Western Digital is trading at $266.68 (-4.21%), extending a pullback despite beating Q2 FY26 estimates and providing strong Q3 guidance, as investors took profits following a sharp multi-day rally.
- Q2 FY26 results included $3.02B revenue (up 25% YoY) and $2.13 EPS, though the initial after-hours pop quickly reversed.
- The decline is compounded by broader market weakness (NASDAQ down 0.44%) and concerns over elevated valuation metrics.
- Analysts, including Goldman Sachs, have raised price targets but simultaneously noted the high P/E ratio contributing to profit-taking pressure.