US EditionWestern Digital adds $4 billion to buyback plan as AI boosts memory chip sales
Western Digital's board approved $4 billion more for share buybacks due to rising demand and pricing for AI server memory chips, boosting its revenue outlook, the company said.
- On Feb 3, 2026, Western Digital Corporation's Board of Directors authorized an additional $4.0 billion for share repurchases, effective immediately under its share repurchase program.
- Amid rising AI storage demand, last week the company forecast fiscal third-quarter revenue and profit above expectations.
- On Feb 3, 2026, WD said repurchases may be made on the open market or in privately negotiated transactions, depending on market conditions, with $484 million remaining under prior authorization.
- Shares reacted in premarket trading, as CEO Irving Tan said the expanded authorization demonstrates confidence in WD's future and commitment to shareholder value.
- Western Digital warned of risks including tariffs and supply-chain disruptions that could affect results, and may suspend the share repurchase program at any time.
14 Articles
14 Articles
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Western Digital Designs High-Bandwidth HDDs That Quadruple I/O Speeds
Western Digital has today presented its latest effort to catch up with traditional QLC NAND Flash SSDs by improving its HDD offerings. With the latest High-Bandwidth HDDs, Western Digital has implemented two new technologies in a classical multi-platter HDD design. The first innovation comes in a form of High Bandwidth Drive Technology, which enables double the I/O bandwidth with a path to 8x the current bandwidth in the future. It relies on sim…
Hard drives are far cheaper than SSDs, but they are also slower. Western Digital wants to bring hard drives to QLC SSD levels with technical finesse.
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