Follow-Up: Western Digital Fiscal Q1 Revenue Rises 55% to $4.381 Billion; Non-GAAP EPS $4.64 Beats Estimates; Q2 Guidance Set at $5.1 Billion
SAN JOSE, Calif. — Western Digital Corporation (Nasdaq: WDC) on October 22 reported fiscal first quarter 2027 results for the period ended October 2, 2026. According to the company's official earnings release issued via Business Wire, revenue was $4,381 million, up 55% year over year and 17% sequentially; GAAP gross margin was 57.8% and non-GAAP gross margin 58.1%; GAAP operating income was $2,046 million, up 158%; GAAP net income attributable to common shareholders was $1,779 million, or $4.63 per diluted share, up 51%; and non-GAAP diluted EPS was $4.64, up 161%. The results came in above the market expectations cited in GSM's earlier preview, of about $4.10 in EPS on roughly $4.15 billion in revenue.
"Fiscal 2027 is off to a strong start, with results exceeding expectations, driven by robust customer demand and disciplined execution," said Irving Tan, CEO of WD. Reflecting confidence in the business and a commitment to return capital to shareholders, the company is raising its quarterly cash dividend by 17% to $0.175 per share, payable on December 17, 2026, to stockholders of record as of the close of business on December 4, 2026.
The release's financial statements show net cash provided by operating activities of $1,604 million for the quarter and free cash flow of $1.38 billion; the cash-flow statement also shows $1,001 million spent on repurchases of common stock during the quarter.
Chief Financial Officer Kris Sennesael guided fiscal second quarter 2027 revenue to $5.1 billion at the midpoint of the range, with non-GAAP gross margin of 60.5% and non-GAAP EPS of $5.80. The full guidance ranges are revenue of $5.1 billion plus or minus $100 million, non-GAAP gross margin of 60% to 61%, non-GAAP EPS of $5.80 plus or minus $0.20, operating expenses of $400 million to $410 million, a tax rate of about 17%, and diluted weighted average shares of about 380 million. Western Digital describes itself as building the storage infrastructure for the SI-driven data economy, partnering with the world's leading hyperscalers, cloud service providers and enterprises.
Published by GSM · USA (original Chinese edition)
Photo: 图：一块西部数据硬盘的内部碟片（资料图）。照片：Jarek Tuszyński，CC BY 4.0，经Wikimedia Commons。Inside a Western Digital hard disk drive (file photo). Photo: Jarek Tuszyński, CC BY 4.0, via Wikimedia Commons.
- 2026-10-22Western Digital to Report Fiscal First-Quarter Results After the Close on October 22: Consensus EPS of $4.10
- 2026-10-22Follow-Up: Western Digital Fiscal Q1 Revenue Rises 55% to $4.381 Billion; Non-GAAP EPS $4.64 Beats Estimates; Q2 Guidance Set at $5.1 BillionThis story
