Subtext

Western Digital Corporation WDC

SectorInformation Technology
Transcripts64
Date range2008-10-23 – 2025-04-30
Calls charted64

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-22-11+0+11+222009 Q12011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42009 Q1 · Overall: +6.22009 Q2 · Overall: +0.52009 Q3 · Overall: +6.02009 Q4 · Overall: +3.72010 Q1 · Overall: +7.12010 Q2 · Overall: +6.02010 Q4 · Overall: +3.42011 Q3 · Overall: +0.92011 Q4 · Overall: +0.72012 Q1 · Overall: -1.82012 Q2 · Overall: +0.52012 Q3 · Overall: +6.32012 Q4 · Overall: +6.72013 Q1 · Overall: +2.62013 Q2 · Overall: +5.82013 Q3 · Overall: +4.12013 Q4 · Overall: +6.12014 Q1 · Overall: +1.42014 Q2 · Overall: +1.02014 Q3 · Overall: +3.22014 Q4 · Overall: +11.42015 Q1 · Overall: +6.32015 Q2 · Overall: -1.32015 Q3 · Overall: +3.32015 Q4 · Overall: -2.32016 Q1 · Overall: -0.72016 Q2 · Overall: -1.92016 Q3 · Overall: -0.42016 Q4 · Overall: +4.62017 Q1 · Overall: +14.82017 Q2 · Overall: +11.02017 Q3 · Overall: +14.32017 Q4 · Overall: +15.32018 Q1 · Overall: +10.62018 Q2 · Overall: +7.42018 Q3 · Overall: +10.02018 Q4 · Overall: +3.02019 Q1 · Overall: -3.72019 Q2 · Overall: +1.72019 Q3 · Overall: +6.62019 Q4 · Overall: +9.42020 Q1 · Overall: +9.22020 Q2 · Overall: +12.42020 Q3 · Overall: +7.42020 Q4 · Overall: -3.52021 Q1 · Overall: +2.72021 Q2 · Overall: +10.32021 Q3 · Overall: +15.82021 Q4 · Overall: +15.52022 Q1 · Overall: -0.62022 Q2 · Overall: +7.52022 Q3 · Overall: +7.92022 Q4 · Overall: +8.12023 Q1 · Overall: +0.52023 Q2 · Overall: -2.12023 Q3 · Overall: -0.22023 Q4 · Overall: +0.82024 Q1 · Overall: +10.62024 Q2 · Overall: +10.52024 Q3 · Overall: +13.22024 Q4 · Overall: +19.22025 Q1 · Overall: +11.12025 Q2 · Overall: +10.82025 Q3 · Overall: +9.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-36-18+0+18+362009 Q12011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42009 Q1 · CEO: +13.42009 Q2 · CEO: +9.92009 Q3 · CEO: +13.42009 Q4 · CEO: +3.92010 Q1 · CEO: +14.42010 Q2 · CEO: +12.92010 Q4 · CEO: +13.52011 Q3 · CEO: +5.52011 Q4 · CEO: +2.92012 Q1 · CEO: +3.32012 Q2 · CEO: +9.22012 Q3 · CEO: +20.32012 Q4 · CEO: +24.22013 Q1 · CEO: +18.12013 Q3 · CEO: +17.72013 Q4 · CEO: +13.12014 Q1 · CEO: +9.32014 Q3 · CEO: +7.92014 Q4 · CEO: +24.22015 Q1 · CEO: +12.22015 Q3 · CEO: +11.22015 Q4 · CEO: +14.12016 Q1 · CEO: +9.02016 Q2 · CEO: +1.42016 Q3 · CEO: +4.32016 Q4 · CEO: +8.82017 Q1 · CEO: +20.12017 Q2 · CEO: +9.92017 Q4 · CEO: +22.02018 Q2 · CEO: +8.82018 Q3 · CEO: +18.92018 Q4 · CEO: +3.02019 Q1 · CEO: +4.82019 Q2 · CEO: +0.92019 Q3 · CEO: +12.52019 Q4 · CEO: +22.82020 Q1 · CEO: +14.72020 Q2 · CEO: +15.42020 Q3 · CEO: +17.22020 Q4 · CEO: +4.22021 