Western Digital beat estimates and expects second-quarter sales of $5 billion to $5.2 billion and profit of $5.60 to $6.00 per share. Prices may eventually rise more slowly, and Toshiba plans more drive capacity, but strong demand and the higher company forecast support its outlook.
The stronger company forecast and rising demand could help Western Digital keep selling more storage at higher prices. Its leaders also see customer demand growing for years ahead. The CFO expects price increases to slow eventually, and Toshiba plans to expand drive capacity. Western Digital says it will not add more unit capacity, so the current demand and higher forecast carry more weight.
The article reports pressure on Seagate shares amid concerns about future supply and AI spending costs, but gives no Seagate-specific business results. It does not show a clear change in Seagate's business outlook.
NVIDIA appears only in a broad AI-stock reference, with no new company-specific sales or demand facts. The story does not change the outlook for its business.
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