WDC: Cloud-led growth lifted Q1FY27 revenue 55% YoY; Q2 non-GAAP EPS guidance is $5.80

Western Digital (WDC) reported Q1 FY2027 revenue growth of 55% year-over-year, exceeding expectations. The company expects Q2 FY2027 revenue of $5.1B +/-$100M with a gross margin of 60%-61%.

Western Digital reported fiscal Q1 earnings of $1.78B ($4.63/share), up from $1.15B a year earlier, with revenue at $4.38B, beating estimates. The company cited a 28% rise in average selling price per terabyte and demand visibility to 2030-2031. Shares fell 5-6% after hours, despite guidance above forecasts and a 17% dividend increase.

Western Digital (WDC) reported fiscal Q1 earnings of $4.64 per share, beating estimates, with revenue up 55% YoY to $4.38B. Guidance was strong, but shares fell 5% after hours due to broader AI sector selloff. CEO Irving Tan dismissed concerns about Toshiba's increased production capacity.

Western Digital (WDC) reported Q1 earnings with a 58.1% gross margin and $2.2B operating income. The company expects revenue growth to 69% YoY in Q2, with plans to launch HAMR drives in 2027. Management highlighted margin expansion drivers and a 17% dividend increase.

Western Digital reported Q1 2027 revenue of $4.4B, up 55% YoY, with EPS at $4.64, up 161%. The company guided Q2 revenue to $5.1B, up 69%, driven by AI storage demand. Gross margin expanded to 58.1%, and the dividend was raised by 17%. Management highlighted strong demand visibility and pricing power, despite input cost inflation.

Western Digital Corporation reported Q1 2027 revenue up 55% YoY and EPS up 161%, with a 58.1% gross margin and $1.4B in free cash flow. The company attributed this growth to strong pricing and product capacity increases, leading to an improved Q2 outlook and accelerating exabyte growth.