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Western Digital10-Q: Divestiture

Convertible debt feature triggered, reclassifying $1.6B notes as a current liability

What happened

A conditional conversion feature on $1.6 billion of convertible notes was triggered, forcing the company to reclassify the entire amount as a current liability. This creates significant short-term financial pressure and complexity for the CFO, likely requiring cash management planning, and evaluation of settlement or refinancing options.

Source

SEC EDGARApr 30, 2026

Quarterly report (Form 10-Q)

Western Digital 10-Q

Filing excerpt

The sale price conditional conversion feature of the 2028 Convertible Notes was triggered during the calendar quarter ended March 31, 2026 and, accordingly, the holders of the 2028 Convertible Notes have the right to convert the notes during the succeeding calendar quarter ending June 30, 2026.

sec.gov/Archives/edgar/data/106040/000162828026029054/wdc-20260403.htmRead the full source

Other signals in this filing (7)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Divestiture

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
04/03
Filed
Apr 30, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$1.6B (Principal amount of convertible notes reclassified as current debt)

Details

CIK
106040
Accession number
0001628280-26-029054
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Carve-out support needed
Signal category
Strategic

Extraction

Confidence
High
Relevance
75%
Sentiment
Negative
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
divestiture

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/ea64d7bb-8ca8-48e1-9ae8-7249785af98e returns this record as JSON. POST /v1/companies/enrich returns every signal for westerndigital.com.

{
  "signal_id": "ea64d7bb-8ca8-48e1-9ae8-7249785af98e",
  "signal_type": "sec-10q",
  "signal_subtype": "divestiture",
  "detected_at": "2026-05-05T08:48:21.371+00:00",
  "company": {
    "name": "Western Digital",
    "domain": "westerndigital.com"
  },
  "data": {
    "detail": "A conditional conversion feature on $1.6 billion of convertible notes was triggered, forcing the company to reclassify the entire amount as a current liability. This creates significant short-term financial pressure and complexity for the CFO, likely requiring cash management planning, and evaluation of settlement or refinancing options.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Principal amount of convertible notes reclassified as current debt",
      "dollar_millions": 1600
    },
    "summary": "Convertible debt feature triggered, reclassifying $1.6B notes as a current liability",
    "excerpts": "The sale price conditional conversion feature of the 2028 Convertible Notes was triggered during the calendar quarter ended March 31, 2026 and, accordingly, the holders of the 2028 Convertible Notes have the right to convert the notes during the succeeding calendar quarter ending June 30, 2026.",
    "relevance": 0.75,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/106040/000162828026029054/wdc-20260403.htm",
    "filing_date": "2026-04-30",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "04/03",
    "sales_relevance": "Carve-out support needed",
    "signal_category": "strategic"
  }
}

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