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 earnings per share guidance of 1.750-1.750 for the period, compared to the consensus earnings per share estimate of 1.860. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.

Western Digital Stock Performance

WDC stock opened at $64.25 on Friday. The firm has a 50 day moving average of $65.52 and a two-hundred day moving average of $66.47. Western Digital has a 12 month low of $51.75 and a 12 month high of $81.55. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 37.79 and a beta of 1.43. The company has a quick ratio of 0.91, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, October 24th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.23. Western Digital had a net margin of 4.81% and a return on equity of 8.57%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the company posted ($1.97) earnings per share. Western Digital’s revenue for the quarter was up 48.9% on a year-over-year basis. As a group, equities analysts anticipate that Western Digital will post 6.26 EPS for the current fiscal year.

Analysts Set New Price Targets

WDC has been the subject of a number of recent analyst reports. Bank of America decreased their target price on Western Digital from $89.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. Mizuho lowered their target price on shares of Western Digital from $90.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company cut their target price on shares of Western Digital from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. BNP Paribas decreased their price target on shares of Western Digital from $95.00 to $90.00 in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on Western Digital from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.15.

Insider Activity at Western Digital

In related news, SVP Gene M. Zamiska sold 658 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $69.99, for a total value of $46,053.42. Following the sale, the senior vice president now owns 28,863 shares of the company’s stock, valued at $2,020,121.37. The trade was a 2.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Soderbery sold 30,767 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.01, for a total value of $2,092,463.67. Following the completion of the sale, the executive vice president now owns 135,398 shares in the company, valued at $9,208,417.98. This trade represents a 18.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,107 shares of company stock valued at $7,768,381 over the last quarter. 0.30% of the stock is owned by company 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.