Overview
- CEO Irving Tan said Western Digital is "pretty much sold out" of hard-drive capacity for calendar 2026.
- The company has firm purchase orders with its top seven customers and long-term agreements covering portions of 2027 and 2028.
- Cloud customers accounted for roughly 89% of revenue, with consumer sales near 5%, highlighting a pronounced enterprise tilt.
- Industry reporting notes hard-drive prices are at a two-year high as AI and hyperscaler demand constrains supply.
- Western Digital’s focus on enterprise storage continues, with longer-term capacity expansions outlined on its public roadmap.