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Western Digital set to report Q3 FY26 earnings amid strong AI-driven HDD demand and capacity sellouts.

Company Fundamentals
29 Apr 2026
Seeking Alpha
View Source
Bullish
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Western Digital (WDC) will report its Q3 FY26 earnings following a surge in AI-driven demand for hard disk drives (HDDs), similar to recent strong results from Seagate. Seagate announced nearly full capacity sellout for calendar year 2027, while WDC's capacity is sold out through 2026 with forward agreements into 2027, reflecting robust demand from hyperscale data centers. This strong demand and industry-wide capacity constraints may lead WDC to raise its guidance for Q4 FY26 and FY27. The stock remains attractively valued at 33 times FY26 earnings per share with expected 83% growth and about 11 times forward sales, supporting a bullish outlook ahead of earnings.

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