1. Western Digital forecasts Q3 revenue below Wall Street estimates due to decreased demand. 2. The decline is primarily attributed to reduced demand from cloud and corporate clients.
Lower forecasted revenue signals weak demand, potentially leading to WDC stock decline, similar to past disappointing earnings reports.
The revenue forecast directly affects investor sentiment and expectations for WDC's performance.
The immediate impact from lowered Q3 revenue forecast will affect WDC in the short term as investors react quickly.