Western Digital Gains 2.1% Against Market Slump

Western Digital closed at $477.30 on 8 September 2026, marking a 2.1% gain while broader market indexes retreated. On the same day, the S&P 500 fell 0.58%, the Dow lost 1.18%, and the Nasdaq slipped 0.32%. Over the prior month, shares of the storage hardware maker rose 6.64%, beating the 0.12% increase in the Computer and Technology sector and the 0.36% decline in the S&P 500.

For its upcoming quarterly report, Zacks consensus estimates forecast Western Digital to generate earnings of $4.07 per share, an increase of 128.65% compared to the prior-year period. Revenue is projected to reach $4.16 billion, up 47.45% year over year. Over the last 30 days, consensus earnings per share estimates remained unchanged.

For the full fiscal year, Zacks consensus projections expect earnings of $20.03 per share and revenue of $18.78 billion. These figures represent year-over-year increases of 95.99% and 45.39%, respectively.

Western Digital holds a Zacks Rank of #2 (Buy). The stock trades at a forward price-to-earnings ratio of 23.33, compared to the Computer-Storage Devices industry average of 10.36. Its PEG ratio stands at 1.94, above the industry average of 1.38. The storage devices group ranks 21st among more than 250 tracked industries, placing it in the top 9%.