Western Digital Unveils $2 Billion Share Repurchase Plan

Published 56 minutes agoWDC

Western Digital Unveils $2 Billion Share Repurchase Plan

Western Digital Corp. has announced a significant $2 billion share repurchase plan aimed at boosting shareholder value. The company plans to repurchase up to $2 billion of its common stock, with at least half of these transactions slated for completion in the remainder of the current fiscal quarter. This move highlights Western Digital's commitment to returning value directly to its investors.

In its fiscal second quarter of 2025, Western Digital reported a revenue of $4.29 billion, an increase of 5% from the previous quarter, along with a GAAP earnings per share of $1.63. With a market capitalization currently at approximately $21.4 billion, the repurchase plan could impact nearly 9.3% of the company's outstanding shares, according to a report by Yahoo Finance.

The company's financial strategy also focuses on debt management, with long-term debt reduced to $10.99 billion from $12.92 billion a year ago. Western Digital has emphasized its goal to deleverage while carrying out this repurchase initiative. Recently, shares of Western Digital have risen to $46.57, marking a 5.67% increase, as the market reacts positively to these developments.

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Western Digital Unveils $2 Billion Share Repurchase Plan

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Western Digital Corp. has announced a significant $2 billion share repurchase plan aimed at boosting shareholder value. The company plans to repurchase up to $2 billion of its common stock, with at least half of these transactions slated for completion in the remainder of the current fiscal quarter. This move highlights Western Digital's commitment to returning value directly to its investors. In its fiscal second quarter of 2025, Western Digital reported a revenue of $4.29 billion, an increase of 5% from the previous quarter, along with a GAAP earnings per share of $1.63. With a market capitalization currently at approximately $21.4 billion, the repurchase plan could impact nearly 9.3% of the company's outstanding shares, according to a report by Yahoo Finance. The company's financial strategy also focuses on debt management, with long-term debt reduced to $10.99 billion from $12.92 billion a year ago. Western Digital has emphasized its goal to deleverage while carrying out this repurchase initiative. Recently, shares of Western Digital have risen to $46.57, marking a 5.67% increase, as the market reacts positively to these developments.

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