WDC · News · 20260806N

Revenue Concentration Risk

WESTERN DIGITAL CORP · 2026-08-06 · Importance 50 · Surprise 24

Cloud customers represented 89% of Western Digital’s revenue according to third-party reporting. The concentration reflects the company’s exposure to hyperscale and AI data-center storage demand. Long-term customer agreements and capacity discussions were reported to extend through 2031, increasing demand visibility while reinforcing dependence on cloud infrastructure customers.

Key facts

• Chapin Davis Inc. reduced its Seagate stake by 24.1% in the second quarter, leaving Seagate valued at $25.57 million as its second-largest holding. source