Earning Analysis
Welcome to our in-depth analysis of Western Digital Corp(WDC) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of Western Digital Corp earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
| FY2026Q1 | 2025-10-30 | After Hours | 1.61 | 1.78 | +10.56 | 2.73B | 2.82B | +3.21 | +8.75 | +15.91 |
| FY2025Q4 | 2025-07-30 | After Hours | 1.44 | 1.66 | +15.28 | 2.47B | 2.61B | +5.33 | +10.16 | +6.17 |
| FY2025Q3 | 2025-04-30 | Pre-Market | 1.12 | 1.36 | +21.43 | 2.48B | 2.29B | -7.65 | +7.98 | +10.86 |
| FY2025Q2 | 2025-01-29 | After Hours | 1.77 | 1.77 | - | 4.26B | 4.29B | +0.52 | +4.75 | +3.06 |
| FY2025Q1 | 2024-10-24 | After Hours | 1.74 | 1.78 | +2.30 | 4.12B | 4.10B | -0.73 | +4.72 | -1.52 |
| FY2024Q4 | 2024-07-31 | - | 1.08 | 1.25 | +15.74 | 3.74B | 3.76B | +0.65 | +6.13 | -9.18 |
| FY2024Q3 | 2024-04-25 | - | 0.04 | 0.42 | +950.00 | 3.35B | 3.46B | +3.24 | -0.16 | +1.38 |
| FY2024Q2 | 2024-01-25 | - | -1.30 | -0.91 | +30.00 | 3.01B | 3.03B | +0.76 | +3.96 | -1.34 |
| FY2024Q1 | 2023-10-30 | - | -2.10 | -1.97 | +6.19 | 2.66B | 2.75B | +3.28 | +7.26 | +10.37 |
| - | 2023-07-31 | - | -2.30 | -2.16 | +6.09 | - | - | - | +1.26 | +3.38 |
WDC Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, Western Digital Corp reported performance for FY2026Q1, announced on 2025-10-30. The company achieved an EPS of 1.78, compared to analyst estimates of 1.61 by 10.56% . Revenue for the quarter reached 2.82B compared to expectations of 2.73B by 3.21% .
The stock price reacted with a 8.75% one-day change and a 15.91% five-day change following the earnings release. These movements reflect market reaction in Western Digital Corp growth trajectory and strategic initiatives.
WDC Earnings Forecast
Looking ahead, Western Digital Corp(WDC) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2026/Q2 project quarter revenue of 2.91B and an EPS of 1.89.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2026 have been Revise Upward by 6.22%, while EPS estimates have been Revise Upward by 17.59%. For the upcoming Q2 2026, revenue estimates have been adjusted Revise Upward by 4.81% . These revisions correlate with a 74.92% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in Western Digital Corp long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between WDC's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2026
Revise Upward
+6.22%
In Past 3 Month
EPS Estimates for FY2026
Revise Upward
+17.59%
In Past 3 Month
Revenue Estimates for Q2 2026
Revise Upward
+4.81%
In Past 3 Month
Stock Price
Go Up
+74.92%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2026
Currency: USD
1Y
3Y
5Y
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Revenue Estimate-Annual FY 2026:11.74B
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EPS Estimate-Annual FY 2026:7.67
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Stock Price161.00
WDC Revenue and EPS Performance: A Historical Perspective
Western Digital Corp revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2026Q1 (2025-10-30,After Hours):
EPS: 1.78 (Actual) vs.1.61 (Estimate) (10.56%)
Revenue: 2.82B (Actual) vs. 2.73B (Estimate) (3.21%)
Price Reaction: 8.75%(1-Day), 15.91%(5-Day)
FY2025Q4 (2025-07-30,After Hours):
EPS: 1.66 (Actual) vs.1.44 (Estimate) (15.28%)
Revenue: 2.61B (Actual) vs. 2.47B (Estimate) (5.33%)
Price Reaction: 10.16%(1-Day), 6.17%(5-Day)
FY2025Q3 (2025-04-30,Pre-Market):
EPS: 1.36 (Actual) vs.1.12 (Estimate) (21.43%)
Revenue: 2.29B (Actual) vs. 2.48B (Estimate) (-7.65%)
Price Reaction: 7.98%(1-Day), 10.86%(5-Day)
Earnings Reaction
The chart below shows how WDC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WDC sees a -3.87% change in stock price 10 days leading up to the earnings, and a +4.42% change 10 days following the report. On the earnings day itself, the stock moves by +2.47%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in SEP/2025, the stock changed 8.75% on the day following the earnings release and then changed by 13.78% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
Western Digital Corp (WDC) Q1 2026 Earnings Call Summary
Positive
2025-10-30
The earnings call presents a positive outlook with strong revenue growth, solid gross margin projections, and robust demand driven by AI tailwinds. The Q&A highlights promising AI productivity gains and consistent demand from hyperscale customers. Despite some uncertainties, such as the lack of specific details on UltraSMR capacities and AI CapEx allocation, the overall sentiment is positive. The company's strategic plans, including monetizing SanDisk shares and maintaining a high free cash flow margin, further support a positive stock price movement prediction within the 2% to 8% range.
