Western Digital Stock Falls 3% After the $4.64 Beat: What Shares Are Saying Before Sandisk Reports on 29 October - FinanceFeeds

Western Digital shares slid about 3% on Friday after the company’s fiscal Q1 results beat expectations, despite strong guidance. The stock closed at $343.67, down $10.52 (2.97%), extending its drop to roughly 9.2% below Wednesday’s $378.51 close. Volume was elevated at about 13.95 million shares versus a recent 10-day average of about 9.74 million. Western Digital reported non-GAAP earnings of $4.64 per share versus $4.08 expected, and revenue rose 55% year over year to $4.38 billion. For fiscal Q2, it forecast $5.1 billion revenue and non-GAAP EPS of $5.80. The selloff was linked to concerns over storage pricing momentum and rising NAND/DRAM input costs amid AI-driven investor expectations.