Western Digital beats quarterly revenue estimates on strong data storage demand
Demand for Western Digital's storage devices has surged due to the widespread adoption of artificial intelligence, which makes use of data centers requiring infrastructure to hold large amounts of data for training.
For the quarter ended June 27, the company reported revenue of $2.61 billion, beating estimates of $2.47 billion, according to data compiled by LSEG.
Western Digital forecast first-quarter revenue of $2.70 billion on an adjusted basis, plus or minus $100 million. Analysts expect $2.54 billion.
It forecast adjusted earnings per share of $1.54, plus or minus 15 cents, while analysts expect $1.38 per share.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Auto Blog
2 hours ago
- Auto Blog
Report: Toyota Still Considering Smaller Unibody Truck for US
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Sure, they're cleaner and more energy efficient, but automakers like Hyundai, Cadillac and Porsche are betting a better way to get buyers interested in EVs is to sell their unrivaled performance. Ford and Hyundai have succeeded in the compact truck segment — could Toyota be next? Small trucks have had a bumpy history in the States. However, lately, some automakers have found success with smaller-than-usual offerings, including Ford's Maverick and Hyundai's Santa Cruz, both of which are small pickups. The small truck segment could grow even more with the Bezos-backed Slate pickup, albeit its existence has become a lot more uncertain in the last few weeks as EV incentives go the way of Amelia Earhart. Then, we get to Toyota. Recent reports coming from Automotive News seem to indicate Toyota may still bring a tyke-sized truck to the US market, and it might not be the truck you expect it to be. 2025 Toyota Tacoma SR 2025 Ford Maverick Lariat A smaller Toyota truck would not share much with existing Toyota truck offerings While the current Toyota truck lineup in the US features solely body-on-frame construction, the prospective addition to the family would likely be based on the RAV4. Automotive News reports that Toyota Motor North America is still 'studying' a compact unibody-based pickup for the US market. They also confirm that the Corolla-based and electrified truck that Toyota is selling in Brazil is decidedly 'too small' for the US. Disappearing incentives/rebates and tariffs are also likely contributing factors as to why we won't get that smaller pickup. By providing your email address, you agree that it may be used pursuant to Arena Group's Privacy Policy. Toyota EPU Concept Toyota EPU Concept A truck built on the TNGA-K platform — which underpins the RAV4, Camry, Sienna, and others — means staying more than competitive with other small truck offerings. The Grand Highlander, a TNGA-K vehicle, can tow up to 5,000 pounds, which is 1,000 more than what the Maverick can muster. Considering even the three-row Grand Highlander is only two inches longer than the Maverick, the platform's size would be right on the money, too. Although at one point speculation pointed towards electrification, that plan — if there ever was one — is almost certainly scrapped in the face of loosening EPA regulations and dashed EV rebates. In the US, anyway, as Europe is a different story. Automotive News thinks 2028 would be the earliest we'd see the hypothetical truck. A new small truck fits Toyota's goals like a glove In related chats with Ted Ogawa, Toyota North America CEO, Automotive News uncovered additional pieces of the puzzle that might point towards a tinier truck alternative. 'When we talk about affordability, the key is the entry segment,' Ogawa says. 'So, in our lineup, that means Corolla and Corolla Cross.' That covers the small SUV and sedan segment; why not bring in an 'entry segment' truck to round things out? Another priority of Ogawa's — and, realistically, all automakers — is getting the most bang per buck at a platform level. 'Products must be refreshed, but the platform can be extended,' he tells AN. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. There's one last intimation we glean from the Ogawa interview. 'Toyota's basic policy is to build where we sell and buy where we build,' he starts. Later, we get a real-world example. 'In the case of the Corolla sedan, currently the internal-combustion version is built in Mississippi. But the hybrid is built in Japan, because that plant is more competitive for that product.' We can't imagine any market more ready to chomp at the bit for an affordable, small Toyota pickup than the US. The Slate hype — which may have, ultimately, been just that — was all the evidence we needed. 2024 Toyota Tacoma SR5 2025 Ford Maverick Final thoughts New Toyota truck rumors have persisted for years. Ford moved 48,041 Mavericks in just the second quarter of 2025. Arguably more importantly, a whopping 60% of Maverick buyers were new to the brand. Some of those customers inevitably migrated from Toyota, and that's got to hurt. We think the chances are high that Toyota wants to bring a competitor to the market. It's just a question of when, and whether or not 2028 will be too late. About the Author Steven Paul View Profile
Reuters
2 hours ago
- Reuters
Commanders coach on Terry McLaurin trade request: Business as usual
