Western Digital Corporation announced on February 4, 2026 that its board had authorized an additional $4 billion for share repurchases, raising the total buyback program to $12 billion. The move brings the company’s share‑repurchase authorization to $12 billion, up from the $8 billion level that had been in place prior to the announcement.
The expansion reflects management’s confidence in the firm’s cash‑flow generation and its commitment to returning capital to shareholders. With a strong free‑cash‑flow profile and a low debt burden, the company is positioned to execute the buyback without compromising its strategic investments or liquidity needs.
The announcement was made in a BusinessWire release dated 2026‑02‑04, explicitly stating the action occurred “today,” and it represents a significant capital‑allocation decision that is likely to influence investor sentiment and the company’s capital structure.
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