WDC on Nasdaq

Western Digital

Logo: Western Digital Corporation, Public domain, via Wikimedia Commons6

American data storage company

Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).3 It employed about 76,400 people.1 Its shares trade on Nasdaq under the symbol WDC.1 Wikipedia text CC BY-SA 4.0

$332.54 down 23.91 (6.71%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

$12.9BRevenue, fiscal 20267
$9.4BNet income, fiscal 20267
Apr 23, 1970Founded1

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  • TickerWDC on Nasdaq1
  • Industrycomputer storage media1
  • HeadquartersSan Jose1
  • Websitewww.westerndigital.com
  • Legal formDelaware corporation1
  • Incorporated inDE8
  • Business address5601 Great Oaks Parkway, San Jose, Ca 951198
  • Filer categoryLarge accelerated filer8
  • LEI549300QQXOOYEF89IC564
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 33080064
Western Digital Headquarters
Photo: Coolcaesar, CC BY-SA 4.0, via Wikimedia Commons10

Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

48.9%Gross margin7
34.5%Operating margin7
72.9%Net margin7
35.7%Revenue growth, 20267
106.3%Return on equity7
0.00×Debt to equity7
$3.5BFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Cloud brought in 89% of the revenue Western Digital broke down this way in fiscal 2026.

  1. Cloud$11.5B789%up 38% from 2025
  2. Client Devices$726.0M76%up 31% from 2025
  3. Consumer$703.0M75%up 13% from 2025
Products and services by year
Products and services202420252026
Cloud$5.1B$8.3B$11.5B
Client Devices$577.0M$556.0M$726.0M
Consumer$688.0M$623.0M$703.0M

Regions

United States brought in 40% of the revenue Western Digital broke down this way in fiscal 2026.

  1. United States$5.2B740%up 19% from 2025
  2. China$2.5B720%up 64% from 2025
  3. EMEA$2.1B716%up 38% from 2025
  4. Hong Kong$1.5B712%up 41% from 2025
  5. Rest of Asia$1.1B78%up 38% from 2025
  6. Other$513.0M74%up 94% from 2025
Regions by year
Regions202420252026
United States$2.6B$4.3B$5.2B
China$488.0M$1.5B$2.5B
EMEA$1.1B$1.5B$2.1B
Hong Kong$1.3B$1.1B$1.5B
Rest of Asia$573.0M$792.0M$1.1B
Other$222.0M$264.0M$513.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue39¢$6.6B
  • Selling, general and admin3¢$551.0M
  • Income tax3¢$481.0M
  • Profit55¢$9.4B

Out of $12.9B in revenue.7

Where each dollar of operating cash went, fiscal 2026

  • Capital spending11¢$418.0M
  • Dividends paid4¢$174.0M
  • Share buybacks66¢$2.6B
  • Kept or used elsewhere19¢$745.0M

Out of $3.9B of cash from operations.7

Financial statements

Revenue11121314157$12.9B in 2026−22% since 2019
0$5.0B$10.0B$15.0B$20.0B2019: $16.6B$16.6B20192020: $16.7B$16.7B2020+1%2021: $16.9B$16.9B2021+1%2022: $18.8B$18.8B2022+11%2023: $6.3B$6.3B2023−67%2024: $6.3B$6.3B2024+1%2025: $9.5B$9.5B2025+51%2026: $12.9B$12.9B2026+36%
Gross profit11121314157$6.3B in 2026+68% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $3.8B$3.8B20192020: $3.8B$3.8B2020+1%2021: $4.5B$4.5B2021+20%2022: $5.9B$5.9B2022+30%2023: $1.4B$1.4B2023−76%2024: $1.8B$1.8B2024+27%2025: $3.7B$3.7B2025+108%2026: $6.3B$6.3B2026+71%
Operating income11121314157$4.5B in 2026+5018% since 2019
-$2.0B0$2.0B$4.0B$6.0B2019: $87.0M$87.0M20192020: $335.0M$335.0M2020+285%2021: $1.2B$1.2B2021+264%2022: $2.4B$2.4B2022+96%2023: -$548.0M-$548.0M20232024: -$403.0M-$403.0M2024−26%2025: $2.3B$2.3B20252026: $4.5B$4.5B2026+91%
Net income11121314157$9.4B in 2026
-$5.0B0$5.0B$10.0B2019: -$754.0M-$754.0M20192020: -$250.0M-$250.0M2020−67%2021: $821.0M$821.0M20212022: $1.5B$1.5B2022+88%2023: -$1.7B-$1.7B20232024: -$798.0M-$798.0M2024−53%2025: $1.9B$1.9B20252026: $9.4B$9.4B2026+399%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2026-06-302025-06-302024-06-30
Revenue, net$12.9B$9.5B$6.3B
Cost of revenue$6.6B$5.8B$4.5B
Gross profit$6.3B$3.7B$1.8B
Research and development$1.2B$994.0M$950.0M
Selling, general and administrative$551.0M$568.0M$726.0M
Litigation matter$0-$198.0M$291.0M
Business realignment charges (credits)$146.0M-$6.0M$209.0M
Total operating expenses$1.9B$1.4B$2.2B
Operating income (loss)$4.5B$2.3B-$403.0M
Interest income$51.0M$45.0M$33.0M
Interest expense-$165.0M-$357.0M-$414.0M
Gain (loss) on retained interest in Sandisk$6.5B-$772.0M$0
Costs in connection with debt-for-equity exchange-$545.0M-$100.0M$0
Costs in connection with convertible notes transactions-$108.0M$0$0
Costs in connection with equity-for-equity exchanges-$254.0M$0$0
Other income (expense), net-$25.0M-$20.0M$45.0M
Total interest and other income (expense), net$5.5B-$1.2B-$336.0M
Income (loss) before taxes$9.9B$1.1B-$739.0M
Income tax expense (benefit)$481.0M-$513.0M$26.0M
Net income (loss) from continuing operations$9.4B$1.6B-$765.0M
Net income (loss) from discontinued operations, net of taxes$0$246.0M-$33.0M
Net income (loss) from continuing operations$9.4B$1.9B-$798.0M
Continuing operations - basic (in dollars per share)$27$5-$3
Discontinued operations - basic (in dollars per share)$0$1-$0
Net income (loss) per share - basic (in dollars per share)$26.92$5.31-$2.61
Continuing operations - diluted (in dollars per share)$24$4-$3
Discontinued operations - diluted (in dollars per share)$0$1-$0
Net income (loss) per share - diluted (in dollars per share)$24.28$5.12-$2.61

