Western Digital (WDC) shares reached an all-time high of $297.80 on February 12, 2026. The stock hit an intraday peak of $307.50 before closing at $284.10, a 3.78% increase. This performance marks a 970% gain from April 2025 lows, driven by surging demand for AI storage solutions.
Fiscal second-quarter 2026 revenue reached $2.655 billion. Gross margins for the period stood at 46.1%. Management expects full-year revenue to double to $12 billion. The company is supporting this growth through new multi-year customer contracts.
Western Digital launched new High Bandwidth Drives and authorized a $4 billion share buyback program. Analyst price targets for the stock currently range between $265 and $375. Recent filings also noted a share sale by the CEO amid the record valuation.