MarketPR

Western Digital (WDC) falls 39% over three months as FY26 revenue reaches $12.9 billion and analyst consensus holds Strong Buy

9/19/2026

A 39% pullback over three months has brought Western Digital (WDC) to roughly 46% below its recent peak of $799.87, even as the company's fiscal 2026 results show revenue up 36% to $12.9 billion.

Concerns over pricing sustainability, compounded by remarks from AI industry figures calling for a more measured pace in frontier model development, drove the selling.

The setup now prices WDC at about 22.8 times forward earnings, with a majority of analysts at Strong Buy and an average consensus price target of $668.39.

FY26 numbers and the margin story Resilient HDD demand and stronger pricing supported the fiscal year's bottom line.