Western Digital (WDC) Stock Rises 7% After SanDisk Investor Day Sparks Storage Rally

TLDR

• WDC stock jumped 7.3% to $487.29, hitting an intraday high of $502.64
• Former subsidiary SanDisk surged 13%+ after projecting mid-teens annual revenue growth through 2030
• Western Digital beat Q4 FY2026 estimates with EPS of $3.56 vs consensus of $3.29, on revenue of $3.75 billion
• JPMorgan raised its price target to $650 with an “overweight” rating; consensus sits at “Moderate Buy” with a $534.56 average target
• CEO Irving Tan sold $8.9 million worth of stock on August 11 under a pre-arranged trading plan

Western Digital (WDC) stock climbed 7.3% on August 14, trading at $487.29 and touching an intraday high of $502.64. The previous close was $454.10.

Western Digital Corporation, WDC

The spark came from SanDisk, Western Digital’s former Flash subsidiary, which held an Investor Day on August 13. SanDisk projected mid-teens annual revenue growth for fiscal years 2028 through 2030, driven by AI infrastructure demand. The stock surged more than 13% overnight, pulling storage peers higher with it.

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