Latest news with #WesternDigitalCorporation
Yahoo
11-08-2025
- Business
- Yahoo
Western Digital Stock: Is Wall Street Bullish or Bearish?
Valued at a market cap of $26.2 billion, Western Digital Corporation (WDC) develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology. The San Jose, California-based company offers a wide-ranging portfolio of storage products, ranging from HDDs and solid-state drives (SSDs) to flash storage devices and enterprise systems. This data storage solutions provider has considerably outperformed the broader market over the past 52 weeks. WDC has soared 69.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.1%. Moreover, on a YTD basis, the stock is up 67.6%, compared to SPX's 8.6% rise. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Zooming in further, WDC has also outpaced the Technology Select Sector SPDR Fund's (XLK) 29.9% uptick over the past 52 weeks and 14.4% return on a YTD basis. WDC delivered stronger-than-expected Q4 earnings results on Jul. 30, and its shares surged 10.2% in the following trading session. Due to strong growth in its cloud end market, the company's quarterly revenue improved 30% year-over-year to $2.6 billion, exceeding consensus estimates by 6.5%. Moreover, its profitability also looked strong, with adjusted gross margin expanding by 610 basis points year-over-year and adjusted operating income rising by a notable 147.3% from the year-ago quarter to $732 million. Additionally, its adjusted EPS of $1.66 topped the Wall Street forecast by 12.2%. For fiscal 2026, ending in June 2026, analysts expect WDC's EPS to grow 32.9% year over year to $6.02. The company's earnings surprise history is mixed. It exceeded or met the consensus estimates in three of the last four quarters, while missing on another occasion. Among the 22 analysts covering the stock, the consensus rating is a "Strong Buy' which is based on 18 'Strong Buy,' one "Moderate Buy,' and three 'Hold' ratings. This configuration is slightly less bullish than three months ago, with 19 analysts suggesting a 'Strong Buy' rating. On Aug. 5, Ananda Baruah from Loop Capital Markets maintained a "Buy" rating on WDC with a price target of $92, implying a 22.7% potential upside from the current levels. The mean price target of $87.71 represents a 17% premium from WDC's current price levels, while the Street-high price target of $100 suggests an ambitious upside potential of 33.4%. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
01-08-2025
- Business
- Yahoo
Western Digital Q4 Earnings Beat on Solid Top-Line Growth, Shares Jump
Western Digital Corporation (WDC) reported fourth-quarter fiscal 2025 non-GAAP earnings of $1.66 per share, which surpassed the Zacks Consensus Estimate by 12.2%. The company reported earnings of $1.44 per share in the prior-year quarter. Management anticipated fiscal fourth-quarter non-GAAP earnings per share to be $1.45 (+/- 20 cents). Quarterly revenues of $2.61 billion surged 30% year over year, surpassing the Zacks Consensus Estimate of $2.45 billion. The growth reflects rising demand for high-capacity storage driven by cloud computing and generative AI, both of which require massive and cost-effective storage backbones that HDDs still provide. On a sequential basis, revenues increased 14%. For the fiscal fourth quarter, the company forecasted non-GAAP revenues of $2.45 billion (+/- $150 million). For fiscal 2025, revenues skyrocketed 51% year over year to $9.5 billion. During the quarter, WDC shipped 190 exabytes of storage to customers, up 32% year over year, fueled by strong demand for nearline drives and growing volumes of its 26TB CMR and 32TB UltraSMR products. Also, shipments of its 26TB CMR and 32TB UltraSMR drives more than doubled from the previous quarter, topping 1.7 million units in June. This was one of the fastest ramps in its history. Western Digital Corporation Price, Consensus and EPS Surprise Western Digital Corporation price-consensus-eps-surprise-chart | Western Digital Corporation Quote On Feb. 21, 2025, Western Digital split its HDD and Flash businesses into two separate public companies. The new SanDisk now focuses on Flash and is well-positioned to serve market needs and tap into AI growth. Western Digital delivered performance that not only beat internal expectations but also boosted investor confidence. Shares of WDC jumped 8% in pre-market trading today. In the past year, shares have gained 18.1% against the Zacks Computer-Storage Devices