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WESTERN DIGITAL CORP 8-K Report, Financial Results (Oct 22, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 22, 2026
Period End
October 22, 2026
Security
WDC
In the record · 2016–202610-K1110-Q328-K198

WDC filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 198 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Material agreement8-K · May ’19May ’19
  3. Leadership change8-K · Jan ’22Jan ’22
  4. Leadership change8-K · Nov ’25Nov ’25

01—Abstract

Summary

Summary of the 8-K filed October 22, 2026. Cited figures are marked; the original filing is the authoritative source.

Western Digital Corporation (WDC) reported a strong first quarter of fiscal year 2027, with revenue surging 55% year-over-year to $4.38 billiona, significantly exceeding expectations.

This robust performance was driven by strong customer demand and effective execution, leading to substantial improvements in profitability. Non-GAAP gross margin reached 58.1% and non-GAAP EPS saw a 161% year-over-year increase, reaching $4.64b. The company also generated strong cash flow, with $1.38 billion in free cash flow.

Reflecting confidence in its business trajectory, WDC announced a 17% increase in its quarterly cash dividend to $0.175c per share. Looking ahead to the second quarter of fiscal 2027, WDC anticipates continued growth, with revenue expected to increase between 66% and 72% year-over-year.

The company is well-positioned to capitalize on the increasing demand for storage solutions, particularly in the AI-driven data economy. Management highlighted disciplined execution and strong customer relationships as key drivers for long-term value creation.

02—Key points

Key Highlights

  1. Revenue for Q1 FY2027 reached $4.38 billion, a significant 55% increase year-over-year.
  2. Non-GAAP gross margin improved substantially to 58.1%, up from 43.9% in the prior year's first quarter.
  3. Non-GAAP diluted EPS grew by 161% year-over-year to $4.64.
  4. Generated strong free cash flow of $1.38 billion in the quarter.
  5. The company announced a 17% increase in its quarterly cash dividend to $0.175 per share.
  6. Issued positive guidance for Q2 FY2027, expecting revenue to be up 66% to 72% year-over-year.
  7. Strong operational execution and customer demand were cited as key drivers for the quarter's performance.

03—Questions

Frequently Asked Questions

  1. What were the primary drivers of Western Digital's strong revenue growth in Q1 FY2027?

    The strong revenue growth of 55% year-over-year was primarily driven by robust customer demand and disciplined execution across the company's product lines. Improved pricing and exabyte growth also contributed significantly to the financial performance.

  2. How has the company's profitability improved compared to the previous year?

    Profitability saw a substantial improvement. Non-GAAP gross margin increased to 58.1% from 43.9% in the prior year's first quarter. Non-GAAP operating margin also expanded significantly to 49.1% from 30.4%. This translated into a 161% year-over-year increase in non-GAAP diluted EPS, reaching $4.64.

  3. What is the company's outlook for the next quarter (Q2 FY2027)?

    Western Digital provided a positive outlook for Q2 FY2027, expecting revenue to grow between 66% and 72% year-over-year. The company anticipates a non-GAAP gross margin of 60.5% and non-GAAP EPS of $5.80 at the midpoint of the guidance range.

  4. What is the significance of the increased cash dividend?

    The 17% increase in the quarterly cash dividend to $0.175 per share reflects management's confidence in the company's financial health, strong performance, and commitment to returning capital to shareholders. It signals a positive outlook on future cash generation and profitability.

04—Continue

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