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Western Digital Corporation (WDC) slips on earnings misses
April 30, 20262 min read
Key Takeaway
Western Digital Corporation (WDC) reported revenue of $3.34 billion, above estimates, but posted a steep EPS miss at -8.61 versus 2.41 expected. The stock fell 3.25% in after-hours trading to $399.35 as investors looked past the sales beat and focused on the earnings shortfall and weaker profitability.
Western Digital Corporation (WDC) slips after earnings miss
Western Digital Corporation (WDC) posted a sharp EPS miss with revenue topping estimates, reporting EPS of -8.61 versus 2.41 expected on $3.34B in revenue versus $3.25B expected, and the stock fell 3.25% in after-hours trading to $399.35.
Key Numbers
- •EPS: -8.61 vs 2.41 estimate, a miss.
- •Revenue: $3.34B vs $3.25B estimate, a beat.
- •Stock reaction: WDC fell 3.25% in after-hours trading to $399.35.
- •Prior close: $412.76 before the earnings reaction.
- •Volume: 10,630,941 shares versus 8,923,686 average.
A revenue beat could not offset the EPS shock
The headline is simple: revenue came in ahead of expectations, but the earnings line broke badly. For a hardware name like Western Digital(), that kind of split usually points investors straight to profitability and cost control. The market's first read was blunt. A sales beat did not rescue confidence in the quarter.
