Western Digital stock whipsaws after earnings as Seagate effect keeps AI storage trade in focus
SAN JOSE, Calif., Jan 29, 2026, 13:35 Western Digital reported a 25% rise in quarterly revenue and projects fiscal third-quarter sales near $3.2 billion, driven by steady demand for its high-capacity hard drives in data centers. The company posted adjusted earnings of $2.13 per share and free cash flow of $653 million for the quarter ending Jan. 2. Shares slipped about 0.5% in after-hours trading.