# Who are Western Digital's customers? Who does Western Digital earn revenue from?
Canonical: https://valuechain.wiki/western-digital · Facet: customers · Updated: 2026-07-12T08:25:12.574179+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Western Digital's confirmed revenue counterparties include 마이크로소프트, 메타 플랫폼스 plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 revenue edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-07-12).

### 하이퍼스케일러 (니어라인 클라우드) (high)
- metric: Revenue $9.5B · FY2025 · FY2025 (June year-end) revenue $9.52B (+51%), net income $1.9B (vs -$33M), nearline 190EB (+32%), cloud 90%. Pure HDD after SanDisk (NAND) spin-off
- note: Nearline HDDs to hyperscalers (48% share, 199EB, 87% cloud).
- [confirms] Forbes (Tom Coughlin) (EN, research, published 2026-02-02) https://www.forbes.com/sites/tomcoughlin/2026/02/02/c4q-2025-and-2025-hard-disk-drive-industry-update/: "Coughlin C4Q2025 update: HDD industry recovers on AI-datacenter nearline demand; WD stays sold out."
- [confirms] MLQ (EN, news, published 2026-01-01) https://mlq.ai/news/v2/western-digitals-2026-hdd-production-is-sold-out-as-ai-data-centers-drive-record-results/: "Nearline HDDs to hyperscalers (48% share, 199EB, 87% cloud)."
- [confirms] Blocks & Files (EN, news, published 2025-07-31) https://blocksandfiles.com/2025/07/31/western-digital-q4-2025/: "FY2025 revenue $9.52B (+51%), net income $1.9B. FQ4 nearline 190EB (+32%), cloud 90%, 26TB CMR/32TB UltraSMR ramp. Pure nearline-HDD company after SanDisk spin-off."
- [confirms] SEC EDGAR (EN, filing, published 2025-04-01) https://www.sec.gov/Archives/edgar/data/0000106040/000010604025000020/a4ex991-pressreleaseq325.htm: "Nearline HDDs to hyperscalers (48% share, 199EB, 87% cloud)."

### 마이크로소프트 (mid)  → /microsoft.md
- note: Supplies nearline HDDs to hyperscalers like Microsoft — 2026 output sold out and locked by long-term contracts, so customer capex is volume visibility.
- [confirms] MLQ (EN, news, published 2026-01-01) https://mlq.ai/news/v2/western-digitals-2026-hdd-production-is-sold-out-as-ai-data-centers-drive-record-results/: "Nearline HDDs to hyperscalers like Microsoft (2026 sold out)."
- [confirms] SEC EDGAR (EN, filing, published 2025-04-01) https://www.sec.gov/Archives/edgar/data/0000106040/000010604025000020/a4ex991-pressreleaseq325.htm: "Nearline HDDs to hyperscalers like Microsoft (2026 sold out)."

### 메타 플랫폼스 (mid)  → /meta.md
- note: Supplies nearline HDDs to cloud players like Meta — AI-datacenter cold/warm data storage demand flows into rising EB shipments.
- [confirms] Stocktwits (EN, research, published 2026-01-01) https://stocktwits.com/news-articles/markets/equity/how-wdc-stx-stocks-became-unlikely-ai-winners-of-2025/cLIussoRENn: "Nearline HDDs to cloud like Meta."

Reverse side: https://valuechain.wiki/western-digital/suppliers.md · Ripple: https://valuechain.wiki/western-digital/ripple.md

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Full node: https://valuechain.wiki/western-digital.md · JSON: https://valuechain.wiki/western-digital.json