Western Digital Shares Surge 9.6% - Still a Buy?

The data storage company's stock price jumped after strong quarterly earnings results.

Mar. 17, 2026 at 10:18pm

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Shares of Western Digital Corporation (NASDAQ:WDC) rose 9.6% during trading on Tuesday, reaching as high as $314.92 per share. The company reported better-than-expected quarterly earnings on January 29th, with revenue of $3.02 billion and earnings per share of $2.13, exceeding analyst estimates. Western Digital is a global leader in data storage solutions for personal, enterprise, and cloud computing applications.

Why it matters

Western Digital's strong financial performance and stock price surge indicate continued demand for its data storage products and services. As a major player in the data storage industry, the company's results can provide insights into broader technology and consumer trends.

The details

Western Digital's shares jumped after the company reported a 25.2% year-over-year increase in quarterly revenue and earnings that beat analyst forecasts. The company has been benefiting from rising demand for data storage solutions driven by growth in cloud computing, enterprise IT, and consumer electronics. Analysts have maintained a 'Moderate Buy' rating on the stock with a consensus price target of $265.58.

  • Western Digital reported its quarterly earnings on January 29, 2026.
  • The company's stock price surge occurred during trading on March 17, 2026.

The players

Western Digital Corporation

A global data storage company that designs, manufactures, and sells a broad range of storage devices and systems for personal, enterprise, and cloud applications.

Weiss Ratings

A financial research firm that upgraded its rating on Western Digital's stock from 'hold (c+)' to 'buy (b-)'.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Western Digital's strong financial performance and stock price surge demonstrate the continued demand for data storage solutions in the digital age. As a leading player in this industry, the company's results provide insights into broader technology and consumer trends that could impact investors and businesses.