WDC

Western Digital Corporation

$356.13

+$12.46 (3.63%)Oct 26 close

Information TechnologyS&P 500 Compare Technicals

Model valuationLooks undervaluedDCF base $451

1M 3M 6M 1Y 2Y

WDCSPY

Wall St. Highest PT $1,050.00 (+194.8%) Wall St. Avg PT $652.04 (+83.1%)

Underwater Drawdown %Max DD -55.5%Current -52.3%

Relative Strength vs SPY+168.8% vs SPYOutperforming

+$3.92 (1.11%)

−$100.68 (22.04%)

−$141.63 (28.45%)

−$44.37 (11.08%)

YTD

+$184.04 (106.95%)

+$226.94 (175.67%)

Chart

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Ratings & dials

1m · 5m · 15m · 1h · 4h · 1D

Analyst & Morningstar ratings

Consensus · Targets · Morningstar

Wall Street analyst consensus

Buy

26 analysts · mean score 1.54

1 = Strong Buy · 5 = Sell

Strong Buy1765%

Buy415%

Hold519%

Underperform00%

Sell00%

Wall Street consensus · as of Oct 22, 2026

Analyst price targets

Current price$356.13

Average target$636.29

+$280.16 (+78.7%) upsideaverage target vs current price

CurrentAverageMedian

Low$420.00

Median$622.50

High$1,050.00

12-month Wall Street target range · as of Oct 22, 2026

Third-party ratings, not SURVYR.'s views.

Health check

Financial health

Safe zone

Altman Z-score 19.6

Above 2.99 is the safe zone, below 1.81 the distress zone.

Quality

Strong

Piotroski F-score 7 of 9

See the tests

✓Positive net income
✓Positive operating cash flow
✓Return on assets improved
✗Cash flow above net income
✓Long-term debt / assets fell
✓Current ratio improved
✗No share dilution
✓Gross margin improved
✓Asset turnover improved

Computed by SURVYR. from the company's SEC filings (latest balance sheet Oct 2, 2026). Descriptive, not a forecast.

Key stats & company

Market value$131.8B

P/E (last 12 months)13.1

P/E (next 12 months, estimated)10.6

52-week range$117.23 – $799.87

Revenue growth (latest quarter vs a year ago)+43.8%

Dividend yield0.18%

Analyst consensusStrong Buy (24)

Average analyst price target$652.04 (+83%)

What they do

Western Digital Corporation engages in the development, manufacture, and sale of data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories.

Technology · Computer Hardware

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Looks undervalued

Model read-out from the numbers below, not advice. Score +5 (DCF counts double).

▲DCF (base case)above the price by 27%

▲Forward P/E vs sector10.6x vs median 17.3x

▲Piotroski F-score7/9

▲Altman Z19.6 (safe)

▲Net debt / EBITDA-0.1x

▲Analyst target+83% (24 analysts)

Discounted cash flow

Bear

$219

-38%

growth 18% · disc. 14.0% · term. 2.0%

Base

$451

+27%

growth 30% · disc. 13.0% · term. 2.5%

Bull

$766

+115%

growth 38% · disc. 12.0% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 19% a year for 10 years.

Implied

+19%/yr

FCF, last 3 yrs

n/a

FCF, last 5 yrs

+36%/yr

Revenue, last 3 yrs

+27%/yr

Revenue, last 5 yrs

-5%/yr

Same inputs as the DCF above: trailing free cash flow 4.3B, 13.0% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2026; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-10-02). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 2.17 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.4× · 4th pct

13.1×
cheaper

Forward P/E

sector median 17.3× · 14th pct

10.6×
cheaper

EV / EBITDA

sector median 20.3× · 53rd pct

21.5×
pricier

Price / sales

sector median 4.8× · 74th pct

9.1×
pricier

Price / book

sector median 5.2× · 84th pct

14.1×
pricier

FCF yield

sector median 3.6% · 47th pct

3.3%
pricier

Forward EPS $33.25 vs trailing $26.92 (+24% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$17.0M

as of 2022-12-30

vs a year ago

-67%

YoY

× TTM revenue

0.00×

coverage

21-04

21-07

21-10

21-12

22-04

22-07

22-09

22-12

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

52.6%

Operating margin

39.4%

FCF margin

29.6%

Net margin

69.2%

Return on equity

107.2%

Return on invested capital

61.1%

Net debt / EBITDA

-0.1×

Current ratio

1.4×

Interest cover

48.8×

Cash conversion (OCF/NI)

0.5×

Piotroski F-score 7/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✓ Gross margin improved✓ Asset turnover improved

Altman Z-score 19.6 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$652

+83%

Analysts

Strong Buy

Range

$420–$1,050

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2026	$12.9B	$9.4B	$3.5B
2025	$9.5B	$1.9B	$1.3B
2024	$6.3B	$-798.0M	$-781.0M
2023	$6.3B	$-1.7B	$-1.2B
2022	$18.8B	$1.5B	$758.0M
2021	$16.9B	$821.0M	$752.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +27.4%.

