Western Digital Forecasts Revenue Above Wall Street Views
The firm expects quarterly revenue of 3.65 billion dollars as AI infrastructure drives demand. Third-quarter profit and sales also beat analyst expectations.
Xurve View
Insights:
Xurve View
WESTERN DIGITAL CORP expects fourth-quarter revenue of $3.65 billion, surpassing the $3.46 billion average estimate on surging artificial intelligence storage demand. The forecast follows a 45% third-quarter revenue jump to $3.34 billion as Big Tech infrastructure spending accelerates. High-capacity drive demand grants Western Digital pricing power, though shares fell 5% late evening after doubling this year.
