WD Reports Fiscal First Quarter 2027 Financial Results
Business Wire•22/10/2026•16:01 ET
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Key Highlights
- ➤Q1 revenue $4.381B, up 55% year-over-year
- ➤Q1 non-GAAP diluted EPS $4.64, up 161% year-over-year
- ➤Q2 revenue expected at $5.1B midpoint, up 66% year-over-year
- ➤Q2 non-GAAP EPS guided to $5.80 midpoint
- ➤Quarterly dividend raised 17% to $0.175 per share
Expert Statements
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.”
Irving Tan, CEO of WD
“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.”
Irving Tan, CEO of WD
“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.”
Irving Tan, CEO of WD
“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.”
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.”
Cash flow from operations of $1.60 billion; free cash flow of $1.38 billion
Western Digital Corporation (Nasdaq: WDC) today reported fiscal first quarter 2027 financial results for the period ended October 2, 2026.
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