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$54.60 - $602.54
Previous CloseN/A
Volume1.55M
Average Volume (3M)7.54M
Market Cap
$198.36B
Enterprise Value$182.77B
Total Cash (Recent Filing)$3.24B
Total Debt (Recent Filing)$1.72B
Price to Earnings (P/E)27.2
Beta2.23
Next Earnings
Aug 05, 2026EPS Estimate
3.27Next Dividend Ex-DateN/A
Dividend Yield0.18%
Share Statistics
EPS (TTM)18.69
Shares Outstanding344,682,130
10 Day Avg. Volume6,213,160
30 Day Avg. Volume7,535,177
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 Cap0.92
Enterprise Value/Revenue15.52
Enterprise Value/Gross Profit34.16
Enterprise Value/Ebitda34.28
Forecast
1Y Price Target
$537.50Price Target Upside44.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)9.97
Revenue Forecast (FY)$12.86B
Bulls Say, Bears Say
Bulls Say
Material Leverage Reduction And Stronger Balance SheetWestern Digital materially reduced debt and now shows a conservative debt/equity (~0.16) and solid equity base. This meaningfully lowers refinancing and interest risk, improves financial flexibility for capex and R&D, and supports investment-grade credit profiles that endure across cycles.
Robust Cash Generation And Free Cash Flow ConversionTTM operating and free cash flows recovered strongly and cover a large share of profits, enabling debt paydown, dividends, and buybacks. Durable cash generation enhances ability to fund HAMR/EPMR ramps and LTAs, providing sustained capital flexibility through multi-year technology investments.
Clear Technology Roadmap And Customer AdoptionWD’s multi-generation roadmap (EPMR, UltraSMR, HAMR) plus major-customer qualifications creates a structural advantage in exabyte economics. Volume production targets and hyperscaler adoption support long-term areal-density gains and lower cost per exabyte, underpinning sustainable gross margins.
Bears Say
Extreme Customer Concentration In CloudRelying on hyperscalers for ~89% of revenue concentrates demand risk: cloud capex cycles, procurement shifts, or multi‑year contract renegotiations can quickly swing revenue and utilization. This amplifies downside in downturns and limits revenue diversification over the next 2–6 months and beyond.
HAMR Qualification And Ramp Execution RiskNext‑gen HAMR tech is critical to future density leadership but remains in qualification. Manufacturing yield, reliability and qualification timing are execution risks that could delay capacity, raise unit costs, and defer margin upside tied to HAMR-dependent exabyte growth.
Historical Cyclical Volatility In Revenue And Cash FlowWD’s financials show sharp swings across cycles, with prior quarters of negative cash flow and losses. Such structural cyclicality makes current margins and cash generation less certain to persist through downturns, increasing long-term execution and planning risk for investments and LTAs.
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 $54.60 and its highest was $602.54 in the past 12 months.
What is Western Digital Corp.’s market cap?
Western Digital Corp.’s market cap is $198.36B.
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 60 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 $0.125 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 3.27.
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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10
Analyst Consensus
Strong Buy
Average Price Target:
$537.50 (44.29% Upside)
$537.50 (44.29% 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 $6.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.5%
Last 30 Days ▲ 6.5%
Last 30 Days ▲ 6.5%
News Sentiment
Bullish
Bullish news 79%
Bearish news 20%
Bearish news 20%
Technicals
SMA
Positive
20 days / 200 days
Momentum
832.07%
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 develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and 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
$537.50
▲(44.29% Upside)
Technical Analysis
Ownership Overview
0.42% Insiders
33.22% Mutual Funds
18.64% Other Institutional Investors
16.82% Public Companies and Individual Investors