Western Digital (NASDAQ:WDC) Updates Q2 2025 Earnings Guidance

Western Digital (NASDAQ:WDC) updated its second quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.750-2.050 for the period, compared to the consensus estimate of 1.950. The company issued revenue guidance of $4.2 billion-$4.4 billion, compared to the consensus revenue estimate of $4.4 billion. Western Digital also updated its Q2 guidance to $1.75-2.05 EPS.

Western Digital Trading Up 4.7 %

NASDAQ:WDC traded up $3.13 on Friday, hitting $69.45. The stock had a trading volume of 16,216,267 shares, compared to its average volume of 6,179,462. The company has a fifty day moving average price of $65.31 and a two-hundred day moving average price of $69.73. Western Digital has a 1-year low of $35.62 and a 1-year high of $81.55. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a market cap of $24.01 billion, a price-to-earnings ratio of -38.16 and a beta of 1.39.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, July 31st. The data storage provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.08 by $0.17. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.77 billion. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. Equities research analysts expect that Western Digital will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WDC. Morgan Stanley lifted their price target on shares of Western Digital from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday. BNP Paribas dropped their target price on Western Digital from $95.00 to $90.00 in a report on Thursday. Citigroup decreased their price target on Western Digital from $95.00 to $85.00 and set a “buy” rating for the company in a report on Thursday. Summit Insights downgraded Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Benchmark restated a “buy” rating and set a $92.00 target price on shares of Western Digital in a research note on Friday. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.09.

Insider Transactions at Western Digital

In other news, CEO David Goeckeler sold 75,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $70.32, for a total value of $5,274,000.00. Following the completion of the sale, the chief executive officer now owns 896,630 shares of the company’s stock, valued at $63,051,021.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Western Digital news, EVP Robert Soderbery sold 12,154 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $57.09, for a total value of $693,871.86. Following the transaction, the executive vice president now owns 128,413 shares in the company, valued at $7,331,098.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Goeckeler sold 75,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $70.32, for a total transaction of $5,274,000.00. Following the completion of the transaction, the chief executive officer now directly owns 896,630 shares of the company’s stock, valued at approximately $63,051,021.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,955 shares of company stock valued at $6,327,560 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

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.