Western Digital stock gains on strong results and forecasts

Western Digital stock (ISIN US9581021055) rose 3.15 percent to USD 437.21 on September 18, 2026, with MarketBeat showing a market capitalization of USD 150.70 billion and volume of 2.64 million shares.

Results still drive the trade

Western Digital reported fiscal Q4 2026 revenue of USD 3.75 billion, up 43.8 percent from a year earlier, and EPS of USD 3.56, according to Zacks on September 19, 2026. The same report said revenue beat the consensus estimate of USD 3.7 billion by 1.14 percent and EPS beat the consensus estimate of USD 3.31 by USD 0.25.

For the current quarter, Zacks put consensus revenue at USD 4.16 billion, which implies growth of 47.5 percent year over year, and current fiscal-year earnings at USD 20.03 per share, up 96 percent from the prior year. The next fiscal year estimate stood at USD 34.74 per share, a further 73.4 percent increase.

Debt cleanup adds a second theme

As Moomoo reported on September 19, 2026, Western Digital disclosed on September 14, 2026 that it will redeem its remaining 3.00 percent convertible senior notes due 2028 on November 16, 2026. The same report said the company expects substantially all holders to convert before that date.

That note redemption fits the same message as the quarter numbers: Western Digital ended fiscal 2026 with revenue of USD 12.92 billion, up 36 percent, operating income of USD 4.82 billion, up 107 percent, and free cash flow of USD 3.51 billion, up 145 percent, according to Yahoo Finance on September 18, 2026.

Stock near its annual range

MarketBeat showed Western Digital at USD 437.21 on September 18, 2026, within a 52-week range of USD 105.32 to USD 799.87 and against a consensus price target of USD 534.56. The stock traded at a P/E ratio of 18.06 and dividend yield of 0.14 percent.

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