Western Digital Q3 Beats, Stock Falls 6%

Western Digital posted Q3 adjusted EPS $2.72, beating consensus $2.36, and revenue $3.34bn, up 45% YoY, above $3.23bn estimate.
Despite the beat, shares fell 6% after hours, though they had closed 5.27% higher Thursday and are up over 60% month‑to‑date.
Company forecast Q4 revenue $3.55‑$3.75bn and EPS $3.10‑$3.40, both above consensus, and projects adjusted gross margin 51‑52%.
Western Digital raised its quarterly dividend 20% to $0.15 per share and reported operating cash flow $1.12bn with free cash flow $978m.