Western Digital authorizes $4 billion share repurchase program

Western Digital Corporation (NASDAQ: WDC) announced its board of directors has authorized an additional $4.0 billion for share repurchases under its existing share purchase program.

The San Jose-based storage technology company had approximately $484 million remaining under its prior share repurchase authorization as of February 2, 2026. The new authorization is effective immediately and brings the total available repurchase capacity to $4.484 billion.

Share repurchases may be conducted through open market transactions or privately negotiated deals, and may be executed under a Rule 10b5-1 plan, according to the company's statement.

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

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

Western Digital designs and manufactures data storage devices and solutions for personal computers, data centers, and enterprise storage systems.

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