Western Digital Shares Rise as Guidance Points to Strong Q4 Recovery
Western Digital rose 2.2% to $544.84, while Sandisk fell, and the outlook hinges on how quickly each can return to recent highs. Western Digital’s fiscal fourth-quarter guidance calls for $3.65B±$100M revenue and adjusted EPS about $3.25, with adjusted gross margin of 51%–52% and $30–$33 EPS for the quarter, implying sharp year-over-year growth.