Citable filing context

WDC filing events and research context

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WDC's research view summarizes recent SEC filing context, starting with management_change from May 28, 2026.

WDC filing events and research context
FiledItemContext
May 28, 2026management_changeWestern Digital Corporation appointed Manuvir Das to its Board of Directors, effective May 26, 2026.
Apr 30, 2026earningsReported Q3 2026 financial results with $3.34 billion revenue, $2.72 non-GAAP EPS, and increased quarterly dividend to $0.15.
Feb 24, 2026debt_offeringCompany redeemed its 2.850% Senior Notes due 2029 and 3.100% Senior Notes due 2032 in full.
Apr 30, 2026Guidance: interest_and_other_expense_net10.00 to 10.00
Apr 30, 2026Guidance: non_gaap_diluted_eps3.10 to 3.40
Apr 30, 2026Guidance: non_gaap_diluted_weighted_average_shares385.00 to 385.00
May 1, 2026mda_quarterlyWestern Digital repurchased 2.9 million shares of common stock during the quarter ended April 3, 2026, at an average price of $260.51 per share. This was part of a publicly announced program, which saw its authorization expanded by an additional $4.00 billion on February 2, 2026, leaving $3,932 million available for future repurchases. These are expected to be funded primarily by operating cash flows and are subject to market conditions. Concurrently, CEO Irving Tan, Director Martin I. Cole, and Chief Legal Officer Cynthia Tregillis adopted Rule 10b5-1 trading plans, planning to sell up to 80,000, 12,000, and 27,765 shares, respectively, over various future periods. A February 5, 2026 amendment to the Amended and Restated Loan Agreement removed the "Unsecured" designation from the 2029 and 2032 Senior Notes and explicitly permitted new unsecured indebtedness to redeem the 2026, 2029, and 2032 Senior Notes, impacting the company's debt structure and refinancing flexibility.
Jan 30, 2026mda_quarterlyDuring the quarter ended January 2, 2026, Western Digital actively managed its capital structure through share repurchases, acquiring 3.8 million shares of common stock at an average price of $162.01 per share. These repurchases were part of a $2.0 billion program authorized by the Board of Directors on May 9, 2025, with $684 million remaining for future repurchases as of quarter-end. The company anticipates funding these repurchases primarily through operating cash flows, maintaining discretion over the timing and volume based on market conditions and other corporate considerations. This ongoing program signals management's view on valuation and commitment to shareholder returns. Concurrently, two key individuals established Rule 10b5-1 trading plans. Brian Scott Davis, Executive Vice President and Chief Sales and Marketing Officer, adopted a plan on November 3, 2025, to sell up to 30,000 shares by August 14, 2026. Director Matthew E. Massengill also initiated a plan on November 6, 2025, to sell up to 36,926 shares, expiring May 15, 2026. These pre-arranged plans allow insiders to sell shares systematically.

Source: SEC EDGAR filing text and events; period May 28, 2026; filed May 28, 2026.

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