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Western Digital Gives Solid Outlook, Hikes Dividend on AI Demand

Bloomberg Technology Thursday 22 October 2026, 20:25 UTC By Rachel Phua 1 min read
Key Points

Western Digital Gives Solid Outlook, Hikes Dividend on AI Demand Western Digital Corp. forecast better-than-expected earnings and hiked its dividend, underscoring strong demand for data storage fueled by the artificial intelligence boom. The hard-drive maker expects adjusted earnings per share of as much as $6 in its fiscal second quarter, well ahead of analyst expectations of $4.80, according to a statement Thursday. It also raised its dividend by 17%.

Western Digital Gives Solid Outlook, Hikes Dividend on AI Demand Western Digital Corp. forecast better-than-expected earnings and hiked its dividend, underscoring strong demand for data storage fueled by the artificial intelligence boom. The hard-drive maker expects adjusted earnings per share of as much as $6 in its fiscal second quarter, well ahead of analyst expectations of $4.80, according to a statement Thursday. It also raised its dividend by 17%.
Western Digital Gives Solid Outlook (ORG) AI Demand Western Digital Gives Solid Outlook (ORG) AI Demand Western Digital Corp. (ORG)
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