Western Digital Q3 Beat, Stock Falls 8%

Western Digital posted Q3 adjusted EPS $2.72, beating consensus $2.36, and revenue $3.34B, up 45% YoY, surpassing $3.23B estimate.
Despite the beat, shares fell over 7% in pre‑market trading after closing 5.27% higher the day before and up 60% month‑to‑date.
The company forecast Q4 revenue $3.55‑$3.75B (midpoint $3.65B) and EPS $3.10‑$3.40 (midpoint $3.25), both above analyst consensus.
Operating cash flow hit $1.12B, free cash flow $978M, and the quarterly dividend was raised 20% to $0.15 per share.