Compare Western Digital with another company

Corporate structure

Western Digital sits at the top of its group. 17 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Western Digital

  • FMR LLC Filed SCHEDULE 13G/A on Western Digital, latest Aug 6, 2026 (7 filings since Nov 12, 2024)
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G/A on Western Digital, latest Jul 31, 2026 (2 filings since Apr 29, 2026)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Western Digital, latest Apr 30, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Western Digital, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • MANAGED ACCOUNT ADVISORS LLC Filed SCHEDULE 13G/A on Western Digital, latest Feb 10, 2026 (3 filings since Aug 14, 2025)
  • JPMorgan Chase Filed SCHEDULE 13G/A on Western Digital, latest Apr 22, 2025 (3 filings since Oct 15, 2024)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Western Digital, latest Nov 14, 2024 (3 filings since Feb 14, 2023)
  • BlackRock Filed SC 13G/A on Western Digital, latest Jan 25, 2024 (4 filings since Feb 8, 2022)
  • Western Digital Wilmington, Delaware, United States
    • Sandisk Wilmington, Delaware, United States
    • HGST Subsidiary · San Jose
    • Western Digital (Japan) Subsidiary · Tokyo, Japan
    • Western Digital (Netherlands) Subsidiary · Hoofddorp, Netherlands
    • HGST PHILIPPINES CORP. Subsidiary · Binan, Philippines
    • SANDISK INDIA DEVICE DESIGN CENTRE PRIVATE LIMITED Subsidiary · Bangalore, India
    • SANDISK STORAGE MALAYSIA SDN. BHD. Subsidiary · George Town, Malaysia
    • SANDISK TECHNOLOGIES, INC. Subsidiary · Milpitas, California, United States
    • WD MEDIA (MALAYSIA) SDN. Subsidiary · George Town, Malaysia
    • Western Digital (China) Subsidiary · China
    • Western Digital (Israel) Subsidiary · Israel
    • WESTERN DIGITAL (MALAYSIA) SDN. BHD. Subsidiary · Irvine, California, United States
    • WESTERN DIGITAL (UK) LIMITED Subsidiary · London, United Kingdom
    • WESTERN DIGITAL STORAGE TECHNOLOGIES (THAILAND) LTD. Subsidiary · Ayutthaya, Thailand
    • WESTERN DIGITAL TECHNOLOGIES GK (ウエスタンデジタルテクノロジーズ合同会社) Subsidiary · Fujisawa, Japan
    • WESTERN DIGITAL TECHNOLOGIES, INC. Subsidiary · San Jose, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Western Digital reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$9.5B7 Jul 3, 2026$9.1B7 Jun 27, 2025+4.1%
Accumulated depreciation$7.0B7 Jul 3, 2026$6.7B7 Jun 27, 2025+3.5%
Property and equipment, net$2.5B7 Jul 3, 2026$2.3B7 Jun 27, 2025+5.7%
Operating-lease assets (leased space)$122.0M7 Jul 3, 2026$123.0M7 Jun 27, 2025−0.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.6B7 Jul 3, 2026$2.1B7 Jun 27, 2025−25.3%
Equity securities at fair value$07 Jul 3, 2026$354.0M7 Jun 27, 2025−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.3B7 Jul 3, 2026$4.3B7 Jun 27, 20250%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.5B7 Jul 3, 2026$1.3B7 Jun 27, 2025+17.0%
Work in process$829.0M7 Jul 3, 2026$785.0M7 Jun 27, 2025+5.6%
Finished goods$397.0M7 Jul 3, 2026$279.0M7 Jun 27, 2025+42.3%

Properties, in its own words

Location · Buildings Owned or Leased · Approximate Square Footage · Description

United States

The rest of Item 2

California

Fremont · Leased · 295,000 · Manufacturing and R&D

Irvine · Leased · 258,000 · R&D, administrative, marketing and sales

San Jose · Owned · 1,957,000 · Manufacturing, R&D, administrative, marketing and sales

Colorado

Colorado Springs · Leased · 54,000 · R&D

Minnesota

Rochester · Leased · 111,000 · R&D

Asia

China

Shenzhen · Owned and Leased · 614,000 · Manufacturing

India

Bangalore · Leased · 209,000 · R&D and administrative

Japan

Fujisawa · Owned · 638,000 · R&D

Malaysia

Johor Bahru · Owned · 277,000 · Manufacturing

Kuala Lumpur · Owned · 145,000 · R&D and administrative

Kuching · Owned · 638,000 · Manufacturing and R&D

Penang · Owned · 1,192,000 · Manufacturing

Philippines

Laguna · Owned · 632,000 · Manufacturing and administrative

Singapore · Leased · 6,000 · Administrative, marketing and sales

Bang Pa-In · Owned and Leased · 1,595,000 · Manufacturing and R&D

Prachinburi · Owned · 1,568,000 · Manufacturing

We also lease office space in various other locations worldwide primarily for R&D, marketing and sales, and administration. Although we believe our present facilities are adequate for our current needs, we anticipate making additional investments to enhance our operations.

