WDC Earnings

WDC reported its earnings on 2026-01-29, showcasing a revenue of 3.02B against an estimate of 2.94B, resulting in a 2.62% surprise. The EPS was 2.13, surpassing the expected 1.95 by 9.23%. The stock experienced a -10.12% price change on the earnings day and a -3.23% change over the next five days, reflecting market reactions to the results.

Following WDC's earnings announcement on 2026-01-29, the stock price moved by -10.12% on the day of the release. Over the subsequent five days, it saw a -3.23% change. Historically, WDC's stock price tends to shift by an average of -5.34% in the 10 days leading up to earnings and 4.62% in the 10 days following, providing insight into potential market.

For 2026/Q3, analysts estimate WDC's annual revenue to reach 2.92B, while the EPS is projected at 1.91. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates revised upward by 0.03% over the past three months, indicating analyst expectation in the company's performance.

The correlation between WDC's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2026 were unchanged by 0%, while EPS estimates moved revised upward by 0.03%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, WDC's stock price typically moves by -5.34% in the 10 days before its earnings and 4.62% in the 10 days after. For the upcoming 2026/Q3 earnings, analysts expect an EPS of 1.91 and revenue of 2.92B.

The earnings call highlights strong financial performance with a 20% YoY revenue growth and improved gross margins. Product development is robust, with advancements in UltraSMR and HAMR technology, and strong customer commitments extending into 2027. The share repurchase plan and cost efficiencies are additional positives. While management was vague on some specifics, the overall sentiment from the Q&A remains positive, with analysts showing interest in the company's strategic initiatives. Given these factors, the stock is likely to experience a positive price movement in the short term.