Western Digital Corp. (WDC) announced Tuesday that its Board of Directors has authorized a new $2.0 billion share repurchase program.
On the Nasdaq, the shares were gaining around 2 percent to trade at $47.49.
The repurchase authorization is effective immediately. The company noted that the share repurchases may be made on the open market or in privately negotiated transactions. The amount and timing of share repurchases will depend on market conditions and other corporate considerations. Irving Tan, Chief Executive Officer of Western Digital, said, "The share repurchase program underscores our strong confidence in Western Digital's future, the depth of our product portfolio, and the long-term value we see in our business."
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.