A data drive that reports almost all of its capacity as free after an update is one of the more alarming symptoms of a feature upgrade. In most cases nothing has been deleted: the volume was remounted under another letter, the original volume is still present but offline, or the letter now points at a different, nearly empty partition.
A feature upgrade rewrites the storage stack, re-enumerates devices, and rebuilds the mount manager database. A volume that used to take a particular letter can lose it, and the letter can be handed to a different volume during the same boot.
The second pattern is an offline volume. The disk is detected, the partition table is intact, but the volume is not mounted, so Explorer shows nothing under that letter while Disk Management shows the volume without a drive letter.
The third pattern is the dangerous one: a partition was actually removed or replaced during the upgrade or by a cleanup pass. Even then, the data area is usually still on the disk and recoverable, as long as nothing new is written to it.
Right-click Start and open Disk Management. Compare the capacity of every volume with what you remember. A volume of the right size with no letter is your data, and the letter that shows an empty drive belongs to something else.
Decline any prompt to initialise the disk. Initialising writes a new partition table and removes the last pointer to the old file system.
If the volume is present but marked RAW, or if the disk is unallocated, stop treating it as a letter problem. That is the case for a scan rather than for reassigning a letter.
Assign the correct letter again and open the volume. If the folders appear, the incident is closed and you can take a backup at once.
If the volume mounts but is empty, or returns an error when opened, remove the letter and leave the volume alone. Every write, including a check or a repair, reduces what a scan can find.
Do not format the volume to make it usable again. A format is the one action that turns a recoverable situation into an unrecoverable one.
Qiling Deep Data Recovery reads the partition at the level below the file system, so it can list files from a volume that Windows shows as RAW, unallocated, or empty.
Use Fast Scan when the volume still mounts but appears empty, and Format Scan when Disk Management reports the volume as RAW or shows only unallocated space.
Pick the disk by capacity and position. Do not select the disk that will receive the recovered files, and confirm the model when two similar drives are fitted.
Switch to folder view and look for the original top-level folders. A folder tree that returns intact is the clearest sign that the file system survived the upgrade.
Write the results to another disk, then decide whether to rebuild the volume or copy the data back after a clean format.
Usually not. Most cases are a lost drive letter or an offline volume. Confirm in Disk Management before you assume deletion.
That is a nearly empty volume. Either it is a different partition that inherited the letter, or the file system is no longer being read.
No. Initialising destroys the existing partition table. Recover the data first and rebuild the layout afterwards.
A rollback restores the previous installation and its mounts, which can restore letters. It does not restore a deleted partition, so check the volume state first.
For a related case where a mounted image has no letter at all, see 26H2 ISO mounts without a drive letter.