Why Western Digital (WDC) rose 3.61%
Western Digital (WDC) rose 3.61% on October 23, 2026 — Q2 guide ($5.0–5.2B rev) lifts storage outlook.
What happened
Western Digital guided fiscal Q2 revenue to $5.0B–$5.2B and adjusted EPS to $5.60–$6.00, with operating expenses of $400M–$410M. That follows a Q1 print of $4.38B revenue against a $4.15B estimate and adjusted EPS of $4.
Why it moved
The guide sits above where the Street had been, and the Q1 beat shows demand is running ahead of expectations. Higher revenue and EPS on a controlled expense base lifts the earnings base, which justifies a higher…
Why it matters
Western Digital is a core name in the AI Memory theme, where AI datacenters drive demand for high-capacity storage.
What would break the thesis
The thesis breaks if analysts cut estimates or management later narrows the range toward the low end. Pricing that softens faster than volume grows would also undercut the margin story behind the guide.
Sources
- WESTERN DIGITAL SEES Q2 REVENUE $5.0 BLN TO $5.2 BLN, Q2 ADJUSTED EPS $5.60 TO $6.00 AND Q2 OPERATING EXPENSES $400 MLN TO $410 MLN — MarketFeed
- Western Digital CEO says AI data beats compute as long-term bet after 55% revenue jump — ForexLive
- WESTERN DIGITAL Q1 2027 NET REVENUE $4.38 BLN, ABOVE ESTIMATE OF $4.15 BLN, WITH ADJUSTED EPS $4.64, WELL ABOVE ESTIMATE OF $4.10 — MarketFeed