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Inferra AI / Company / WDC

Western Digital

WDC · Information Technology

Last earnings Oct 22, 2026

Key results

Revenuequarter

$2.82 billion

Revenue of $2.82 billion, up 27% year over year

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Growthquarter

up 27%

Revenue of $2.82 billion, up 27% year over year

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

GAAP EPSquarter

$3.07

GAAP diluted EPS of $3.07 and non-GAAP

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

EPSquarter

$1.78

diluted EPS of $1.78 Cash flow from operations of $672 million

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Gross marginquarter

$1,227 million

Gross profit 1,227 806

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Research and developmentquarter

$294 million

Research and development 294 262

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Operating expensesquarter

$435 million

Total operating expenses 435 472

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Operating incomequarter

$792 million

Operating income 792 334

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

AI analysis

Q1 2026 · reported Oct 30, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q1 2026
$2.82B
EX-99 · Oct 30, 2025
GAAP EPS · Q1 2026
$3.07
EX-99 · Oct 30, 2025
Operating income · Q1 2026
$792M
EX-99 · Oct 30, 2025
EPS · Q1 2026
$1.78
EX-99 · Oct 30, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Oct 30, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ1 2026Prior qtrYear ago
Revenue$2.82 billion——
Growthup 27%——
GAAP EPS$3.07——
EPS$1.78——
Gross margin$1,227 million——
Research and development$294 million——
Operating expenses$435 million——
Operating income$792 million——

EX-99 · Oct 30, 2025

Guidance · company-stated

revenues$2.9 billion
gross margin

“of 44.5%”

non-GAAP EPS

“of $1.88”

Revenue

“$2.9”

Operating expenses

“$365”

Tax rate

“17%”

net income

“per common share $1.88”

Midpoint vs latest-quarter revenue+2.8%computed from stated figures

Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin$1,227M

Capital allocation

Dividend25%

Reflecting confidence in the company s strong business momentum, the Board of Directors has increased the quarterly cash dividend on the company s common stock by 25% to $0.125 per share.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue +2.8% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Western Digital Q1 2026 — Revenue of $2.82 billion, up 27% year over year

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

revenues: “revenues of $2.9 billion”

gross margin: “gross margin of 44.5%”

non-GAAP EPS: “non-GAAP EPS of $1.88”

Revenue: “Revenue $2.9”

Operating expenses: “Operating expenses $365”

Tax rate: “Tax rate 17%”

net income: “net income per common share $1.88”

revenues (“Business Outlook”)
“revenues of $2.9 billion”

gross margin (“Business Outlook”)
“gross margin of 44.5%”

non-GAAP EPS (“Business Outlook”)
“non-GAAP EPS of $1.88”

Revenue (“Business Outlook”)
“Revenue $2.9”

Operating expenses (“Business Outlook”)
“Operating expenses $365”

Tax rate (“Business Outlook”)
“Tax rate 17%”

net income (“Business Outlook”)
“net income per common share $1.88”

Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.

Capital allocation

Reflecting confidence in the company s strong business momentum, the Board of Directors has increased the quarterly cash dividend on the company s common stock by 25% to $0.125 per share.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Dividend Western Digital s Board of Directors declared a cash dividend of $0.125 per share of the company s common stock, which will be paid on December 18, 2025 to stockholders of record as of the close of business on December 4, 2025.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

As discussed further below, these non-GAAP measures exclude, as applicable, stock-based compensation expense charges related to a litigation matter business realignment charges loss (gain) on retained interest in Sandisk loss on extinguishment of debt other adjustments and income tax adjustments.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Loss on extinguishment of debt.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

In connection with the company s liquidation of a portion of its retained interest in Sandisk following the separation, the company recognized a loss in the exchange of that portion of the Sandisk shares to settle a portion of the company s outstanding debt.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The company considers free cash flow generated in any period to be a useful indicator of cash that is available for strategic opportunities including, among others, investing in the company s business, making strategic acquisitions, returning capital to investors, repaying debt and strengthening the balance sheet.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Strategy & priorities

The company considers free cash flow generated in any period to be a useful indicator of cash that is available for strategic opportunities including, among others, investing in the company s business, making strategic acquisitions, returning capital to investors, repaying debt and strengthening the balance sheet.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

(2) Other segment items include activity from strategic investments and other small charges.

SEC original ↗Western Digital — 10-Q Quarterly report10-QOct 23, 2026

Risks & headwinds

These forward-looking statements are based on management s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

As discussed further below, these non-GAAP measures exclude, as applicable, stock-based compensation expense charges related to a litigation matter business realignment charges loss (gain) on retained interest in Sandisk loss on extinguishment of debt other adjustments and income tax adjustments.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The company had recognized expenses related to a previous judgment in a patent litigation matter, which consisted of an award of damages, prejudgment interest, and estimated plaintiff legal costs.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

The company had also recognized post-judgment interest in interest and other expense, net as well as expenses in its cost of revenue related to the amortization of patent licenses that the company has capitalized related to this litigation matter.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

For further information regarding the litigation matter, see Note 17 to the notes to consolidated financial statements included in the company s Annual Report on Form 10-K, filed with the SEC on August 14, 2025, as well as Note 14 to the notes to consolidated financial statements included in the company s Quarterly Report on Form 10-Q for the quarter ended October 3, 2025, when filed.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

These additional adjustments may include unanticipated changes in our GAAP effective tax rate, unanticipated charges related to business realignment, unanticipated litigation matters, mark-to-market gains or losses on our retained shares of Sandisk, and other unanticipated gains, losses, and impairments, and other unanticipated items not reflective of ongoing operations.

SEC original ↗Western Digital — Earnings release (8-K exhibit)EX-99Oct 30, 2025

Documents

Earnings deck slides

0 decks with slide view

Western Digital — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Western Digital — FY 2026 Q4 Presentation (Fiscal Q4 2026) — Slide view unavailable — the original PDF could not be retrieved for segmentation (HTTP Error 403: Forbidden).

Competitors

Competitors & peers

Named in the company’s own filings

Seagate Technology (STX)“Our competitors include HDD competitors such as Seagate Technology Holdings plc, and Toshiba Electronic Devices & Storage Corporation along with NAND flash suppliers that provide and enable alternative storage technologies, as well as storage systems and solutions providers.”

Filings

65 documents

Earnings releases

23 documents

Presentations

2 documents

Transcripts

0 documents

No transcripts for Western Digital are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention Western Digital by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.