Overview
- Fiscal Q2 revenue came in at $3.02 billion versus the $2.93 billion consensus, with adjusted EPS of $2.13 beating expectations of $1.93.
- Western Digital guided Q3 sales to $3.1 billion–$3.3 billion and projected adjusted EPS of $2.15–$2.45, both above Wall Street forecasts.
- Shares hit an intraday record with roughly 11% gains ahead of the report following Seagate’s blowout results, then slipped after-hours on the release.
- Analysts cite strong AI data-center demand and a real supply crunch supporting pricing power, with target hikes including Mizuho at $265 and Rosenblatt at $270.
- Commentators urged caution about chasing the rally as some investors trimmed positions, while Western Digital flagged HAMR entering customer qualification this year with volume production targeted for the first half of 2027.