Western Digital (WDC) to Post Quarterly Earnings on Wednesday

Western Digital (NASDAQ:WDC) will likely be announcing its Q4 2026 results before the market opens on Wednesday, July 29th. Analysts expect Western Digital to post earnings of $3.34 per share and revenue of $3.6926 billion for the quarter. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Interested persons can check the company’s upcoming Q4 2026 earning report for the latest details on the call scheduled for Wednesday, August 5, 2026 at 4:30 PM ET.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 earnings per share. On average, analysts expect Western Digital to post $10 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $548.39 on Wednesday. The company has a market capitalization of $189.02 billion, a P/E ratio of 32.74 and a beta of 2.11. Western Digital has a 1 year low of $66.04 and a 1 year high of $799.87. The business’s 50 day simple moving average is $561.52 and its 200 day simple moving average is $390.88.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s payout ratio is presently 3.58%.

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 432 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $545.60, for a total value of $235,699.20. Following the sale, the insider owned 116,643 shares in the company, valued at $63,640,420.80. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the sale, the director directly owned 3,903 shares in the company, valued at approximately $2,062,813.56. This trade represents a 16.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 28,959 shares of company stock worth $12,631,666. 0.18% of the stock is owned by company insiders.

Institutional Trading of Western Digital

Several institutional investors have recently modified their holdings of WDC. Swiss RE Ltd. bought a new position in shares of Western Digital in the 4th quarter worth about $32,000. BOKF NA boosted its position in shares of Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 268 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in Western Digital during the third quarter worth approximately $33,000. Transamerica Financial Advisors LLC grew its stake in Western Digital by 77.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 308 shares of the data storage provider’s stock worth $53,000 after purchasing an additional 134 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital News Summary

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Western Digital is benefiting from a sector-wide rebound in semiconductors, with investors buying back into memory stocks after a steep pullback. Why Is Western Digital Stock Surging on Tuesday?
• Positive Sentiment: Reports that AI is driving stronger memory and storage demand are supporting the bull case for Western Digital, with analysts expecting a continued recovery in pricing and earnings power. NVIDIA Isn’t Leading AI Stocks in 2026 – These 2 Are Up Over 180%
• Positive Sentiment: Several market summaries say Western Digital is part of a broad AI trade rebound, alongside Micron and SanDisk, as investors look ahead to major tech earnings and a potential memory upgrade cycle. Chip Stocks Surge but Software Sector Feels the Pain Again
• Neutral Sentiment: Western Digital has also been mentioned in commentary about a possible 2027 hardware refresh cycle tied to AI memory growth, which could help long-term demand but is still more of a future thesis than a near-term catalyst. AAPL, HPQ, SNDK, WDC: Gene Munster Says ‘Memory Hog’ AI Will Trigger a Massive 2027 Upgrade Cycle

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of recent analyst reports. Barclays upped their target price on Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald upped their price objective on shares of Western Digital from $660.00 to $900.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Sanford C. Bernstein raised shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective for the company in a research report on Tuesday, March 31st. Finally, Susquehanna increased their price objective on shares of Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $520.32.

About Western Digital

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.