Overview
- Western Digital posted September‑quarter adjusted EPS of $1.78 on $2.82 billion in revenue, up 137% and 27% year over year, and guided the December quarter above consensus.
- The company lifted its quarterly dividend by 25% to $0.125 and highlighted tight supply and a shift to higher‑capacity hard drives for cloud data centers.
- J.P. Morgan said Western Digital has purchase orders locked through calendar 2026 with five of its largest customers, signaling efforts to secure storage capacity.
- Shares of Western Digital and Seagate trade near record highs after year‑to‑date gains above 200%, as Wall Street issued a flurry of price‑target hikes on Western Digital to roughly $164.
- Seagate earlier projected second‑quarter revenue and profit ahead of expectations, and tech giants’ rising capex plus Goldman’s $3–$4 trillion AI‑infrastructure forecast underpin long‑term demand.