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Home/News Feed/Western Digital's AI-driven HDD demand boosts revenue 45% in Q3, with strong cash flow and contracts through 2029.
WDC
$494.94
-$18.90 -3.68%

Western Digital's AI-driven HDD demand boosts revenue 45% in Q3, with strong cash flow and contracts through 2029.

Analyst Insights
23 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Western Digital has become a leading pure-play hard disk drive (HDD) company, benefiting from increased demand driven by AI and hyperscale cloud providers. In the third quarter, the company reported a 45% year-over-year revenue increase, a gross margin of 50.5%, and free cash flow of $978 million. With 90% of its revenue coming from cloud customers and firm purchase orders secured through 2029, Western Digital is positioned for durable earnings and margin growth. The stock is rated a buy, though investors are advised to consider adding shares during price pullbacks due to current valuation and technical factors.

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