Western Digital Reports Strong Q3 Earnings Amid Rising HDD Demand Driven by AI
Western Digital reported strong fiscal third-quarter results with $3.3 billion in revenue, a non-GAAP EPS of $2.72, and significant growth in exabytes shipped due to rising demand for high-capacity hard disk drives driven by the 'AI-driven data economy.' The company also strengthened its balance sheet through monetizing SanDisk shares.
Topics: AI-driven data economy buybacks capacity roadmap dividend increase financial performance HDD demand