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

Western Digital (NASDAQ:WDC) issued an update on its second quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.750-2.050 for the period, compared to the consensus EPS 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 Stock Performance

WDC traded up $3.13 during trading on Friday, hitting $69.45. The stock had a trading volume of 17,644,446 shares, compared to its average volume of 6,179,462. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.32. The firm has a market capitalization of $22.68 billion, a P/E ratio of -13.97 and a beta of 1.39. The company’s 50-day moving average price is $65.42 and its 200 day moving average price is $69.68. Western Digital has a twelve month low of $35.62 and a twelve month high of $81.55.

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

Analyst Ratings Changes

Several equities analysts have issued reports on WDC shares. UBS Group dropped their price objective on shares of Western Digital from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday. Evercore ISI restated an “outperform” rating and set a $85.00 target price on shares of Western Digital in a research report on Thursday, August 15th. Benchmark restated a “buy” rating and set a $92.00 target price on shares of Western Digital in a research report on Friday. Barclays boosted their target price on shares of Western Digital from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Susquehanna boosted their target price on shares of Western Digital from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and an average price target of $86.09.

Insider Activity at Western Digital

In related news, EVP Robert Soderbery sold 12,154 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $57.09, for a total value of $693,871.86. Following the completion of the transaction, the executive vice president now owns 128,413 shares of the company’s stock, valued at approximately $7,331,098.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, 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 owns 896,630 shares of the company’s stock, valued at $63,051,021.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Soderbery sold 12,154 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $57.09, for a total transaction of $693,871.86. Following the transaction, the executive vice president now directly owns 128,413 shares of the company’s stock, valued at approximately $7,331,098.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,955 shares of company stock valued at $6,327,560. 0.28% of the stock is owned by insiders.

About Western Digital

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.