Western Digital Authorizes Additional $4.0 Billion of Share Repurchase

Western Digital Corporation announced that its Board of Directors has authorized an additional $4.0 billion for share repurchases by the company pursuant to its share purchase program.As of February 2, 2026, the company had approximately $484 million remaining under the prior share repurchase authorization. The additional repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan.

“The expanded $4.0 billion buyback authorization demonstrates our confidence in WD’s future and commitment to shareholder value,” said Irving Tan, CEO, Western Digital. “Our capital allocation strategy balances reinvestment in the business, debt reduction, and capital returns to shareholders.”

The amount and timing of share repurchases will depend on market conditions and other corporate considerations. The company may suspend or discontinue the share repurchase program at any time.