Earnings update: WDCupdated 10:02 p.m. ET, Oct. 22 · refreshed every 15 minutes
WDC was at $354.19 in after-hours trading at 4:00 p.m. ET on Oct. 22, 0.0% from the $354.19 close before the report.
Western Digital Corp reported fiscal Q1 2027 results on Oct. 22 after the close: revenue $4.38B vs $4.18B expected (+4.9%); earnings per share $4.64 vs $4.13 expected.
WDC is down 35.4% from its 3-month high and 52.5% from its 52-week high. Whether it climbs back is something nobody can know, but the stock's own history offers useful context.
Below are WDC's past drops of 20% or more, how deep each one went and how long the comeback took.
The chart below tracks WDC's daily closing price from April 28, 2026 to Oct. 22, 2026. Over that stretch it is down 9.4%, from $390.75 to $354.19, with a high of $746.00 on June 18, 2026 and a low of $332.00 on Oct. 16, 2026. Each red circle marks a week in which company insiders sold shares on the open market (14 weeks in this period; bigger circles mean more money). There are no green diamonds: no insider bought on the open market in this window.
WDC share price and insider trades
Daily closing price, Apr 28, 2026 to Oct 22, 2026 · dots are open-market trades by company insiders (SEC Form 4), one per week
Latest
$354.19
Oct 22, 2026
Change
▼ -9.4%
since Apr 28, 2026
High
$746.00
Jun 18, 2026
Low
$332.00
Oct 16, 2026
Share price Insider sales: $35.8M in 21 trades Insider buys: noneBigger dot = more money. Hover a dot or the line for details.
WDC's past 20%+ drops and recoveries
The table below shows WDC's past 20%+ drops and recoveries. Nov. 10, 2025 has the highest drop (-20.1%) and June 18, 2026 the lowest (-55.5%). July 10, 2024 ranks 3 of 4.
Peak
Low
Drop
Back to the peak
2024-07-10
2025-04-04
-49.6%
54 trading days (2025-06-24)
2025-11-10
2025-11-21
-20.1%
12 trading days (2025-12-10)
2026-03-19
2026-03-30
-20.6%
6 trading days (2026-04-08)
2026-06-18
2026-10-16
-55.5%
not yet
Also worth knowing about WDC
No open-market insider purchases in 90 days, against $15.7 million of sales.
On share issuance, the dilution score is 40/100 (moderate). Share count up 3.9% over a year.
The company filed a 8-K on Sept. 14, 2026: Convertible notes · with a capped call that limits dilution up to a cap.
“Our first quarter results demonstrate the continued momentum in our business, with robust exabyte growth and improved pricing driving another quarter of strong financial performance”
From the company's earnings release filed with the SEC on 2026-10-22 (Form 8-K).
What would change the picture for WDC
These are the specific events and levels to watch. None of them is a prediction.
An open-market purchase by an insider at Western Digital Corp. There has been none in 90 days; Form 4 filings would show one within two business days of the trade.
Analyst ratings: the average score moved from 4.1 to 4.0 over three months (on a scale where 5 is strong buy and 1 is strong sell). A run of downgrades after earnings usually shows up here first.
Price levels: a close above $746.0 would be a new 52-week high, 110.6% above the latest close of $354.19; a close below $120.25 would be a new 52-week low, 66.0% below it.
Growth: revenue rose 35.7% year over year in the quarter ending Jul 2026 (trend: accelerating). At a P/E of 14.6, a slowdown would matter more than at a lower multiple.
New shares: dilution risk is moderate now. A new shelf registration (S-3) or a prospectus supplement (424B) for an offering would raise it.
How WDC compares with its peers
Over the past month WDC ranks 2 of 3 in this group (-25.2%); the best was MU (-20.1%) and the weakest SNDK (-30.6%).
WDC's P/E of 14.6 is in line with the peers' median of 14.3.
Stock
Close
1 month
3 months
From 52-wk high
P/E
Price/sales
Revenue growth
WDC
$354.19
-25.2%
-31.8%
-52.5%
14.6
9.88
+35.7%
MU
$856.49
-20.1%
-7.0%
-29.4%
11.5
7.28
+256.3%
SNDK
$1260.93
-30.6%
-12.2%
-46.0%
17.2
9.12
+175.3%
WDC history: what happened after similar moves
Since 2023, WDC fell 25.2% or more in a month 3 times (separate episodes, not counting the current one). Three months later it was higher in 2 of 3 cases; the median change was +14.1%.
