Western Digital Corporation reported financial results for the fiscal first quarter of 2027, which ended on October 2, 2026. The company announced revenue of $4.38 billion for the quarter, representing a 55% increase compared to the same period in the prior year.
GAAP gross margin for the quarter was 57.8%, while non-GAAP gross margin was 58.1%. Operating income was $2.05 billion, with a GAAP operating margin of 46.7% and a non-GAAP operating margin of 49.1%. Diluted earnings per share (EPS) were $4.63 on a GAAP basis and $4.64 on a non-GAAP basis.
Western Digital reported cash flow from operations of $1.60 billion and free cash flow of $1.38 billion. The company declared a quarterly cash dividend of $0.175 per share, an increase of 17% from the previous rate. This dividend is scheduled to be paid on December 17, 2026, to shareholders of record as of the close of business on December 4, 2026.
For the fiscal second quarter of 2027, the company provided the following guidance: revenue between $5.0 billion and $5.2 billion, non-GAAP gross margin between 60% and 61%, and non-GAAP diluted EPS between $5.60 and $6.00.
