Western Digital (WDC) shares fell approximately 22% in the 30 days ending mid-September 2026. The stock has declined more than 40% from its mid-June 2026 peak. Profit-taking and a valuation reset in the AI-storage sector drove the correction.
Quarterly revenue grew over 40% year-over-year despite the share price decline. Market sentiment drove the selloff rather than a shift in business performance. The company paid a $0.15 per share quarterly dividend on September 17.
Investors are monitoring hyperscaler demand and HDD exabyte growth. Future focus remains on the UltraSMR and HAMR product roadmaps.