Western Digital and Bloom Energy shares tumble in after‑hours despite earnings beats
Western Digital reported fiscal Q1 adjusted earnings of $4.64 per share on $4.38 billion revenue and raised its fiscal Q2 guidance to $5.0‑$5.2 billion revenue and $5.60‑$6.00 EPS. Bloom Energy posted Q3 adjusted earnings of $0.94 per share on $1.24 billion revenue and lifted its full‑year outlook to $4.4‑$4.6 billion revenue and $3.10‑$3.40 EPS. Both stocks fell sharply in after‑hours trading as investors took profits and expressed concerns about the sustainability of AI‑driven demand.
Why it matters
The sell‑off shows that investors are wary of high valuations and potential slowdown in AI infrastructure spending, despite the companies beating estimates. The price declines may affect short‑term trading strategies and could pressure the stocks if concerns persist.
Key facts
- 1Western Digital posted adjusted EPS of $4.64 per share, $0.56 above consensus. investing.com
- 2Western Digital revenue was $4.38 billion, beating the $4.14 billion estimate. cnbc.com
- 3Western Digital guidance for fiscal Q2 revenue is $5.0‑$5.2 billion and EPS $5.60‑$6.00. investing.com
- 4Bloom Energy reported adjusted EPS of $0.94 per share, $0.27 above expectations. tipranks.com
- 5Bloom Energy revenue was $1.24 billion, up 138.9% year‑over‑year. tipranks.com
- 6Bloom Energy full‑year revenue outlook is $4.4‑$4.6 billion and EPS $3.10‑$3.40. investing.com
Open questions
- After‑hours price decline for Western Digital reported as 3%, 6%, and 4%.
- After‑hours price decline for Bloom Energy reported as 5%, 5%, and 4%.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.