WD rebranding bet pays off with massive $3 billion AI surge [Yahoo! Finance]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
The company, which is ditching its legacy nameplate and rebranding as WD, recently announced its second-quarter fiscal year 2026 earnings , sparking bullish sentiment from analysts and boosting investor confidence this week. WD also reinforced its optimism on accelerating hard disk drive (HDD) demand from AI-heavy data centers. In its earnings report, WD reported $3 billion in revenue , up 25% year over year. That was more than the Wall Street consensus of $2.7bn, and significantly better growth than a legacy hard drive maker would typically expect. The Non-GAAP diluted EPS came in at $2.13, while the GAAP diluted EPS was $4.73. In terms of cash flow, WD reported $745 million in operating cash flow and $ 653 million in free cash flow , and noted that it returned more than 100% of free cash flow to shareholders through stock repurchases and dividends The company reported delivering 215 exabytes to its customers, up 22% year-over-year, including 3.5 million drives or 103 exabyt
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News
- A $4 Billion Reason to Buy Western Digital Stock Now [Yahoo! Finance]Yahoo! Finance
- Western Digital's Innovation Day announcements reinforce Morgan Stanley's conviction [Seeking Alpha]Seeking Alpha
- Western Digital (NASDAQ:WDC) had its price target raised by analysts at Mizuho from $325.00 to $340.00. They now have an "outperform" rating on the stock.MarketBeat
- Western Digital (NASDAQ:WDC) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $340.00 price target on the stock.MarketBeat
- Western Digital (WDC) Valuation Check After New AI Storage Roadmap And Capital Return Update [Yahoo! Finance]Yahoo! Finance
WDC
Earnings
- 1/29/26 - Beat
WDC
Sec Filings
- 2/4/26 - Form 4
- 2/2/26 - Form 144
- 1/30/26 - Form 10-Q
- WDC's page on the SEC website