8/103 sources · 2 publishersUpdated Oct 28, 08:56 UTC
Western Digital posts strong Q1 fiscal 2027 results and raises dividend
Western Digital reported fiscal Q1 2027 revenue of $4.4 billion, earnings per share of $4.64 and free cash flow of $1.4 billion. Management forecast fiscal Q2 revenue of about $5.1 billion (±$100 million) and a gross margin of 60‑61%. The board also increased the quarterly dividend by 17%. The results lifted the stock briefly before it settled lower after the earnings release.
Why it matters
The company says the higher revenue and margin outlook, together with a larger dividend, reflect confidence in AI‑driven storage demand. Analysts note that the guidance could support the share price despite recent volatility.
Key facts
- 1Fiscal Q1 2027 revenue was $4.4 billion. theglobeandmail.com
- 2Fiscal Q1 2027 earnings per share were $4.64. theglobeandmail.com
- 3Fiscal Q1 2027 free cash flow totaled $1.4 billion. theglobeandmail.com
- 4Fiscal Q2 2027 revenue is forecast at $5.1 billion, plus or minus $100 million. theglobeandmail.com
- 5Fiscal Q2 2027 gross margin is projected to be 60‑61%. theglobeandmail.com
- 6The quarterly dividend was raised by 17%. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.