Western Digital stock gains 1.96 percent as debt exit nears

Published on 09/24/2026 at 11:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Western Digital stock posted USD 3.75 billion in fiscal Q4 2026 revenue, up 44 percent year over year. Debt redemption is scheduled for November 16, 2026.

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Western Digital stock (ISIN US9581021055) stood at USD 473.69 on Nasdaq on September 23, 2026, up 1.96 percent from the previous close of USD 464.60. The move came as the data storage company prepared a USD 109.505 million convertible note redemption scheduled for November 16, 2026, according to Stock Titan.

Debt exit removes dilution risk

Western Digital plans to redeem all outstanding 3.00 percent convertible senior notes due in 2028 at 100 percent of principal plus accrued interest. The filing gives holders until November 12, 2026, to convert, while the redemption date follows four days later.

The capital structure effect matters because the notes carry a conversion rate of 26.5231 shares per USD 1,000 of principal. A completed redemption would therefore remove a defined source of potential dilution, although the filing says substantially all notes are expected to be converted before redemption.

Revenue reaches USD 3.75 billion

Western Digital generated USD 3.75 billion of revenue in fiscal Q4 2026, up 44 percent year over year, while non-GAAP diluted EPS reached USD 3.56, according to the fiscal results filing dated August 5, 2026. Cash flow from operations totaled USD 1.389 billion in the quarter.

The comparison with the prior year is material: GAAP diluted EPS rose to USD 8.21 from USD 0.67, while fiscal 2026 revenue reached USD 12.919 billion, up 36 percent year over year. The company also reported zero long-term debt at fiscal year-end, down from USD 2.485 billion.

Q1 guidance sets the next test

For fiscal Q1 2027, Western Digital guided to revenue of USD 4.1 billion plus or minus USD 100 million, non-GAAP gross margin of 55 percent to 56 percent, and adjusted EPS of USD 4.00 plus or minus USD 0.15. That outlook places operating execution alongside the debt transaction as the next measurable checkpoint.

Western Digital stock stood at USD 473.69 on Nasdaq on September 23, 2026. Its 52-week range was USD 105.42 to USD 799.87, leaving the latest price below the yearly high while the 1.96 percent daily gain provided a positive short-term comparison.