industry's fall of 4%. Image Source: Zacks Investment Research Quarter in Detail Revenues from the Cloud end market (90% of total revenues) climbed 36% year over year to $2.6 billion, driven by strong demand for higher-capacity nearline products. Revenues from the Client end market (5%) were up 2% year over year to $140 million. Revenues from the Consumer end market (5%) were down 12% year over year to $136 million. Margins WDC reported a non-GAAP gross margin of 41.3%, up 610 basis points year over year and above its guidance (40-41%). The increase was driven by a shift to higher-capacity drives and strong cost control across manufacturing and the supply chain. Non-GAAP operating expenses decreased 16% year over year to $345 million, but were slightly above guidance ($330-$340 million), mainly due to higher variable compensation from better-than-expected performance. Non-GAAP operating income totaled $732 million, up 147% year over year. Balance Sheet & Cash Flow As of June 27, 2025, cash and cash equivalents were $2.1 billion compared with $3.47 billion reported as of March 28, 2025. The long-term debt (including the current portion) was $4.7 billion as of June 27, 2025, compared with $7.3 billion as of March 28. Western Digital generated $746 million in cash from operations compared with $366 million in the prior-year quarter. Free cash flow amounted to $675 million in the quarter under review, up 139%. With strong cash flow, a solid balance sheet and confidence in its business outlook, WDC's board approved up to $2 billion in share buybacks. In the quarter, the company repurchased about 2.8 million shares for $149 million. Fiscal Q1 2026 Outlook Strong business momentum, particularly in cloud storage, is driving expectations for another solid quarter. At the mid-point of its guidance, Western Digital anticipates non-GAAP revenues of $2.7 billion (+/- $100 million), up 22% year over year. The Zacks Consensus Estimate is currently pegged at $2.55 billion. Management projects non-GAAP earnings of $1.54 (+/- 15 cents). The Zacks Consensus Estimate is currently pegged at $1.40. WDC expects non-GAAP gross margin in the range of 41-42%. Non-GAAP operating expenses are expected to be between $370 million and $380 million. WDC's Zacks Rank Currently, Western Digital sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here Recent Performance of Other Companies Seagate Technology Holdings plc (STX) reported fourth-quarter fiscal 2025 non-GAAP earnings of $2.59 per share, beating the Zacks Consensus Estimate by 5.3%. The bottom line was in the upper end of STX's guidance of $2.4 per share (+/- 20 cents), reflecting the outcome of structural improvements and strong cloud-driven demand. The company reported non-GAAP earnings of $1.05 per share in the year-ago quarter. Non-GAAP revenues of $2.44 billion beat the Zacks Consensus Estimate by 1.6%. Revenues came in above the midpoint of guidance, rising 30% year over year. Cadence Design Systems (CDNS) reported second-quarter 2025 non-GAAP earnings per share (EPS) of $1.65, which beat the Zacks Consensus Estimate by 5.1%. The bottom line increased 28.9% year over year, exceeding management's guided range of $1.55-$1.61. Revenues of $1.275 billion beat the Zacks Consensus Estimate by 1.3% and increased 20.3% year over year. The figure beat CDNS' guided range of $1.25-$1.27 billion. The top line was driven by broad-based demand for its solutions, especially the AI-driven portfolio, amid robust design activity. SAP SE (SAP) reported second-quarter 2025 non-IFRS earnings of €1.50 ($1.70) per share, climbing 37% from the year-ago quarter's levels. The Zacks Consensus Estimate was pegged at $1.63 per share. Driven by robust cloud growth, disciplined cost control and expanding AI capabilities, SAP reported total revenues of €9.03 billion ($10.24 billion) on a non-IFRS basis, representing a 9% year-over-year increase (up 12% at constant currency). The Zacks Consensus estimate was pegged at $10.37 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Western Digital Corporation (WDC) : Free Stock Analysis Report Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report SAP SE (SAP) : Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
14-07-2025
- Business
- Business Wire
Western Digital to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on July 30, 2025
