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

Western Digital (NASDAQ:WDC) released its quarterly earnings results on Wednesday. The data storage provider reported $1.55 earnings per share 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

Western Digital stock opened at $62.80 on Thursday. The firm’s 50 day simple moving average is $65.70 and its 200 day simple moving average is $65.62. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Western Digital has a 1-year low of $52.77 and a 1-year high of $81.55. The firm has a market capitalization of $21.71 billion, a PE ratio of 36.94 and a beta of 1.43.

Analyst Upgrades and Downgrades

WDC has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on Western Digital from $100.00 to $93.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Barclays reduced their price objective on Western Digital from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Bank of America lowered their target price on Western Digital from $89.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of Western Digital in a research report on Friday, November 29th. Finally, Mizuho lowered their price objective on shares of Western Digital from $90.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $85.68.

Insider Activity

In related news, SVP Gene M. Zamiska sold 658 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total value of $46,053.42. Following the transaction, the senior vice president now directly owns 28,863 shares in the company, valued at approximately $2,020,121.37. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,347 shares of company stock worth $93,027 in the last three months. Corporate insiders own 0.30% of the company’s stock.

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.