Stock
Western Digital (WDC)
Western Digital makes hard-drive storage, mostly for cloud customers, and its fiscal Q1 2027 revenue rose 55% to $4.381B.
Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.
Researched and drafted with AI agents. Every figure is taken from a source cited on the page.
Analysis and information
What it does
Western Digital, which now calls itself WD, develops and makes data storage devices based on hard disk drive technology. It serves three end markets: Cloud, Client and Consumer. Cloud was $3.868B of its $4.381B revenue in the quarter to 2026-10-02, about 88%.
Role in the theme
In the Memory and storage theme, WD supplies hard-drive storage to hyperscalers, cloud service providers and enterprises, as Seagate does.
Latest
- 2026-10-23: The quarterly report shows Cloud revenue of $3.868B, up from $2.510B a year earlier.
- 2026-10-22: Fiscal Q1 2027 revenue was $4.381B, up 55% from a year earlier and 17% from the prior quarter. Non-GAAP gross margin was 58.1% and non-GAAP EPS was $4.64. Free cash flow was $1.38B.
- 2026-10-22: Guidance for fiscal Q2 is revenue of $5.1B, plus or minus $100M, non-GAAP gross margin of 60-61% and non-GAAP EPS of $5.80, plus or minus $0.20. The quarterly dividend rose 17% to $0.175 per share.
What to watch
- Exabytes and pricing. The CFO named exabyte growth and better pricing as the drivers of the quarter.
- Gross margin against the 60-61% guide for fiscal Q2.
- Convertible notes. WD is redeeming its remaining $109.5M of 3.00% notes due 2028 on 2026-11-16. Conversion is open until 2026-11-12.
- Next report: fiscal Q2 2027 results. The date is not announced (not confirmed).
Covered in
- Theme: Memory and storage
Sources
Primary means the publisher of the data or the filing; secondary means press or an aggregator.