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$51.88 - $564.14
Previous CloseN/A
Volume1.55M
Average Volume (3M)7.47M
Market Cap
$194.09B
Enterprise Value$182.77B
Total Cash (Recent Filing)$3.24B
Total Debt (Recent Filing)$1.72B
Price to Earnings (P/E)30.0
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. Volume6,497,220
30 Day Avg. Volume7,471,908
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 Cap0.94
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
Improved Leverage And Stronger Balance SheetSubstantially lower debt and a conservative debt/equity (~0.16) materially increase financial flexibility. This durable improvement supports capital allocation for R&D, HAMR qualification, buybacks/dividends, and cushions the company through HDD/NAND cycles without immediate refinancing pressure.
Strong Free Cash Flow GenerationConsistent, sizable free cash flow provides a durable funding source for capex, R&D, dividends and debt paydown. High FCF relative to profits improves earnings quality and reduces dependence on external financing through industry cycles, enabling strategic investments and shareholder returns.
Clear Technology Roadmap And Customer AdoptionProgress on EPMR, UltraSMR and HAMR qualifications with major hyperscalers supports sustainable areal-density gains and cost per exabyte improvements. Customer qualifications by large cloud buyers signal structural product leadership and a durable advantage in capacity-focused storage.
Bears Say
Extreme Customer Revenue ConcentrationDependence on hyperscalers concentrated demand and pricing power; a slowdown, contract repricing, or changes in hyperscaler procurement could disproportionately reduce revenue and utilization. This concentration amplifies cyclical exposure and undermines revenue diversification resilience.
HAMR Ramp And Execution RiskNext‑gen HAMR is critical for future areal-density leadership; delays or yield/reliability shortfalls would slow capacity scaling and cost reductions. Execution risk on HAMR can impede long-term competitiveness and margin sustainability, especially if competitors advance faster.
Historical Cyclicality And Revenue VolatilityThe storage industry is highly cyclical; prior years of losses and negative cash flow demonstrate earnings and cash flow can reverse quickly. That structural volatility threatens margin durability and capital allocation plans if end‑market demand softens over the next 2–6 months.
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 $51.88 and its highest was $564.14 in the past 12 months.
What is Western Digital Corp.’s market cap?
Western Digital Corp.’s market cap is $194.09B.
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 62 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 $11.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.9%
Last 30 Days ▲ 6.8%
Last 30 Days ▲ 6.8%
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Positive
20 days / 200 days
Momentum
983.61%
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
16.06% Public Companies and Individual Investors