Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target

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  "signal_type": "news",
  "signal_subtype": "has_earnings",
  "detected_at": "2026-07-22T15:03:36+00:00",
  "company": {
    "name": "Western Digital",
    "domain": "westerndigital.com"
  },
  "data": {
    "url": "https://www.tradingkey.com/analysis/stocks/us-stocks/262047263-western-digital-wdc-stock-surges-july-22-2026-kioxia-merger-hdd-sold-out-tradingkey",
    "title": "Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target - TradingKey",
    "excerpt": "In late 2025, Western Digital spun off its consumer storage business, SanDisk, to become a focused HDD and enterprise storage company. The name is poised to benefit from the demand for storage, as more artificial intelligence-related infrastructure is deployed globally. The enterprise segment of Western Digital produces HDDs, which offer the most affordable storage capacity for data center hyperscalers. Given that the massive datasets that are generated by artificial intelligence applications, HDDs are the primary method for storing this data. Western Digital beat earnings for Q3 FY2026 with an earnings per share (EPS) of $2.72 per share, while the consensus forecast stood at $2.39 per share. According to management, 2026 HDD production is sold out, and the company has signed long-term contracts with customers for 2027 and 2028. Therefore, the company's revenues are already secured. Wall Street is forecasting Q4 FY2026 EPS of $3.32 on $3.7 billion in revenue. If this were to come true, that would be an earnings gain of nearly 100% and revenue growth of 42% from a year earlier. Given the earnings improvement, this would only help Western Digital's prospects of reaching the $800 to $900 analyst price targets.",
    "summary": "Western Digital reported Q3 FY2026 earnings per share (EPS) of $2.72, beating the consensus forecast of $2.39 per share.",
    "planning": false,
    "image_url": "https://resource.tradingkey.com/uploads/20260616/Western-ded0206e955e4647bc7d0f61ecb9f5ce.jpg",
    "confidence": 0.9,
    "published_at": "2026-07-22T15:03:36Z",
    "article_sentence": "Western Digital beat earnings for Q3 FY2026 with an earnings per share (EPS) of $2.72 per share, while the consensus forecast stood at $2.39 per share.",
    "amount_normalized": 2
  }
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  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
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