Western Digital shares fall 9% after earnings miss [MarketWatch]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: MarketWatch
Western Digital Corp. shares fell 9.4% in the extended session Thursday after the tech company missed earnings expectations and issued lower-than-expected earnings guidance. The company reported fiscal third-quarter net income of $17 million, or 6 cents a share, versus a net loss of $581 million, or $1.99 a share, in the year-ago period. Adjusted earnings were 85 cents a share compared with 17 cents a share a year ago. Revenue rose to $4.18 billion from $3.67 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 92 cents a share on revenue of $4.18 billion. The company said that its desktop hard drive and smart video hard drive demand was weaker because of the COVID-19 pandemic. Falling retail sales due to the pandemic also hurt the company's sales towards the end of the quarter. The company said it expects adjusted earnings of $1 to $1.40 a share on sales of $4.24 billion to $4.45 billion; analysts model adjusted earnings of $1.21 a share on
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News
- Western Digital (NASDAQ:WDC) is now covered by analysts at China Renaissance. They set a "buy" rating and a $193.00 price target on the stock.MarketBeat
- Hard-Drive Makers Are the Real AI Winners. Expect More Gains, Citi Says. [Yahoo! Finance]Yahoo! Finance
- Western Digital Corporation (WDC) Presents at UBS Global Technology and AI Conference 2025 Transcript [Seeking Alpha]Seeking Alpha
- Western Digital (NASDAQ:WDC) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Western Digital (NASDAQ:WDC) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
WDC
Earnings
- 10/30/25 - Beat
WDC
Sec Filings
- 12/5/25 - Form 144
- 12/4/25 - Form 144
- 12/4/25 - Form 144
- WDC's page on the SEC website