Global Finance News
30 Oct 2025, 20:36
Western Digital Reports 27% Revenue Growth in Q1 FY2026, Raises Dividend
Western Digital (Nasdaq: WDC) posted fiscal Q1 2026 revenue of $2.82 billion, up 27% year-over-year, driven by strong demand for cloud-based data storage. The company reported GAAP EPS of $3.07 and non-GAAP EPS of $1.78, exceeding guidance expectations.
Operating cash flow reached $672 million, with free cash flow of $599 million, reflecting disciplined cost control and improved margins. For Q2 FY2026, revenue is projected to rise about 20% year-over-year at the midpoint.
CEO Irving Tan highlighted the accelerating role of AI in driving data creation and storage needs, emphasizing that innovation and operational efficiency are positioning Western Digital for continued growth. Reflecting confidence in business momentum, the Board raised the quarterly dividend by 25% to $0.125 per share.
Western Digital (Nasdaq: WDC) posted fiscal Q1 2026 revenue of $2.82 billion, up 27% year-over-year, driven by strong demand for cloud-based data storage. The company reported GAAP EPS of $3.07 and non-GAAP EPS of $1.78, exceeding guidance expectations.
Operating cash flow reached $672 million, with free cash flow of $599 million, reflecting disciplined cost control and improved margins. For Q2 FY2026, revenue is projected to rise about 20% year-over-year at the midpoint.
CEO Irving Tan highlighted the accelerating role of AI in driving data creation and storage needs, emphasizing that innovation and operational efficiency are positioning Western Digital for continued growth. Reflecting confidence in business momentum, the Board raised the quarterly dividend by 25% to $0.125 per share.