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StocksMediumUpdated×2•Originally published 30 April 2026•Updated 1 May 2026•

1 min read

Western Digital and Sandisk Profits Surge on AI Storage Infrastructure Demand

Key Facts

1Western Digital forecast quarterly revenue above Wall Street estimates due to strong demand for data storage.

2The company expects demand from artificial intelligence firms to fuel its pricing power.

Western Digital reported fiscal Q3 2026 earnings per share that nearly doubled year-over-year, significantly exceeding market expectations. The company recorded a profit of $3.21 billion, while its Sandisk unit logged $3.62 billion, fueled by the rapid scaling of AI infrastructure. This performance was characterized by explosive annual sales growth driven by robust demand for AI-driven storage solutions. Management highlighted that the ongoing AI boom is enhancing the company's pricing power and bolstering overall profit margins. Analysts view these results as a key indicator of the health of the semiconductor and cloud computing industries. The report provides a strong bullish signal for technology stocks focused on big data and AI-ready infrastructure.

about 1 month ago

Version History

1 additional source confirmed this story

Version 2about 1 month ago

What changed: Updated the fiscal period to Q3 2026, confirming that EPS nearly doubled and exceeded analyst estimates.

Version 1about 1 month ago

What changed: The story was updated to include actual Q3 profit figures for Western Digital and Sandisk, moving beyond the previous revenue forecasts.