Thomas O'Malley's questions to Western Digital Corp (WDC) leadership • Q2 2025
Question
Thomas O'Malley asked for an update on the CapEx outlook for the NAND business, given the current utilization cuts and mid-cycle pause. He also asked if Western Digital has an internal framework for its maximum HDD exabyte capacity, similar to what competitors have shared.
Answer
CFO Wissam Jabre stated that the company's disciplined approach to CapEx remains unchanged, with the next significant investment tied to future technology node ramps. Incoming Western Digital CEO Tiang Yew Tan declined to provide a specific HDD capacity ceiling, emphasizing the focus on maintaining supply-demand balance and prudent capital management.