Western Digital Posts Strong Q3: Revenue Jumps 45% to $3.34B, GAAP EPS $8.20, Dividend Raised 20%
WDC has more than doubled off its 52-week low of $41.83.
Summary
Western Digital reported robust Q3 FY2026 financial results, with revenue climbing 45% year-over-year to $3.34 billion and GAAP diluted EPS reaching $8.20. The company also announced a 20% increase in its quarterly cash dividend to $0.15 per share, signaling strong financial health and management confidence. This performance builds on the positive momentum from Q2 2026, driven by persistent demand for storage solutions, particularly from AI workloads. The company provided optimistic Q4 FY2026 guidance, projecting revenue of $3.65 billion and non-GAAP diluted EPS of approximately $3.25. This highly material news is expected to positively impact the stock, as it demonstrates significant growth and shareholder returns. Traders will be watching for continued execution against the strong Q4 guidance and sustained demand in the AI-driven storage market.
At the time of this announcement, WDC was trading at $414.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $147.3B. The 52-week trading range was $41.83 to $441.99. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.