Western Digital Posts Q1 EPS of $4.63
WDC has more than doubled off its 52-week low of $117.23.
Summary
Western Digital reported first-quarter adjusted EPS of $4.64, with revenue of $4.38B, up 55% year over year, and net income of $1.78B. Cash flow from operations was $1.60B and free cash flow $1.38B, and the company raised its dividend 17%. That follows a blowout Q4 in August — revenue up 44% year over year to $3.75B and gross margin at 54.1% — that still sent shares down 19% because guidance disappointed a market priced for perfection. The stock sits at $353.81, well below the ~$420 level it traded at after that August report, and it took another 10% hit on October 2 when Nikkei reported Toshiba plans to double HDD capacity for AI data centers. With the bar already reset lower, this EPS print is the number that decides whether the de-rating stops or continues, and for the second quarter of fiscal 2027 the company guided revenue to $5.1B +/- $100M, up 66-72% year over year, with non-GAAP EPS of $5.80 +/- $0.20 and gross margin of 60-61%; the August reaction showed the market cares more about the forward outlook than the trailing beat.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Western Digital guided Q2 FY27 revenue to $5.1B +/- $100M, up 66-72% year over year, with non-GAAP EPS of $5.80 +/- $0.20 and gross margin of 60-61%.
At the time of this announcement, WDC was trading at $353.81 on NASDAQ in the Technology sector, with a market capitalization of approximately $132.4B. The 52-week trading range was $117.23 to $799.87. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.