Western Digital (WDC) Stock

WDC's financial results for the second quarter of 2025 show a 119% increase in their cloud business compared to the same time last year, even though their consumer business is not doing as well.

Western Digital reported impressive results for the second quarter, with a 41% year-on-year increase in revenue, thanks to high demand for HDDs and strong profit margins. Demand from enterprise and cloud customers surged by 119% year-on-year, highlighting significant investments in developing AI applications that need affordable and efficient data storage. The company is set to finalize the spin-off of its flash segment, SanDisk, in the March quarter, which could positively impact Western Digital's low valuation.

Western Digital Corporation (NASDAQ: WDC) will hold its Q2 2025 Earnings Conference Call on January 29, 2025, at 4:30 PM ET. The call will feature several company representatives, including Peter Andrew, the Vice President of Financial Planning and Analysis and Investor Relations, David Goeckeler, the Chief Executive Officer, Wissam Jabre, the Chief Financial Officer, and Irving Tan, the Executive Vice President for Global Operations.

The main figures for Western Digital (WDC) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare these important metrics with Wall Street's predictions and the results from the same period last year.

Western Digital (WDC) reported quarterly earnings of $1.77 per share, which is higher than the Zacks Consensus Estimate of $1.75 per share. This is a significant improvement compared to a loss of $0.69 per share from the same time last year.

Western Digital Corp, a company that makes data storage products, predicted that its revenue for the third quarter will be lower than what Wall Street expected. This is due to a decline in demand from cloud services and corporate clients.

WDC's financial results for the second quarter are expected to be influenced by increased demand for nearline products, even though the Flash market is facing tough pricing conditions.

In the latest trading session, Western Digital (WDC) finished at $68.63, showing an increase of 1.78% compared to the day before.

Western Digital's revenues for the second quarter of fiscal 2025 are anticipated to be around the middle of their earlier forecast, but the earnings per share (EPS) is expected to be at the lower end of that range.