Core Viewpoint - Western Digital (WDC.US) has seen its stock price rise over 4% to a record high of $89.59, driven by a price surge in the storage industry due to supply-demand imbalances and strong demand from AI applications [1] Industry Summary - The storage industry is currently experiencing a price increase, primarily influenced by production cuts leading to supply-demand imbalances and robust demand from artificial intelligence applications [1] - The demand for storage is surging in sectors such as data centers, AI servers, AI PCs, and smart vehicles, prompting storage chip manufacturers to implement production cuts and price hikes to adapt to market changes [1] - The recovery trend in the storage market is expected to continue until 2025 or even 2026 [1] Company Summary - Morgan Stanley has maintained a buy rating on Western Digital and raised its target price from $92 to $99 [1]

智通财经APP获悉，周四，西部数据(WDC.US)涨逾4%，报89.59美元，再创历史新高。据了解，存储行 业目前正经历价格上涨浪潮，由减产措施导致供需失衡以及人工智能(AI)应用需求强劲驱动，主要体现 在NAND闪存和DRAM产品上，并且预计这种回暖趋势将持续至2025年甚至2026年。数据中心、AI服务 器、AI PC以及智能汽车等领域对存储的需求激增，促使存储芯片厂商纷纷采取减产、涨价等措施，以 应对市场变化并抓住新一轮的周期上行。摩根士丹利在周三的报告中维持对西部数据的买入评级，并将 其目标股价从92美元上调至99美元。 ...

PresentationAsiya MerchantVP & Analyst Here because we're always running short on time. It's busy. It's day 1 of our Global TMT conference. It feels like the afternoon already. But -- really pleased here to have Irving and Kris, both -- as well as WDC's IR, who are here in the audience. This is expected to be an open fireside. So we have some questions. But before we kick things off, I'd like to hand it over to WDC first for some prepared commentary, and then we can kick it off with some questions. So welco ...

Western Digital (WDC) 2025 Conference September 03, 2025 09:30 AM ET Company ParticipantsAsiya Merchant - Technology Equity ResearchIrving Tan - CEOKris Sennesael - CFOAsiya MerchantPicking here because we're always running short on time. It's busy. It's day one of our Global TMT Conference. Feels like the afternoon already. Really pleased here to have Irving and Chris, both as well as Western Digital's IR, who are here in the audience. This is expected to be an open fireside, so we have some questions. Bef ...

Investment Rating - The report maintains a constructive outlook on shares of Amphenol Corp (APH), Dell Technologies (DELL), Corning Inc (GLW), Hewlett Packard Enterprise (HPE), and the memory/disk drive sector including Seagate Technology (STX), Western Digital Corp (WDC), and SanDisk Corp (SNDK) [4]. Core Insights - The upcoming Citi's 33rd annual Global Technology Conference will feature over 240 technology companies, focusing on updates regarding customer and enterprise demand dynamics, as well as supply chain conditions [1]. - Key investor questions include the impact of Generative AI on infrastructure spending, enterprise spending intentions, consumer spending trends, margin impacts from rising component costs, and capital allocation strategies [2][3]. Company Summaries - **Amphenol Corp (APH)**: Current price at $109.36 with a market cap of $133.52 billion. The target price is set at $125.00 with an expected share price return of 14.3% [7]. - **CDW Corp (CDW)**: Current price at $167.00 with a market cap of $21.89 billion. The target price is $200.00 with an expected share price return of 19.8% [7]. - **Corning Inc (GLW)**: Current price at $65.77 with a market cap of $56.34 billion. The target price is $72.00 with an expected share price return of 9.5% [7]. - **Dell Technologies (DELL)**: Current price at $130.84 with a market cap of $88.50 billion. The target price is $160.00 with an expected share price return of 22.3% [7]. - **Hewlett Packard Enterprise (HPE)**: Current price at $22.45 with a market cap of $29.46 billion. The target price is $25.00 with an expected share price return of 11.4% [7]. - **SanDisk Corp (SNDK)**: Current price at $46.37 with a market cap of $6.76 billion. The target price is $57.00 with an expected share price return of 22.9% [7]. - **Seagate Technology (STX)**: Current price at $159.19 with a market cap of $33.86 billion. The target price is $167.00 with an expected share price return of 4.9% [7]. - **Western Digital Corp (WDC)**: Current price at $76.97 with a market cap of $26.70 billion. The target price is $88.00 with an expected share price return of 14.3% [7].

