Western Digital reported strong fiscal Q4 results with adjusted earnings of $3.56 per share on $3.75 billion revenue, surpassing Wall Street estimates. Revenue grew 44% year-over-year, and margins expanded, reflecting robust demand for data storage. However, shares fell 11% as the company’s fiscal Q1 2027 margin outlook of 55%-56% was seen as conservative compared to rival Seagate’s higher expectations. Western Digital remains confident in long-term growth driven by cloud and data-intensive workloads, expecting continued margin expansion and strong free cash flow.
Memory stocks, including SanDisk, Western Digital, and Micron, are experiencing sharp declines, with SanDisk down 8%, Western Digital 7%, and Micron 6%. The selloff is driven by concerns over increased competition from Chinese memory makers and worri...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
Jim Cramer highlighted SanDisk and Western Digital as risky stocks despite their strong year-to-date gains, warning that a slowdown in data center expansion could sharply reduce their profits. Both companies depend heavily on hyperscalers' spending o...
Western Digital's stock has dropped 50%, driven by sector-wide concerns rather than company-specific issues. Despite this, the company projects 45% revenue growth, a gross margin of 55-56%, and $4.00 earnings per share, signaling strong fundamentals....
