Western Digital (WDC) Expected to Announce Quarterly Earnings on Thursday

Western Digital (NASDAQ:WDC) is expected to be releasing its Q2 2026 results after the market closes on Thursday, January 29th. Analysts expect the company to announce earnings of $1.92 per share and revenue of $2.9287 billion for the quarter. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. Individuals can check the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, January 29, 2026 at 4:30 PM ET.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, October 30th. The data storage provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.21. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.72 billion. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.The company’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. On average, analysts expect Western Digital to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Western Digital Price Performance

NASDAQ:WDC opened at $240.85 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $184.11 and its 200 day moving average price is $132.01. Western Digital has a 52-week low of $28.83 and a 52-week high of $250.44. The firm has a market cap of $82.35 billion, a P/E ratio of 35.06, a PEG ratio of 1.13 and a beta of 1.78.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a dividend of $0.125 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. Western Digital’s dividend payout ratio (DPR) is currently 7.28%.

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 2,801 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $160.57, for a total value of $449,756.57. Following the transaction, the insider owned 144,596 shares in the company, valued at $23,217,779.72. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $150.69, for a total transaction of $3,013,800.00. Following the sale, the chief executive officer owned 645,467 shares of the company’s stock, valued at approximately $97,265,422.23. This represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,816 shares of company stock worth $4,116,148. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Western Digital

A number of institutional investors have recently modified their holdings of WDC. Rakuten Securities Inc. increased its stake in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Western Digital in the third quarter valued at about $33,000. BOKF NA increased its position in Western Digital by 6,700.0% in the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Western Digital by 229.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after purchasing an additional 967 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Western Digital during the 2nd quarter worth about $66,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WDC shares. Wells Fargo & Company lifted their price target on shares of Western Digital from $180.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Wedbush lifted their target price on Western Digital from $90.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. boosted their target price on Western Digital from $94.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Evercore ISI reiterated an “outperform” rating and issued a $230.00 price target on shares of Western Digital in a research report on Friday, January 16th. Finally, Susquehanna lifted their price target on Western Digital from $135.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $206.29.

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.