Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings [Yahoo! Finance]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
capex spending ?unnerved investors, taking the shine off another round of AI-fueled blockbuster ?quarterly earnings. Micron, whose shares have climbed more than 61% this year after surging over 240% in 2025, ?said it is boosting its 2026 capital spending plan by $5 billion to meet growing demand, bringing its total investment for the current fiscal year to more than $25 billion. It added spending will rise again in 2027, with manufacturing expansion expected to drive ?construction-related costs more than $10 billion ?higher compared with 2026. The chipmaker topped Wall Street expectations for the second quarter and forecast third-quarter revenue of $33.5 billion, plus or ?minus $750 million, compared with analysts' average estimate of $24.29 billion according to data compiled by LSEG. "Investors wager that these are peak earnings and will be unsustainable," said Mike O'Rourke, chief ?market ?strategist at JonesTrading. "Micron also increased its capex ?forecast to continue t
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WDC
Earnings
- 1/29/26 - Beat
WDC
Sec Filings
- 3/19/26 - Form 4
- 3/19/26 - Form 4
- 3/19/26 - Form 4
- WDC's page on the SEC website