Western Digital (WDC) reported third‑quarter revenue of $3.34 billion—a 45 % year‑over‑year increase—and posted adjusted earnings of $2.72 per share, while also projecting fourth‑quarter revenue near $3.65 billion, both figures surpassing analyst expectations.
Financial Results
The earnings beat stems from heightened demand for high‑capacity hard‑disk drives that power artificial‑intelligence infrastructure across cloud and enterprise environments. Investors rewarded the beat, driving the stock price up more than 100 % earlier in 2026.
Strategic Shift