Western Digital Corporation · WDC · Next earnings

Western Digital Corporation reports Thursday, Oct 29, 2026

WDC reports after market close with consensus EPS at $4.07 and revenue at $4.13B. Last quarter: Western Digital Beats on AI-Driven Cloud Demand as Margins Expand

Reports After market close39 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $4.07 Calendar consensus
Consensus revenue $4.13B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session After market close 39 days away

Where WDC left off: FY2026 Q3

Full report

Western Digital Beats on AI-Driven Cloud Demand as Margins Expand

EPS surprise +13.8% Reported $2.72 vs $2.39
Revenue surprise +2.8% Reported $3.34B vs $3.25B
Stock move -0.7% Event window
Subsequent drift +26.6% Up to 20 sessions

Management maintained guidance sentiment this quarter, versus raised guidance in the prior quarter. Q4 FY2026 guidance calls for 3.65 billion in revenue (approximately 40 percent YoY growth) and 3.25 EPS, with continued margin expansion and disciplined capital allocation. The prior quarter had guided to 3.2 billion revenue with 47-48 percent gross margin, which was exceeded as actual margin reached 50.5 percent.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Yield and reliability risks as HAMR and next-generation EPMR scale to volume
  • Potential pricing volatility if market dynamics shift
  • Execution risk on qualifying and ramping high-capacity drives
  • Heavy reliance on a few hyperscale customers

Questions analysts left open

  • Sustainability of pricing increases and margin expansion
  • Rate of cost-per-exabyte decline with upcoming EPMR and HAMR
  • Potential need for capacity investment beyond areal density improvements
  • Structure and pricing mechanics of long-term agreements
  • Tax implications of remaining SanDisk share monetization

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Recent WDC quarters

All WDC earnings
-0.7%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.