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) plans to announce its fourth quarter and fiscal year 2025 financial results after the market closes on Wednesday, July 30, 2025. The company will host a conference call with the investment community to discuss these results on July 30, 2025, at 1:30 p.m. Pacific/4:30 p.m. Eastern. A live audio webcast and a webcast replay of the conference call will be available at About Western Digital Western Digital empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted by hyperscale cloud providers, enterprise data centers, content professionals and consumers around the world. Core to its values, the company recognizes the urgency to combat climate change and is on a mission to design storage technologies that not only meet today's data demands but also contribute to a more climate-conscious future. Follow Western Digital on LinkedIn and learn more at © 2025 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
Yahoo
03-07-2025
- Business
- Yahoo
Morgan Stanley Hikes Western Digital (WDC) Target to $78, Reaffirms Bullish View
Western Digital Corporation (NASDAQ:WDC) is one of the 20 undervalued momentum stocks that are taking off. Morgan Stanley analyst Erik Woodring, on June 17, reinforced his positive stance on Western Digital (WDC), raising the price target to $78 from $70 following recent discussions with company management. His Overweight rating remains unchanged, reflecting increased confidence in WDC's earnings potential and strategic positioning in the HDD segment. Woodring has revised his long-term EPS estimates upward by up to 10%, citing improvements in gross margin expectations, earlier-than-expected deleveraging, and more timely capital returns. He sees these developments as key factors for re-rating the stock in coming months. A network engineer gazing intently at computer monitors, surrounded by servers and storage systems. Back in May, the analyst had already raised his price target from $54 to $70. In the update, he had stated that Western Digital's could substantially benefit from the surge in data center expansion. While the company still trails Seagate in HAMR technology, the analyst believes HDDs will continue to dominate the storage landscape, given the exponential growth in global data generation. He also viewed WDC's valuation as compelling, as it traded at a notable discount to peers with a PE of less than six times peak EPS. This underlines the stock's potential upside, particularly if supported by continued strength in the HDD cycle, monetization of its SanDisk asset, and improved shareholder returns through potential dividend increases. Western Digital Corporation (NASDAQ:WDC) is a leading developer and manufacturer of data storage devices and solutions. The company's product range includes hard disk drives (HDDs), solid-state drives (SSDs), and external storage systems tailored for both consumer and enterprise markets. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
BofA Raises Western Digital (WDC) PT to $71 Following 2025 BofA Global Technology Conference
Western Digital Corporation (NASDAQ:WDC) is one of the 8 Best Inexpensive Stocks to Buy Right Now. On June 9, Bank of America raised its price target for Western Digital to $71 from $62, while maintaining a Buy rating on the shares. This optimism stems from insights gained at the 2025 BofA Global Technology Conference, where analysts became more bullish on the Hard Disk Drive/HDD industry. BofA anticipates that the increasing demand from hyperscale customers will outpace Exabyte production growth over the next few quarters, which would favorably position the HDD sector and suggest potential gains for Western Digital investors. In FQ3 2025, Western Digital's revenue was $2.3 billion, which was up 31% year-over-year. Cloud revenue alone contributed $2 billion, which accounted for 87% of total revenue and grew by 38%. A data center filled with racks of hard disk drives and solid state drives. The company completed the planned separation of its Flash business in the quarter, which allowed it to focus on core HDD operations. Furthermore, Western Digital secured long-term agreements with two of its largest hyperscale customers, which provided demand visibility through H1 2026. The company is also on track with its Heat-Assisted Magnetic Recording/HAMR technology milestones and collaborated closely with two hyperscale customers while receiving positive feedback. Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage devices and solutions internationally. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
