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Western Digital AI‑driven storage outlook

Updated 7 times since CLSTR started tracking revisions of this situation.

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2026-08-06 23:27 UTC → 2026-08-07 10:08 UTC · added ~~removed~~

Western Digital has deepened its AI‑focused strategy, adding former Nvidia AI executive Manuvir Das to its board and confirming that enterprise‑class HDD shipments are fully booked through end‑2026 with contracts extending to 2028. The appointment triggered a roughly 7 % share decline, though analysts maintain a price target about 31 % above the current level, suggesting the dip may be temporary. SanDisk reported record fiscal Q4 2026 revenue of $8.97 billion, a 372 % year‑over‑year increase and 51 % sequential rise, driven by AI‑powered demand. Data‑center sales more than doubled to $2.98 billion and edge revenue grew 48 % to $5.43 billion. Adjusted earnings of $39.25 per share beat expectations, gross margin hit a record 84.6 %, and net income reached $6.9 billion. The board approved an additional $14 billion share‑repurchase program, raising total authorization to $15.5 billion, and signed ~~five~~ eight new long‑term NBM agreements ~~that lock~~ locking in at least $93.9 billion of future revenue. ~~Guidance for~~ For FY2027 Q1 Q1, SanDisk forecast revenue of $10.3‑$10.8 ~~billion~~ billion, below the Wall Street median, and adjusted EPS ~~$44‑$46 fell short~~ of ~~consensus, prompting~~ $44‑$46, slightly above the $43.12 consensus. The guidance shortfall led to a 5‑10 % ~~sell‑off~~ share decline and ~~sharp analyst price‑target cuts. The market reaction underscores how investors now~~ analysts such as Jefferies cut their price ~~future~~ target to $1,750, underscoring heightened investor expectations for AI‑driven storage ~~growth more heavily than past performance.~~ growth. Western Digital’s own Q4 2026 results showed revenue of $3.75 billion, up 44 % year‑over‑year, but its guidance also missed market expectations, prompting a stock decline of more than 10 %.

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