AI Boom Drives Western Digital Toward $500 Target

AI Boom Drives Western Digital Toward $500 Target

The post AI Boom Drives Western Digital Toward $500 Target appeared first on 24/7 Wall St.. Quick Read Western Digital (WDC) reported Q3 FY2026 non-GAAP EPS of $2.72, beating estimates by 13.71%, with revenue rising 45.5% YoY to $3.337 billion, gross margin crossing 50% for the first time at 50.5%, and free cash flow climbing 158% to $978 million, driven by AI workloads across training, inference, agentic AI, and physical AI applications. Wes…

Western Digital Stock Nears $500 as WDC’s AI Storage Boom Drowns Out Earnings-Drop Jitters

Western Digital shares rose 6% to $469.44 Tuesday after reporting fiscal Q3 revenue up 45% to $3.34 billion and adjusted earnings of $2.72 per share, both above analyst estimates. The company raised its quarterly dividend by 20% and forecast Q4 revenue of $3.65 billion, also topping expectations. Cloud accounted for 89% of revenue. Peer Seagate reported Q3 revenue of $3.11 billion and guided higher for Q4. The post Western Digital Stock Nears $5…