Western Digital Q4 revenue beats estimates on storage demand
WDC•Q1FY27 outlook
Western Digital expects Q1FY27 revenue of $4.1 billion, plus or minus $100 million.
The company forecasts Q1FY27 non-GAAP EPS of $4.00, plus or minus $0.15.
Western Digital sees Q1FY27 non-GAAP gross margin between 55% and 56%.
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the computer hardware peer group is "buy".
Wall Street's median 12-month price target for Western Digital Corp is $650.00, about 18.5% above its August 4 closing price of $548.56.
The stock recently traded at 30 times the next 12-month earnings versus a three months ago.
