Western Digital Corporation (WDC) Bundle
A Brief History of Western Digital Corporation (WDC)
Company Overview
Western Digital Corporation (WDC) is a technology company headquartered in San Jose, California, specializing in data storage solutions.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $12.74 billion |
| Net Income | $1.05 billion |
| Market Capitalization | $14.3 billion |
Product Portfolio
- Hard Disk Drives (HDD)
- Solid State Drives (SSD)
- Portable Storage Devices
- Data Center Storage Solutions
Manufacturing Facilities
| Location | Type of Facility |
|---|---|
| Malaysia | HDD Manufacturing |
| Thailand | HDD Manufacturing |
| China | Component Production |
Recent Strategic Developments
2023 Acquisition: Western Digital completed a significant restructuring of its flash memory business partnership with Kioxia.
Global Market Position
| Market Segment | Global Market Share |
|---|---|
| Hard Disk Drives | 38.5% |
| Enterprise Storage | 22.7% |
A Who Owns Western Digital Corporation (WDC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 45,666,806 | 10.52% |
| BlackRock Inc. | 38,919,398 | 8.97% |
| SSgA Funds Management, Inc. | 26,708,604 | 6.15% |
Top Institutional Owners
- Vanguard Total Stock Market Index Fund
- Vanguard 500 Index Fund
- BlackRock Institutional Trust Company N.A.
- Dimensional Fund Advisors LP
Insider Ownership
Western Digital Corporation insider ownership as of Q4 2023 stands at 0.4% of total shares.
Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 89.6% |
| Individual Investors | 10.4% |
Public Float
Public float of Western Digital Corporation: 433.75 million shares.
Western Digital Corporation (WDC) Mission Statement
Company Overview
Western Digital Corporation (WDC) is a technology company headquartered in San Jose, California, specializing in data storage solutions.
| Fiscal Year 2023 Financial Metrics | Amount |
|---|---|
| Total Revenue | $12.7 billion |
| Net Income | $385 million |
| Market Capitalization | $14.2 billion |
Mission Statement Components
Western Digital's mission focuses on enabling data infrastructure and digital transformation across multiple sectors.
- Develop innovative data storage technologies
- Support global digital infrastructure
- Provide scalable data solutions for enterprises and consumers
Product Portfolio
| Product Category | Market Share |
|---|---|
| Hard Disk Drives | 45.2% |
| Solid State Drives | 22.7% |
| Removable Storage | 18.5% |
Strategic Focus Areas
Western Digital prioritizes technological innovation and global market expansion.
- Cloud storage solutions
- Enterprise data centers
- Consumer electronics storage
- AI and machine learning infrastructure
How Western Digital Corporation (WDC) Works
Company Overview
Western Digital Corporation (WDC) is a technology company headquartered in San Jose, California. As of Q4 2023, the company reported annual revenue of $12.97 billion.
Business Segments
Western Digital operates through three primary business segments:
- Client Devices
- Data Center Systems
- Client Solutions
Product Portfolio
| Product Category | Key Products | Market Share |
|---|---|---|
| Hard Disk Drives (HDD) | WD Blue, WD Black, WD Red | 45.4% global market share |
| Solid State Drives (SSD) | WD Blue SSD, WD Black SN850 | 15.2% global market share |
| Portable Storage | My Passport, WD Elements | 32.7% market share |
Financial Performance
Financial highlights for fiscal year 2023:
- Total Revenue: $12.97 billion
- Net Income: $243 million
- Gross Margin: 29.4%
- Research and Development Expenses: $1.8 billion
Manufacturing Capabilities
Western Digital operates manufacturing facilities in:
- United States
- Malaysia
- Thailand
- China
Global Workforce
As of 2024, Western Digital employs approximately 58,000 people worldwide.
Technology and Innovation
R&D investment in 2023: $1.8 billion, representing 13.9% of total revenue.
Market Position
| Storage Market Segment | Global Market Position |
|---|---|
| Hard Disk Drives | 1st Place |
| Enterprise SSDs | 3rd Place |
| Consumer Storage | 2nd Place |
How Western Digital Corporation (WDC) Makes Money
Revenue Streams
Western Digital Corporation generates revenue through the following primary segments:
| Segment | Revenue (Q4 2023) | Percentage |
|---|---|---|
| Client Devices | $1.65 billion | 34% |
| Data Center Devices | $1.52 billion | 31% |
| Client Solutions | $1.69 billion | 35% |
Product Portfolio
Western Digital generates revenue through the following product categories:
- Hard Disk Drives (HDDs)
- Solid State Drives (SSDs)
- Portable Storage Devices
- Enterprise Storage Solutions
- Data Center Storage Systems
Financial Performance
Western Digital's financial metrics for fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $16.7 billion |
| Gross Margin | 23.4% |
| Operating Income | $582 million |
Market Segments
Western Digital serves multiple market segments:
- Consumer Electronics
- Enterprise Data Centers
- Cloud Storage Providers
- Personal Computing
- Gaming Industry
Geographic Revenue Distribution
| Region | Revenue Contribution |
|---|---|
| United States | 42% |
| Asia Pacific | 35% |
| Europe | 18% |
| Other Regions | 5% |
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