Q1 · CEO: +11.72021 Q2 · CEO: +19.82021 Q3 · CEO: +25.32021 Q4 · CEO: +23.82022 Q1 · CEO: +9.02022 Q2 · CEO: +15.42022 Q3 · CEO: +18.42022 Q4 · CEO: +17.92023 Q1 · CEO: +12.12023 Q2 · CEO: +9.32023 Q3 · CEO: +12.62023 Q4 · CEO: +16.92024 Q1 · CEO: +29.72024 Q2 · CEO: +20.82024 Q3 · CEO: +25.62024 Q4 · CEO: +31.02025 Q1 · CEO: +18.32025 Q2 · CEO: +23.82025 Q3 · CEO: +20.32009 Q1 · CFO: +5.92009 Q2 · CFO: -9.82009 Q3 · CFO: +0.42009 Q4 · CFO: +13.92010 Q1 · CFO: +15.42010 Q2 · CFO: +11.52010 Q4 · CFO: -0.82011 Q3 · CFO: +0.62011 Q4 · CFO: -8.42012 Q1 · CFO: -4.92012 Q2 · CFO: -0.62012 Q3 · CFO: -4.62012 Q4 · CFO: +6.02013 Q1 · CFO: -4.32013 Q2 · CFO: +6.72013 Q3 · CFO: +5.42013 Q4 · CFO: +14.52014 Q1 · CFO: +6.32014 Q3 · CFO: +5.62014 Q4 · CFO: +3.92015 Q1 · CFO: +4.02015 Q3 · CFO: -26.42015 Q4 · CFO: -10.42016 Q1 · CFO: +4.82017 Q1 · CFO: +17.12017 Q2 · CFO: +28.92017 Q3 · CFO: +24.12017 Q4 · CFO: +27.32018 Q1 · CFO: +19.72018 Q2 · CFO: +12.02018 Q3 · CFO: +8.02018 Q4 · CFO: +13.62019 Q1 · CFO: +3.42019 Q2 · CFO: -4.52019 Q3 · CFO: +5.52019 Q4 · CFO: +2.32020 Q1 · CFO: +3.02020 Q2 · CFO: +10.82020 Q3 · CFO: +0.52020 Q4 · CFO: -5.72021 Q1 · CFO: +0.42021 Q2 · CFO: +9.52021 Q3 · CFO: +13.42021 Q4 · CFO: +15.92022 Q1 · CFO: +4.92022 Q2 · CFO: +2.92022 Q3 · CFO: -1.72022 Q4 · CFO: +3.82023 Q1 · CFO: -3.12023 Q2 · CFO: -11.72023 Q3 · CFO: -11.42023 Q4 · CFO: -18.42024 Q1 · CFO: -2.82024 Q2 · CFO: +0.62024 Q3 · CFO: +14.12024 Q4 · CFO: +17.82025 Q1 · CFO: +12.72025 Q2 · CFO: +7.22025 Q3 · CFO: +10.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-45-22+0+22+452009 Q12011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42009 Q1 · Prepared remarks: +5.82009 Q2 · Prepared remarks: -6.22009 Q3 · Prepared remarks: -2.12009 Q4 · Prepared remarks: +13.92010 Q1 · Prepared remarks: +17.22010 Q2 · Prepared remarks: +18.92010 Q4 · Prepared remarks: +10.32011 Q3 · Prepared remarks: +2.22011 Q4 · Prepared remarks: +2.42012 Q1 · Prepared remarks: -1.72012 Q2 · Prepared remarks: +0.52012 Q3 · Prepared remarks: +8.32012 Q4 · Prepared remarks: +17.22013 Q1 · Prepared remarks: +22.62013 Q2 · Prepared remarks: +21.22013 Q3 · Prepared remarks: +18.92013 Q4 · Prepared remarks: +14.82014 Q1 · Prepared remarks: +20.02014 Q2 · Prepared remarks: +8.42014 Q3 · Prepared remarks: +11.82014 Q4 · Prepared remarks: +20.52015 Q1 · Prepared remarks: +8.72015 Q2 · Prepared remarks: +8.42015 Q3 · Prepared remarks: +6.52015 Q4 · Prepared remarks: +10.92016 Q1 · Prepared remarks: +7.62016 Q2 · Prepared remarks: +4.12016 Q3 · Prepared remarks: +3.02016 Q4 · Prepared remarks: +12.32017 Q1 · Prepared remarks: +30.82017 Q2 · Prepared remarks: +26.32017 Q3 · Prepared