Western Digital stock surges despite pullback from recent peak

Western Digital's share price has fallen about 46% from its peak of $799.87, which it reached in June 2026. Even so, the stock is still up roughly 150% for the year. The company split off its flash memory unit, SanDisk, in early 2025. Western Digital kept a stake in SanDisk, which added $6.5 billion to its reported earnings. The storage business itself is also growing strongly. Revenue for the most recent quarter reached $2.655 billion, with healthy profit margins. Earnings per share more than doubled compared to the same period last year. The company expects revenue to grow between 42% and 49% next quarter. Its seven biggest customers have already agreed to buy from Western Digital through 2026 and beyond.