Western Digital (NASDAQ:WDC) Issues Q2 2025 Earnings Guidance

Western Digital (NASDAQ:WDC) issued an update on its second quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.750-1.750 for the period, compared to the consensus estimate of 1.860. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.

Analysts Set New Price Targets

A number of analysts have weighed in on WDC shares. Benchmark lowered Western Digital from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Thursday, December 19th. Citigroup reduced their price target on shares of Western Digital from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $95.00 price objective on shares of Western Digital in a research report on Tuesday, November 26th. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of Western Digital in a research report on Friday, November 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Western Digital in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and an average price target of $85.14.

Western Digital Stock Down 0.6 %

Shares of Western Digital stock traded down $0.38 on Thursday, reaching $64.25. The stock had a trading volume of 5,308,213 shares, compared to its average volume of 4,858,861. Western Digital has a 1 year low of $51.75 and a 1 year high of $81.55. The company has a 50 day moving average price of $65.64 and a 200 day moving average price of $66.49. The company has a quick ratio of 0.91, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $22.21 billion, a P/E ratio of 37.79 and a beta of 1.43.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, October 24th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.23. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.12 billion. Western Digital had a return on equity of 8.57% and a net margin of 4.81%. The business’s quarterly revenue was up 48.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.97) earnings per share. As a group, equities research analysts forecast that Western Digital will post 6.26 EPS for the current year.

Insider Buying and Selling at Western Digital

In other Western Digital news, EVP Robert Soderbery sold 30,767 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.01, for a total value of $2,092,463.67. Following the completion of the transaction, the executive vice president now owns 135,398 shares of the company’s stock, valued at approximately $9,208,417.98. This trade represents a 18.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Goeckeler sold 75,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $72.58, for a total transaction of $5,443,500.00. Following the sale, the chief executive officer now directly owns 821,630 shares in the company, valued at $59,633,905.40. This trade represents a 8.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,107 shares of company stock worth $7,768,381. 0.30% of the stock is owned by insiders.

About Western Digital

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.