a duration of strong returns far longer than the disk-drive market has historically susta
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1,367 institutional managers reported holding WDC in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 46%. 322 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 26.4M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WDC has cut its share count 16.6% over the past five years, spending $2.07B on repurchases. It pays a dividend, and has for 1 year running; the current rate is $0.10 a share annually. Cash returned over the past three years: $164.00M in dividends and $2.07B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at WDC over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WDC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-11 | +0.5% | +20.9% |
| 2023-08-23 | +2.0% | +2.7% |
| 2023-11-08 | +2.0% | +16.8% |
| 2024-02-13 | +0.3% | +28.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WDC's latest 8-K filings: 2026-06-11 (items 8.01); 2026-06-03 (items 3.02, 8.01); 2026-05-28 (items 5.02, 7.01, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-02-24 (items 5.03, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.