remarks: +25.72017 Q4 · Prepared remarks: +24.72018 Q1 · Prepared remarks: +19.02018 Q2 · Prepared remarks: +17.52018 Q3 · Prepared remarks: +19.32018 Q4 · Prepared remarks: +17.82019 Q1 · Prepared remarks: +2.62019 Q2 · Prepared remarks: +19.52019 Q3 · Prepared remarks: +19.42019 Q4 · Prepared remarks: +10.12020 Q1 · Prepared remarks: +17.62020 Q2 · Prepared remarks: +27.42020 Q3 · Prepared remarks: +17.02020 Q4 · Prepared remarks: +14.42021 Q1 · Prepared remarks: +13.72021 Q2 · Prepared remarks: +17.52021 Q3 · Prepared remarks: +27.82021 Q4 · Prepared remarks: +22.22022 Q1 · Prepared remarks: +29.32022 Q2 · Prepared remarks: +18.42022 Q3 · Prepared remarks: +19.72022 Q4 · Prepared remarks: +14.22023 Q1 · Prepared remarks: +12.72023 Q2 · Prepared remarks: +3.12023 Q3 · Prepared remarks: +6.42023 Q4 · Prepared remarks: +10.12024 Q1 · Prepared remarks: +16.72024 Q2 · Prepared remarks: +20.32024 Q3 · Prepared remarks: +38.92024 Q4 · Prepared remarks: +36.22025 Q1 · Prepared remarks: +32.22025 Q2 · Prepared remarks: +23.62025 Q3 · Prepared remarks: +20.72009 Q1 · Q&A responses: +7.82009 Q2 · Q&A responses: +5.82009 Q3 · Q&A responses: +13.52009 Q4 · Q&A responses: +1.22010 Q1 · Q&A responses: +11.02010 Q2 · Q&A responses: +6.22010 Q4 · Q&A responses: -0.72011 Q3 · Q&A responses: -0.32011 Q4 · Q&A responses: +0.32012 Q1 · Q&A responses: -1.72012 Q2 · Q&A responses: +6.32012 Q3 · Q&A responses: +7.22012 Q4 · Q&A responses: +4.92013 Q1 · Q&A responses: -1.82013 Q2 · Q&A responses: +9.82013 Q3 · Q&A responses: +3.72013 Q4 · Q&A responses: +7.42014 Q1 · Q&A responses: -0.62014 Q2 · Q&A responses: +3.32014 Q3 · Q&A responses: +6.02014 Q4 · Q&A responses: +11.62015 Q1 · Q&A responses: +6.92015 Q2 · Q&A responses: +4.12015 Q3 · Q&A responses: +4.12015 Q4 · Q&A responses: -28.62016 Q1 · Q&A responses: +6.42016 Q2 · Q&A responses: +0.02016 Q3 · Q&A responses: +3.12016 Q4 · Q&A responses: +5.22017 Q1 · Q&A responses: +8.32017 Q2 · Q&A responses: +8.02017 Q3 · Q&A responses: +8.12017 Q4 · Q&A responses: +17.42018 Q1 · Q&A responses: +6.52018 Q2 · Q&A responses: +4.12018 Q3 · Q&A responses: +10.62018 Q4 · Q&A responses: +1.02019 Q1 · Q&A responses: -0.72019 Q2 · Q&A responses: -7.62019 Q3 · Q&A responses: +5.42019 Q4 · Q&A responses: +17.22020 Q1 · Q&A responses: +13.02020 Q2 · Q&A responses: +14.62020 Q3 · Q&A responses: +9.02020 Q4 · Q&A responses: +0.52021 Q1 · Q&A responses: +2.42021 Q2 · Q&A responses: +16.82021 Q3 · Q&A responses: +18.82021 Q4 · Q&A responses: +20.92022 Q1 · Q&A responses: +6.22022 Q2 · Q&A responses: +6.62022 Q3 · Q&A responses: +7.82022 Q4 · Q&A responses: +13.42023 Q1 · Q&A responses: +3.32023 Q2 · Q&A responses: -0.52023 Q3 · Q&A responses: +4.12023 Q4 · Q&A responses: +2.52024 Q1 · Q&A responses: +18.92024 Q2 · Q&A responses: +10.62024 Q3 · Q&A responses: +12.82024 Q4 · Q&A responses: +19.02025 Q1 · Q&A responses: +8.12025 Q2 · Q&A responses: +12.62025 Q3 · Q&A responses: +13.