Western Digital (NASDAQ:WDC) Issues 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.

Western Digital Trading Up 4.7 %

WDC traded up $3.13 during trading on Friday, hitting $69.45. 17,644,446 shares of the stock were exchanged, compared to its average volume of 6,179,462. The firm has a market cap of $22.68 billion, a price-to-earnings ratio of -13.97 and a beta of 1.39. The firm has a 50 day simple moving average of $65.42 and a 200 day simple moving average of $69.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.32. Western Digital has a 1 year low of $35.62 and a 1 year high of $81.55.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.77 billion. As a group, equities analysts expect that Western Digital will post 7.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WDC shares. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of Western Digital in a research note on Friday. Summit Insights downgraded shares of Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group cut their price objective on shares of Western Digital from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday. Cantor Fitzgerald raised their target price on Western Digital from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Susquehanna upped their target price on Western Digital from $75.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and a consensus target price of $86.09.

Insider Activity at Western Digital

In other Western Digital news, EVP Robert Soderbery sold 12,154 shares of Western Digital stock in a transaction dated 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO David Goeckeler sold 75,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $70.32, for a total transaction of $5,274,000.00. Following the completion of the sale, the chief executive officer now owns 896,630 shares in the company, valued at $63,051,021.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Soderbery sold 12,154 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,955 shares of company stock valued at $6,327,560 over the last 90 days. 0.28% of the stock is owned by corporate insiders.

Western Digital Company Profile

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.