Western Digital Corporation (WDC) earnings on April 30, 2026
More Western Digital Corporation earnings
Prior outlook: Pessimistic Outcome: Missed
The stock rallied strongly after its earnings report, overcoming analyst concerns. The market's AI-driven rally continued, pushing the price higher.
WDC price around the earnings
405.05
Change: -1.9%
2026-04-30, 20:37 UTC
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
Experts cautious — risk outweighs reward.
Experts note the stock has seen a significant rally, driven by AI excitement and a strong history of exceeding expectations. However, they also point out that the stock may be overvalued and that analysts are not projecting much further upside.
Context analyzed before publication
- Summary
- Experts cautious — risk outweighs reward.
- Reasoning
- Experts note the stock has seen a significant rally, driven by AI excitement and a strong history of exceeding expectations. However, they also point out that the stock may be overvalued and that analysts cite limited upside potential.
- Playbook
- Given the overbought conditions and analyst concerns about the valuation, the scenario is pessimistic.
- Trend
- Outlook deteriorating over past three sessions.
Analysts
Drivers
-
Analysts
Negative
The average price target from analysts suggests a potential decrease in value from current levels. While some firms initiated coverage positively, a key analyst maintained a neutral stance, contributing to a cautious outlook.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.52
- Analysts covering the stock
- 23
- Average price target
- 351.48
- Lowest price target
- 182
- Highest price target
- 440
- Upside to price target
- -8.4%
- Quarterly earnings growth
- 210.1%
- Revenue growth
- 25.2%
- Forward EPS
- 14.1
- Trailing EPS
- 10.59
- Analyst moves in the last 60 days
- 4
- Strong buy: 4
- Buy: 17
- Hold: 3
- Sell: 0
- Strong sell: 1
- Strong buy
- 4
- Buy
- 17
- Hold
- 3
- Sell
- 0
- Strong sell
- 1
- April 21, 2026 · UBS: Maintains rating (Neutral → Neutral)
- April 16, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
- April 13, 2026 · Citigroup: Maintains rating (Buy → Buy)
- April 6, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
News and sentiment
Drivers
-
News & sentiment
Positive
Positive news regarding the artificial intelligence sector and the stock's recent performance contribute to a favorable sentiment. However, these positive factors are outweighed by technical indicators suggesting the stock is overvalued.
Evidence
Sentiment
- Sentiment
- Neutral
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- UBS Maintains Neutral on Western Digital, Raises Price Target to $350 — Benzinga
- Nvidia's AI Reign Under Threat: These 4 Memory Stocks Are Now Leading The Chip Rally — Benzinga
- Citigroup Maintains Buy on Western Digital, Raises Price Target to $405 — Benzinga
- Here's How Much You Would Have Made Owning Western Digital Stock In The Last 15 Years — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has experienced significant price increases over the last 14 and 30 days. Its performance relative to the broader market suggests it has become overvalued, increasing the risk of a pessimistic scenario.
Evidence
- Average true range (ATR)
- 4.8%
- Distance to 52-week high
- -1.5%
- 14-day change (14d)
- +29.1%
- 30-day change
- +44.2%
- 30-day relative strength
- +40.4%
- Benchmark change
- +3.8%
- Nearest support
- 249.37
- Nearest resistance
- 389.61
- Volume accumulation ratio
- 0.82
Trends
Evidence
- Average earnings surprise
- +14.6%
- January 29, 2026: actual EPS 2.13 vs estimate 1.93 (surprise +10.5%)
- October 30, 2025: actual EPS 1.78 vs estimate 1.58 (surprise +12.9%)
- July 30, 2025: actual EPS 1.66 vs estimate 1.48 (surprise +12.1%)
- April 30, 2025: actual EPS 1.36 vs estimate 1.11 (surprise +22.7%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4.8%
- 75th percentile move
- 8.4%
- 90th percentile move
- 9.6%
- Up / down moves
- 10 / 9
- Average up move
- +5.1%
- Average down move
- -5.6%
Monitoring and close
What Western Digital Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +5.4%
- Max favorable move (MFE)
- 0%
- Max adverse move (MAE)
- 6.2%