HeadlinesBriefing favicon HeadlinesBriefing.com

WD Reports Strong FY2026 Results, Q4 Revenue Up 44%

TechPowerUp News •
×

Western Digital Corporation (WDC) announced strong financial results for its fiscal fourth quarter and full fiscal year 2026, ending July 3, 2026. CEO Irving Tan highlighted a 44% year-over-year revenue increase in the fourth quarter, along with expanded margins and more than doubled earnings per share. He expressed confidence in continued demand and WD's position to capitalize on data growth.

CFO Kris Sennesael echoed this optimism, noting fiscal 2026 was "outstanding" due to broadening demand and disciplined execution. Looking ahead to the fiscal first quarter of 2027, WD anticipates $4.1 billion in revenue, a non-GAAP gross margin of 55.5%, and a non-GAAP EPS of $4.00.

The company's Board of Directors also declared a cash dividend of $0.15 per share, payable on September 17, 2026, to shareholders of record on September 8, 2026.