Western Digital (WDC) Climbs to All-Time High Ahead of Earnings

We recently published 10 Stocks Gaining Double Digits Effortlessly. Western Digital Corp. (NASDAQ:WDC)  was one of the best performers on Wednesday.

Western Digital rallied to a new all-time high on Wednesday, as investors loaded portfolios ahead of its earnings performance, with optimism fueled by strong results from one of its largest competitors.

At intra-day trading, the stock jumped to its highest price of $284 before trimming gains to finish the session just up by 10.79 percent at $279.70 apiece.

Western Digital Corp. (NASDAQ:WDC) is set to announce financial and operating highlights for the second quarter of fiscal year 2026 after market close tomorrow, January 29. A conference call will be held to discuss the results.

For the said period, Western Digital Corp. (NASDAQ:WDC) earlier announced expectations of $2.9 billion in revenues, plus or minus $100 million, with diluted earnings per share of $1.88, plus or minus $0.15.

Revenues were projected to be driven by data center demand, and improved profitability led by the adoption of high-capacity drives.

Also on Tuesday, February 3, Western Digital Corp. (NASDAQ:WDC) will hold an Innovation Day in New York to highlight key innovations designed to support the growing demand for data storage in the AI-driven data economy.

Meanwhile, the company on Tuesday earned a 10.4 percent higher price target from investment firm Mizuho, at $265 versus $240, while reaffirming an “outperform” rating.

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Disclosure: None. This article is originally published at Insider Monkey.