Western Digital Corporation (WDC) earnings on August 5, 2026
More Western Digital Corporation earnings
Prior outlook: Optimistic Outcome: Missed
Western Digital opened higher but crashed after reporting earnings, closing down nearly 13% for the day. The market reacted harshly to the results despite some analyst support.
WDC price around the earnings
451.52
Change: -13.0%
2026-08-06, 20:00 UTC
Start of the measured window
End of the measured window
410.94
457.13
503.31
549.50
519.22
August 5, 2026
August 6, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Missed
- Thesis published
- Results released
Strong earnings beat history and strong analyst support drive an optimistic outlook, despite high implied volatility.
Context analyzed before publication
- Trend
- Trajectory improved from 34.2 to 93.8; strong earnings history and strong analyst support confirm an optimistic setup.
Analysts
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.5
- Analysts covering the stock
- 24
- Average price target
- 655.5
- Lowest price target
- 415
- Highest price target
- 1,050
- Upside to price target
- 25.5%
- Quarterly earnings growth
- 516.3%
- Revenue growth
- 45.5%
- Forward EPS
- 18.37
- Trailing EPS
- 16.73
- Analyst moves in the last 60 days
- 8
- Strong buy: 4
- Buy: 18
- Hold: 3
- Sell: 0
- Strong sell: 1
- Strong buy
- 4
- Buy
- 18
- Hold
- 3
- Sell
- 0
- Strong sell
- 1
- July 13, 2026 · Citigroup: Maintains rating (Buy → Buy)
- July 10, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- July 8, 2026 · Susquehanna: Maintains rating (Neutral → Neutral)
- July 1, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- June 29, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
- June 15, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- June 12, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
- June 8, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Cautious
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (5)
- Western Digital Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- If You Invested $100 In Western Digital Stock 10 Years Ago, You Would Have This Much Today (opens in a new tab) — Benzinga
- Earnings Volatility Watch: SanDisk and Nine Other Stocks Could Swing Up To 17.5% This Week (opens in a new tab) — Benzinga
- Western Digital Shares Rise 4% After Key Trading Signal (opens in a new tab) — Benzinga
- Why Is Western Digital Stock Surging on Wednesday? (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 548.37
- Average true range (ATR)
- 9.2%
- Distance to 52-week high
- -30.0%
- 14-day change (14d)
- -0.0%
- 30-day change (33d)
- +1.8%
- 30-day relative strength
- +0.2%
- QQQ change (33d)
- +1.6%
- Nearest support
- 546.82
- Distance to nearest support
- 0.3%
- Nearest resistance
- 553.9
- Distance to nearest resistance
- 1%
- Volume accumulation ratio (14d / 46d)
- 1.1
- Minor: 546.82 (0.3% away, 0.03 ATR, 6 touches)
- Mid: 539.77 (1.6% away, 0.17 ATR, 14 touches)
- Mid: 532.22 (3% away, 0.32 ATR, 19 touches)
- Minor: 553.9 (1% away, 0.11 ATR, 6 touches)
- Mid: 562.33 (2.6% away, 0.28 ATR, 17 touches)
- Mid: 569.98 (3.9% away, 0.43 ATR, 13 touches)
Trends
Evidence
- Average earnings surprise
- +12.3%
- April 30, 2026: actual EPS 2.72 vs estimate 2.39 (surprise +13.6%)
- 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%)
Expected move
- Implied move
- +9.3%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 4.8%
- 75th percentile move
- 8.2%
- 90th percentile move
- 9.5%
- Up / down moves
- 10 / 10
- Average up move
- +5.1%
- Average down move
- -5.1%
Monitoring and close
What Western Digital Corporation reported
- Status
- Finished
| Actual EPS | 3.56 |
|---|---|
| EPS estimate | 3.29 |
| EPS surprise | +8.2% |
| Revenue | $3,747 million |
| Revenue estimate | $3,692 million |
| Revenue surprise | +1.5% |
Western Digital beat Q4 expectations, but shares fell on guidance. The Q1 outlook is optimistic, with EPS and sales projected above estimates.
Sources (4)
- Western Digital Beats Q4 Estimates, Stock Falls on Guidance (opens in a new tab) — Benzinga
- Western Digital Sees Q1 Adj EPS $3.85-$4.15 vs $3.81 Est; Sees Sales $4.000B-$4.200B vs $4.036B Est (opens in a new tab) — Benzinga
- Western Digital beat expectations with adjusted earnings of $3.56 per share and sales of $3.747 billion, above forecasts. — Benzinga
- Western Digital Q4 Adj. EPS $3.56 Beats $3.29 Estimate, Sales $3.747B Beat $3.692B Estimate (opens in a new tab) — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -14.4% pre-market, a move 3x the stock's usual reaction (about 5%). The figures overturn the prior optimistic scenario. Across our market history, in the 730 similar cases the close held that direction 96% of the time.
How the stock reacted
- Outcome
- Missed
- Consolidated
- -12.9%
- Max favorable move (MFE)
- 3.6%
- Max adverse move (MAE)
- 21.5%