Home Earnings Analysis Tech  Summary Western Digital is set to report Q3 FY26 earnings amid unprecedented AI-driven HDD demand, mirroring Seagate’s recent blowout results. Seagate, yesterday, revealed  that its CY27 capacity is also nearly sold out, a dramatic update from 3 months ago, when Seagate had said they were just beginning CY27 capacity agreements. As of January, WDC’s capacity is effectively sold out through CY26, with forward agreements into CY27, highlighting robust hyperscaler demand. I expect WDC to potentially raise guidance for Q4 FY26 and FY27, supported by industry-wide capacity constraints and accelerating exabyte shipments. Valuation remains attractive at 33x FY26 EPS (growing 83%) and ~11x forward sales, with bullish positioning into tomorrow’s earnings. undefined undefined/iStock via Getty Images Investment Thesis Western Digital Corp.…