Company Overview - Western Digital (WDC) closed at $80.34, down 2.07% from the previous trading session, underperforming the S&P 500's loss of 0.64% [1] - Over the past month, WDC shares gained 4.26%, outperforming the Computer and Technology sector's gain of 2.91% and the S&P 500's gain of 1.91% [1] Upcoming Earnings - Analysts expect Western Digital to report earnings of $1.57 per share, reflecting a year-over-year decline of 11.8% [2] - The consensus estimate projects revenue of $2.7 billion, indicating a 34.03% decrease from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $6.5 per share and revenue of $10.92 billion, representing changes of +31.85% and -17.76% respectively from the previous year [3] - Recent changes in analyst estimates may indicate shifting business trends, with positive revisions suggesting analyst optimism [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have contributed an average annual return of +25% since 1988 [5] - Western Digital currently holds a Zacks Rank of 1 (Strong Buy), with a 9.55% rise in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Western Digital is trading at a Forward P/E ratio of 12.62, which is lower than its industry's Forward P/E of 15.14 [6] - The company has a PEG ratio of 0.91, compared to the average PEG ratio of 2.32 for the Computer-Storage Devices industry [6] Industry Context - The Computer-Storage Devices industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Key Takeaways Western Digital's non-GAAP gross margin rose to 39.4% in fiscal 2025, with operating income up 578%.Spinning off SanDisk and rising nearline demand boosted margins, cash flow and financial strength.WDC guides Q1 revenue of $2.7B, gross margin of 41-42% and EPS of $1.54 at midpoint.Western Digital Corporation (WDC) has surprised investors with a strong turnaround in profitability over the past year. After struggling through the memory downturn and heavy losses in fiscal 2024, the company has bo ...

Core Viewpoint - Western Digital (WDC) has shown strong stock performance, with a 14.8% increase over the past month and a 32.9% gain since the start of the year, outperforming both the Zacks Computer and Technology sector and the Zacks Computer-Storage Devices industry [1] Financial Performance - Western Digital has consistently exceeded earnings expectations, reporting an EPS of $1.66 against a consensus estimate of $1.48 in its last earnings report on July 30, 2025 [2] - For the current fiscal year, the company is projected to achieve earnings of $6.5 per share on revenues of $10.92 billion, reflecting a 31.85% increase in EPS but a 17.76% decrease in revenues [3] - The next fiscal year forecasts earnings of $7.11 per share on revenues of $11.28 billion, indicating year-over-year changes of 9.38% in EPS and 3.32% in revenues [3] Valuation Metrics - The stock currently trades at 12.2 times the current fiscal year EPS estimates, below the peer industry average of 14.4 times [7] - On a trailing cash flow basis, Western Digital trades at 13.1 times, compared to the peer group's average of 15.3 times [7] - The company has a PEG ratio of 0.88, which does not place it among the top tier of stocks from a value perspective [7] Style Scores and Zacks Rank - Western Digital has a Value Score of B, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of B [6] - The stock holds a Zacks Rank of 1 (Strong Buy), supported by a solid earnings estimate revision trend, indicating potential for further gains [8]

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Western Digital Corporation's ((WDC) shares have gained 51.8% in the past three months, outperforming the Zacks Computer-Storage Devices industry's rise of 13.3%. The stock has also outpaced the Zacks Computer & Technology sector and the S&P 500's growth of 13.6% and 9.9%, respectively. This surge is powered primarily by robust cloud demand and AI-driven storage needs. The company has outperformed its competitors in the storage space, like Seagate Technology Holdings plc ((STX), Pure Storage ((PSTG) and Net ...