Western Digital sold out of storage capacity for all of 2026 due to AI demand

Western Digital CEO Irving Tan confirmed the company is "pretty much sold out for calendar 2026" with more than 10 months remaining. Most capacity has been allocated to its top seven customers, with three already locking in deals for 2027 and 2028. Consumer hard drive prices are expected to rise as AI companies monopolize production capacity.

View full digest for February 17, 2026