What is Wedbush’s Estimate for Western Digital Q1 Earnings?

Western Digital Co. (NASDAQ:WDC) – Analysts at Wedbush dropped their Q1 2026 earnings per share estimates for shares of Western Digital in a research note issued to investors on Tuesday, January 21st. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings per share of $2.83 for the quarter, down from their prior forecast of $3.03. Wedbush currently has a “Outperform” rating and a $95.00 price target on the stock. The consensus estimate for Western Digital’s current full-year earnings is $6.26 per share. Wedbush also issued estimates for Western Digital’s Q3 2026 earnings at $3.28 EPS, Q4 2026 earnings at $3.27 EPS and FY2026 earnings at $13.04 EPS.

Several other research analysts have also weighed in on WDC. Susquehanna upped their price objective on shares of Western Digital from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. UBS Group dropped their target price on Western Digital from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price target on shares of Western Digital in a report on Friday, October 25th. The Goldman Sachs Group cut their price objective on shares of Western Digital from $81.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on shares of Western Digital from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.65.

Western Digital Stock Performance

Shares of Western Digital stock opened at $67.43 on Wednesday. The stock has a market cap of $23.31 billion, a PE ratio of 39.66 and a beta of 1.43. Western Digital has a 12 month low of $52.77 and a 12 month high of $81.55. 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 business has a fifty day simple moving average of $65.45 and a 200-day simple moving average of $66.07.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, October 24th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.23. Western Digital had a net margin of 4.81% and a return on equity of 8.57%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the business earned ($1.97) earnings per share. The firm’s revenue was up 48.9% compared to the same quarter last year.

Insider Activity

In other news, EVP Robert Soderbery sold 30,767 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 135,398 shares of the company’s stock, valued at approximately $9,208,417.98. This represents a 18.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Goeckeler sold 75,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 821,630 shares in the company, valued at approximately $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 have sold 109,107 shares of company stock worth $7,768,381. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Western Digital by 278.9% in the fourth quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 304 shares in the last quarter. Eastern Bank acquired a new stake in Western Digital in the 3rd quarter valued at about $27,000. True Wealth Design LLC raised its stake in shares of Western Digital by 2,184.2% in the third quarter. True Wealth Design LLC now owns 434 shares of the data storage provider’s stock worth $30,000 after acquiring an additional 415 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Western Digital during the third quarter valued at approximately $41,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Western Digital in the third quarter valued at approximately $42,000. 92.51% of the stock is owned by institutional investors and hedge funds.

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.