Western Digital Authorizes Additional $4.0 Billion of Share Repurchases
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (Nasdaq: WDC) today announced that its Board of Directors has authorized an additional $4.0 billion for share repurchases by the company pursuant to its share purchase program. As of February 2, 2026, the company had approximately $484 million remaining under the prior share repurchase authorization. The additional repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan.“The expanded $4.0 billion buyback authorization demonstrates our confidence in WD’s future and commitment to shareholder value,” said CEO Irving Tan. “Our capital allocation strategy balances reinvestment in the business, debt reduction, and capital returns to shareholders.”The amount and timing of share repurchases will depend on market conditions and other corporate considerations. The company may suspend or discontinue t
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- Western Digital (NASDAQ:WDC) had its price target raised by analysts at Mizuho from $325.00 to $340.00. They now have an "outperform" rating on the stock.MarketBeat
- Western Digital (NASDAQ:WDC) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $340.00 price target on the stock.MarketBeat
- Western Digital (WDC) Valuation Check After New AI Storage Roadmap And Capital Return Update [Yahoo! Finance]Yahoo! Finance
WDC
Earnings
- 1/29/26 - Beat
WDC
Sec Filings
- 2/4/26 - Form 4
- 2/2/26 - Form 144
- 1/30/26 - Form 10-Q
- WDC's page on the SEC website