Western Digital Corporation’s Board authorized an additional $4.0 billion for its share repurchase program. This new authorization is effective immediately. It adds to the approximately $484 million remaining under the prior buyback plan as of February 2, 2026.
CEO Irving Tan stated the expanded program shows confidence in the company’s future. Tan added the program demonstrates a commitment to shareholder value.
The announcement coincides with the company’s Innovation Day event in New York. WDC expects to detail product roadmaps for the AI-driven data economy at the event. Repurchases can be made on the open market or through privately negotiated transactions.