Western Digital Corp (WDC) Q4 2025 Earnings Call Summary
Positive
2025-07-30
The earnings call reflects strong financial performance with improved operating income and gross margins, backed by strategic product innovation and robust cash flow. The Q&A session reinforced positive sentiment with emphasis on gross margin improvements, shareholder returns, and potential revenue growth from AI deployment. While there were some declines in consumer revenue, these were not deemed significant by analysts. The company's proactive approach in technology and customer demand visibility further supports a positive outlook. Despite some lack of clarity in ASP data, the overall guidance and strategic initiatives indicate a positive stock price movement.
Western Digital Corp (WDC) Q3 2025 Earnings Call Summary
Positive
2025-04-30
The earnings call reveals strong financial performance with a 31% revenue increase and a 40.1% gross margin. Despite pricing pressures in the flash segment, the HDD business shows robust growth. The company's strategic separation of businesses, initiation of a quarterly dividend, and debt redemption are positive indicators. The Q&A highlights strong demand visibility and no direct tariff impacts anticipated, though some demand uncertainty exists. Overall, the positive financial metrics, strategic initiatives, and shareholder return plans outweigh the uncertainties, suggesting a positive stock price movement.
Western Digital Corp (WDC) Q4 2024 Earnings Call Summary
Neutral
2025-01-29
The earnings call presents mixed signals. While revenue growth is strong, especially in the HDD segment, there are concerns about pricing pressures in the NAND market and a mid-cycle pause in flash demand. The separation of flash and HDD businesses could unlock value, but no buyback or dividend programs are in place. The Q&A section reveals some uncertainties and lack of specific guidance, particularly around underutilization charges. Overall, the financial performance is solid but tempered by market challenges, leading to a neutral sentiment.
Western Digital Corporation (WDC) Q1 2025 Earnings Call Summary
Positive
2024-10-24
The earnings call summary indicates strong financial performance with significant revenue and margin growth, especially in cloud and HDD segments. Management's optimistic guidance and strategic focus on AI and innovation are positive indicators. The Q&A reveals confidence in product qualifications and pricing dynamics, despite some unclear responses. The separation plan might incur costs, but the overall sentiment is positive with a focus on growth and profitability. Given these factors, the stock price is likely to see a positive movement over the next two weeks.
Western Digital Corporation (WDC) Q4 2024 Earnings Call Summary
Positive
2024-08-01
The earnings call indicates strong financial performance, with significant year-over-year revenue and margin growth. The Q&A reveals positive sentiment towards supply-demand balance and innovation, despite some concerns about consumer demand and competitors. The absence of a share repurchase program is a minor negative, but overall, the strong revenue growth, improved margins, and optimistic future outlook suggest a positive stock price movement.
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FAQ
What were the key highlights of WDC’s latest earnings report for FY2026Q1?
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