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Western Digital set for Aug. 5 earnings amid AI storage demand test
After a roughly 40% pullback from June highs, the company is set to report quarterly results on Aug. 5, with AI driven storage demand and pricing power still under scrutiny.
Western Digital heads into earnings on Aug. 5 after shares slid about 40% from June highs, even as the stock remains up significantly year to date. MarketBeat Ratings frames the upcoming report as a test of whether the AI storage boom can keep sustaining demand and pricing power after the AI trade wobbled.
The outlet links Western Digital’s earlier surge to a supply tightness versus rapidly rising demand for high capacity storage from AI infrastructure buildouts. It notes that, during the period of strength, the company’s year over year revenue growth accelerated and it generated enough cash to support both a dividend increase and share buybacks.
MarketBeat Ratings also points to bullish analyst positioning going into the print. It cites Morgan Stanley raising its price target to $650 and Citigroup setting a $800 target, alongside a consensus Moderate Buy rating that reflects the expectation that conservative margin guidance could still leave room for a beat.
Looking ahead, the preview argues that data center capital spending projected to keep climbing is the key tailwind. The story’s core question for investors is whether that durable build cycle is still intact when Western Digital reports results.