Item 2 of the 10-K filed Aug 14, 2026.19

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

1970s

Western Digital was founded on April 23, 1970, by Alvin B. Phillips, a Motorola employee, and his partner Joseph Baia as General Digital Corporation, initially a manufacturer of MOS test equipment. It was originally based in Newport Beach, California, shortly thereafter moving to Santa Ana, California, and would go on to become one of the largest technology firms headquartered in Orange County. It rapidly became a specialty semiconductor maker, with start-up capital provided by several individual investors and industrial giant Emerson Electric. Around July 1971, it adopted its current name and soon introduced its first product, the WD1402A UART.

During the early 1970s, the company focused on making and selling calculator chips, and by 1975, Western Digital was the largest independent calculator chip maker in the world. The oil crisis of the mid-1970s and the bankruptcy of its biggest calculator customer, Bowmar Instrument, changed its fortunes, however, and in 1976 Western Digital declared Chapter XI bankruptcy. After this, Emerson Electric withdrew its support of the company. Chuck Missler joined Western Digital as chairman and chief executive in June 1977, and became the largest shareholder of Western Digital.

In 1973, Western Digital established its Malaysian plant, initially to manufacture semiconductors. In 1976, the company got the patent for the first disk array sub system and in the same year, they launched their first ever data storage device: a floppy disk controller named FD 1771.

Western Digital introduced several products during the late 1970s, including the MCP-1600 multi-chip, microcoded CPU. The MCP-1600 was used to implement DEC's LSI-11 system, the WD16, and its own Pascal MicroEngine microcomputer which ran the UCSD p-System Version III and UCSD Pascal. However, the WD integrated circuit that arguably drove Western's forward integration was the FD1771, one of the first single-chip floppy disk drive formatter/controllers, which could replace significant amounts of TTL logic.

1980s

The FD1771 and its kin were Western Digital's first entry into the data storage industry; by the early 1980s, it was making hard disk drive controllers, and in 1983, it won the contract to provide IBM with controllers for the PC/AT. That controller, the WD1003, became the basis of the ATA interface (which Western Digital developed along with Compaq and Control Data Corporation's MPI division, now owned by Seagate Technology), starting in 1986. Throughout most of the 1980s, the family of controllers based on the WD1003 provided the bulk of Western Digital's revenues and profits, and for a time generated enormous corporate growth.

Much of the mid-to-late 1980s saw an effort by Western Digital to use the profits from its ATA storage controllers to become a general-purpose OEM hardware supplier for the PC industry. As a result, Western Digital purchased a number of hardware companies. These included graphics cards (through its Paradise Systems subsidiary, purchased 1986, which later became Western Digital Imaging), core logic chipsets (by purchasing Faraday Electronics in 1987), SCSI controller chips for disk and tape devices (by purchasing ADSI in 1986), networking (WD8003, WD8013 Ethernet and WD8003S StarLAN). They did well (especially Paradise, which produced one of the best VGA cards of the era), but storage-related chips and disk controllers were its biggest money makers. In 1986, it introduced the WD33C93 single-chip SCSI interface, which was used in the first 16-bit bus mastering SCSI host adapter, the WD7000 "FASST"; in 1987 it introduced the WD37C65, a single-chip implementation of the PC/AT's floppy disk controller circuitry, and the grandfather of modern super I/O chips; in 1988 it introduced the WD42C22 "Vanilla", the first single-chip ATA hard disk controller.

1988 also brought, what would be the biggest change in Western Digital's history, the hard drive production assets of PC hardware maker Tandon. The first products of that union under Western Digital's own name were the "Centaur" series of ATA and XT attachment drives.

1990s

By 1991, things were starting to slow down, as the PC industry moved from ST-506 and ESDI drives to ATA and SCSI, and thus were buying fewer hard disk controller boards. That year saw the rise of Western Digital's Caviar drives, brand new designs that used the latest in embedded servo and computerized diagnostic systems.

Read the full text

Eventually, the successful sales of the Caviar drives resulted in Western Digital starting to sell some of its divisions. Paradise was sold to Philips, and since disappeared. Its networking and floppy drive controller divisions went to SMC Networks and its SCSI chip business went to Future Domain, which was later bought out by market leader Adaptec. Around 1995, the technological lead that the Caviar drives had enjoyed was eclipsed by newer offerings from other companies, especially Quantum Corp., and Western Digital fell into a slump.

In 1994, Western Digital began producing hard drives at its Malaysian factory, employing 13,000 people.

Products and ideas of this time did not go far. The Portfolio drive (a 3-inch (76 mm) form factor model, developed with JT Storage) was a flop, as was the SDX hard disk to CD-ROM interface. Western Digital's drives started to slip further behind competing products, and quality began to suffer; system builders and PC enthusiasts who used to recommend Western Digital above all else, were going to the competition, particularly Maxtor, whose products had improved significantly by the late 1990s.

In 1998, Western Digital recruited the help of IBM. This agreement gave Western Digital the rights to use certain IBM technologies, including giant magneto-resistive (GMR) heads and access to IBM production facilities. The result was the Expert line of drives, introduced in early 1999. The idea worked, and Western Digital regained respect in the press and among users, even despite a recall in 2000 (which was due to bad motor driver chips). Western Digital later broke ties with IBM.

