Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Loading
Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Aaron Rakers | Wells Fargo | 14 questions · 0% challenging |
| CJ Muse | Cantor Fitzgerald | 13 questions · 8% challenging |
| Karl Ackerman | BNP Paribas | 13 questions · 0% challenging |
| Tom O'Malley | Barclays | 12 questions · 0% challenging |
| Amit Daryanani | Evercore ISI | 11 questions · 9% challenging |
| Erik Woodring | Morgan Stanley | 10 questions · 0% challenging |
| Ananda Baruah | Loop Capital | 9 questions · 0% challenging |
| Wamsi Mohan | Bank of America | 8 questions · 13% challenging |
| Vijay Rakesh | Mizuho Securities | 7 questions · 0% challenging |
| Asiya Merchant | Citigroup | 7 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wells Fargo | 1 analyst | 14 questions · 0% challenging |
| BNP Paribas | 1 analyst | 13 questions · 0% challenging |
| Morgan Stanley | 2 analysts | 13 questions · 0% challenging |
| Cantor Fitzgerald | 1 analyst | 13 questions · 8% challenging |
| Evercore ISI | 2 analysts | 12 questions · 8% challenging |
| Barclays | 1 analyst | 12 questions · 0% challenging |
| Citigroup | 2 analysts | 12 questions · 0% challenging |
| Bank of America | 3 analysts | 11 questions · 9% challenging |
Western Digital posted Q3 revenue of $3.3B up 45% year-over-year as cloud revenue surged 48% on strong nearline demand, with gross margin breaking 50% on pricing and mix shift. The balance sheet was upgraded to investment grade while a 20% dividend increase was announced, and 215 exabytes were delivered to customers up 22% year-over-year. The AI-driven data economy fueled structural storage demand, while UltraSMR adoption accelerated across the customer base and HAMR qualification advanced though ramp timing remained uncertain.
Demand | Supply Chain | Margin | Pricing | Product Launch | Innovation & R&D | Cloud & AI | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 4 | 2 | 7 | 4 | 2 | 1 | 3 | 3 |
| 2025Q2 | 6 | 8 | 1 | 2 | 2 | 1 | 1 | 2 |
| 2025Q3 | 10 | 6 | 5 | 4 | 3 | 4 | 2 | |
| 2025Q4 | 5 | 2 | 2 | 4 | 3 | 1 | 2 | 1 |
| 2026Q1 | 10 | 4 | 4 | 2 | 4 | 4 | 3 | 2 |
| 2026Q2 | 6 | 2 | 5 | 3 | 6 | 6 | 2 | 3 |
| 2026Q3 | 4 | 2 | 1 | 3 | 2 | 1 | 2 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|---|
| Demand | 4 | 6 | 10 | 5 | 10 | 6 | 4 |
| Supply Chain | 2 | 8 | 6 | 2 | 4 | 2 | 2 |
| Margin | 7 | 1 | 5 | 2 | 4 | 5 | 1 |
| Pricing | 4 | 2 | 4 | 4 | 2 | 3 | 3 |
| Product Launch | 2 | 2 | 3 | 3 | 4 | 6 | |
| Innovation & R&D | 1 | 1 | 4 | 1 | 4 | 6 | 2 |
| Cloud & AI | 3 | 1 | 2 | 2 | 3 | 2 | 1 |
| Cost Pressure | 3 | 2 | 1 | 2 | 3 | 2 |
The table scrolls sideways. Swipe it, or select it and use the arrow keys.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $2.21B | +48.9% | $1.35 | +162.2% | 36.4% | 15.4% | 22.3% | $-62M |
| FY2025 Q2 | $4.29B | +41.3% | $1.63 | +275.3% | 35.4% | 19.9% | 13.9% | $287M |
| FY2025 Q3 | $2.29B | +30.9% | $1.42 | +317.6% | 39.8% | 33.1% | 22.8% | $379M |
| FY2025 Q4 | $2.60B | +30.0% | $0.76 | +772.6% | 41.0% | 26.1% | 9.9% | $675M |
| FY2026 Q1 | $2.82B | +27.4% | $3.07 | +127.4% | 43.5% | 28.1% | 41.9% | $599M |
| FY2026 Q2 | $3.02B | +25.0% | $4.73 | +190.2% | 45.7% | 31.9% | 61.1% | $653M |
| FY2026 Q3Selected | $3.34B | +45.5% | $8.52 | +500.0% | 50.2% | 35.7% | 96.0% | $978M |
| FY2026 Q4 | $3.75B | +43.8% | $8.50 | +1018.4% | 54.1% | 41.7% | 85.3% | $1.09B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
No 8-K events recorded for this window.
Calendar quarter Q1 2026Earnings call Apr 30, 2026
FY2026 Q3 in brief
Western Digital posted Q3 revenue of $3.3B up 45% year-over-year as cloud revenue surged 48% on strong nearline demand, with gross margin breaking 50% on pricing and mix shift.
Newest quarter FY2026 Q4 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Western Digital (WDC), FY2026 Q3: 9/10. Scores: Western Digital’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: WDC daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
GAAP revenue YoY +45.5% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What WDC and other companies said about each other on FY2026 Q3 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Additionally, during the quarter, we received an upgrade from Standard & Poor’s and Fitch to investment-grade level.”
Fitch Ratings upgraded Western Digital to investment grade alongside S&P, marking a broad ratings-agency vote of confidence in WDC's balance sheet.
“Additionally, during the quarter, we received an upgrade from Standard & Poor’s and Fitch to investment-grade level.”
S&P Global Ratings upgraded Western Digital to investment grade, reflecting a rating agency's improved credit assessment of WDC.
“It is our intention to monetize the remaining 1.7 million shares in an equity-for-equity transaction.”
WDC plans to divest its remaining 1.7 million SanDisk shares tax-free before year-end, fully exiting its post-spin SanDisk position.
“During the third fiscal quarter, we significantly strengthened our balance sheet by monetizing 5.8 million shares of SanDisk, which led to a $3.1 billion reduction in our debt.”
Western Digital sold 5.8 million of its SanDisk shares to cut debt, signaling WDC is steadily unwinding its residual stake in the spun-off flash business.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
WDC Western Digital | 9 | +45.5% | |
| ANET Arista Networks | 9 | +35.1% | |
| DELL Dell Technologies | 10 | +40.2% | |
| HPQ HP Inc. | 5 | +6.9% | |
| IONQ IonQ, Inc. | 9 | +754.7% | |
| NTAP NetApp | 8 | +4.4% | |
| P Everpure, Inc. | 9 | +20.4% | |
| QBTS D-Wave Quantum Inc. | 2 | -81.0% | |
| RGTI Rigetti Computing, Inc. | 8 | +198.9% | |
| SMCI Supermicro | 7 | +122.7% | |
| STX Seagate Technology Holdings | 10 | +44.1% |