Seth|Oct 21, 2026 08:56
WDC Western Digital shares are up more than 110 percent this year, despite the -58% correction since June.
330-360 area looks attractive again. P/E down to 14.57x and P/S to 10.61x.
In the latest quarter revenue rose 44 percent to 3.75 billion dollars.
Cloud sales made up 89 percent of the total and grew 43 percent.
The company shipped 22 percent more storage capacity while margins climbed past 54 percent.
Management expects roughly 45 percent revenue growth again this quarter.
Most of the market is still focused on chips and flash.
Hard drives continue to supply the bulk of cheap capacity that AI data centers need.
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