Western Digital (WDC)

Last night, Western Digital (WDC; $64.25; O/P) filed an 8-K in which it disclosed that it expected FQ2 (Dec) sales to be at mid-point of its original guidance range of $4.2-4.4B but that adjusted EPS…

We reduce our F2025/F2026E (Jun) EPS for Western Digital (WDC; $60.70; O/P) from $7.50/$9.00 to $6.50/$7.60 to incorporate the impact of greater than expected NAND pricing pressures (~50% of sales) during December within its soon…

Yesterday, the shares of Western Digital (WDC; $65.99; O/P) declined 6% on the heels of CEO Dave Goeckeler and CFO Wissam Jabre presenting at an investor conference where the company called out that it is…

We are surprised the shares of Western Digital (WDC; $66.43; O/P) did not move even higher late last week (+4% since Wednesday’s close vs. -17% since mid-July) for the valuation support provided from reports that…

We reiterate our Outperform and $90 target on the shares of Western Digital (WDC; $66.32) after FQ1 (Sept) results and guidance more than supported further success on a what we think can be a powerful…

Western Digital (WDC; $66.32; O/P) reported FQ1 (Sep) non-GAAP EPS of $1.78, which was ahead of our $1.72 and the Street’s $1.71. Recall, WDC’s FQ1 guidance called for sales and EPS of $4.0-4.2B and $1.55-1.85,…

We expect Western Digital’s (WDC; $66.95; O/P) FQ1 (Sep) results and outlook to at least live up to our slightly above consensus expectations when it reports next Thursday (10/24 after market), led by its HDD…

We reviewed Western Digital’s (WDC; $65.03; O/P) recently filed 10-K for the fiscal year ending June 28th, 2024. Most importantly, WDC did not offer up any new disclosures in the filing on its pending spin-off…

We bump up our F2025E (Jun) EPS for Western Digital (WDC; $67.05; O/P) from $8.50 to $8.70, including an annualized FQ4 rate of $10.25+, as we also initiate F2026E EPS at $11.50 (+32% YoY), vs….

Western Digital (WDC; $67.05; O/P) reported FQ4 (Jun) non-GAAP EPS of $1.44 ex-“one time” net charges of $0.56 per share, which was well ahead of our $1.15 and the Street’s $1.18. Recall, WDC’s FQ4 guidance…

We reiterate our Outperform and $100 target on the shares of Western Digital (WDC; $77.22) ahead of its FQ4 (Jun) results and outlook, which are scheduled for Wednesday, July 31st (after market). Most importantly, we…

We reiterate our Outperform on the shares of Western Digital (WDC; $76.52; O/P) and bump up our target from $95 to $100 after taking in the company’s “New Era of NAND” webcast on Monday (6/10)…

We raise our F2024/F2025E (Jun) EPS for Western Digital (WDC; $69.44; O/P) from ($1.40)/$7.25 to ($0.67)/$8.50 after FQ3 (Mar) results and guidance handily beat Street expectations on better hard disk drive shipments (HDD; 51% of…

We reiterate our Outperform on Western Digital (WDC; $72.06) and raise our target from $80 to $85 ahead of its FQ3E (Mar) results, scheduled for April 25th (after market). We recently raised our F2024/F2025E (Jun)…

We raise our F2024/F2025E (Jun) EPS for Western Digital (WDC; $63.49; O/P) from ($1.75)/$6.30 to ($1.40)/$7.25 after CEO David Goeckeler and CFO Wissam Jabre offered up a positive guidance update at an investor conference earlier…