Western Digital is benefiting from the rising demand for large-capacity, cost-effective storage driven by AI growth, especially in the hard disk drive (HDD) market. Nearly 90% of its revenue now comes from cloud-related business, supported by long-term contracts that secure pricing visibility through 2031. The company is advancing its next-generation HAMR technology with 44TB and 50TB drives expected to fuel shipment growth through fiscal year 2027. Trading at a more attractive valuation of 22.9 times forward earnings, down from over 40 times earlier in the year, Western Digital is positioned for continued growth as AI adoption expands.
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...
