Western Digital Corporation: Beat — EPS $4.64, Revenue $4.38B
Earnings BeatQ1 2027 · After-market
Did Western Digital Corporation (WDC) beat earnings today?
Yes, Western Digital Corporation (WDC) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+13.17% surprise
$4.64Actual
Expected: $4.10
vs. year ago +161.0%
Total Revenue+5.57% surprise
$4.38BActual
Expected: $4.15B
vs. year ago +55.0%
Released Oct 22 · 4:01 PM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $4.38B | $2.82B | +55.0% |
| Net Income | $1.78B | $1.18B | +50.5% |
| GAAP Basic EPS | $4.86 | $3.34 | +45.5% |
| GAAP Diluted EPS | $4.63 | $3.07 | +51.0% |
| Non-GAAP Diluted EPS | $4.64 | $1.78 | +161.0% |
Financial Outlook / Guidance
| Metric | Q2 FY27 Outlook | Full Year Outlook |
|---|---|---|
| Revenue | $5.1B +/- $100M | — |
| Gross margin | 60% - 61% | — |
| Operating expenses | $400M - $410M | — |
| Interest and other expense, net | ~ $15M | — |
| Diluted net income per common share | $5.80 +/- $0.20 | — |
| Diluted weighted average shares | ~ 380M | — |
Business Highlights
- ➤Raised the quarterly cash dividend 17% to $0.175 per share.
- ➤Board declared the $0.175 per-share dividend payable December 17, 2026.
- ➤Repurchased $1,001M of common stock during the quarter.
- ➤Executing technology transitions to address growing storage demand.
- ➤Deepening customer relationships and broadening the customer base into new market areas.
- ➤Extended visibility into future demand.
- ➤Partners with hyperscalers, cloud service providers and enterprises on storage solutions.
Management Commentary
Irving Tan, CEO of WD
“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.”
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.”
Kris Sennesael, CFO of WD
“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. 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.”