Western Digital (WDC.O) surpassed fourth-quarter revenue expectations, reporting $2.61 billion against estimates of $2.47 billion, propelled by strong demand for its data storage products driven by increased cloud computing adoption and AI-related data center infrastructure. The company also issued an optimistic first-quarter revenue forecast of $2.70 billion and adjusted EPS of $1.54, both exceeding analyst projections, which sent its shares up more than 4% in extended trading.
Western Digital (WDC) reported strong fourth-quarter results, with revenue of $2.61 billion surpassing LSEG consensus estimates of $2.47 billion. This outperformance is directly attributed to robust demand for its data storage products, fueled by the widespread enterprise adoption of cloud computing and the build-out of infrastructure required for artificial intelligence applications. The company's forward-looking guidance reinforces this positive momentum; its first-quarter revenue forecast of $2.70 billion (plus or minus $100 million) and adjusted earnings per share forecast of $1.54 (plus or minus 15 cents) both comfortably exceed analyst projections of $2.54 billion and $1.38, respectively. The market reacted favorably to this combination of a current-quarter beat and a strong future outlook, sending the company's shares up by more than 4% in extended trading.
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strongly positive
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