Western Digital/$WDC

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About Western Digital

Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
Ticker
$WDC
Sector
Digital Hardware
Primary listing
NASDAQ
Employees
40,000

Western Digital Metrics

BasicAdvanced
$153B
17.46
$24.28
2.22
$0.55
0.14%

What the Analysts think about Western Digital

Analyst ratings (Buy, Hold, Sell) for Western Digital stock.
Analyst projections of the future price of Western Digital stock.

Bulls say / Bears say

Western Digital exited fiscal 2026 with strong operating momentum: Q4 revenue rose 44% year over year to $3.75 billion, non-GAAP gross margin reached 54.4%, and free cash flow was $1.28 billion. Management guided to approximately $4.1 billion of fiscal Q1 2027 revenue and 55%–56% non-GAAP gross margin. (wdc.gcs-web.com) (Western Digital)
AI and cloud data growth are directly supporting WD’s core HDD franchise. The company describes HDDs as offering a durable total-cost-of-ownership advantage for large-scale storage, while its high-capacity roadmap includes ePMR, OptiNAND, UltraSMR, HAMR, and triple-stage actuators. (sec.gov) (SEC)
The post-Sandisk separation leaves WD focused on a single HDD business, and fiscal 2026 demonstrated significant operating leverage: revenue increased 36%, operating income rose 91%, and non-GAAP operating margin expanded to 37.3%. The company also declared a $0.15 quarterly dividend for September 2026. (investor.wdc.com) (Western Digital)
The stock’s rally has raised the bar for execution: despite strong results and above-consensus guidance, Western Digital fell 14.6% after its August 2026 report because investors viewed the outlook as insufficient against lofty AI-storage expectations. (investing.com) (Reuters)
Revenue concentration is substantial: cloud represented 89% of fiscal 2026 revenue, while the top 10 customers represented 73% and three customers individually contributed at least 10%. A pullback in hyperscaler AI infrastructure spending or pricing pressure from major customers could therefore have an outsized impact. (sec.gov) (SEC)
WD’s growth depends on successfully transitioning to higher-capacity technologies such as HAMR; the company warns that delays, poor manufacturing yields, or technology shifts could pressure competitiveness, gross margins, and profitability. (sec.gov) (SEC)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.

Western Digital Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Western Digital Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Western Digital

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