WDC - Western Digital Corporation
Axxcess Wealth Management LLC increased its stake in Western Digital Corporation (NASDAQ: WDC) by 947.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,613 shares of the data storage provider's stock after purchasing an additional 3,268 shares during the quarter.
Western Digital's fiscal first-quarter revenue climbed 55% year over year to $4.38 billion, above its own guidance. Management guided for fiscal second-quarter revenue growth of 66% to 72%, with an adjusted gross margin of 60% to 61%.
Western Digital (WDC) offers a "great window into the AI buildout," says Don Gentile. who believes the company's 50% revenue boost offers a strong bull case for the AI trade.
Irving Tan, Western Digital CEO, joins 'The Exchange' to discuss earnings, stock price, AI demand, and more.
Tom Coughlin discusses the greater hard disk drive industry as companies like Micron (MU), Western Digital (WDC), SanDisk (SNDK) and other AI memory chips command price action. He predicts 80% of data center information will be stored via HDD, opening the door for these companies to command the space even more.
Memory and data storage stocks are shaking off some of their blues.
Western Digital (WDC) reported fiscal first-quarter non-GAAP EPS of $4.64, above the analysts' consensus of $4.11, on revenue of $4.38 billion, up 55% from a ye
WDC's fiscal Q1 earnings and revenue beat estimates, fueled by strong cloud demand and pricing gains, as higher-capacity drives and new technology transitions drive growth.
Western Digital WDC reported strong fiscal first-quarter results and issued an upbeat outlook as demand for hard disk drives (HDDs) continued to benefit from artificial intelligence infrastructure spending. However, concerns about rising capital expenditure, potential increases in industry supply, and the sustainability of demand prompted mixed reactions from Wall Street analysts.
Western Digital Corp (NASDAQ:WDC) expects revenue to rise 66% to 72% year on year in its fiscal second quarter after first-quarter sales climbed 55% to $4.38 billion. The company forecast second-quarter revenue of $5.1 billion, plus or minus $100 million, as demand for data storage continued to strengthen.
Western Digital Corp. (NASDAQ:WDC) on Thursday posted better-than-expected first-quarter fiscal 2027 results.
Stock futures are pointing lower after yesterday's tech sell-off; cell tower stocks are surging after a report that SpaceX aims to secure thousands of cell sites; American Express raised its profit forecast; Western Digital's earnings are failing to lift the stock; and Deckers Outdoor shares are falling after an earnings miss. Here's what you need to know today.
First-quarter revenue grew 55% year over year to $4.4 billion. Western Digital generated $1.4 billion in free cash flow during Q1.
Western Digital Corp. (NASDAQ:WDC) stock fell in premarket trading Friday after declining more than 6% Thursday, despite the company reporting better-than-expected fiscal first-quarter 2027 earnings and issuing upbeat guidance.
Brookstone Capital Management lifted its position in Western Digital Corporation (NASDAQ: WDC) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,104 shares of the data storage provider's stock after purchasing an additional 1,880 shares during
Revenue: $4.4 billion, up 55% year over year.Exabytes Shipped: 248 exabytes, up 22% year over year and up 8% sequentially.Cloud Revenue: $3.9 billion, 88% of to
Western Digital Corporation (WDC) Q1 2027 Earnings Call Transcript
Western Digital NASDAQ: WDC reported a strong start to fiscal 2027, with first-quarter revenue rising 55% year over year to $4.4 billion as demand for high-capacity hard drives remained robust across cloud, enterprise and emerging AI-related markets.
Western Digital (WDC) came out with quarterly earnings of $4.64 per share, beating the Zacks Consensus Estimate of $4.09 per share. This compares to earnings of $1.78 per share a year ago.
The company reported a profit of $1.78 billion in the fiscal first quarter, driven by continued data storage demand and improved pricing.