2000s

In 2001, Western Digital became the first manufacturer to offer mainstream ATA hard disk drives with 8 MiB of disk buffer. At that time, most desktop hard disk drives had 2 MB of buffer. Western Digital labeled these 8 MB models as "Special Edition" and distinguished them with the JB code (the 2 MB models had the BB code). The first 8 MB cache drive was the 100 GB WD1000JB, followed by other models starting with 40 GB capacity. Western Digital advertised the JB models for cost-effective file servers. In October 2001, Western Digital restated its prior year results to reflect the adoption of SEC Staff Accounting Bulletin No.101 and the reclassification of Connex and SANavigator results as discontinued operations.

In 2003, Western Digital acquired most of the assets of bankrupt one-time market leading magnetic hard drive read-write head developer Read-Rite Corporation for $95 million. In the same year, Western Digital offered the first 10,000 rpm Serial ATA HDD, the WD360GD "Raptor", with a capacity of 36 GB and an average access time of less than six milliseconds. Soon, the 74 GB WD740GD followed, which was also much quieter. In 2004, Western Digital redesigned its logo for the first time since 1997, with the design of new logo focusing on the company's initials ("WD").

In 2005, Western Digital released a 150 GB version, the WD1500ADFD, which was also available in a special version with a transparent window enabling the user to see the drive's heads move over the platters while the drive read and wrote data (Raptor X, WD1500AHFD). The biggest capacity 3,5 inch Raptor is the WD1600ADFD, with 160 GB of disk space. As of 2004, the Western Digital Raptor drives have a five-year warranty, making them a more attractive choice for inexpensive storage servers, where a large number of drives in constant use increases the likelihood of a drive failure.

In 2006, Western Digital introduced its My Book line of mass market external hard drives that feature a compact book-like design. On October 7, 2007, Western Digital released several editions of a single 1 TB hard drive, the largest in its My Book line.

In 2007, Western Digital acquired magnetic media maker Komag. Also in the same year, Western Digital adopted perpendicular recording technology in its line of notebook and desktop drives. This allowed it to produce notebook and desktop drives in the largest classes of the time. Western Digital also started to produce the energy efficient GP (Green Power) range of drives.

In 2007, Western Digital announced the WD GP drive touting rotational speed "between 7200 and 5400 rpm", which is technically correct while also being misleading; the drive spins at 5405 rpm, and the Green Power spin speed is not variable. WD GP drives are programmed to unload the heads whenever idle for a very short period of time. Many Linux installations write to the file system a few times a minute in the background. As a result, there may be 100 or more load cycles per hour, and the 300,000 load cycles rating of a WD GP drive may be exceeded in less than a year.

On April 21, 2008, Western Digital announced the next generation of its 10,000 rpm SATA WD Raptor series of hard drives. The new drives, called WD VelociRaptor, featured 300 GB capacity and 2.5-inch (64 mm) platters enclosed in the IcePack, a 3.5-inch (89 mm) mounting frame with a built-in heat sink. Western Digital said that the new drives are 35 percent faster than the previous generation. On September 12, 2008, Western Digital shipped a 500 GB 2.5-inch (64 mm) notebook hard drive which is part of its Scorpio Blue series of notebook hard drives.

On January 27, 2009, Western Digital shipped the first 2 TB internal hard disk drive. On March 30, 2009, it entered the solid-state drive market with the acquisition of Siliconsystems, Inc. Its acquisition was unsuccessful, and few years later Western Digital discontinued all solid-state storage products based on Siliconsystems design (SiliconEdge and SiliconDrive families of SSDs and memory cards), but its inventions was used later in development of various other solid-state storage products, with larger developments going on after 2016 acquisition of SanDisk.

On July 27, 2009, Western Digital announced the first 1 TB mobile hard disk drive, which shipped as both a Passport series portable USB drive as well as a Scorpio Blue series notebook drive. In October 2009, Western Digital announced the shipment of first 3 TB internal hard disk drive, which has 750 GB-per-platter density with SATA interface.

2010s

In March 2011, Western Digital agreed to acquire parts of the storage unit of Hitachi, HGST, for about $4.3 billion of which $3.5 billion was paid in cash and the rest with 25 million shares of Western Digital. In 2011, Western Digital established an R&D facility at its Malaysian plant at a cost of 1.2 billion US dollars. In March 2012, Western Digital completed the acquisition of HGST and became the largest traditional hard drive manufacturer in the world. To address the requirements of regulatory agencies, in May 2012 Western Digital divested assets to manufacture and sell certain 3.5-inch hard drives for the desktop and consumer electronics markets to Toshiba, in exchange for one of its 2.5-inch hard drive factories in Thailand.

In December 2013, Western Digital stopped manufacturing parallel ATA hard disk drives for laptops (2.5-inch form factor) and desktop PCs (3.5-inch form factor). Until that time, it was last hard disk manufacturer to produce PATA hard disk drives. Furthermore, it was the only manufacturer that had 250 GB and 320 GB in 2.5-inch form factor. In February 2014, Western Digital announced a new "Purple" line of hard disk drives for use in video surveillance systems, with capacities from 1 to 4 TB. They feature internal optimizations for applications that involve near-constant disk writing, and "AllFrame" technology which is designed to reduce write errors.

In October 2015, after being required to operate the company autonomously from WD, the Chinese Ministry of Commerce issued a decision allowing the company to begin integrating HGST into its main business, but under the condition that it maintain the HGST brand and sales team for at least two more years. The HGST brand was phased out in 2018, and since then, all HGST-branded products were rebranded to Western Digital.

