WDC Slides Overnight Post-Earnings Despite Goldman’s Upside Call — CEO Sees Top Customers’ Storage Demand Into 2031

WDC reported Q1 2027 revenue of $4.4B, up 55% YoY, driven by strong demand for high-capacity data storage solutions. The company shipped 248 exabytes, up 22% YoY, and expects revenue to grow to $5.1B in Q2 2027. WDC is transitioning customers to higher capacity drives and plans to begin volume shipments of its HAMR technology in early 2027. The company also increased its quarterly dividend by 17%.

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 Q1 FY2027 revenue of $4.38B, up 55% YoY, beating estimates. Adjusted EPS was $4.64, up 161% YoY, surpassing expectations. Wedbush analyst noted strong demand and no supply chain issues, suggesting potential price hikes and increased shipments. SK Hynix, Seagate, and SanDisk are set to report earnings next week.

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.