Western Digital Stock Surges 69.7% After Q1 Revenue Beat

Earnings
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Summary · why it matters

Western Digital reported first-quarter revenues of $3.34 billion, a 45.5% year-on-year increase that exceeded analyst expectations by 2.5%, and its stock has since surged 69.7% to $737.25. The broader semiconductor group tracked by StockStory posted a strong quarter overall, with aggregate revenues beating consensus estimates by 2.6% and next-quarter guidance coming in 6.3% above expectations. Among peers, Texas Instruments delivered the best performance with revenues of $4.83 billion, up 18.6% year on year and beating estimates by 6.6%, while Universal Display was the weakest, with revenues falling 14.5% to $142.2 million and missing estimates by 11%. Amtech Systems and Lam Research also reported beats, with Amtech's revenues rising 31.4% to $20.47 million and Lam Research's revenues climbing 23.8% to $5.84 billion. Semiconductor stocks have risen an average of 28.2% since their latest earnings results.

Impact on stocks 5

Semiconductors▲ · 3 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Western Digital Corporation
WDC
▲ PositiveCapitalrelevance

Western Digital reported Q1 revenues of $3.34B, beating estimates by 2.5%, and stock surged 69.7%.

Spatial Computing / AR/VR▼ · 1 stocks
Universal Display
OLED
▼ NegativeCapitalrelevance

Universal Display revenues fell 14.5% to $142.2M, missing estimates by 11%.

Theme Impact 4

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