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-3.41$5.70$14.822009 Q12011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42014 Q1: $8.482014 Q2: $8.282014 Q3: $8.462014 Q4: $8.542015 Q1: $8.742015 Q2: $8.172015 Q3: $7.062015 Q4: $6.832016 Q1: $6.312016 Q2: $4.272016 Q3: $5.022016 Q4: $7.662017 Q1: $8.922017 Q2: $12.102017 Q3: $12.292017 Q4: $12.722018 Q1: $12.972018 Q2: $13.562018 Q3: $11.782018 Q4: $7.292019 Q1: $5.372019 Q2: $3.812019 Q3: $3.852019 Q4: $4.502020 Q1: $6.522020 Q2: $6.072020 Q3: $3.992020 Q4: $4.462021 Q1: $5.722021 Q2: $8.872021 Q3: $10.552021 Q4: $9.142022 Q1: $9.072022 Q2: $9.582022 Q3: $3.562022 Q4: $1.752023 Q1: $0.402023 Q2: $-1.552023 Q3: $-2.152023 Q4: $0.432024 Q1: $4.112024 Q2: $8.012024 Q3: $8.092024 Q4: $8.07

Forward P/E

-4.4460.21124.852009 Q12011 Q42013 Q42015 Q42017 Q42019 Q42021 Q42023 Q42014 Q1: 10.122014 Q2: 11.232014 Q3: 11.572014 Q4: 12.642015 Q1: 11.192015 Q2: 11.262015 Q3: 11.502015 Q4: 8.932016 Q1: 7.312016 Q2: 10.832016 Q3: 10.362016 Q4: 8.772017 Q1: 8.602017 Q2: 7.262017 Q3: 6.972017 Q4: 6.572018 Q1: 7.962018 Q2: 6.112018 Q3: 4.962018 Q4: 5.022019 Q1: 9.122019 Q2: 10.192019 Q3: 16.502019 Q4: 12.702020 Q1: 4.482020 Q2: 7.202020 Q3: 9.712020 Q4: 11.872021 Q1: 12.472021 Q2: 8.262021 Q3: 5.522021 Q4: 6.162022 Q1: 5.322022 Q2: 5.212022 Q3: 10.782022 Q4: 20.532023 Q1: 86.522023 Q2: 54.952023 Q4: 115.932024 Q1: 15.192024 Q2: 10.022024 Q3: 7.962024 Q4: 7.87

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↓ -5.1 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↑ +4.6 fwd EPS ↓ -1.11 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -3.8 fwd EPS ↑ +3.18 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -4.7 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -3.1 fwd EPS ↑ +0.59 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↑ +2.6 fwd EPS ↓ -1.79 Tone rose while the forward EPS estimate was cut.
  • 2019 Q2 tone ↑ +5.4 fwd EPS ↓ -1.56 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +3.2 fwd EPS ↓ -0.45 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↓ -10.9 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q32025-04-30+9.9——View →
2025 Q22025-01-29+10.8——View →
2025 Q12024-10-24+11.1——View →
2024 Q42024-07-31+19.2$8.077.9View →
2024 Q32024-04-25+13.2$8.098.0View →
2024 Q22024-01-25+10.5$8.0110.0View →
2024 Q12023-10-30+10.6$4.1115.2View →
2023 Q42023-07-31+0.8$0.43115.9View →