TradingKey – The continuous expansion of AI data centers is driving the storage industry into a new upcycle. Benefiting from robust demand for enterprise hard drives, Western Digital ( WDC) delivered a near-flawless quarterly earnings report.

Revenue, profitability, and margins all improved significantly, with net profit surging more than 12-fold year-over-year, indicating that the storage industry’s recovery continues to gain momentum.

For the fourth fiscal quarter ended July 3, 2026, the company reported revenue of $3.747 billion, up 44% year-over-year, higher than market expectations of approximately $3.68 billion; adjusted earnings per share (Non-GAAP EPS) was $3.56, also beating analysts’ consensus estimate of $3.31.

The improvement…