Western Digital (WDC) has delivered a 114% return since March, driven by strong demand for AI storage solutions and impressive Q3 FY26 financial results. The company has improved its financial health, becoming net cash positive through significant debt reduction, increased share buybacks, and a solid capital return program. Demand remains exceptionally strong with full capacity booked through 2026 and long-term agreements extending to 2029, alongside rising prices due to supply-demand imbalances. Despite a high valuation, analysts maintain a Buy rating, citing a multi-year growth cycle, disciplined capital expenditure, and key advancements in HAMR technology as growth drivers.
Western Digital expects its fiscal second-quarter revenue to grow 66% to 72% year-on-year, following a 55% increase in first-quarter sales to $4.38 billion. The company anticipates adjusted gross margins of 60% to 61% and adjusted earnings per share ...
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...
