Western Digital Corporation reported fiscal first quarter 2027 financial results for the period ended October 2, 2026. CEO Irving Tan stated that the quarter exceeded expectations, driven by robust demand and disciplined execution. Revenue grew 55% year over year, with non-GAAP gross and operating margins expanding to 58.1% and 49.1%, respectively. Non-GAAP EPS increased by 161% year over year. The company raised its quarterly cash dividend by 17% to $0.175 per share. WD is executing technology transitions to meet growing storage demand and building a durable foundation for long-term value creation.
CFO Kris Sennesael highlighted robust exabyte growth and improved pricing. For fiscal second quarter 2027, WD expects revenue of $5.1 billion, non-GAAP gross margin of 60.5%, and non-GAAP EPS of $5.80. The board declared a cash dividend of $0.175 per share, payable on December 17, 2026, to stockholders of record as of December 4, 2026.
Source: TechPowerUp News · Summarized by HeadlinesBriefing