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Home/News Feed/Western Digital expects 40% revenue growth and 75% EPS jump in Q3, driven by cloud demand and new high-capacity drives.
WDC
$488.97
-$24.87 -4.84%

Western Digital expects 40% revenue growth and 75% EPS jump in Q3, driven by cloud demand and new high-capacity drives.

Analyst Insights
29 Apr 2026
Seeking Alpha
View Source
Bullish
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Western Digital Corporation is projected to report a strong Q3 with revenue up 40% year-over-year and adjusted earnings per share rising 75% to $2.39. The growth is fueled by increased demand from cloud service providers and limited supply, alongside long-term contracts and plans to release higher-capacity storage drives, including 40TB models this year and 100TB by 2029. Despite a significant rise in valuation multiples, the company's PEG ratio remains very low, indicating strong growth prospects with manageable competition risks. This positions Western Digital as a buy for investors looking to benefit from expanding data storage needs in the cloud era.

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