WDC · 8-K · 20260805PR053305
Acquisitions and Divestitures
WESTERN DIGITAL CORP · 2026-08-05 · Importance 71 · Surprise 60 · In source text
Western Digital completed the separation of its Flash business into Sandisk Corporation on February 21, 2025. Sandisk’s post-separation financial and operating results are no longer consolidated in WD’s results, while prior-period results are presented as discontinued operations. The separation also included $1.366 billion of cash transferred to Sandisk during fiscal 2026, and WD retained an ownership interest that generated a $6.498 billion fiscal-year mark-to-market gain.
Key facts
- Gain on retained interest in Sandisk recognized in Q4FY26: $(2,050) million (a gain recorded as negative adjustment in reconciliation), and for year ended July 3, 2026: $(6,498) million source
- Net proceeds from business divestiture for the year ended July 3, 2026: $0 in Q4 and $401 million for prior period activity reflected elsewhere source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +173.4% | Gain on retained interest in Sandisk recognized in Q4FY26: $(2,050) million (a gain recorded as negative adjustment in reconciliation),… |