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Western Digital Forecasts Up to 72% Revenue Growth on Data Storage Surge

First Detected: Oct 23, 2026, 1:33 PM

Last Update: 12 minutes ago

1 update

Event Summary

Western Digital reported a 55% increase in first-quarter sales, reaching $4.38 billion. The company forecasts second-quarter revenue growth between 66% and 72% year-over-year, setting a target of $5.1 billion. This optimistic outlook is primarily driven by strengthening demand for data storage solutions across the industry.

Timeline

Latest developmentabout 7 hours ago

Western Digital Sees Growth of Up to 72%, Revenue of $5.1 Billion in Second Quarter

The outlook followed a 55% year-on-year increase in first-quarter revenue to $4.381 billion, while the stock fell 6.4% between the October 21 and 22 sessions.

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Key facts

Western Digital expects second-quarter revenue to grow between 66% and 72% year-on-year.
The company's first-quarter sales climbed 55% to reach $4.38 billion.
Western Digital forecasts fiscal second-quarter revenue growth between 66% and 72% year-over-year.
The company set a second-quarter revenue target of $5.1 billion (plus or minus $100 million) driven by strengthening demand for data storage.
Actual first-quarter sales reached $4.38 billion.