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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (4819)	10/30/2025 4:25:36 PM
From: Sam	1 Recommendation Recommended By franklin1 Read Replies (1) \| Respond to of 4846

More details-- Western Digital ( WDC) shares rose 9.5% in extended-trading after the storage company reported fiscal first-quarter results and guidance that topped estimates by a wide margin, aided by the continued demand for all things artificial intelligence. For the period ending Oct. 3, Western Digital said it earned an adjusted $1.78 per share as revenue surged 27% year-over-year to $2.82B. Analysts had expected Western Digital to earn an adjusted $1.59 per share on $2.73B in revenue. “Western Digital continues to execute well in a strong demand environment driven by growth of data storage in the cloud. In our fiscal first quarter, we achieved revenue and gross margin above the high end of our guidance range, while delivering strong free cash flow,” said Irving Tan, CEO of Western Digital. “As AI accelerates data creation, Western Digital’s continued innovation and operational discipline position us well to capture new opportunities and drive sustained shareholder value.” Looking ahead to the second-quarter, Western Digital expects to earn an adjusted $1.88 per share, plus or minus $0.15, compared to the $1.74 per share estimate. Sales are forecast to be between $2.8B and $3B, with the $2.9B midpoint above the $2.83B estimate. Gross margins are forecast to be between 44% and 45% In addition, Western Digital raised its dividend by 25% to $0.125 per share. The increased payment will be made on Dec. 18 to shareholders of record as of the close of business on Dec. 4. The company will hold a conference call at 4:30 p.m. EST to discuss the results.