secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN DIGITAL CORP (WDC)
CIK:        0000106040
Form:       8-K/A
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0000106040-25-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WDC files pro forma financials for HDD business after Sandisk spin-off; H1 FY2025 net income $634M
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- Spin-off completed Feb 21, 2025; WDC distributed 80.1% of Sandisk shares, retains 19.9% stake.
- Pro forma H1 FY2025 (Dec 27, 2024): revenue $4.621B, net income from continuing ops $653M, diluted EPS $1.78.
- Pro forma FY2024: revenue $6.317B, net loss $789M, diluted EPS ($2.42); FY2023: revenue $6.255B, net loss $896M.
- WDC received ~$1.445B from Sandisk; pro forma long-term debt reduced to $5.786B from $7.216B.
- Management expects ~$270M annual cost savings; H1 FY2025 pro forma EPS after adjustments: $1.97.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106040/000010604025000012/0000106040-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106040/000010604025000012/wdc-20250220.htm
  HTML page:      https://secwatch.observer/filing/0000106040-25-000012

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