Western Digital (NASDAQ:WDC) Posts Earnings Results, Misses Estimates By $0.36 EPS

Western Digital (NASDAQ:WDC) posted its quarterly earnings results on Wednesday. The data storage provider reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.36), Zacks reports. Western Digital had a return on equity of 8.57% and a net margin of 4.81%. Western Digital updated its Q3 2025 guidance to 0.900-1.200 EPS.

Western Digital Stock Performance

Shares of Western Digital stock traded down $0.07 during trading hours on Wednesday, reaching $62.80. The company’s stock had a trading volume of 10,451,925 shares, compared to its average volume of 6,069,527. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.47. Western Digital has a one year low of $52.77 and a one year high of $81.55. The company’s 50 day simple moving average is $65.72 and its 200 day simple moving average is $65.64. The stock has a market cap of $21.71 billion, a P/E ratio of 36.94 and a beta of 1.43.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WDC shares. Barclays reduced their price target on Western Digital from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $95.00 price target on shares of Western Digital in a research note on Friday, January 17th. Mizuho reduced their target price on Western Digital from $90.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Bank of America decreased their price target on shares of Western Digital from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Rosenblatt Securities cut their price target on shares of Western Digital from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.68.

Insider Buying and Selling

In other Western Digital news, SVP Gene M. Zamiska sold 658 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total value of $46,053.42. Following the completion of the transaction, the senior vice president now owns 28,863 shares in the company, valued at approximately $2,020,121.37. This represents a 2.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,347 shares of company stock worth $93,027 over the last quarter. 0.30% of the stock is owned by company insiders.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.