Western Digital surged over 12% in pre-market trading, driven by strong market demand that boosted first-quarter performance beyond expectations

Western Digital surged over 12% in pre-market trading, reaching $154.9, with the stock price poised to hit a record high after the market opened. In terms of news, Western Digital announced its first-quarter results for the fiscal year 2026, with revenue increasing by 27.4% year-on-year to $2.82 billion, exceeding analysts' expectations of $2.74 billion; adjusted earnings per share were $1.78, higher than the analysts' forecast of $1.58; free cash flow was $599 million, a significant improvement from a loss of $61 million in the same period last year. The company expects second-quarter revenue to be between $2.8 billion and $3 billion, with adjusted earnings per share expected to be between $1.73 and $2.03, while analysts anticipate $2.83 billion and $1.74, respectively