Western Digital reported revenue of $4,381 million, gross profit of $2,534 million, net income of $1,779 million and operating cash flow of $1,604 million for the three months ended October 2, 2026.
WDC · Western Digital Corp
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Western Digital reported revenue of $4.4 billion, up 55% year-over-year, EPS of $4.64, and $1.4 billion in free cash flow. The Board approved a 17% increase in the quarterly cash dividend to $0.175 per share.
Western Digital reported fiscal first quarter 2027 revenue of $4.38 billion, up 55% year-over-year, and free cash flow of $1.38 billion. Q2 revenue is expected to be up 66% to 72%, and the dividend was raised 17% to $0.175 per share.
Western Digital Corporation’s November 20, 2026 virtual annual meeting will vote on nine director nominees, executive compensation and KPMG LLP for fiscal 2027, with the Board recommending FOR all three proposals.
Western Digital develops HDD-based data storage solutions. For the fiscal year ended July 3, 2026, Cloud represented 89% of net revenue, the top 10 customers represented 73%, and three customers each represented 10% or more.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Research
our published analysis of this company-
Scientific ResearchWho Talks About Neoclouds on Earnings Calls? Evidence From 36,283 Calls
No US-listed company said “neocloud” on an earnings call in 2024; 64 did from July to September 2026. The word belongs to the chip, network, storage and data center suppliers that sell to these AI clouds, and in October it reached bank and asset manager calls as a credit question.
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Research ThesisSuper Micro Computer's 15–17% margin guide against a 10.1% recent print makes the bear trade the heavier one
The $60B FQ4 backlog is the cleanest demand signal in AI servers, but the lifted 15–17% gross-margin guide against a 10.1% Q3 FY2026 print, an active export-control board review, and 16.2% short interest leave the bear case as the heavier of the two trades heading into the August 11 print.
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Research ThesisSandisk's $42 billion contract floor has bought the bull case three times trailing revenue; the bear trades it for the multiple
Sandisk re-rated on one quarter of contracted datacenter revenue: three fiscal Q3 contracts carry roughly $42 billion of minimum contractual revenue, five multi-year deals are backed by over $11 billion of guarantees, and the stock still sits 45.3% off its $2,335 52-week high at 14.1× EV/Revenue, the cheapest of the three storage names on that multiple.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| average selling price per exabyte | 70% | the three months ended October 2, 2026 filing | — |
| capital expenditures | $227M | the three months ended October 2, 2026 filing | — |
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| decrease in exabytes shipped | 30% | three months ended October 2, 2026 filing | — |
| increase in exabytes shipped | 15% | three months ended October 2, 2026 filing | — |
| top 10 customers | 64% | the three months ended October 2, 2026 filing | — |
| Total Number of Shares Purchased | 2.2M | quarter ended Oct. 2, 2026 filing | +0.0% |
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| Utilization | -26M | the three months ended October 2, 2026 filing | — |
| Free cash flow non-GAAP | 1.38B | Three Months Ended October 2, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Cash flows provided by operating activities $1.6B
-$227M Purchases of property, plant and equipment, net
= Free cash flow $1.38B
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| Non-GAAP gross margin non-GAAP | 58.1% | Three Months Ended October 2, 2026 | — |
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| Non-GAAP operating margin non-GAAP | 49.1% | Three Months Ended October 2, 2026 | — |
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| Purchases of property, plant and equipment, net | -227M | Three Months Ended October 2, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Computer Hardware — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WDC
this stock
Western Digital Corp
|
$110.67B | +71.6% | +35.7% | 11.4 | 5.2% |
|
ANET
Arista Networks, Inc.
|
$249.26B | +50.6% | +28.6% | 53.2 | 1.0% |
|
DELL
Dell Technologies Inc.
|
$219.06B | +173.7% | +18.8% | 20.0 | 1.6% |
|
SNDK
Sandisk Corp
|
$125.93B | +272.8% | +175.3% | 7.1 | 3.5% |
|
STX
Seagate Technology Holdings plc
|
$121.27B | +91.8% | -36.7% | 27.7 | 3.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 23, 2026
- This year
- 25
Western Digital reported revenue of $4,381 million, gross profit of $2,534 million, net income of $1,779 million and operating cash flow of $1,604 million for the three months ended October 2, 2026.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WDC | +12.1% | -11.0% | -43.7% | -19.3% | +71.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +9.5% | -9.8% | -44.2% | -19.1% | +61.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.