Western Digital (WDC) stock surged 8.49% on January 21 following a Bank of America upgrade highlighting a strong Q2 outlook, driven by CEO Irving Tan's disclosure of 30% exabyte growth and purchase order visibility extending through calendar year 2026. The company also announced its Innovation Day 2026 event for February 3, 2026, focusing on key innovations supporting the AI-driven economy.
- Upcoming Q2 fiscal 2026 earnings are scheduled for January 29, 2026, with a consensus EPS estimate of $1.93 per share (+9% year-over-year) and an Earnings ESP suggesting a likely beat.
- The stock closed at $241.90 on January 21, with analysts projecting a potential upside target of $381.