What is Wedbush’s Forecast for Western Digital Q1 Earnings?

Western Digital Co. (NASDAQ:WDC) – Equities research analysts at Wedbush lowered their Q1 2026 EPS estimates for shares of Western Digital in a report released on Tuesday, January 21st. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings per share of $2.83 for the quarter, down from their prior forecast of $3.03. Wedbush currently has a “Outperform” rating and a $95.00 price target on the stock. The consensus estimate for Western Digital’s current full-year earnings is $6.26 per share. Wedbush also issued estimates for Western Digital’s Q3 2026 earnings at $3.28 EPS, Q4 2026 earnings at $3.27 EPS and FY2026 earnings at $13.04 EPS.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, October 24th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.23. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.12 billion. Western Digital had a net margin of 4.81% and a return on equity of 8.57%. The firm’s revenue was up 48.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.97) EPS.

A number of other analysts have also recently issued reports on WDC. Bank of America lowered their target price on Western Digital from $89.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Citigroup reduced their target price on shares of Western Digital from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. The Goldman Sachs Group cut their price target on Western Digital from $81.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Susquehanna upped their price objective on Western Digital from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, UBS Group dropped their target price on Western Digital from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.65.

Western Digital Stock Up 3.7 %

Shares of Western Digital stock opened at $67.43 on Wednesday. The company has a market capitalization of $23.31 billion, a P/E ratio of 39.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.91. The business has a 50-day moving average of $65.45 and a two-hundred day moving average of $66.07. Western Digital has a 1 year low of $52.77 and a 1 year high of $81.55.

Insider Activity

In other news, CEO David Goeckeler sold 75,000 shares of Western Digital stock in a transaction on Friday, October 25th. The stock was sold at an average price of $72.58, for a total transaction of $5,443,500.00. Following the completion of the sale, the chief executive officer now owns 821,630 shares of the company’s stock, valued at approximately $59,633,905.40. This trade represents a 8.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gene M. Zamiska sold 658 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total transaction of $46,053.42. Following the completion of the transaction, the senior vice president now owns 28,863 shares in the company, valued at $2,020,121.37. This trade represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,107 shares of company stock valued at $7,768,381 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Western Digital

A number of institutional investors have recently modified their holdings of WDC. First Horizon Advisors Inc. lifted its stake in Western Digital by 5.4% during the third quarter. First Horizon Advisors Inc. now owns 2,929 shares of the data storage provider’s stock worth $200,000 after purchasing an additional 149 shares during the last quarter. Quarry LP boosted its stake in Western Digital by 22.6% in the third quarter. Quarry LP now owns 932 shares of the data storage provider’s stock valued at $64,000 after buying an additional 172 shares in the last quarter. Inspire Investing LLC grew its position in Western Digital by 4.3% in the fourth quarter. Inspire Investing LLC now owns 4,324 shares of the data storage provider’s stock valued at $258,000 after acquiring an additional 177 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Western Digital by 2.4% in the third quarter. Empirical Finance LLC now owns 10,891 shares of the data storage provider’s stock worth $744,000 after acquiring an additional 256 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Western Digital by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,696 shares of the data storage provider’s stock valued at $313,000 after purchasing an additional 267 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

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.