Western Digital (NASDAQ:WDC) Updates 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 guidance of 1.750-2.050 for the period, compared to the consensus earnings per share estimate of 1.950. The company issued revenue guidance of $4.2 billion-$4.4 billion, compared to the consensus revenue estimate of $4.4 billion. Western Digital also updated its Q2 guidance to $1.75-2.05 EPS.

Western Digital Stock Down 0.4 %

Shares of NASDAQ WDC traded down $0.29 during mid-day trading on Thursday, reaching $66.32. The company had a trading volume of 8,751,554 shares, compared to its average volume of 6,117,655. Western Digital has a 52-week low of $35.62 and a 52-week high of $81.55. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The stock has a market cap of $22.92 billion, a P/E ratio of -36.52 and a beta of 1.39. The firm has a 50 day simple moving average of $65.26 and a two-hundred day simple moving average of $69.75.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.17. Western Digital had a negative net margin of 3.75% and a negative return on equity of 2.63%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.77 billion. Sell-side analysts predict that Western Digital will post 7.75 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on WDC shares. The Goldman Sachs Group reduced their target price on shares of Western Digital from $79.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday. Evercore ISI restated an “outperform” rating and issued a $85.00 target price on shares of Western Digital in a research note on Thursday, August 15th. Summit Insights cut shares of Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup reduced their price objective on shares of Western Digital from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday. Finally, StockNews.com upgraded shares of Western Digital from a “sell” rating to a “hold” rating in a research note on Saturday, July 6th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.95.

Insider Transactions at Western Digital

In other news, CEO David Goeckeler sold 75,000 shares of Western Digital stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $70.32, for a total transaction of $5,274,000.00. Following the completion of the sale, the chief executive officer now directly owns 896,630 shares in the company, valued at $63,051,021.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Gene M. Zamiska sold 2,169 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $61.96, for a total value of $134,391.24. Following the completion of the sale, the senior vice president now directly owns 32,601 shares in the company, valued at approximately $2,019,957.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Goeckeler sold 75,000 shares of Western Digital stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $70.32, for a total transaction of $5,274,000.00. Following the transaction, the chief executive officer now directly owns 896,630 shares in the company, valued at approximately $63,051,021.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,955 shares of company stock worth $6,327,560 over the last ninety days. 0.30% of the stock is currently owned by corporate 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.