WDCWestern Digital Corporation
- Next report
- No date yet
- none in the next 8 weeks
- Last result
- $4.43Beat
- vs $3.99 expected on Oct 22
- Stock move on it
- −2.97%
- one session
- Typical move
- ±9.0%
- average over 2 reports
- Price
- $311.33
- −0.63% today · $159B cap
Past and upcoming reports
2
| Oct 22, 2026 | Sep 30, 2026 | Time not given | $3.99 | Beat$4.43 | −2.97% |
| Jul 29, 2026 | Jun 30, 2026 | Time not given | $3.27 | not recorded | +15.00%2d |
After the report
Jul 29, 2026 report
This covers the Jul 29, 2026 report. The Oct 22, 2026 numbers are in the table above.
WDC Surges 15% as HDD Demand Thesis Gains Traction, No EPS Reported
Western Digital rallied 15.4% on July 30 following its Jul 29 earnings report. Actual EPS is unavailable. the stock move signals a positive market interpretation of management's narrative. The HDD demand thesis and Kioxia merger potential are the key catalysts.
Reported against expected
Actual EPS not available. stock surged 15.4% on Jul 30, suggesting a market-positive interpretation of results.
Guidance
Guidance not specifically stated. the sharp price increase implies forward outlook was received favorably or that management commentary on HDD/margins was constructive.
How the stock reacted
Stock closed at $533.09 (+15.38%) on Jul 30 vs previous close of $462.04. volume 8.04M (elevated).
What changed
Price surged 15% on no reported EPS. market believes HDD cycle and merger are accelerating.
What the price now assumes
Market is pricing a structural HDD upcycle and a successful Kioxia merger, validated by volume spike.
What it means for the business
Upgrade bias: watch next-quarter HDD revenue and merger milestones for confirmation.
The next one to three months, as we saw it then
Better case40%
HDD demand accelerates on cloud/Hyperscaler orders. Kioxia merger closes, creating NAND flash synergies and EPS beats drive upward revisions.
Base case35%
HDD demand remains stable but not accelerating. NAND pricing stabilizes. merger proceeds slowly. stock trades range-bound between $480-$560.
Worse case25%
HDD demand peaks as cloud capex rotation to SSD accelerates. Kioxia merger faces antitrust hurdles. P/E at 32x forward is stretched without earnings visibility.
If you hold it
Hold unless next-quarter revenue misses guidance materially or customer concentration risk worsens.
If you are watching
Enter on a confirmed EPS beat next quarter and/or definitive Kioxia merger terms. No-trade: if next quarter guidance implies HDD deceleration or if rival SK hynix signals aggressive NAND pricing.
Scenario odds are a judgement, not measured.