Western Digital's Guidance Reflects 'Sustained Cloud Strength And Expanding Profitability,' Says Bullish Analyst
1. WDC reported fiscal Q3 earnings beating expectations with $1.36 EPS. 2. Gross margins reached a record high of 40.1%. 3. Revenue declined 5% sequentially but grew 31% year-on-year. 4. Management forecasts 6.5% sequential revenue growth for Q4. 5. Long-term agreements ensure demand stability through mid-2026.