$WDC tanked 9% post-earnings despite crushing numbers. Same story across memory plays — $MU, $SAMSUNG, $AMD, $SNDK all dumped on solid prints.
Q4 numbers were fire:
Revenue $3.75B (+44% YoY, +12% QoQ)
Gross margin 54.4%
EPS $3.56
FCF $1.28B
FY26 revenue hit $12.92B (+36% YoY), margin at 49.1%. Q1 guide calls for +42-49% YoY growth.
Storage demand and pricing still strong, yet the market sold off hard. Classic buy-the-rumor-sell-the-news or guidance not spicy enough for current valuations. Memory sector rotation or macro fear taking over fundamentals.
Q4 numbers were fire:
Revenue $3.75B (+44% YoY, +12% QoQ)
Gross margin 54.4%
EPS $3.56
FCF $1.28B
FY26 revenue hit $12.92B (+36% YoY), margin at 49.1%. Q1 guide calls for +42-49% YoY growth.
Storage demand and pricing still strong, yet the market sold off hard. Classic buy-the-rumor-sell-the-news or guidance not spicy enough for current valuations. Memory sector rotation or macro fear taking over fundamentals.