Fall 2026
Global data storage hardware and solutions
$26 - $30/hr
Company Historically Provides H1B Sponsorship
San Jose, CA, USA
In Person
On-site in San Jose, CA.
Bachelor's, Master's
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Western Digital designs and manufactures data storage hardware and software, including network-attached storage (NAS), storage area networks (SAN), and private cloud infrastructure. These products work by using all-flash arrays for high-speed data processing and multiple host ports to allow for parallel performance in clustered business environments. Unlike many competitors, the company offers a specialized JetStor brand that balances high-performance capabilities with cost-effective pricing for both small businesses and large enterprises. Their goal is to provide reliable, high-capacity storage solutions that help organizations manage and protect their digital information efficiently.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Jose, California
Founded
2014
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Paid sick leave & vacation time
Medical/dental/vision insurance
Life, accident, & disability insurance
Tax-advantaged flexible spending and health savings accounts
Employee assistance program
Tuition reimbursement
Employee stock purchase plan
Western Digital Savings 401(k) Plan
Western Digital reported fourth-quarter fiscal 2026 sales of $3.75 billion and net income of $3.20 billion, with full-year sales reaching $12.92 billion and net income of $9.42 billion. The company declared a $0.15 per share cash dividend payable in September 2026. Management disclosed that AI customers are negotiating multi-year storage agreements extending up to five years. These contracts aim to provide longer-term demand visibility as data-intensive AI workloads expand. The company's narrative projects $27.9 billion revenue and $10.7 billion earnings by 2029, requiring 33.3% yearly revenue growth. Despite the positive AI-driven demand signals, concentration risk remains if major hyperscale customers alter their purchasing strategies.
Memory sector stocks have fallen sharply from recent highs, with Western Digital and SK Hynix down over 30%, whilst Silicon Motion and Samsung have dropped more than 20%. Western Digital trades roughly 35% to 40% below its intraday high of around $800. The company reported fiscal Q3 revenue of $3.3 billion, up 45% year-over-year, with earnings per share nearly doubling. Management guided Q4 revenue to $3.65 billion at the midpoint. Silicon Motion closed around $246, down roughly 25% from its 52-week high near 355. The company posted Q1 net sales of $342.1 million, up 23% sequentially and 105% year-over-year. SK Hynix shares plunged over 15% in a single session in July and now sit more than 20% below recent highs.
Western Digital reported strong fiscal fourth-quarter results on 5 August, with revenue of $3.75 billion, up 44% year-over-year, and adjusted earnings per share of $3.56, beating estimates by nearly 8%. Despite this performance, shares fell as much as 16% over two sessions. Bank of America maintained its Buy rating but lowered its price target, noting a shift in Western Digital's business model. Exabyte shipment growth came in at 22% year-over-year, below expectations, whilst pricing rose in the high teens year-over-year. The pricing power stems from AI-driven demand. Training runs and inference requests generate data primarily stored on hard drives due to lower costs versus flash memory. Western Digital has secured long-term customer agreements extending through 2031.
Western Digital shares fell approximately 12% on Thursday despite reporting fiscal fourth-quarter results and first-quarter guidance that exceeded Wall Street expectations. The data storage company posted fourth-quarter revenue of $3.75 billion, up 44% year-over-year, with adjusted earnings of $3.56 per share, both surpassing analysts' estimates. Western Digital projected first-quarter revenue of $4.0 billion to $4.2 billion and adjusted earnings of $3.85 to $4.15 per share, topping consensus forecasts. The company expects adjusted gross margins of 55% to 56% in the current quarter. The share price decline appeared to reflect profit-taking after the stock had rallied roughly 176% this year, with investors locking in gains rather than reacting to the underlying results.
Stock futures point to a mixed open following another Dow record high. Futures tied to the Dow Jones Industrial Average and S&P 500 rose 0.2% and 0.1%, whilst tech-heavy Nasdaq futures fell 0.6%, weighed down by memory chip stocks. SpaceX faces potential volatility as its first lock-up period expires, freeing over 900 million shares from trading restrictions. The stock rose 2% in premarket trading after dropping 14% yesterday to its lowest close. Sandisk and Western Digital shares plunged 11% and 14% respectively despite beating quarterly estimates. Both memory chip makers issued disappointing guidance, with Sandisk's revenue and profit outlook falling short of analyst expectations. Moderna shares gained following FDA approval for its mRNA-based flu shot. WTI oil futures rose 1% to $76 per barrel.