Western Digital (NASDAQ:WDC) Updates Q2 Earnings Guidance

Western Digital (NASDAQ:WDC) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.75-2.05 for the period, compared to the consensus estimate of $1.93. The company issued revenue guidance of $4.20-4.40 billion, compared to the consensus revenue estimate of $4.33 billion. Western Digital also updated its Q2 2025 guidance to 1.750-2.050 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WDC shares. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Western Digital in a research note on Friday. Susquehanna raised their target price on Western Digital from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com upgraded Western Digital from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. TD Cowen decreased their price objective on Western Digital from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, The Goldman Sachs Group dropped their target price on shares of Western Digital from $79.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Western Digital has an average rating of “Moderate Buy” and a consensus target price of $86.09.

Western Digital Trading Up 4.7 %

Shares of WDC traded up $3.13 during midday trading on Friday, hitting $69.45. 16,216,267 shares of the stock were exchanged, compared to its average volume of 6,179,462. Western Digital has a 52-week low of $35.62 and a 52-week high of $81.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.32. The stock has a fifty day simple moving average of $65.31 and a 200 day simple moving average of $69.73. The firm has a market cap of $24.01 billion, a P/E ratio of -38.99 and a beta of 1.39.

Western Digital (NASDAQ:WDC) last released its earnings results on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.17. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.77 billion. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. On average, research analysts anticipate that Western Digital will post 7.75 EPS for the current fiscal year.

Insider Buying and Selling at Western Digital

In related news, EVP Robert Soderbery sold 12,154 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $57.09, for a total transaction of $693,871.86. Following the completion of the transaction, the executive vice president now directly owns 128,413 shares of the company’s stock, valued at $7,331,098.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Western Digital news, EVP Robert Soderbery sold 12,154 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $57.09, for a total transaction of $693,871.86. Following the completion of the transaction, the executive vice president now owns 128,413 shares in the company, valued at $7,331,098.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Gene M. Zamiska sold 2,900 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $61.48, for a total transaction of $178,292.00. Following the completion of the sale, the senior vice president now owns 37,448 shares in the company, valued at $2,302,303.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,955 shares of company stock valued at $6,327,560 in the last 90 days. Company insiders own 0.30% of the company’s stock.

About Western Digital

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.