Free · no account · quoted from the filing

What changed in WDC's 10-K

Source: 10-K filed 2026-08-14 · compared against 10-K 2025-08-14. Every passage below is quoted verbatim from the filing itself.

Product Roadmap

This filing
which include ePMR, OptiNAND, UltraSMR, heat-assisted magnetic recording (“HAMR”) and triple stage actuators

Customer Concentration

This filing
For 2026, three customers accounted for 16%, 15%, and 13%, respectively, of our net revenue.

Sales and Distribution

This filing
We sell our products to hyperscale cloud service providers, neoclouds, computer manufacturers and OEMs... utilizing long-term agreements with certain customers.

Business Strategy

This filing
based on our core capabilities grounded in magnetics and photonics expertise and our strength in nano-feature fabrication

International Revenue

This filing
represented 60%, 55%, and 58% of our net revenue for 2026, 2025, and 2024, respectively.

Intellectual Property

This filing
approximately 4,700 active patents

Cyclicality

This filing
Although much less than in the past, our business is subject to variability of sales
What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.