Western Digital tops estimates, offers guidance; shares fall

Western Digital (WDC) reported strong fourth-quarter fiscal 2026 results, exceeding analyst expectations for both EPS and revenue, with adjusted EPS more than doubling year-over-year. Despite beating estimates and offering optimistic guidance for Q1 fiscal 2027, the company's shares fell by approximately 7.8% after the earnings report. The positive performance was attributed to increased global storage demand and improved operating margins.