Guidance for the second quarter projects revenue between $5.0 billion and $5.2 billion and adjusted EPS from $5.60 to $6.00, both above the expected $4.57 billion and $4.78 respectively. Management attributed the performance to robust customer demand and disciplined execution. As part of its capital return program, Western Digital repurchased $1.0 billion of common stock and increased its quarterly cash dividend by 17% to $0.175 per share.
Friday, October 23, 2026
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Western Digital Lifts Q2 Revenue Guidance to $5.2B Following 161% EPS Jump
Earnings12 hours ago
The company's revenue for the first quarter of fiscal 2027 reached $4.38 billion on a 55% year over year increase, surpassing the $4.13 billion forecast. Western Digital reported adjusted earnings per share of $4.64 against a $4.07 estimate, while adjusted gross margin rose 1,420 basis points to 58.1%. Adjusted operating income came in at $2.15 billion, beating expectations of $1.9 billion, though free cash flow of $1.38 billion fell short of the $1.54 billion analyst target.
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