On August 5, Western Digital fell 5.83% in after-hours trading, trading at 497.5 USD/share, with turnover of approximately $155 million.

On the news front, the company released its latest quarterly earnings report after the close. The market had set a high bar with consensus EPS expectations of $3.24, while investors focused on whether management could deliver stronger AI storage demand guidance to justify the current valuation. The report failed to effectively boost market confidence, triggering selling pressure in the after-hours session.

The decline was amplified by significant profit-taking momentum. Western Digital had posted notable cumulative gains over the prior week, fueled by BNP Paribas raising its target price sharply from $1,050 to $1,275 — implying over 130% upside from prevailing levels. This rally had built up substantial unrealized gains among short-term holders. During regular trading, the stock had already fallen over 5% ahead of the earnings release as funds exited positions. The broader storage sector also came under pressure, with peer SanDisk declining in tandem.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)