Western Digital (WDC) Q3 Earnings and Revenues Surpass Estimates

Core Viewpoint - Western Digital reported quarterly earnings of $1.36 per share, exceeding the Zacks Consensus Estimate of $1.22 per share, and showing significant growth from $0.63 per share a year ago [1][2] Financial Performance - The company achieved revenues of $2.29 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.07%, but down from $3.46 billion year-over-year [3] - Over the last four quarters, Western Digital has exceeded consensus EPS estimates four times and revenue estimates twice [2][3] Stock Performance - Western Digital shares have declined approximately 31.9% since the beginning of the year, compared to a 5.5% decline in the S&P 500 [4] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.34 on revenues of $2.38 billion, and for the current fiscal year, it is $4.62 on revenues of $9.24 billion [8] - The estimate revisions trend for Western Digital has been unfavorable leading up to the earnings release [7] Industry Context - The Computer-Storage Devices industry, to which Western Digital belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [9]