In May 2016, Western Digital acquired SanDisk for US$19 billion. In the summer of 2017, Western Digital licensed the Fusion-io/SanDisk ION Accelerator software to One Stop Systems. In 2016, HGST closed its Malaysian plant.

In April 2017, Western Digital moved its headquarters from Irvine, California to HGST's headquarters in San Jose, California. In August 2017, Western Digital bought cloud storage provider Upthere, with the intention to continue building out the service. In September 2017, Western Digital acquired Tegile Systems, maker of flash memory storage arrays. Western Digital rebranded Tegile as IntelliFlash and sold it to DataDirect Networks in September 2019. In October 2017, Western Digital shipped the world's first 14 TB HDD, the helium-filled HGST Ultrastar Hs14. In December 2017, Western Digital reached an agreement with Toshiba about the sale of the jointly owned NAND production facility in Japan.

In June 2018, Western Digital acquired Wearable, Inc., a small company based in the Chicago area that produced the SanDisk Wireless Drive and SanDisk Connect Wireless Stick, which were derived from Wearable Inc.’s AirStash wireless server platform. In May 2018, Toshiba reached an agreement with the Bain consortium about the sale of that chip unit. In July 2018, Western Digital announced its plan to close its hard disk production facility in Kuala Lumpur to shift the company towards flash drive production, leaving the company with just two HDD production facilities in Thailand. The company ranked 158th on the 2018 Fortune 500 of the largest United States corporations by revenue. In June 2019, Kioxia experienced a power cut at one of its factories in Yokkaichi, Japan, resulting in the loss of at least 6 exabytes of flash memory, with some sources estimating the loss as high as 15 exabytes. Western Digital used (and continued to use till the February 2025 Sandisk spinoff) Kioxia's facilities for making its own flash memory chips.

2020s

In November 2020, Western Digital produced a new consumer SSD, the WD Black SN850 1TB. Using a proprietary NVMe version 1.4 controller ("G2"), it is reported to outperform Samsung's 980 Pro 1TB as well as other, new-to-market SSDs containing the Phison E18 controller that arrived after the SN850 became available. The only higher-performing SSD at that time was Intel's Optane line, which is a non-consumer, workstation/server-based SSD with a cost of over five times the SN850.

In June 2021, users reported that their My Book Live NAS drives, which were discontinued products last manufactured in 2013, had been erased, leading to the company advising that the devices be disconnected from the internet.

In August 2021, Western Digital and Japanese memory-chip supplier Kioxia (formerly Toshiba Memory) began working out the details of a merger to be finalized in September 2021. In October of the same year, it became clear that the merger talks stalled.

In February 2022, Western Digital and Kioxia reported that contamination issues have affected the output of its flash memory joint-production factories, with WD admitting that at least 6.5 exabytes of memory output being affected. The Kiakami and Yokkaichi factories in Japan stopped producing due to the contamination.

WD experienced a cyberattack breaching the company's systems on March 23, 2023. On April 2, the company proactively took some services offline, including My Cloud, to examine the extent of the intrusion. The attackers allegedly exfiltrated around 10 TB of data from the company, including customer information, and demanded a ransom of "minimum 8 figures" to not publish the data.

Merger talks with Kioxia resumed in 2023, but the merger was called off after Kioxia's largest shareholder Bain Capital and indirect shareholder SK Hynix declared its opposition to the deal in October.

On February 24, 2025, Western Digital spun off its flash memory business as Sandisk Corporation, leaving WD solely focused on hard disk drives; the spin-off would effectively reverse Western Digital's earlier acquisition of SanDisk, but would also include flash storage product lines that were previously sold under the WD brand. On February 1, 2026, Western Digital introduced a new logo and began trading under the name WD, while retaining Western Digital Corporation as its legal corporate name.

On February 3, 2026, WD announced a new strategic direction as a standalone hard-disk-drive company following the completion of its separation from SanDisk. The company shifted its focus toward large-scale data center storage, particularly for artificial intelligence workloads. WD introduced a roadmap including next-generation high-capacity hard drives, including 40TB-class UltraSMR drives in customer qualification and future heat-assisted magnetic recording (HAMR) technologies targeting capacities above 100TB.

On February 19, 2026, WD announced the consolidation of its professional external storage portfolio under the G-DRIVE brand. The move transitioned products previously marketed under the SanDisk Professional name into the G-DRIVE lineup, targeting creative professionals working with high-resolution video, photography, audio production, and other data-intensive workflows.

On May 18, 2026, WD announced advances in storage security technology with the integration of post-quantum cryptography features into its next-generation Ultrastar hard drives. The company stated that these technologies were designed to improve protection for enterprise storage systems as data centers prepare for future security threats associated with quantum computing.

On June 8, 2026, WD reported that demand for large-scale storage infrastructure was increasingly being driven by artificial intelligence and cloud computing. The company positioned hard disk drives as a key technology for storing the massive amounts of training data, generated content, and long-term information produced by AI systems.

From Wikipedia’s article on Western Digital, shared under CC BY-SA 4.0.9

Leadership

Who has led Western Digital, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (48)

Products and brands

  • hard disk drive platter

Listed on Wikidata.1

Western Digital's offerings include hard drives for personal computers, security surveillance systems, video game consoles, network-attached storage (NAS), and set-top boxes. Western Digital sells datacenter hardware and software including an enterprise-class Ultrastar product line that was previously sold under the HGST brand.

Its storage product lines are divided into brands based on colors, based on their intended use case:

WD Purple hard drives are designed for write-heavy workloads, such as security cameras. These drives feature AllFrame technology, which attempts to reduce video frame loss, time limited error recovery, and support for the ATA streaming command set.

