Western Digital Q4 Profit Surges 12x, BNP Paribas Raises Target to $700

WD earnings beat expectations with revenue at $3.75B and profit up 12x YoY. BNP Paribas raises price target to $700, signaling strong storage demand.

Woofun AI reports that Western Digital’s stock decline narrowed to 10% after an initial drop of over 22% at market open. The storage leader posted Q4 fiscal 2026 results for the period ending July 3, driven by sustained strong demand for storage products. Quarterly revenue reached $3.75 billion, a 44% year-over-year increase that exceeded the $3.692 billion market consensus. Net profit surged more than 12 times compared to the same period last year. BNP Paribas raised its price target for the stock from $660 to $700.