Western Digital jumps on additional buyback plan
ReutersFeb 3, 2026 2:10 PM
Shares of data storage company Western Digital WDC.O rise 4.7% to $282.20 premarket
Company authorizes additional $4 billion of share repurchases
It has ~$484 mln remaining for buybacks as of Monday under prior authorization of $2 bln in May 2025
In January, WDC forecast Q3 adjusted revenue of $3.2 bln, plus or minus $100 million, vs analysts' estimate of $2.96 bln - data compiled by LSEG
Shares more than tripled in 2025
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