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Western Digital surges after fiscal Q3 2026 blowout. EPS nearly doubles and AI-driven storage demand fuels strong revenue, margins and bullish outlook.
Western Digital Corporation (WDC) Q3 2026 Earnings Call Transcript
Western Digital (WDC) came out with quarterly earnings of $2.72 per share, beating the Zacks Consensus Estimate of $2.41 per share. This compares to earnings of $1.36 per share a year ago.
Western Digital forecast quarterly revenue above Wall Street estimates on Thursday, expecting strong demand for data storage from artificial intelligence companies to fuel pricing power.
Shares of Seagate Technology (NASDAQ:STX | STX Price Prediction) and Western Digital (NASDAQ:WDC) capped a blockbuster April with another leg higher Thursday afternoon.
Western Digital is set to report Q3 FY26 earnings amid unprecedented AI-driven HDD demand, mirroring Seagate's recent blowout results. Seagate, yesterday, revealed that its CY27 capacity is also nearly sold out, a dramatic update from 3 months ago, when Seagate had said they were just beginning CY27 capacity agreements. As of January, WDC's capacity is effectively sold out through CY26, with forward agreements into CY27, highlighting robust hyperscaler demand.
Shares in Western Digital, Sandisk, and Micron rally after strong earnings from hard-drive maker Seagate Technology.
Western Digital Corp. is rated a buy as cloud-driven demand and tight supply drive earnings and margin expansion. WDC's revenue is set to rebound, with Q3 sales expected to be up 40% YoY and adjusted EPS projected at $2.39, a 75% YoY increase. Long-term contracts with major cloud providers and a roadmap for higher-capacity drives (40TB+ this year, 100TB by 2029) underpin forward growth.
Western Digital heads into fiscal Q3 2026 earnings with strong AI-driven demand, rising margins and big buybacks-but lofty expectations raise the stakes.
Shares of Western Digital (NASDAQ:WDC | WDC Price Prediction) are trading around $404 Friday afternoon, modestly higher on the session and capping one of the strongest runs in the AI infrastructure complex this year.