Western Digital Corporation
Western Digital Corporation (WDC) is a global manufacturer of data-storage products, including hard disk drives (HDDs), solid-state drives (SSDs) and flash memory solutions for consumer, enterprise and embedded markets. Investors should know WDC’s revenue depends heavily on demand for storage in PCs, data centres and consumer devices, and on volatile NAND and HDD pricing. The company benefits from scale, product breadth and partnerships across cloud and enterprise customers, but faces fierce competition from other storage vendors and semiconductor cyclical forces. Recent trends include growth in SSD adoption and enterprise storage spending, balanced against potential softness in PC markets and pricing swings. With a market capitalisation around $41.6bn, WDC can offer exposure to secular data growth but comes with earnings and market-cycle risk. This is general educational information, not personalised advice; values can fall as well as rise and past performance is not a guarantee of future returns.
Why It's Moving
WDC Stock Warning: Why Analysts See -34% Downside Risk
- CEO Irving Tan sold 20,000 shares on Feb. 2 for $5.11 million, triggering a 3.4% stock drop and sparking concerns over executive confidence despite the company's strong fundamentals.
- Analyst targets diverge sharply, with the average at $279.70 implying modest downside from $290 closes, but lows at $92.92 signaling up to 34% risk from potential overvaluation or sector pullbacks.
- Q2 results shone with 25% revenue growth to $3.02B, record 46.1% HDD margins, and a $4B buyback plus dividend hike on Feb. 2—yet put/call ratio of 1.11 points to bearish options sentiment.
WDC Stock Warning: Why Analysts See -34% Downside Risk
- CEO Irving Tan sold 20,000 shares on Feb. 2 for $5.11 million, triggering a 3.4% stock drop and sparking concerns over executive confidence despite the company's strong fundamentals.
- Analyst targets diverge sharply, with the average at $279.70 implying modest downside from $290 closes, but lows at $92.92 signaling up to 34% risk from potential overvaluation or sector pullbacks.
- Q2 results shone with 25% revenue growth to $3.02B, record 46.1% HDD margins, and a $4B buyback plus dividend hike on Feb. 2—yet put/call ratio of 1.11 points to bearish options sentiment.
When is the next earnings date for Western Digital Corporation (WDC)?
Western Digital's next earnings date is estimated for late April 2026, following the recent release of Q2 2026 results on January 29, 2026. This report will cover the fiscal Q3 2026 period, aligning with the company's quarterly pattern of late-month announcements before market open. Specific dates vary slightly across estimates, ranging from April 22 to April 30, 2026, but no official confirmation has been issued yet.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Western Digital's stock, expecting its price to rise in the future.
Financial Health
Western Digital is performing well with strong revenue and cash flow, though margins are moderate.
Dividend
Western Digital's low dividend yield of 0.12% suggests limited income from dividends. If you invested $1000 you would be paid $1.20 a year in dividends (based on the last 12 months).
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Explore BasketWhy You’ll Want to Watch This Stock
Storage market dynamics
Rising data volumes from cloud and AI can support long-term demand for storage, though revenue can fluctuate with pricing cycles and PC demand.
NAND and HDD mix
WDC’s profitability hinges on its balance of SSD (NAND) and HDD sales — diversification helps but technology shifts can change margins.
Enterprise exposure
Strong relationships with cloud and enterprise customers drive large orders, yet dependence on a few major customers can increase revenue volatility.
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