"WDC has been one of the market's most extraordinary performers, rising 894.01% over the past year, 156.91% year to date, and 10.39% over the past week."
"Q3 FY2026 delivered non-GAAP EPS of $2.72 against a $2.39 estimate, a 13.71% beat and the fourth consecutive quarter of EPS upside."
"CEO Irving Tan attributed the strength to AI workloads, noting 'Virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs.'"
"The bull case rests on a structural HDD supply-demand imbalance, with management's Q4 FY26 guidance calling for revenue of $3.65 billion, implying 36% to 44% YoY growth."
Western Digital has experienced significant stock growth, rising 894.01% over the past year. The company reported strong Q3 FY2026 results, with non-GAAP EPS of $2.72, beating estimates. Revenue increased 45.5% year-over-year to $3.337 billion, and gross margin exceeded 50%. CEO Irving Tan highlighted the role of AI workloads in driving demand for HDDs. The bull case suggests a price target of $594.03, supported by a structural supply-demand imbalance and strong capital returns, including a dividend hike and substantial share repurchases.
Read at 24/7 Wall St.
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