Excellent Earnings Propelled Prices of These 10 Firms

6. Western Digital Corporation (NASDAQ:WDC)

Western Digital saw its share prices jump by 7.98 percent on Wednesday to finish at $43.86 apiece as investor sentiment was fueled by its strong earnings performance in the third quarter of fiscal year 2025.

In its earnings release, Western Digital Corporation (NASDAQ:WDC) said that net income in the past quarter expanded by 285 percent to $520 million from $135 million in the same period a year earlier, while net revenues jumped by 30.9 percent to $2.294 billion from $1.752 billion year-on-year.

In the first nine months alone, the company swung to a net income of $1.607 billion from a net loss of $837 million in 2023, as net revenues surged by 60 percent to $6.9 billion from $4.3 billion in the same comparable period.

“Western Digital executed well in its fiscal third quarter, achieving revenue at the high end of our guidance range and gross margin over 40%,” said CEO Irving Tan. “Even in a world marked by geopolitical uncertainty and shifting tariff dynamics, one thing remains constant: the exponential growth of data. When it comes to storing that data, at scale, no technology rivals the cost-efficiency and reliability of HDDs. With our rich portfolio of storage products, WD is uniquely positioned to meet our customers’ mass storage needs.”