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Western Digital Corporation ($WDC) has faced significant challenges in its current quarter, with management indicating at a recent conference that pricing pressures are worse than expected. The company, which derives 80% of its revenues from client and consumer markets, is experiencing weakness in the PC and mobile segments, despite strong demand in the cloud sector. This has led to a decline in stock value, with shares dropping 6% following the conference remarks. Analysts suggest that the legacy NAND pricing pressure is a key factor contributing to these challenges. While the company remains optimistic about a recovery in 2025, the immediate outlook appears cautious.
Western Digital $WDC says current quarter facing more pricing headwinds than expected, driven by legacy NAND price pressure. Despite strong cloud demand, weakness in PCs and mobile (80% of revenues tied to client/consumer) remains a challenge. Optimistic for recovery in 2025 as…
$WDC has been at sev confs past few weeks and finally (I guess) had enough data mid Dec to talk down Cq4 numbers- said more pricing headwinds then exp'd- 80% of revs Client/Consumer, so strong Cloud not offsetting weakness PCs/mobile, etc (lots of legacy price pressure NAND)
$WDC EXTENDS DECLINE TO 6% AS MANAGEMENT SPEAKS AT A CONFERENCE Oh joy that sounds like some fun outlook commentary.