WDC · News · 20260808N

Revenue Concentration Risk

WESTERN DIGITAL CORP · 2026-08-08 · 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

• Cooper Financial Group sold 1,641 shares of Seagate and retained 1,211 shares valued at $1.17 million, reducing its stake by 57.5% in the second quarter. source
• Citigroup lowered its price target on Western Digital from $800.00 to $740.00 and Western Digital traded as low as $422.50 and last traded at $434.30 on the cited day, with 11,533,865 shares changing hands. source