Valued at a market cap of $43.7 billion, Western Digital Company (WDC) develops, manufactures, and sells information storage gadgets and options constructed on arduous disk drive (HDD) know-how. The San Jose, California-based firm’s product portfolio contains inner and exterior HDDs, information middle drives and platforms, moveable drives, network-attached storage (NAS) programs for residence and workplace use, and associated equipment. It is scheduled to announce its fiscal Q1 earnings for 2026 within the close to future.
Forward of this occasion, analysts count on this information storage firm to report a revenue of $1.45 per share, down 6.5% from $1.55 per share within the year-ago quarter. The corporate has met or surpassed Wall Road’s earnings estimates in three of the final 4 quarters, whereas lacking on one other event. In This autumn 2025, WDC’s EPS of $1.51 exceeded the forecasted determine by a notable margin of 11.9%.
For fiscal 2026, analysts count on WDC to report a revenue of $6.13 per share, representing a 35.3% enhance from $4.53 per share in fiscal 2025. Moreover, its EPS is predicted to develop 29.2% year-over-year to $7.92 in fiscal 2027.
Shares of WDC have rallied 151.8% over the previous 52 weeks, considerably outperforming each the S&P 500 Index’s ($SPX) 17.2% uptick and the Expertise Choose Sector SPDR Fund’s (XLK) 27.7% return over the identical time-frame.
On Sep. 29, shares of Western Digital surged 9.2% and maintained this upward momentum over the following 4 buying and selling classes, after a number of funding banks, together with Morgan Stanley (MS) and Rosenblatt Securities, sharply raised their worth targets on the inventory. The upgrades mirrored a strengthening marketplace for arduous disk drives (HDDs) amidst rising information storage demand, fueled by increasing cloud infrastructure spending and accelerating AI-related investments.
Wall Road analysts are extremely optimistic about WDC’s inventory, with a “Robust Purchase” score general. Amongst 24 analysts masking the inventory, 18 suggest “Robust Purchase,” one signifies a “Reasonable Purchase,” and 5 recommend “Maintain.” Whereas the corporate is buying and selling above its imply worth goal of $99.95, its Road-high worth goal of $160 implies a 27.7% potential upside from the present ranges.
On the date of publication, Neharika Jain didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. This text was initially revealed on Barchart.com
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