Western Digital Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Western Digital Corporation (NASDAQ:WDC) will release its first-quarter earnings report after the closing bell on Thursday, Oct. 22.

Analysts expect the San Jose, California-based company to report quarterly earnings of $4.08 per share, up from $1.78 per share in the year-ago period. The consensus estimate for WDC’s quarterly revenue is $4.14 billion. It reported $2.82 billion last year, according to Benzinga Pro.

On Sept. 14, Western Digital announced redemption of 3.00% convertible senior notes due 2028.

Western Digital shares gained 3.9% to close at $378.51 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Erik Woodring maintained an Overweight rating and cut the price target from $676 to $643 on Oct. 20, 2026. This analyst has an accuracy rate of 81%.
• Wells Fargo analyst Joe Quatrochi maintained an Overweight rating and slashed the price target from $730 to $450 on Oct. 16, 2026. This analyst has an accuracy rate of 68%.
• UBS analyst Timothy Arcuri maintained a Neutral rating and cut the price target from $525 to $470 on Oct. 12, 2026. This analyst has an accuracy rate of 86%.
• Citigroup analyst Asiya Merchant maintained a Buy rating and slashed the price target from $800 to $740 on Aug. 7, 2026. This analyst has an accuracy rate of 90%.
• TD Cowen analyst Krish Sankar maintained a Buy rating and raised the price target from $500 to $540 on Aug. 6, 2026. This analyst has an accuracy rate of 75%.

Considering buying WDC stock? Here’s what analysts think:

Photo via Shutterstock