Western Digital stock falls 1.33 percent as supply fears persist

Published on 10/07/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Western Digital stock fell 1.33 percent to USD 405.56 on October 7, 2026, during Nasdaq trading. Fiscal Q4 revenue rose 43.8 percent to USD 3.75 billion.

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Western Digital stock (ISIN US9581021055) fell 1.33 percent to USD 405.56 on October 7, 2026, during Nasdaq trading. The move extends a sharp repricing of hard-disk-drive shares after new supply concerns reached the market.

Supply fears pressure the shares

As Yahoo Finance reported on October 6, 2026, Toshiba's plan to increase hard-disk-drive output for artificial intelligence infrastructure sent Western Digital lower while broader memory stocks held up better. The issue matters because additional drive capacity could eventually weaken pricing power in a market that has benefited from tight supply.

The same report said Western Digital was down 6 percent in late-morning trading on October 6, while its year-to-date gain stood at 141 percent. That contrast makes the latest decline a valuation reset as well as a reaction to the supply story.

Quarterly growth remains visible

According to MarketBeat, Western Digital reported fiscal fourth-quarter revenue of USD 3.75 billion for the quarter ended July 3, 2026, up 43.8 percent from the prior-year period. Adjusted earnings per share reached USD 3.56, exceeding the USD 3.31 consensus by USD 0.25.

The reported figures give investors a concrete counterweight to the supply concern. Western Digital also set fiscal first-quarter 2027 guidance at USD 3.850-4.150 in earnings per share, according to MarketBeat, although the guidance range is an outlook rather than a reported result.

Consensus stays above the market

MarketBeat listed a Moderate Buy consensus with an average target of USD 534.56, based on two Strong Buy, eighteen Buy and five Hold ratings. That target is 31.8 percent above the October 7 intraday price of USD 405.56, but the spread also reflects disagreement over how quickly new HDD supply could affect margins.

Western Digital stock trades below its peak

Western Digital stock was last at USD 405.56 on Nasdaq on October 7, 2026, at 10:24 a.m. ET. The 52-week range is USD 112.52 to USD 799.87, while market capitalization is USD 139.8 billion.