External hard drives are sold under the My Passport, My Book, WD Elements, and Easystore brands. Western Digital external hard drives with encryption software (sold under the My Passport brand) have been reported to have severe data protection faults and to be easy to decrypt. After first offering the Western Digital Media Center in 2004 (which was actually only a storage device), Western Digital offered the WD TV series of products between 2008 and 2016. The WD TV series of products functioned as a home theater PC, able to play videos, images, and music from USB drives or network locations.

Read the full text

Western Digital offers the My Cloud series of products, which function as home media servers. In September 2015, Western Digital released My Cloud OS 3, a platform that enables connected HDDs to sync between PCs and mobile devices.

Through Western Digital's acquisition of Upthere, the company offers personal cloud storage through the Upthere Home app and UpOS operating system.

On February 24, 2025, Western Digital spun off its flash memory business as Sandisk Corporation, leaving WD solely focused on hard disk drives; the spin-off would effectively reverse Western Digital's earlier acquisition of SanDisk, but would also include flash storage product lines that were previously sold under the WD brand. In January 2026 these products were rebranded as "Sandisk Optimus", with Blue drives branded as "Optimus", mid-range Black drives branded as "Optimus GX", and high-end Black drives rebranded as "Optimus GX Pro".

Legacy product lines

Some of Western Digital's old product lines that are no longer produced include:

Tidbit

Caviar

Expert

Raptor - High speed and high performance HDDs with speeds of 10,000 RPM.

VelociRaptor - 2.5 inch version of Raptor.

S25 (Rebranded to XE) - SAS version of VelociRaptor.

Scorpio

WD Green - HDD models aimed towards energy efficiency, with variable RPMs between 5400 and 7200 RPM. The Green brand was discontinued for HDDs in 2015, with its models folded into the Blue line. The Green branding continued to be used for SSDs.

Former products

Western Digital manufactured wireless routers. They discontinued its networking product line as of early 2014.

From Wikipedia’s article on Western Digital, shared under CC BY-SA 4.0.9

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Sep 14, 20268-K Regulation FD disclosure; Other events86
  2. Aug 27, 20268-K Unregistered sale of shares87
  3. Aug 26, 20268-K Unregistered sale of shares; Other events88
  4. Aug 5, 20268-K Results of operations89
  5. Jun 11, 20268-K Other events90
  6. Jun 8, 20268-K Unregistered sale of shares91
  7. Jun 3, 20268-K Unregistered sale of shares; Other events92
  8. May 28, 20268-K Executive or director change; Regulation FD disclosure93
  9. Apr 30, 20268-K Results of operations94
  10. Feb 24, 20268-K Bylaws or fiscal year changed; Other events95
  11. Feb 18, 20268-K Change to shareholders' rights96
  12. Feb 9, 20268-K Other events97
  13. Mar 3, 2025New chief executive Irving Tan becomes CEO20
  14. Mar 11, 2020New chief executive David Goeckeler becomes CEO21
  15. Mar 20, 2013New chief executive Stephen D. Milligan becomes CEO22
  16. Jan 31, 2007New chief executive John F. Coyne becomes CEO23
  17. Feb 1, 2006New chief executive Arif Shakeel becomes CEO24
  18. Jan 2, 1990Went public Listed on NASDAQ1
  19. Apr 23, 1970Founded Founded1

Calendar

Coming up

  1. Oct 22, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.64 a share, on Oct 30, 2025.98

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results89
  2. Apr 30, 2026Reported quarterly or annual results94
  3. Jan 29, 2026Reported quarterly or annual results99
  4. Oct 30, 2025Reported quarterly or annual results100
  5. Jul 30, 2025Reported quarterly or annual results101
  6. Apr 30, 2025Reported quarterly or annual results102
  7. Jan 29, 2025Reported quarterly or annual results103
  8. Jan 16, 2025Reported quarterly or annual results104

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

687 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 72 major events, 430 insider forms, 27 large holders, 138 other. The latest 20:

  1. Oct 5, 2026ARS EDGAR
  2. Oct 5, 2026DEFA14A EDGAR
  3. Oct 5, 2026DEF 14A EDGAR
  4. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  8. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  10. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  12. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  13. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  14. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  15. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  16. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  17. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  18. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  19. Sep 14, 20268-K EDGAR
  20. Sep 8, 20264 PRIMARY DOCUMENT EDGAR

The 687 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

86 open-market trades by officers, directors and large owners since October 2021: 0 buys and 86 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 4, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale432$451.20$194.9KForm 4
Sep 4, 2026Gubbi Vidyadhara KChief of Global OperationsSale1,795$459.87$825.5KForm 4
Sep 1, 2026STREETER STEPHANIE ADirectorSale1,600$455.00$728.0KForm 4
Aug 31, 2026STREETER STEPHANIE ADirectorSale4,000$447.82$1.8MForm 4
Aug 27, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale1,007$478.36$481.7KForm 4
Aug 26, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale476$450.78$214.6KForm 4
Aug 24, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale684$446.17$305.2KForm 4
Aug 21, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale235$477.27$112.2KForm 4
Aug 11, 2026Tan IrvingChief Executive OfficerSale20,000$444.97$8.9MForm 4
Jul 28, 2026Cole Martin IDirectorSale192$462.77$88.9KForm 4
Jul 28, 2026Cole Martin IDirectorSale3,808$448.66$1.7MForm 4
Jul 21, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale808$529.63$427.9KForm 4
Jun 9, 2026Cole Martin IDirectorSale720$536.01$385.9KForm 4
Jun 9, 2026Cole Martin IDirectorSale3,280$511.16$1.7MForm 4
Jun 5, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale432$545.60$235.7KForm 4
Jun 1, 2026Gubbi Vidyadhara KChief of Global OperationsSale2,475$556.24$1.4MForm 4
May 28, 2026KIDDOO BRUCE EDirectorSale750$528.52$396.4KForm 4
May 27, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale214$539.63$115.5KForm 4
May 22, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale308$488.61$150.5KForm 4
May 21, 2026Tregillis Cynthia LChief Legal Officer & Corp SecSale106$458.87$48.6KForm 4

