WDC Western Digital Corporation

Western Digital Sets October 26 for Q1 Fiscal 2017 Financial Results Conference Call/Webcast

Western Digital Corp. (NASDAQ: WDC) today announced that the company plans to release its financial results for the first fiscal quarter ended Sept. 30, 2016 after the close of the market on Wednesday, Oct. 26, 2016. The investment community conference call to discuss these results will be broadcast live over the Internet that day at 2 p.m. Pacific/5 p.m. Eastern. The live and archived conference call/webcast can be accessed online at investor.wdc.com. The telephone replay number in the U.S. is 1-(855) 859-2056 or +1-(404) 537-3406 for international callers. The required passcode is 87154641.

About Western Digital

Western Digital is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed. Our products are marketed under the HGST, SanDisk and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and investor information is available on the company's Investor Relations website at investor.wdc.com.

Western Digital, WD, the HGST logo, SanDisk and G-Technology are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the U.S. and/or other countries. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners.

EN
30/09/2016

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Reports on Western Digital Corporation

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August Sales Review

Valuation: We are reiterating our OUTPERFORM rating and maintain our target price of $1,300. We base our target on a multiple of ~20X applied to our 2026E EPS (net cash). We believe this valuation is supported by TSMC's robust intermediate growth outlook (driven by demand for advanced semiconductor

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