Earnings ·
Reports Q1FY27 revenue of $4.38B, up 55%, and raises quarterly dividend to $0.175 per share
WDCWestern Digital Corp
Western Digital reported fiscal first quarter 2027 results with revenue of $4.38 billion, a 55% increase year-over-year, driven by robust customer demand in the AI-driven data economy. GAAP diluted EPS reached $4.63, while non-GAAP diluted EPS rose 161% to $4.64. Gross margins expanded significantly, with non-GAAP gross margin reaching 58.1%. The company also raised its quarterly cash dividend by 17% to $0.175 per share, payable on December 17, 2026, to shareholders of record as of December 4, 2026. Looking ahead, Western Digital expects Q2FY27 revenue to grow 66% to 72% year-over-year, with a midpoint estimate of $5.1 billion and non-GAAP EPS of $5.80. The company builds storage infrastructure solutions for hyperscalers, cloud providers, and enterprises.