Western Digital (WDC) to Release Quarterly Earnings on Thursday

Western Digital (NASDAQ:WDC) will likely be issuing its Q2 2026 results after the market closes on Thursday, January 29th. Analysts expect the company to announce earnings of $1.92 per share and revenue of $2.9287 billion for the quarter. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. Interested persons may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, January 29, 2026 at 4:30 PM ET.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, October 30th. The data storage provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.21. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.The company’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. On average, analysts expect Western Digital to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Western Digital Stock Performance

NASDAQ WDC opened at $241.90 on Thursday. The business’s 50 day moving average price is $179.25 and its 200-day moving average price is $127.86. Western Digital has a fifty-two week low of $28.83 and a fifty-two week high of $244.90. The company has a market cap of $82.71 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.38 and a beta of 1.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 4th. Western Digital’s dividend payout ratio (DPR) is presently 7.28%.

Analyst Ratings Changes

Several research firms have recently issued reports on WDC. Citigroup raised their target price on shares of Western Digital from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Wells Fargo & Company increased their price target on Western Digital from $180.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of Western Digital in a report on Tuesday, December 16th. Finally, UBS Group increased their target price on Western Digital from $145.00 to $230.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average price target of $204.76.

Insider Buying and Selling at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $150.69, for a total value of $3,013,800.00. Following the completion of the sale, the chief executive officer owned 645,467 shares of the company’s stock, valued at approximately $97,265,422.23. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cynthia L. Tregillis sold 447 shares of Western Digital stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $229.00, for a total transaction of $102,363.00. Following the transaction, the insider directly owned 143,318 shares in the company, valued at approximately $32,819,822. The trade was a 0.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,816 shares of company stock worth $4,116,148. 0.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Rakuten Securities Inc. boosted its position in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Western Digital during the third quarter valued at about $33,000. BOKF NA lifted its position in shares of Western Digital by 6,700.0% during the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after buying an additional 268 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Western Digital by 229.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after buying an additional 967 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Western Digital in the 2nd quarter worth approximately $66,000. 92.51% of the stock is owned by institutional investors.

Western Digital News Roundup

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Analyst upgrades and hefty price-target hikes are driving momentum. Multiple firms (Bank of America, Rosenblatt, Citigroup and others) have raised targets and reiterated buy ratings, signaling stronger earnings and valuation expectations. Bank of America resets WDC price target Rosenblatt/Benzinga coverage
• Positive Sentiment: Sector rotation into storage (vs. GPUs) — institutional flow and narrative that AI growth shifts demand from compute to large, cheaper capacity — is increasing appetite for HDD/SSD makers like WDC, supporting higher multiples and revenue visibility. (Market coverage and analysis point to tighter NAND/HDD supply and pricing power.)
• Positive Sentiment: Corporate catalyst: Western Digital announced an Innovation Day event on Feb. 3 to showcase AI/storage product roadmaps (HAMR, data-center HDD/SSD strategy). Positive messaging or product detail could reinforce the AI-storage thesis. Innovation Day 2026 announcement
• Neutral Sentiment: Insider selling: an officer sold 447 shares (~$229 avg), a very small, routine transaction relative to their total holding — not evidence of a management-wide exit. SEC filing available. SEC filing
• Neutral Sentiment: Product-level news: consumer promotions (e.g., temporary discount on WD_Black expansion card) are visible but have limited near-term impact on WDC’s data-center-driven rally. WD_Black discount
• Negative Sentiment: Valuation and momentum concerns: several pieces question whether the rapid, multi‑hundred‑percent rally is overextended and flag risk of a pullback; investors should weigh higher multiples and stretched sentiment against fundamentals. Has WDC run too far? (Yahoo)
• Negative Sentiment: Analyst caution / cycle-risk commentary: coverage notes that WDC is not a pure “AI stock” and that AI-driven demand may alter cycles but not eliminate downside if supply/pricing dynamics revert—flagging the potential for volatility or a pullback. Seeking Alpha: pullback risk

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.