For information only · Important disclosures

Grades vs sector

Momentum

96th percentile in sector

A+

12-1 return: +203.1%
Percentile within its GICS sector across the S&P 1500.

Growth

88th percentile in sector

A-

Revenue growth (YoY): +43.8%
Percentile within its GICS sector across the S&P 1500.

Value

66th percentile in sector

Forward E/P: 10.0% · EBITDA/EV: 4.2%
Percentile within its GICS sector across the S&P 1500.

Profitability

99th percentile in sector

A+

Profit margin: +72.9% · Return on equity: +130.9%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Held by 1 of 7 live models: Momentum Top 15.

Momentum Top 15

6.7% of the book · ranked 5 of 499

Held Quality Growth

ranked 59 of 360 · Composite (0-1) 0.7

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

SURVYR. Barbell Momentum & T-Bill Shield

Outside this model's universe or screens

SURVYR. Physical AI Grid & Power

Outside this model's universe or screens

SURVYR. Long Book

Not in the current book

Why it's in the Momentum Top 15 #5 of 499

Qualified on 12-1 momentum of +275.9% (its gain from 12 months to 1 month before 2026-09-30). Ranked 5th of 499 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 15 at the next rebalance (Oct 30). In the latest preview (2026-10-26) it ranks 7th.

Earnings & events

WDC earningsReported Oct 22, 2026▲ Above estimates

Results · After the close

EPS actual$4.64

EPS estimate$4.10

Surprise+13.2%

RevenueNot in our data yet

Revenue for this quarter is not in our data yet. It arrives with the quarterly filing.

Next report

Thu Jan 28, 2027Time not confirmed

EPS consensus$5.87

Revenue consensus–

Last 4 quarters · EPS vs estimate

Oct 22, 2026$4.64est $4.10+13.2%Above estimates

Aug 5, 2026$3.56est $3.30+7.9%Above estimates

Apr 30, 2026$2.72est $2.39+13.6%Above estimates

Jan 29, 2026$2.13est $1.93+10.5%Above estimates

In line = within 1% of the estimate.

EstimateActual (beat)Actual (miss)

News & catalysts

More news

Pre-Q1 Earnings: Is Sandisk Stock a Portfolio Must-Have?

Zacks · 1h ago

Down More Than 50% From Its High, Is Western Digital Stock a Buy?

Nasdaq · 3h ago

Seagate Stock Needs a Boost From Earnings—But the Bar Is High

Barrons.com · 4h ago

Seagate’s Most Important Opportunity May Be Sitting in Your Data Center

24/7 Wall St. · 7h ago

WDC's Fiscal Q2 Forecast Improves: What's Fueling the Momentum?

Zacks · 7h ago

Research

Momentum Top 15: rebalance of Sep 30, 2026Oct 22, 2026 Momentum Top 15: the October 2026 book, a rough start, and what the backtest says to expectOct 18, 2026

Insider trades

Tregillis Cynthia L

Chief Legal Officer & Corp Sec · 2026-10-21

Sell
$306.7K

Gubbi Vidyadhara K

Chief of Global Operations · 2026-09-04

Sell
$825.5K

Tregillis Cynthia L

Chief Legal Officer & Corp Sec · 2026-09-04

Sell
$194.9K

Streeter Stephanie A

Director · 2026-09-01

Sell
$728.0K

Streeter Stephanie A

Director · 2026-08-31

Sell
$897.2K

Streeter Stephanie A

Director · 2026-08-31

Sell
$894.1K

Tregillis Cynthia L

Chief Legal Officer & Corp Sec · 2026-08-27

Sell
$481.7K

Tregillis Cynthia L

Chief Legal Officer & Corp Sec · 2026-08-26

Sell
$214.6K

Tregillis Cynthia L

Chief Legal Officer & Corp Sec · 2026-08-24

Sell
$305.2K

Tregillis Cynthia L

Chief Legal Officer & Corp Sec · 2026-08-21

Sell
$112.2K

Tan Irving

Director, Chief Executive Officer · 2026-08-11

Sell
$691.3K

Tan Irving

Director, Chief Executive Officer · 2026-08-11

Sell
$2.9M

Stats refreshed 2026-10-26 18:04:08 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Systematic research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

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Coteau 0.9 · Oct 21, 2026

WDC

Chart

Ratings & dials

Analyst & Morningstar ratings

Health check

Key stats & company

What they do

Valuation & fundamentals

Discounted cash flow

Multiples vs Information Technology

Backlog (remaining performance obligations)

Quality & financial health

Analysts

Annual history

Grades vs sector

Systematic Models

Earnings & events

News & catalysts

Research

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Important disclosures