Western Digital Corp. (WDC)
NASDAQ:WDC
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WDC Stock Chart & Stats
$372.52
-$0.42(-0.65%)
At close: 4:00 PM EST
$372.52
-$0.42(-0.65%)
Day’s Range― - ―
52-Week Range$58.66 - $799.87
Previous CloseN/A
Volume1.55M
Average Volume (3M)7.47M
Market Cap
$257.21B
Enterprise Value$245.13B
Total Cash (Recent Filing)$3.24B
Total Debt (Recent Filing)$1.72B
Price to Earnings (P/E)39.7
Beta2.29
Next Earnings
Aug 05, 2026EPS Estimate
3.29Next Dividend Ex-DateN/A
Dividend Yield0.18%
Share Statistics
EPS (TTM)18.69
Shares Outstanding344,682,130
10 Day Avg. Volume9,649,183
30 Day Avg. Volume7,470,242
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)4.14
Price to Sales (P/S)2.31
P/FCF Ratio17.10
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue20.81
Enterprise Value/Gross Profit45.82
Enterprise Value/Ebitda32.52
Forecast
1Y Price Target
$565.94Price Target Upside51.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)9.99
Revenue Forecast (FY)$12.86B
Bulls Say, Bears Say
Bulls Say
Improved Leverage And Balance SheetWestern Digital's material debt reduction to roughly $1.6B and a debt/equity near 0.16 materially lowers financial risk, increases flexibility for capex or buybacks, and supports resilience through cycles. This durable balance-sheet improvement underpins investment-grade positioning and reduces refinancing and interest-cost sensitivity over the medium term.
Strong Cash Generation And FCFSustained operating cash flow (~$3.3B TTM) and robust free cash flow (~$2.9B) indicate high earnings quality and internal funding capacity. Durable FCF supports continued R&D investment, dividend increases, share repurchases and debt paydown, improving strategic optionality and lowering dependency on external financing during multi-quarter planning horizons.
Cloud Leadership And Product RoadmapDominant hyperscaler exposure (89% of revenue) and strong exabyte shipment growth signal deep multi-year demand from cloud customers. Concurrent EPMR/HAMR and UltraSMR qualification plans show a credible technology roadmap to capture rising exabyte demand, helping sustain unit value and gross margins if execution progresses as planned.
Bears Say
High Customer ConcentrationRevenue concentration with cloud customers creates a structural single-sector exposure that can amplify demand swings and negotiation leverage. Large hyperscalers' procurement timing or mix shifts can materially impact revenue, pricing realization and utilization, making multi-quarter revenue predictability and margin sustainability more vulnerable to a few counterparties' decisions.
HAMR Ramp Execution RiskNext‑generation HAMR technology is central to future areal-density and margin gains; qualification-stage status with yield and reliability questions means timing and execution are uncertain. Delays or quality setbacks would compress expected cost-per-exabyte improvements, postpone revenue mix benefits, and keep R&D-driven operating expenses elevated across multiple quarters.
Historical Cyclicality And VolatilityStorage demand is inherently cyclical; prior years showed losses and negative cash flow, underscoring earnings volatility. Durable margin and cash‑flow assumptions must account for hyperscaler capex cycles and NAND/HDD supply swings. A downturn could quickly reverse current profitability and FCF gains, testing the sustainability of recent improvements.
Western Digital News
WDC FAQ
What was Western Digital Corp.’s price range in the past 12 months?
Western Digital Corp. lowest stock price was $58.66 and its highest was $799.87 in the past 12 months.
What is Western Digital Corp.’s market cap?
Western Digital Corp.’s market cap is $257.21B.
When is Western Digital Corp.’s upcoming earnings report date?
Western Digital Corp.’s upcoming earnings report date is Aug 05, 2026 which is in 40 days.
How were Western Digital Corp.’s earnings last quarter?
Western Digital Corp. released its earnings results on Apr 30, 2026. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.395 by $0.325.
Is Western Digital Corp. overvalued?