All 86 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Western Digital has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

  • SandiskSCHEDULE 13G/A Apr 3, 2025 to May 15, 2026113

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Irving TanChief Executive Officer$1.1M$17.2M114
2026Kris SennesaelExecutive Vice President and Chief Financial Officer$715.0K$7.1M114
2026Ahmed M. ShihabExecutive Vice President and Chief Product Officer$646.1K$6.5M114
2026Cynthia L. TregillisExecutive Vice President, Chief Legal Officer and Secretary$583.9K$3.6M114
2026Vidyadhara K. GubbiExecutive Vice President and Chief of Global Operations$544.4K$3.4M114
2025Irving TanChief Executive Officer$835.8K$11.2M114
2025Kris SennesaelExecutive Vice President and Chief Financial Officer$82.5K$10.2M114
2025Ahmed M. ShihabExecutive Vice President and Chief Product Officer$165.6K$7.4M114
2025Cynthia L. TregillisExecutive Vice President, Chief Legal Officer and Secretary$573.1K$4.5M114
2025Vidyadhara K. GubbiExecutive Vice President and Chief of Global Operations$423.8K$4.1M114

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.32,953,613$21.0B0.3%−2,815,609
Fmr LLC25,983,645$16.6B0.7%−5,639,773
Vanguard Capital Management LLC22,510,811$14.4B0.3%+475,950
Jpmorgan Chase & Co17,007,789$11.1B0.6%−504,359
Capital World Investors16,598,211$10.6B1.3%+4,718,173
State Street Corp16,276,615$10.4B0.3%+810,849
Invesco Ltd.14,435,741$9.2B0.7%+1,789,320
Vanguard Portfolio Management LLC13,109,474$8.4B0.4%−4,063,179
Geode Capital Management, LLC8,411,628$5.4B0.3%−1,065,573
Morgan Stanley8,148,144$5.2B0.3%+209,038
Bank Of America Corp /de/6,489,630$4.1B0.3%−1,999,982
Goldman Sachs Group Inc5,178,993$3.3B0.3%−227,890
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC4,744,377$3.0B0.6%+1,841,629
Norges Bank4,629,232$3.0B0.3%New
Nuveen, LLC3,819,103$2.4B0.6%+859,858
Northern Trust Corp3,663,369$2.3B0.3%+56,806
Ameriprise Financial Inc3,386,190$2.2B0.4%−2,376,343
Aqr Capital Management LLC2,940,948$1.9B0.7%−518,617
Bank of New York Mellon Corp2,916,885$1.9B0.3%+408,133
Capital Research Global Investors2,816,570$1.8B0.3%−493,055
PeakShares LLC2,535$1.6B1.2%+2,035
Legal & General Group Plc2,509,592$1.6B0.3%+380,422
Dimensional Fund Advisors LP2,448,137$1.6B0.3%−55,184
Fred Alger Management, LLC2,206,326$1.4B4.7%−453,509
Charles Schwab Investment Management Inc2,132,395$1.4B0.2%−74,546

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

16 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 18, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000+20.6%Report
Jul 17, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−29.1%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000+7.7%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000−633.0%Report
Apr 17, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000+829.7%Report
Apr 11, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000−891.6%Report
Apr 10, 2025Robert P. Bresnahan, Jr.Republican, HousePartial sale$1,001 - $15,000−875.1%Report
Mar 13, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000−708.1%Report
Aug 10, 2020Dean Phillips, HousePartial sale$1,001 - $15,000−1032.3%Report
Jun 29, 2020Susie LeeDemocratic, HousePartial sale$1,001 - $15,000−869.6%Report
Apr 28, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000+784.9%Report
Apr 9, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000+769.4%Report
Apr 8, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000+758.5%Report
Apr 7, 2020Kelly Loeffler, SenateSale$100,001 - $250,000−809.2%Report
Mar 20, 2020Kelly Loeffler, SenateBuy$100,001 - $250,000+1181.5%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000−886.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Western Digital is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWESTERN DIGITAL CORP2
  • CIK0000106040
  • Employer ID (EIN)33-095671119
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsJuly 32
  • Industry code (SIC)3572 Computer Storage Devices2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address5601 Great Oaks Parkway, San Jose, CA 951192
  • Phone408-717-60002
  • Shares outstanding360,540,944 shares as of Aug 7, 202619
  • Public float$47.7B as of Jan 2, 202619
  • AuditorKPMG LLP, Santa Clara, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceJan 5, 19942
  • Filings3,169 in all: 4 (1,890), 8-K (449), 10-Q (98), 144 (85), SC 13G/A (76), 3 (56), S-8 POS (43), SC 13G (37)2
    All 62 form types

