Western Digital Reports Mixed Q2 Ahead Of Business Split: AI Demand Bolsters Outlook

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Western Digital Reports Mixed Q2 Ahead Of Business Split: AI Demand Bolsters Outlook - Benzinga

Quick Summary:

As pointed out by the current CEO of the company, David V Goeckeler, who will eventually helm SanDisk after the split, the company witnessed strong growth in high-capacity enterprise HDDs, but its Flash business faced short-term pricing challenges.“Despite these challenges, we are strategically well-positioned to capitalize on growing long-term storage demand from ...

Western Digital, a data storage company that designs, develops, and manufactures hard disk, solid-state, and flash-based devices is going to split its Flash businesses after Feb.21, following which SanDisk’s shares will trade separately on exchanges.

Western Digital Corp., (NASDAQ:WDC) which will be splitting its business by the end of February, reported a mixed second quarter.