Western Digital stock soars 8% following Innovation Day in New York [Yahoo! Finance]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
The company presented a robust growth strategy, projecting revenue growth at a compound annual growth rate (CAGR) of more than 20%. This growth is expected to be driven primarily by nearline storage expansion, with an estimated mid-20s CAGR, alongside stable pricing in the market. Western Digital also set aggressive profitability goals, targeting gross margins above 50%, which the company plans to achieve through a strategic shift toward higher-capacity hard disk drives (HDD) and ongoing product cost improvements. The data storage giant aims to reach operating margins exceeding 40% through operating leverage. The financial outlook further includes a free cash flow margin target of more than 30%, which Western Digital expects to achieve through strong working capital management and capital expenditures ranging between 4% and 6% of revenue. Related articles Western Digital stock soars 8% following Innovation Day in New York HSBC raises silver price forecasts as market tightne
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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