    425 (36), DEF 14A (35), DEFA14A (34), S-8 (34), 10-K (31), 11-K (27), 424B2 (22), UPLOAD (21), CORRESP (19), 4/A (17), 424B3 (16), ARS (15), SCHEDULE 13G/A (14), SD (13), 8-K/A (11), S-3/A (7), POS AM (6), SC TO-T/A (6), S-3ASR (5), S-3 (4), SC TO-C (4), SCHEDULE 13G (4), 8-A12B (3), CT ORDER (3), FWP (3), IRANNOTICE (3), S-4/A (3), SC 13D/A (3), 10-K405 (2), 424B1 (2), 424B7 (2), DEFR14A (2), EFFECT (2), NT 10-Q (2), PRE 14A (2), S-4 (2), SC 13D (2), SEC STAFF LETTER (2), 10-Q/A (1), 11-KT (1), 15-12B (1), 25 (1), 25-NSE (1), 5 (1), 8-A12B/A (1), CERTNAS (1), DFAN14A (1), NT 10-K (1), NT 11-K (1), POSASR (1), PRES14A (1), SC TO-I (1), SC TO-I/A (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Aug 14, 2026
    Quarterly report (10-Q) May 1, 2026
    Proxy statement (DEF 14A) Oct 5, 2026
    Latest 8-K (8-K) Sep 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 Par Value Per ShareWDCThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Aug 14, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Western Digital names in Item 1A of its 10-K filed Aug 14, 2026: 28 risks under these headings, as written.19

  • BUSINESS AND OPERATIONAL RISKS
  • Loss of revenue from Cloud or other key customers could harm our operating results.
  • If we do not properly manage technology transitions and product development and introduction, our competitiveness and operating results may be negatively affected.
  • We are dependent on a limited number of qualified suppliers who provide critical services, materials or components, and a disruption in our supply chain could negatively affect our business.
  • Long-term agreements expose us to certain execution, financial, and market risks, which could be significant.
  • We are subject to risks related to product defects, which could result in product recalls or epidemic failures and could subject us to warranty, litigation or indemnification claims that exceed our expectations or estimates.
  • The loss of our key management, staff and skilled employees or the inability to hire and develop new employees could negatively impact our business prospects.
  • Failure to successfully execute on strategic initiatives including acquisitions, divestitures or cost saving measures may negatively impact our future results.
  • Our strategic relationships subject us to risks and uncertainties that could harm our business.
  • MACROECONOMIC AND INDUSTRY RISKS
  • Adverse global or regional conditions could harm our business.
  • Changes in U.S. trade policy and the impact of tariffs and retaliatory actions may have a material adverse effect on our business and results of operations.
The other 18 risks
  • Our industry is subject to variations in demand, pricing and competitive factors, which can negatively impact our business.
  • Our operations, and those of certain of our suppliers and customers, are subject to substantial risk of damage or disruption.
  • We may be adversely affected by the risks, challenges, and evolving regulatory landscape associated with the use of AI in our operations, product development, and business practices.
  • We have historically experienced variability in our sales and cyclicality in our industry, which could cause our operating results to fluctuate. In addition, accurately forecasting demand is difficult, which could harm our business.
  • The compromise, damage or interruption of our technology infrastructure, information systems or products by cybersecurity incidents, data security breaches, other security problems, design defects, information system failures or other events could have a material negative impact on our business.
  • FINANCIAL RISKS
  • Our incurrence of additional debt may negatively impact our liquidity, restrict our operations and ability to respond to business opportunities, and increase our vulnerability to adverse economic and industry conditions.
  • Tax matters may materially affect our financial position and results of operations.
  • If the completed Separation of Sandisk were to fail to qualify as a transaction that is generally tax-free for U.S. federal income tax purposes, we and our stockholders could be subject to significant tax liabilities.
  • Any decisions to reduce or discontinue paying cash dividends to our stockholders or the repurchase of our shares of common stock pursuant to our previously announced share repurchase program could cause the market price for our common stock to decline.
  • Fluctuations in currency exchange rates as a result of our international operations may negatively affect our operating results.
  • Increases in our customers’ credit risk could result in credit losses and term extensions under existing contracts with customers with credit losses could result in an increase in our operating costs.
  • LEGAL AND COMPLIANCE RISKS
  • We are subject to laws, rules and regulations relating to the collection, use, sharing and security of data, including personal data, and our failure to comply with these laws, rules and regulations could subject us to proceedings by governmental entities or others and cause us to incur penalties, significant legal liability, or loss of customers, loss of revenue and reputational harm.
  • We are and may continue to be involved in litigation, investigations and governmental proceedings, which may be costly, may divert the efforts of our key personnel and could result in adverse court rulings, fines or penalties, which could materially harm our business.
  • The nature of our industry and its reliance on IP and other proprietary information subjects us and our suppliers, customers and partners to the risk of significant litigation.
  • Our reliance on IP and other proprietary information subjects us to the risk that these key components of our business could be copied by competitors.
  • We are and may in the future be subject to state, federal and international legal and regulatory requirements, such as environmental, labor, health and safety, trade and public company reporting and disclosure regulations, customers’ standards of corporate citizenship and industry and coalition standards, such as those established by the Responsible Business Alliance (“RBA”), and compliance with those regulations and requirements could cause an increase in our operating costs and failure to comply may harm our business.
  • Our aspirations, disclosures and actions related to environmental, social and governance (“ESG”) matters expose us to risks that could adversely affect our reputation and performance.
  • The exclusive forum provisions in our Bylaws could limit our stockholders’ ability to bring a claim in a judicial forum that it finds favorable for disputes with the company or its directors, officers or other employees.

Legal proceedings

See Part II, Item 8, Note 16, Legal Proceedings of the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K for disclosures regarding certain legal proceedings, which are incorporated by reference herein.

The opening of Item 3, Legal Proceedings.19

Sources

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