🔴 Western Digital is trading 13.4% down today as investors sell the news after earnings

Western Digital is trading 13.4% down at $449.71 in pre-market, reversing yesterday’s post-earnings strength as investors sell the news despite a strong financial report.

• The company reported a 44% year-over-year revenue jump and more than doubled its non-GAAP EPS for the quarter.
• Management provided robust fiscal 2027 Q1 guidance, citing sustained AI-driven demand for high-capacity hard disk drives (HDD).
• The sharp decline suggests a profit-taking reaction following the initial positive response to the earnings beat and outlook.