News about Western Digital

Zacks highlights Meta Platforms, Bloom Energy and Western Digital as AI-linked companies reporting this week. Meta's consensus advertising revenue is $61.9 billion, up 23.5% year over year, after ad impressions rose 14% and average price per ad rose 12%, while its 2026 capex guidance is $130-$145 billion. The article notes that Muse, Meta's personal AI agent launched in September, has more than two million daily users, while Meta's earnings are expected to fall roughly 19%. Bloom Energy's sales are expected to climb nearly 375% year over year, and Western Digital's earnings are expected to grow 130% on 48% higher sales.

Jim Cramer warned on October 19 that SanDisk and Western Digital, two storage stocks with large year-to-date gains, would be the worst holdings if fewer data centers are built. SanDisk closed at $1,371.12, up 5.53%, and Western Digital rose 6.09% to $352.21, though both had fallen sharply over the past month. The article says both companies sell commodity-priced NAND flash and hard drives, with price increases driving much of recent growth and no recurring billing from installed customers to cushion a slowdown. SanDisk's prepayment-backed agreements with eight customers guarantee at least $93.9 billion in revenue at floor pricing, but most of its sales still move with market prices. The bullish case rests on Microsoft's capex of $115.948 billion in fiscal 2026 and expected $175 billion in fiscal 2027, spending levels that Microsoft itself controls.