Jin Rong Jie·2026-02-20 02:47Group 1 - Western Digital plans to sell part of its stake in subsidiary SanDisk through a secondary offering, with a total transaction size of approximately $3.09 billion, equivalent to about 21.3 billion RMB [1] - The sale involves approximately 5.8 million shares at a final price of $545 per share, representing a discount of about 7.7% from SanDisk's previous closing price [1] - This transaction is expected to significantly accelerate Western Digital's deleveraging process, potentially leading the company towards a net cash position [1] Group 2 - In its Q2 FY2026 earnings report, Western Digital reported a revenue increase of 25% year-over-year to $3.02 billion, with a gross margin rise from 38.4% to 46.1% [2] - The net profit surged by 209% year-over-year to $1.842 billion, with adjusted earnings per share reaching $2.13, exceeding market expectations [2] - The CEO highlighted that the demand for HDDs is expected to grow structurally due to AI inference applications, which generate massive data requiring cost-effective storage solutions [2]