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Western Digital fiscal 2026 revenue rose 35.7% to $12.92 billion, with non-GAAP earnings per share reaching $10.22, as artificial intelligence workloads increased demand for hard disk drives.
The stock currently trades at approximately 23 times forward earnings, following a sharp selloff in October that left shares 50% below their 52-week high of $799.62.
The company’s performance reflects a decade of volatility that included two significant price declines and a five-year suspension of dividends.
Ten years ago, Western Digital completed its acquisition of SanDisk, transforming from a disk-drive manufacturer into a combined flash and hard disk drive giant.
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