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Western Digital Beats Q4 Estimates, Stock Falls on Guidance
Benzinga • • business
Key Points:
- Western Digital Corp. reported fourth-quarter earnings of $3.56 per share, surpassing Wall Street estimates of $3.29 by 7.88%, with revenue reaching $3.75 billion, beating the consensus estimate of $3.69 billion and marking significant growth from $2.61 billion the previous year.
- CFO Kris Sennesael highlighted fiscal 2026 as an outstanding year driven by broadening demand, deeper customer engagement, and disciplined execution, expressing confidence in long-term growth, margin expansion, and strong free cash flow.
- For the first quarter of fiscal 2027, Western Digital projects adjusted EPS between $3.85 and $4.15 and revenue between $4 billion and $4.2 billion, both exceeding analyst estimates.
- Despite the positive earnings report, Western Digital's stock price fell 8.89% to $473 in extended trading following the announcement.
