Western Digital is already sold out of hard drives for all of 2026 — chief says some long-term agreements for 2027 and 2028 already in place

Western Digital's CEO announced that the company has already sold out of hard drives for 2026, with long-term agreements in place for 2027 and 2028. The focus on enterprise clients due to revenue distribution from the Cloud business has led to shortages for consumer hard drives, impacting enthusiasts and consumers. The surge in hard drive prices, up by 46% since September 2025, is attributed to the AI infrastructure buildout. As the AI race continues, shortages are expanding beyond memory and storage chips to GPUs and hard drives, potentially affecting other tech components in the future.