These Analysts Revise Their Forecasts On Western Digital After Q1 Results

Western Digital Corp. (NASDAQ:WDC) on Thursday posted better-than-expected first-quarter fiscal 2027 results.

Western Digital reported quarterly earnings of $4.64 per share, which beat the consensus estimate of $4.07 by 14%, per Benzinga Pro data. Quarterly revenue clocked in at $4.38 billion, which beat the analyst consensus estimate of $4.13 billion and was up from $2.82 billion in the same period last year.

"Fiscal 2027 is off to a strong start, with results exceeding expectations, driven by robust customer demand and disciplined execution," said Irving Tan, CEO of Western Digital.

Western Digital expects second-quarter adjusted EPS of $5.60-$6.00, versus the $4.79 analyst estimate, and revenue between $5 billion and $5.2 billion, versus the $4.57 billion estimate.

Western Digital shares fell 1.9% to $347.50 in pre-market trading.

These analysts made changes to their price targets on Western Digital following earnings announcement.

• Cantor Fitzgerald analyst C.J. Muse maintained the stock with an Overweight rating and lowered the price target from $900 to $625.
• Morgan Stanley analyst Erik Woodring maintained the stock with an Overweight rating and raised the price target from $643 to $668.
• Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and lowered the price target from $800 to $650.
• TD Cowen analyst Krish Sankar maintained the stock with a Buy and cut the price target from $540 to $430.

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