Press release
Western Digital Reports Fiscal First Quarter 2026 Financial Results
Q1FY26 Highlights: Revenue of $2.82 billion, up 27% year over year GAAP diluted EPS of $3.07 and non-GAAP diluted EPS of $1.78 Cash flow from operations of
About this update from Western Digital Corporation
[{"type":"text","content":"\nQ1FY26 Highlights:\n\n\n\nRevenue of $2.82 billion, up 27% year over year\n\n\n\nGAAP diluted EPS of $3.07 and non-GAAP diluted EPS of $1.78\n\n\n\nCash flow from operations of $672 million; free cash flow of $599 million\n\n\n\nQ2FY26 revenue expected to be up 20% year over year at mid-point\n\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nWestern Digital Corp. (Nasdaq: WDC) today reported fiscal first quarter 2026 financial results for the period ended October 3, 2025.\n\n\n“Western Digital continues to execute well in a strong demand environment driven by growth of data storage in the cloud. In our fiscal first quarter, we achieved revenue and gross margin above the high end of our guidance range, while delivering strong free cash flow,” said Irving Tan, CEO of Western Digital. “As AI accelerates data creation, Western Digital’s continued innovation and operational discipline position us well to capture new opportunities and drive sustained shareholder value. Reflecting confidence in the company’s strong business momentum, the Board of Directors has increased the quarterly cash dividend on the company’s common stock by 25% to $0.125 per share.”\n\n\nQ1FY26 Financial Highlights\n\n\n\n\n($ in millions, except per share amounts)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nGAAP\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nQ1FY26\n\n\n\n\n\n\nQ4FY25\n\n\n\n\n\n\nQ1FY25\n\n\n\n\n\n\nQ/Q\n\n\n\n\n\n\nY/Y\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n$2,818\n\n\n\n\n\n\n$2,605\n\n\n\n\n\n\n$2,212\n\n\n\n\n\n\n+8%\n\n\n\n\n\n\n+27%\n\n\n\n\n\n\n\n\nGross Margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n43.5%\n\n\n\n\n\n\n41.0%\n\n\n\n\n\n\n36.4%\n\n\n\n\n\n\n+250 bps\n\n\n\n\n\n\n+710 bps\n\n\n\n\n\n\n\n\nOperating Income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$792\n\n\n\n\n\n\n$680\n\n\n\n\n\n\n$334\n\n\n\n\n\n\n+16%\n\n\n\n\n\n\n+137%\n\n\n\n\n\n\n\n\nOperating Margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n28.1%\n\n\n\n\n\n\n26.1%\n\n\n\n\n\n\n15.1%\n\n\n\n\n\n\n+200 bps\n\n\n\n\n\n\n+1300 bps\n\n\n\n\n\n\n\n\nDiluted Net Income Attributable to Common Shareholders\n\n\n\n\n\n\n \n\n\n\n\n\n\n$1,154\n\n\n\n\n\n\n$243\n\n\n\n\n\n\n$149\n\n\n\n\n\n\n+375%\n\n\n\n\n\n\n+674%\n\n\n\n\n\n\n\n\nDiluted Net Income Per Common Share\n\n\n\n\n\n\n \n\n\n\n\n\n\n$3.07\n\n\n\n\n\n\...