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Western Digital posts 44% revenue growth with strong cloud segment and solid future storage tech plans.

Company Fundamentals
11 Aug 2026
Seeking Alpha
View Source
Bullish
Western Digital posts 44% revenue growth with strong cloud segment and solid future storage tech plans.

Western Digital reported a strong quarter with 44% year-over-year revenue growth, driven mainly by its cloud storage segment which now leads its revenue. The company saw a 22% increase in exabyte shipments and maintained strong pricing power, resulting in good operating leverage. Despite concerns over Seagate's HAMR technology, Western Digital is advancing its own 40TB ePMR drives and plans to release a 44TB HAMR drive by the first half of 2027, reducing long-term risks. The stock is considered fairly valued around $435, with strong demand for AI-driven storage supporting a buy-the-dip strategy amid short-term volatility.

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