(PR) WD Reports Fiscal First Quarter 2027 Financial Results
What happened
Western Digital Corporation (Nasdaq: WDC) reported fiscal first quarter 2027 financial results for the period ended October 2, 2026. CEO Irving Tan said fiscal 2027 is off to a strong start, with results exceeding expectations, driven by robust customer demand and disciplined execution. In the fiscal first quarter, revenue grew 55% year over year; non-GAAP gross and operating margins expanded to 58.1% and 49.1%, respectively; and non-GAAP EPS increased 161% year over year. The company is raising its quarterly cash dividend by 17% to $0.175 per share, which it says reflects its confidence in the business and its commitment to return capital to shareholders. WD stated it is executing through technology transitions to meet growing demand for storage.
Impact and signal
Affected components and suppliers
Source and time
Source: TechPowerUp · 10/22/2026 · View original source
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