Past moves don't predict the next one; they show how volatile the stock has been.
Month ending
Move in that month
1 month later
3 months later
2024-08-02
-26.4%
+10.2%
+14.1%
2025-04-04
-26.3%
+45.0%
+110.0%
2026-07-16
-28.6%
+9.0%
-22.0%
The bottom line
WDC is down 35.4% from its 3-month high and 52.5% from its 52-week high. Nobody knows if or when it will recover; history only shows how past drops played out.
In the last three years, 3 drops of 20% or more fully recovered, after about 24 trading days on average.
Questions people also ask
Do analysts think WDC is a buy?
24 of the 31 analysts who cover Western Digital Corp rate it a buy or strong buy, for a consensus of Buy. Ratings describe analysts' views, not a guarantee, and they change after earnings. More →
Are WDC insiders buying or selling?
Insiders sold $15.7 million of WDC on the open market in 90 days and bought none. Sales are often routine (taxes, diversification, pre-planned plans); purchases with their own money are the stronger signal.
Who is the largest shareholder of WDC?
Among investment managers that file Form 13F, BlackRock Inc. reported the largest WDC position ($21 billion). 1844 institutions reported holding WDC for Q2 2026.
Is Western Digital Corp profitable?
Yes. Western Digital Corp had $12.9 billion of revenue over the last 12 months with a net margin of 72.9% and a P/E of 14.6.
Does WDC pay a dividend?
Yes: $0.50 per share over the last 12 months, about 0.14% at today's price.
Is Western Digital Corp issuing new shares?
Dilution risk reads moderate (40/100); the share count rose 3.9% in a year. That is based on 3 offering-related filing(s) in 12 months.
Dates to watch for WDC
Insider trades can come any day: they must be filed on Form 4 within two business days.
Date
Event
Why it matters
Wed Oct 28, 2026
Federal Reserve rate decision
Market odds: 93% hold, 1% cut, 6% hike.
Thu Oct 29, 2026
SNDK earnings
A read-through for WDC: results from a peer often move the group.
Mon Nov 16, 2026
13F filing deadline
Funds disclose what they held on 2026-09-30, including WDC.
Fri Nov 20, 2026
Monthly options expiration
Often heavier trading and bigger swings in widely traded stocks.
Key terms on this page
P/E ratio
Price divided by the last 12 months of earnings per share. A P/E of 20 means investors pay $20 for each $1 of yearly profit. It is only defined when the company is profitable.
Form 4
The SEC form a company's officers, directors and 10% owners must file within two business days of buying or selling its stock.
Open-market trade
A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.
Form 13F
A quarterly SEC report listing the U.S. stock holdings of every investment manager with more than $100 million. It is due 45 days after each quarter ends, so it shows positions with a delay.
Dilution
When a company issues new shares, each existing share owns a smaller piece of the company. Common sources: stock offerings, convertible debt and large stock-based pay.
Form 8-K
The SEC form for material events between quarterly reports: earnings releases, deals, executive changes, stock offerings and similar news.
52-week high / low
The highest and lowest daily closing price over the past year (about 252 trading days).
Where these numbers come from
Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.
Price: daily closing prices through Oct. 22, 2026; changes use 5, 21 and 63 trading days; the 52-week range uses the last 252 closes.
Insider trades: SEC Form 4 filings for the last 90 days, counting only open-market purchases (code P) and sales (code S); option exercises, grants, gifts and filings with data errors are left out.
Analyst ratings: counts of current ratings from 31 analysts, compared with three months ago.
Earnings dates and estimates: a market-data calendar; reported vs expected EPS for the last 4 quarters.
Valuation and growth: revenue, earnings, margins and share counts from the company's SEC filings (XBRL data, latest quarter Jul 2026); P/E and price/sales use the latest close.
Fund ownership: SEC Form 13F filings for Q2 2026.
Dilution: share-count changes and offering-related SEC filings (shelf registrations, prospectus supplements, convertible notes) over two years, scored 0-100.
History: 21-trading-day moves over about three years of daily closes, counted once per episode.
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How this article was made: it was generated from SEC filings and market data with automated tools and is published under Tessa Caldwell's editorial responsibility. Spotted an error? Tell us and we will correct it.
Sources: SEC EDGAR (Form 4, 8-K/6-K, prospectuses, XBRL share counts) and daily closing prices. Insider sales are often routine (taxes, diversification, pre-planned 10b5-1 plans). Not investment advice.
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