According to Wall Street analysts Western Digital Corp.’s price is currently Undervalued.
Does Western Digital Corp. pay dividends?
Western Digital Corp. pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 0.18%. See more information on Western Digital Corp. dividends here
What is Western Digital Corp.’s EPS estimate?
Western Digital Corp.’s EPS estimate is 3.29.
How many shares outstanding does Western Digital Corp. have?
Western Digital Corp. has 344,682,130 shares outstanding.
What happened to Western Digital Corp.’s price movement after its last earnings report?
Western Digital Corp. reported an EPS of $2.72 in its last earnings report, beating expectations of $2.395. Following the earnings report the stock price went down -0.69%.
Which hedge fund is a major shareholder of Western Digital Corp.?
Currently, no hedge funds are holding shares in WDC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Western Digital Stock Smart Score
Outperform
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Analyst Consensus
Strong Buy
Average Price Target:
$565.94 (51.92% Upside)
$565.94 (51.92% Upside)
Blogger Sentiment
Bullish
WDC Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 1.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.4%
Last 30 Days ▲ 8.6%
Last 30 Days ▲ 8.6%
News Sentiment
Bullish
Bullish news 75%
Bearish news 25%
Bearish news 25%
Technicals
SMA
Positive
20 days / 200 days
Momentum
982.70%
12-Months-Change
Fundamentals
Return on Equity
91.94%
Trailing 12-Months
Asset Growth
-8.08%
Trailing 12-Months
Company Description
Western Digital Corp.
Western Digital Corporation designs, manufactures, and markets a broad range of data storage devices and software solutions across the United States, China, Hong Kong, Europe, the Middle East, Africa, and the rest of Asia, serving an international market. The company's product lineup includes client devices such as hard disk drives (HDDs) and solid-state drives (SSDs) for computing platforms like desktops, notebooks, smart video systems, gaming consoles, and set-top boxes. They also provide flash-based embedded storage solutions for mobile phones, tablets, laptops, and various portable and wearable technologies, extending into automotive, Internet of Things (IoT), industrial, and connected home applications. Additionally, Western Digital produces flash-based memory wafers. For data centers, their offerings comprise enterprise helium hard drives and sophisticated flash-based SSDs, often bundled with software tailored for enterprise servers, online transaction processing, data analysis, and other business applications. This segment also includes comprehensive data storage systems, tiered storage models, and various data storage platforms. Consumer-oriented client solutions consist of external HDDs in both mobile and desktop configurations, portable SSDs, and removable memory cards compatible with mobile phones, tablets, imaging systems, cameras, and smart video systems. Furthermore, they offer universal serial bus (USB) flash drives for computing and general consumer markets, alongside wireless drive products designed for on-the-go content backup and high-definition streaming of media and documents to tablets, smartphones, and PCs. Western Digital sells its diverse portfolio through original equipment manufacturers (OEMs), distributors, dealers, resellers, and retailers, utilizing its prominent G-Technology, SanDisk, and WD brands. Founded in 1970, the corporation is headquartered in San Jose, California.
WDC Company Deck
WDC Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: high revenue growth (+45% YoY), doubled EPS (~97% YoY), robust margin expansion (gross margin 50.5%, +1,040 bps YoY), large exabyte shipment growth (+34% YoY), strong free cash flow ($978M, 29% margin), and a clear product roadmap with improving customer qualifications and UltraSMR adoption. Key risks noted include concentration in cloud revenue (89%), ongoing HAMR qualification and ramp timing, some remaining convertible debt and SanDisk shares to monetize, and near-term R&D-driven opex increases. Overall, the positives materially outweigh the challenges.View all WDC earnings summariesWDC Revenue Breakdown
87.62% Cloud
5.84% Client
6.54% Consumer
WDC Stock 12 Month Forecast
Average Price Target
$565.94
▲(51.92% Upside)
Technical Analysis
Ownership Overview
0.42% Insiders
33.22% Mutual Funds
18.64% Other Institutional Investors
15.64% Public Companies and Individual Investors