WDC
WESTERN DIGITAL CORPEvidence as of 2026-10-03The desk's Snapshot
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Overview · WESTERN DIGITAL CORP
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set t…
Management team
- Mr. B. Scott Davis · Chief Sales and Marketing OfficerFind on LinkedIn
- Mr. Sesh Tirumala · Chief Information OfficerFind on LinkedIn
- Mr. Tiang Yew Tan · CEO & DirectorFind on LinkedIn
- Ms. Katie L. Watson · Chief Human Resources OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
+0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The desk finds a mixed evidence balance (+0.2 of a possible +2; was +0.3 before debate) with high confidence. Revenue rose quarter‑to‑quarter across Q1 2026 (fiscal quarter ended 2025-10-23) of $ 2,818,000,000, Q2 2026 (fiscal quarter ended 2026-01-22) of $ 3,017,000,000, and Q3 2026 (fiscal quarter ended 2026-04-23) of $ 3,337,000,000, while gross profit expanded each quarter from $ 1,227,000,000 to $ 1,380,000,000 to $ 1,676,000,000. Operating income and net income likewise increased quarter‑to‑quarter (operating income: $ 792,000,000 → $ 908,000,000 → $ 1,190,000,000; net income: $ 1,182,000,000 → $ 1,842,000,000 → $ 3,205,000,000), producing diluted EPS of $ 3.07, $ 4.73, and $ 8.20 respectively.
Balance‑sheet and capital‑allocation items are consistent with those operating gains: long‑term debt declined from $ 4,683,000,000 as of 2025-10-03 to $ 1,052,000,000 as of 2026-07-03, the company repurchased $ 553,000,000 of stock in Q1 2026 and repurchased 14.7 million shares for $ 2.59 billion in FY 2026, and cash and cash equivalents were reported at $ 2,048,000,000 as of 2025-10-03 and $ 1,579,000,000 as of 2026-07-03. Market signals are mixed to volatile: price was $ 415.29 as of 2026-10-02, beta to SPY is 2.89, 90‑day annualized volatility is 90.1%, and trailing twelve‑month free cash flow is negative $ 527,000,000.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue rose quarter-to-quarter across fiscal Q1 2026 (2025-06-28 to 2025-10-03) of $2,818,000,000, fiscal Q2 2026 (2025-10-04 to 2026-01-02) of $3,017,000,000, and fiscal Q3 2026 (2026-01-03 to 2026-04-03) of $3,337,000,000.
XBRL companyfacts · 0001628280-25-047613Gross profit expanded each quarter: $1,227,000,000 in fiscal Q1 2026 (2025-06-28 to 2025-10-03), $1,380,000,000 in fiscal Q2 2026 (2025-10-04 to 2026-01-02), and $1,676,000,000 in fiscal Q3 2026 (2026-01-03 to 2026-04-03).
XBRL companyfacts · 0001628280-25-047613Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the Form 10-K filed 2026-08-14, the company reported net revenue of $12,919 million and gross profit of $6,311 million (48.9% of revenue) for the fiscal year 2026, which ended on July 3, 2026.
Management's discussion · filed 2026-08-14In the Form 10-K filed 2026-08-14, the company disclosed it completed the Separation on February 21, 2025 and monetized its retained Sandisk shares through a series of exchanges that by July 3, 2026 resulted in the company no longer holding Sandisk common stock.
Management's discussion · filed 2026-08-14Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Beta to SPY is 2.89 as of 2026-10-02, indicating high historical sensitivity to broad-market moves during the sample period.
Moneyta signal set · 2026-10-02Short-term momentum over the past 3 months is -28.1%, while 6-month momentum is +40.8% and the 12_1 momentum measure is +449.5% as of 2026-10-02, showing mixed to very strong multi‑horizon momentum readings.
Moneyta signal set · 2026-10-02weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of the 13F reporting period ended 2026-06-30, reported institutional holdings totalled "$232.38B" across 1,864 holders, with quarter-over-quarter reported value change of 138.9% and 435 net new holders versus the prior quarter.
13F holdings · 1864 filers · as of 2026-06-30Large institutional holders listed in the 2026-06-30 13F data include BlackRock, Inc. at "$21.05B", FMR LLC at "$16.60B", VANGUARD CAPITAL MANAGEMENT LLC at "$14.38B", JPMORGAN CHASE & CO at "$11.09B", and Capital World Investors at "$10.60B".
13F holdings · 1864 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Headlines report Western Digital shares fell about 10% on 2 October 2026, with articles citing a session close at $415.29 and a -10.22% move from the prior day's close.
News · finance.yahoo.com · 2026-10-02Multiple outlets published pieces on 2 October 2026 linking Western Digital's decline to a broader storage-sector selloff and comments that AI demand expectations may already be priced in.
News · seekingalpha.com · 2026-10-02Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Kris Sennesael (Chief Financial Officer) reported a sale of 4,317 shares for "$2.0M" on 2026-08-26 (Form 4 filing).
Form 4 · Sennesael Kris (Chief Financial Officer) · $0 code M · 2026-08-26Ahmed Mohammed Shihab (Chief Product Officer) reported a sale of 2,741 shares for "$1.3M" on 2026-08-26 (Form 4 filing).
Form 4 · Shihab Ahmed Mohammed (Chief Product Officer) · $0 code M · 2026-08-26Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The market price used in this evidence is $415.29 as of 2026-10-02.
Valuation inputs · SEC XBRL + stored EOD closeMarket capitalization is $149,729,048,634 and enterprise value is $149,202,048,634.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The provided evidence jointly supports a favorable read on operational performance: revenue, gross profit, operating income, and net income/diluted EPS each increased quarter-to-quarter across the three fiscal Q1–Q3 2026 periods, and TTM operating income and EBITDA are sizable. Balance-sheet and capital-allocation data show materially lower long-term debt and ongoing share repurchases plus dividend payments and additional repurchase authorization, which together indicate management is returning capital while reducing leverage. Market signals also show very strong 6‑ and 12‑month momentum versus peers, and large institutional holders increased reported exposure in the June 2026 13F. Weaknesses raised in the record — notably negative trailing FCF and elevated realized volatility — are supported by the data but are counterbalanced in the evidence by strong reported operating profitability and significant capex outlays and debt paydown. Evidence strength for the operational improvements and capital actions is high (multiple Form 10‑K and quarterly line‑item disclosures); market/volatility and cash‑flow weaknesses are medium strength (computed signals and trailing cash‑flow aggregates).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.34
41 surviving claims rest on 18 distinct sources; the heaviest analyst carries 20% of them, and 98% of what the desk raised survived the debate.
The read rests on a moderate breadth of independent sources (18) but a relatively concentrated analyst influence (one analyst carrying one-fifth of surviving claims) and very high internal survivorship from the desk’s debate process. Taken together, the evidence bundle is informational and reasonably robust on reported filings and realized accounting metrics, but analyst concentration and high survival rate imply caution: single-source errors or an influential analyst mistake would materially shift the set of surviving claims.
Peer context · computed, not argued
12-1 momentum ranks 1st of 8 in Computer Hardware (as of 2026-10-02).
90-day volatility ranks 3rd of 8 in Computer Hardware (as of 2026-10-02).
dividend yield ranks 4th of 8 in Computer Hardware (as of 2026-10-02).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
9 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+1.3 to the score
12 documents· 1 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.5 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
8 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−0.8 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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Institutional holders
Net institutional flow, Q/Q
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