Western Digital stock price rebounds as WDC steadies after Thursday slide

New York, Feb 27, 2026, 11:23 EST — Regular session

Western Digital Corp (WDC) shares rose on Friday after a sharp fall in the previous session. The stock was last up 1.1% at $285.39, after opening at $276.60 and trading between $275.18 and $287.69. Investing.com

The move matters because the stock has already had a strong run into late February. WDC is up 14.11% this month and about 65.75% for the year so far, and it has traded between $28.83 and $309.90 over the last year, AAII data showed. AAII

On Thursday, WDC slid 2.99% to close at $282.25, underperforming peers Seagate Technology and NetApp, while the S&P 500 fell 0.54%, MarketWatch data showed. Trading volume reached 10.8 million shares, above its 50-day average of 10.0 million. MarketWatch

Tech stocks broadly weakened in that session even after Nvidia reported strong quarterly growth. Nvidia shares fell 5.5%, dragging down chip-linked names including Micron, Seagate and Western Digital, Barron’s reported. Barron’s

Western Digital has also put some balance-sheet items back in focus. In a Feb. 24 filing, the company said it eliminated its Series A convertible preferred stock after a mandatory conversion on Feb. 17, and it redeemed its 2029 and 2032 senior notes in full after depositing funds with the trustee on Feb. 23. SEC

The company last reported results on Jan. 29, when it posted fiscal second-quarter revenue of $3.02 billion, up 25% year on year. CEO Irving Tan said “strong performance this quarter reflects our disciplined execution to meet demand in the AI-driven data economy,” and CFO Kris Sennesael guided to about $3.2 billion of revenue at the midpoint for the fiscal third quarter. Western Digital also said it completed the separation of its Flash business into Sandisk in February 2025 and declared a $0.125-a-share dividend payable March 18, with a March 5 record date. Western Digital

But the stock’s run has made it more sensitive to any wobble in data-center orders or pricing, and storage hardware names can turn quickly when sentiment shifts. A broad risk-off move in tech can swamp company-specific positives.

Investors’ next checkpoint is March 3, when Western Digital management is due to speak at the Morgan Stanley Technology, Media & Telecom Conference, the company said. Any update on demand, pricing and capital returns will likely drive the next leg in the share price. Western Digital

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