Western Digital (NASDAQ:WDC – Get Free Report) is expected to be issuing its Q1 2027 results after the market closes on Thursday, October 22nd. Analysts expect Western Digital to announce earnings of $4.09 per share and revenue of $4.14 billion for the quarter. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. Individuals are encouraged to explore the company’s upcoming Q1 2027 earnings report for the latest details on the call scheduled for Thursday, October 22, 2026 at 4:30 PM ET.
Western Digital (NASDAQ:WDC – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%. Western Digital’s quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. On average, analysts expect Western Digital to post $19.65 EPS for the current fiscal year and $34.03 EPS for the next fiscal year.
Western Digital Stock Performance
Western Digital stock opened at $352.21 on Tuesday. The stock has a fifty day moving average of $441.12 and a two-hundred day moving average of $478.99. The company has a market capitalization of $131.84 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 1.41 and a beta of 2.11. Western Digital has a fifty-two week low of $117.23 and a fifty-two week high of $799.87.
Western Digital Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, September 8th. Western Digital’s dividend payout ratio is currently 2.48%.
Insiders Place Their Bets
In other Western Digital news, insider Vidyadhara K. Gubbi sold 1,795 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $459.87, for a total transaction of $825,466.65. Following the transaction, the insider owned 80,571 shares of the company’s stock, valued at $37,052,185.77. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Cynthia L. Tregillis sold 432 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $451.20, for a total value of $194,918.40. Following the sale, the insider owned 111,030 shares in the company, valued at $50,096,736. This trade represents a 0.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 24,629 shares of company stock valued at $11,033,404. Company insiders own 0.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on WDC shares. Zacks Research lowered Western Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. JPMorgan Chase & Co. lifted their price objective on Western Digital from $650.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. TD Cowen boosted their target price on shares of Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Cantor Fitzgerald boosted their target price on shares of Western Digital from $660.00 to $900.00 in a research note on Thursday, August 6th. Finally, Morgan Stanley restated an “overweight” rating and issued a $676.00 target price (up from $650.00) on shares of Western Digital in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $608.26.
Read Our Latest Research Report on Western Digital
Western Digital News Summary
Here are the key news stories impacting Western Digital this week:
- Positive Sentiment: AI and data-center rebound: Western Digital was among the S&P 500’s leading gainers as enthusiasm returned to AI-related stocks. Its hard-drive and data-storage products are viewed as beneficiaries of expanding AI infrastructure and data-center demand. Sandisk, Datadog, Amazon Lead S&P 500 As AI Stocks Rebound
- Positive Sentiment: Analyst sentiment improved: A Wall Street Zen report upgraded Western Digital to “Strong-Buy,” while other recent commentary presented the company as a potential value entry and identified it as an AI-related stock with substantial analyst upside. Wall Street Zen Upgrades Western Digital to Strong-Buy
- Positive Sentiment: Earnings are the next catalyst: Western Digital is scheduled to report fiscal first-quarter results late Thursday. Investors are looking for evidence that storage demand, pricing, and AI infrastructure spending remain strong. The company previously exceeded quarterly earnings and revenue expectations and has issued fiscal Q1 2027 EPS guidance of $3.85 to $4.15.
- Neutral Sentiment: Sector-wide focus on validation: This week’s technology earnings are expected to test whether heavy AI investment is translating into sustainable revenue and profits, making Western Digital’s upcoming report particularly relevant to memory and storage stocks. This Week’s Tech Earnings Could Be a Validation Moment for the AI Trade
- Negative Sentiment: Technical risk remains: Despite the rebound, Western Digital remains below its key moving averages after a steep decline the previous week. That leaves the stock vulnerable to further volatility if Thursday’s results or outlook disappoint. Sandisk, Datadog, Amazon Lead S&P 500 As AI Stocks Rebound
Western Digital Company Profile
Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.
The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.
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