Western Digital (WDC) reported fiscal 2027 first-quarter revenue up 55% to $4.38 billion, with non-GAAP gross margin rising to 58.1% from 43.9% and non-GAAP EPS up 161% to $4.64. It expects revenue to rise 69% in the current quarter and adjusted EPS of $5.80, supported by AI-driven demand for high-capacity hard disk drives. Cloud accounts for 88% of its revenue, and the company estimates the AI and cloud storage market could grow at a 25% CAGR through 2030. The stock has jumped 103% in 2026 but has fallen 49% from its June 18 52-week high. The author sees an attractive valuation, citing a $625 12-month median price target implying 64% upside, versus 47% for Nvidia and 70% for Micron, and expects it could outperform both in 2027.
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/27/2026 | 217.88 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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