August 2 - Washington Commanders head coach Dan Quinn said Saturday that he understands the business side of the sport when it comes to wide receiver Terry McLaurin requesting a trade from the team. McLaurin asked for a change of scenery on Thursday given his frustration with the lack of progress in negotiations toward a contract extension. Quinn said McLaurin told him of his plea for a trade before the news became public. "We love Terry. I'm really glad he's here," Quinn said. "Hopefully he's out practicing soon. We also understand there's the business side of this things that (general manager) Adam (Peters) and his side and Terry and his reps are working it through. I just kind of stay in that space. We recognize both are happening. "But like I said, I'm really glad he's here. I love coaching him. But the business side, that's kind of where it's at. It's not -- somebody asked me if it's a distraction -- it is not. Players today, they're more aware of contracts and things maybe than they used to be. They recognize that business part happens, as well, so for the team, we're just rocking and going and throwing some great practices. "For Terry and the trade request, that's part of normal business that is happening around the NFL. It's normal, we understand it, and we just throw our very best practices out on the field." McLaurin, who turns 30 in September, became a hold-in and was placed on the team's physically unable to perform list with an apparent ankle injury suffered last season. He did not attend organized team activities and mandatory minicamp. He did, however, participate in spring workouts. With a base salary of $15.5 million and cap hit of $25.5 million in the final season of a three-year, $68.3 million contract, the speedster is coming off a career year with 1,096 receiving yards, 13 touchdowns and 82 receptions on 117 targets. He added three scores and 227 yards on 14 receptions in three playoff games. McLaurin and rookie quarterback Jayden Daniels helped lead Washington to a 12-5 regular-season mark and its best season since it won the Super Bowl in 1991. The Commanders knocked off the Tampa Bay Buccaneers in the NFC wild-card round and Detroit Lions in the divisional round before falling to the eventual Super Bowl champion Philadelphia Eagles in the NFC Championship Game. Over six seasons with Washington, the two-time Pro Bowl selection (2022, 2024) has 6,379 receiving yards, 38 touchdowns and 460 catches in 97 games. A team captain, McLaurin has hit the 1,000-yard mark for a franchise-record five straight seasons despite instability at the quarterback position before Daniels' NFL Offensive Rookie of the Year campaign. --Field Level Media
Auto Blog
2 hours ago
- Auto Blog
This Is What Toyota's Answer to the Ford Maverick Might Look Like
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Just as expected, the Turbo S is the culmination of all Porsche's technologies in a single 911-shaped package. You can lease a 2025 Mazda CX-90 or CX-90 PHEV for as little as $316 per month Ford is looking to have a 'Model T Moment,' according to CEO Jim Farley, as it prepares to roll out a new family of 'affordable' battery-electric vehicles. But exactly what's coming? How low will prices go? And what role did China play? The world's largest carmaker is preparing to jump into the compact pickup market. The small lifestyle pickup will take on the Ford Maverick and Hyundai Santa Cruz, with a potential launch window in 2026 or 2027. And unlike the Hilux, this one's not being built to pull tree stumps out of bogs — it's aimed squarely at young urbanites, daily drivers, and maybe even your neighbor who already owns three camping chairs and a roof box. Thanks to rendering artist, Theottle, we have some idea of what it might look like. 0:09 / 0:09 Chevrolet says a next-gen Camaro is still possible. What could it look like? Watch More Source: Theottle/YouTube A Properly-Sized Pickup For America (And Maybe The World) The new model will most likely be based on either the RAV4's TNGA-K platform or the smaller Corolla-based TNGA-C, meaning this ute is more crossover than crawler. The size is expected to be slightly shorter than a RAV4, and powertrains will likely be hybrid-first, including a plug-in hybrid variant capable of over 60 miles (100 km) of EV-only range. Not only would this make it Toyota's most efficient pickup ever, but it comes at a time when the company is doubling down on reliability and sheer road presence. Toyota claims over 150 million of its cars are still on the road today — a handy fact when you're trying to win over budget-conscious buyers who don't want to own a disposable trucklet. Source: Theottle/YouTube Ford's Sales Surge May Be Forcing Toyota's Hand Although Toyota still holds the overall U.S. sales crown, it's now under pressure from all angles. According to recent Q2 data, Ford is catching up fast. Ford's year-over-year gains are outpacing Toyota's, and with the Maverick continuing to be a runaway success, it's no wonder Toyota sees the need to respond. A hybrid ute that undercuts the Tacoma and gives buyers something between a crossover and a proper truck would fill a glaring gap in their lineup. Built In America, Sold Back To Japan? It's not just the U.S. market Toyota is eyeing. There's also growing speculation — including recent comments from Chairman Akio Toyoda himself — that American-made Toyotas may soon be sold in Japan. This follows new trade agreements that make it easier to import U.S.-built vehicles to Japan by removing complex certification barriers. If Toyota does choose to build this pickup in North America, it could be among the first models to benefit. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. What To Expect: Specs & Strategy While Toyota hasn't confirmed specifics yet, early reports suggest the new ute will be based on either the RAV4's TNGA-K platform or the smaller Corolla-based TNGA-C. That means a car-like ride, excellent hybrid integration, and a front-wheel-drive layout with optional all-wheel drive. Powertrains are expected to include both a regular hybrid and a plug-in hybrid, with the latter capable of over 60 miles of electric-only driving. That figure would place it at the top of its class in terms of efficiency. If Toyota's internal timelines are accurate, the truck could launch in North America in late 2026 or early 2027, with other markets to follow. Expect it to slot below the Tacoma in price and size, aimed squarely at buyers who want the rugged look of a pickup without the fuel bills or size penalties. About the Author Max Taylor View Profile
