Western Digital Corporation (WDC)
Coverage summary
Aardvark Labs Capital Research has covered Western Digital Corporation (WDC) since July 31, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q1 FY27 Earnings Recap, published October 25, 2026. That report moved the rating from Outperform to Hold. The rating has changed once since coverage began.
Translations: 5 in Chinese.
Rating history
All WDC reports
Recap: Q1 FY27
Margins Hit 58% and the Guide Implies +69%, but Exabytes Grew 22% for a Second Quarter: Downgrading to Hold on the Trigger We Set in August
Recap: Q4 FY26
Every Guided Line Beaten, Guide Above Consensus, Stock Down 13%: Exabyte Growth Halved and Price Did All the Sequential Work
Recap: Q3 FY26
GM Crossed 50% Threshold, EPS +97% YoY, Net Cash Position Achieved, Investment Grade Upgrade, HAMR Qualifying with 4 Customers — Maintaining Outperform (High Conviction)
Recap: Q2 FY26
EPS +78% YoY First Quarter Above $2, GM 46.1% (+770bp YoY), CY28 LTA Extension, Q3 Guide +40% YoY — Maintaining Outperform, Raising Conviction to High
Recap: Q1 FY26
Triple-Beat + 1 Hyperscaler Signs Full CY27 Agreement + Dividend +25% + ePMR Shipments 2.2M: Maintaining Outperform
Recap: Q4 FY25
First Clean Pure-Play HDD Print Post-Spinoff: Revenue +30% YoY / GM +610bp / LTAs Cover All FY26 / $2B Buyback Initiated — Initiating at Outperform