Western Digital (WDC) Stock Price, News & Analysis

Company Overview

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments. Western Digital supplies components to original equipment manufacturers (OEMs), sells branded storage products for consumers and small businesses, and provides system-level solutions and services aimed at hyperscale cloud, enterprise storage and other data-intensive workloads.

Founded in 1970, the company has evolved from early semiconductor work into a diversified storage technology provider. A major strategic milestone in its recent history was the acquisition of SanDisk, which expanded Western Digital’s footprint in NAND flash memory and solid-state storage. Over time the company has invested in research and development, manufacturing capacity and partnerships to support shifts in demand driven by cloud computing, mobile devices and edge applications.

Western Digital operates globally with design, manufacturing and customer-support operations across multiple regions to serve a worldwide customer base. As a publicly traded company, it competes on product innovation, scale and the ability to deliver a range of storage media and systems that address the needs of consumers, enterprise IT teams and large cloud providers.

Key Stats

• Today's Range: $571.25 to $602.54
• 50-Day Range: $251.67 to $594.11
• 52-Week Range: $53.47 to $602.54
• Volume: 7.81 million shs
• Average Volume: 6.44 million shs
• Market Capitalization: $204.78 billion
• P/E Ratio: 35.47
• Dividend Yield: 0.08%
• Price Target: $424.33
• Consensus Rating: Moderate Buy

Western Digital Stock Analysis - MarketRank™

Western Digital scored higher than 73% of companies evaluated by MarketBeat, and ranked 183rd out of 630 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Western Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 1 strong buy rating, 18 buy ratings, 3 hold ratings, and no sell ratings.

Downside Risk

Western Digital has a consensus price target of $424.33, representing about 28.6% downside from its current price of $594.11.

Amount of Analyst Coverage

Western Digital has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 74.61%

Earnings Growth

Earnings for Western Digital are expected to grow by 74.61% in the coming year, from $9.57 to $16.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Digital is 72.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 38.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Digital is 72.56, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 82.10.

Price to Book Value per Share Ratio

Western Digital has a P/B Ratio of 39.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.65% of the float of Western Digital has been sold short.

Short Interest Ratio / Days to Cover

Western Digital has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Western Digital has recently increased by 2.14%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Western Digital has a dividend yield of 0.09%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Western Digital does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Western Digital is 2.99%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Western Digital will have a dividend payout ratio of 2.99% next year. This indicates that Western Digital will be able to sustain or increase its dividend.

News and Social Media

• Score: 4.3 / 5
• News Sentiment: 0.87

News Sentiment

Western Digital has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 86 news articles for Western Digital this week, compared to 12 articles on an average week.

Search Interest

407 people have searched for WDC on MarketBeat in the last 30 days. This is an increase of 134% compared to the previous 30 days.

MarketBeat Follows

107 people have added Western Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 245% compared to the previous 30 days.

Company Ownership

• Score: 1.4 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Western Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,952,122.00 in company stock.

Percentage Held by Insiders

0.18% of the stock of Western Digital is held by insiders.

Percentage Held by Institutions

92.51% of the stock of Western Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Record date for 3/18 Dividend: 3/05/2026
• Ex-Dividend for 3/18 Dividend: 3/05/2026
• Dividend Payable: 3/18/2026
• Last Earnings: 4/30/2026
• Today: 6/03/2026
• 2026 Evercore Global TMT Conference: 6/03/2026
• Record date for 6/17 Dividend: 6/05/2026
• Ex-Dividend for 6/17 Dividend: 6/05/2026
• Dividend Payable: 6/17/2026
• Fiscal Year End: 6/30/2026
• Next Earnings (Estimated): 7/29/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: COMP - STORAGE DE
• Sub-Industry: Computer Storage & Peripherals
• Current Symbol: NASDAQ:WDC
• CIK: 106040
• Web: www.westerndigital.com
• Phone: (408) 717-6000
• Fax: 949-672-5408
• Employees: 40,000
• Year Founded: 1970

Price Target and Rating

• Average Price Target for Western Digital: $424.33
• High Price Target: $685.00
• Low Price Target: $163.00
• Potential Upside/Downside: -28.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.91
• Research Coverage: 22 Analysts

Profitability

• EPS (Trailing Twelve Months): $16.75
• Trailing P/E Ratio: 35.47
• Forward P/E Ratio: 62.08
• P/E Growth: N/A
• Net Income: $1.89 billion
• Net Margins: 55.29%
• Pretax Margin: 59.48%
• Return on Equity: 42.95%
• Return on Assets: 20.37%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.49
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: $9.52 billion
• Price / Sales: 21.51
• Cash Flow: $6.38 per share
• Price / Cash Flow: 93.06
• Book Value: $15.22 per share
• Price / Book: 39.03

Miscellaneous

• Outstanding Shares: 344,680,000
• Free Float: 344,062,000
• Market Cap: $204.78 billion
• Optionable: Optionable
• Beta: 2.13