WD Reports Fiscal First Quarter 2027 Financial Results

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WD Reports Fiscal First Quarter 2027 Financial Results

• Revenue of $4.38 billion, up 55% year-over-year

• GAAP gross margin of 57.8%; non-GAAP gross margin of 58.1%

• GAAP diluted EPS of $4.63; non-GAAP diluted EPS of $4.64

• Cash flow from operations of $1.60 billion; free cash flow of $1.38 billion

• Q2FY27 revenue expected to be up 66% to 72% year-over-year

SAN JOSE, Calif., October 22, 2026–(BUSINESS WIRE)–Western Digital Corporation (Nasdaq: WDC) today reported fiscal first quarter 2027 financial results for the period ended October 2, 2026.

“Fiscal 2027 is off to a strong start, with results exceeding expectations, driven by robust customer demand and disciplined execution. In our fiscal first quarter, revenue grew 55% year over year, non-GAAP gross and operating margins expanded to 58.1% and 49.1%, respectively, resulting in a 161% year-over-year increase in non-GAAP EPS. Reflecting our confidence in the business and our commitment to return capital to shareholders, we are raising our quarterly cash dividend by 17% to $0.175 per share,” said Irving Tan, CEO of WD. “We are executing well through our technology transitions to meet the growing demand for storage. As we deepen our customer relationships, broaden the customer base to new areas of the market, and extend our visibility into future demand, we are building an increasingly durable foundation for long-term value creation.”

Business Outlook for Fiscal Second Quarter of 2027

“Our first quarter results demonstrate the continued momentum in our business, with robust exabyte growth and improved pricing driving another quarter of strong financial performance,” said Kris Sennesael, CFO of WD. “Looking ahead, for our fiscal second quarter of 2027, at the midpoint of the ranges, we expect revenue of $5.1 billion, non-GAAP gross margin of 60.5%, and non-GAAP EPS of $5.80.”