Western Digital is scheduled to report its latest earnings on February 5, 2026. This follows the authorization of a $4 billion share buyback program on February 2, 2026. In the previous fiscal second quarter, revenue rose 25% to $3 billion. Net income per share surged 272% to $4.73 during that period. AI data storage demand remains the primary driver of this growth.
CEO Irving Tan marked the brand transition to WD by ringing the Nasdaq opening bell on February 2, 2026. Analysts have subsequently raised price targets for the company. Morgan Stanley issued an Overweight rating with a $369 price target, citing significant AI leverage. The stock currently maintains a Zacks Rank #1 (Strong Buy) due to upward earnings revisions.
Western Digital shares closed at $269.41 on February 4, 2026, representing a 7.18% decline. The stock rose 2.08% to $275.01 in after-hours trading. This volatility occurred amid a broader Nasdaq sell-off and a rotation out of technology stocks.