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 ...

For fiscal 2025, revenues skyrocketed 51% year over year to $9.5 billion. During the quarter, WDC shipped 190 exabytes of storage to customers, up 32% year over year, fueled by strong demand for nearline drives and growing volumes of its 26TB CMR and 32TB UltraSMR products. Also, shipments of its 26TB CMR and 32TB UltraSMR drives more than doubled from the previous quarter, topping 1.7 million units in June. This was one of the fastest ramps in its history. On Feb. 21, 2025, Western Digital split its HDD an ...