Western Digital's Revenue Growth Amid AI Storage Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
Should l Buy WDC?
Source: NASDAQ.COM
Western Digital's shares have risen by 5.03%, crossing above the 5-day SMA, reflecting positive market dynamics.
The company's revenue increased by 26% year-over-year to $5.83 billion in the first half of 2026, driven by a surge in AI-driven storage demand and all hard disk drive capacity sold out. Additionally, Western Digital has secured long-term agreements with key customers to ensure supply over the next three years, indicating strong growth potential in the AI storage market, which is projected to grow at a 25% compound annual growth rate through 2032.
This robust performance highlights Western Digital's competitive position in the semiconductor market, attracting investor interest and confidence in its future growth prospects.
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Analyst Views on WDC
Wall Street analysts forecast WDC stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 273.350
Low
135.00
Averages
189.74
High
250.00
Current: 273.350
Low
135.00
Averages
189.74
High
250.00
About WDC
Western Digital Corporation is a developer, manufacturer and provider of data storage devices and solutions. It delivers hard disk drives (HDD) solutions for everyone from students, gamers, and home offices to enterprises and public clouds. The Company manufactures, markets, and sells data storage devices and solutions in the United States and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries. Its portfolio of technology and products addresses multiple end markets: Cloud, Client, and Consumer. Cloud is comprised primarily of products for public or private cloud environments and end customers. Through the Client end market, it provides its original equipment manufacturer (OEM) and channel customers a range of hard drive solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Consumer end market offers a range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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