📊 WDC earnings beat expectations and guidance surged, yet shares fell more than 6%
Release time: After the market close on Oct. 22, U.S. Eastern Time (early morning Oct. 23 Beijing Time)
Key results
Adjusted EPS: $4.64, vs. expectations of $4.07 and $1.78 in the same period last year
Revenue: $4.381 billion, vs. expectations of $4.131 billion and $2.818 billion in the same period last year
CEO Irving Tan said fiscal 2027 got off to a strong start, with results exceeding expectations thanks to robust customer demand and disciplined execution
Next-quarter guidance
Q2 adjusted EPS: $5.60–$6.00, vs. market expectations of $4.79
Q2 revenue: $5.0–$5.2 billion, vs. market expectations of $4.57 billion
Quarterly dividend raised 17%, from $0.15 to $0.175
Demand: Average selling price per TB rose 28% year over year. The CEO said demand visibility from the top seven customers extends into 2030 and 2031.
Share price performance
Closed down 6.43% at $354.19 during regular trading on Oct. 22 (before the earnings release)
Shares fell about 6.5% to $331.01 at one point in after-hours trading following the earnings release
Shares were at $349.88 in premarket trading on Oct. 23, about 1.2% below the previous close
Down about 23.8% over the past month, but still up about 105.6% year to date
Market concerns (according to media reports)
Capital expenditures more than tripled this quarter, while the free cash flow margin fell by about 3 percentage points
The CFO said growth in price per TB will “eventually slow”
Reports say Toshiba plans to bring HDD capacity close to double; the CEO said the industry’s long-term fundamentals remain unchanged
Seagate also fell more than 7% on the same day, suggesting the sell-off was sector-wide.
Analyst views: Ratings unchanged. Morgan Stanley raised its price target from $643 to $668; Cantor cut its target from $900 to $625; TD Cowen lowered its target from $540 to $430.
💬 Results and guidance both beat expectations, yet the stock fell first. Do you think the market is more concerned about capital expenditures or the sustainability of AI demand?
⚠️ Disclaimer: This article is a summary based solely on publicly available earnings reports and media coverage and does not constitute investment advice. Share prices can be volatile. Data is as of Oct. 23, 2026. Please refer to the company’s official disclosures, make your own independent judgment, and assume all risks.
#股票财报季 $WDC $BTC
Release time: After the market close on Oct. 22, U.S. Eastern Time (early morning Oct. 23 Beijing Time)
Key results
Adjusted EPS: $4.64, vs. expectations of $4.07 and $1.78 in the same period last year
Revenue: $4.381 billion, vs. expectations of $4.131 billion and $2.818 billion in the same period last year
CEO Irving Tan said fiscal 2027 got off to a strong start, with results exceeding expectations thanks to robust customer demand and disciplined execution
Next-quarter guidance
Q2 adjusted EPS: $5.60–$6.00, vs. market expectations of $4.79
Q2 revenue: $5.0–$5.2 billion, vs. market expectations of $4.57 billion
Quarterly dividend raised 17%, from $0.15 to $0.175
Demand: Average selling price per TB rose 28% year over year. The CEO said demand visibility from the top seven customers extends into 2030 and 2031.
Share price performance
Closed down 6.43% at $354.19 during regular trading on Oct. 22 (before the earnings release)
Shares fell about 6.5% to $331.01 at one point in after-hours trading following the earnings release
Shares were at $349.88 in premarket trading on Oct. 23, about 1.2% below the previous close
Down about 23.8% over the past month, but still up about 105.6% year to date
Market concerns (according to media reports)
Capital expenditures more than tripled this quarter, while the free cash flow margin fell by about 3 percentage points
The CFO said growth in price per TB will “eventually slow”
Reports say Toshiba plans to bring HDD capacity close to double; the CEO said the industry’s long-term fundamentals remain unchanged
Seagate also fell more than 7% on the same day, suggesting the sell-off was sector-wide.
Analyst views: Ratings unchanged. Morgan Stanley raised its price target from $643 to $668; Cantor cut its target from $900 to $625; TD Cowen lowered its target from $540 to $430.
💬 Results and guidance both beat expectations, yet the stock fell first. Do you think the market is more concerned about capital expenditures or the sustainability of AI demand?
⚠️ Disclaimer: This article is a summary based solely on publicly available earnings reports and media coverage and does not constitute investment advice. Share prices can be volatile. Data is as of Oct. 23, 2026. Please refer to the company’s official disclosures, make your own independent judgment, and assume all risks.
#股票财报季 $WDC $BTC