Western Digital posts strong Q1 results and raises 2026 revenue outlook
Western Digital reported fiscal Q1 revenue of $4.38 billion, up 55.5% year‑over‑year, and non‑GAAP earnings per share of $4.64, beating estimates. The company said per‑terabyte selling prices rose 28% year‑over‑year and expects pricing growth to continue for the next three to four quarters. It guided second‑quarter revenue to $5.1 billion and non‑GAAP EPS to $5.80, while CFO Kris Sennesael said capex will run at 4%‑6% of revenue to fund HAMR production. Despite the beat, the stock fell about 2.9% in pre‑market trading.
Why it matters
The higher revenue and EPS beat suggest strong demand and pricing power, but the modest share decline indicates investor caution about future growth. The guidance of $5.1 billion revenue and $5.80 EPS sets a new performance target for the next quarter, which analysts will compare to consensus forecasts.
Key facts
- 1Fiscal Q1 revenue was $4.38 billion. investing.com
- 2Revenue grew 55.5% year‑over‑year. investing.com
- 3Non‑GAAP EPS for the quarter was $4.64. investing.com
- 4Per‑terabyte selling prices increased 28% year‑over‑year. finance.yahoo.com
- 5Capex is expected to be 4%‑6% of revenue over the next two years. finance.yahoo.com
- 6Guidance for Q2 revenue is $5.1 billion. gurufocus.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.