Western Digital Locks In HDD Capacity as AI Storage Demand Surges
AI-driven data growth is lifting demand for high-capacity NAND flash and HDD. Western Digital says nearly all 2026 HDD capacity is already under contract, with long-term agreements extending into 2028 and 2029. For the third quarter of FY26 ending March 2026, revenue rose to $3.34 billion (+45%) and adjusted gross margin reached 50.5% versus 40% a year earlier.