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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $4.64 (Est. $4.10) โ , +161% YoY.
โข Revenue: $4.38B (Est. $4.15B) โ , +55% YoY.
โข GAAP EPS: $4.63, +51% YoY.
โข Adj. Gross Margin: 58.1%, +1,420 bps YoY.
โข Adj. Operating Margin: 49.1%, +1,870 bps YoY.
โข Adj. Operating Income: $2.15B, +152% YoY.
โข Adj. Net Income: $1.78B, +172% YoY.
โข Operating Cash Flow: $1.60B.
โข Free Cash Flow: $1.38B.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q2 FY2027 Revenue: $5.0Bโ$5.2B, midpoint $5.10B (Est. $4.57B) โ .
โข Q2 FY2027 Adj. EPS: $5.60โ$6.00, midpoint $5.80 (Est. $4.82) โ .
โข Q2 FY2027 Adj. Gross Margin: 60%โ61%.
โข Q2 FY2027 Operating Expenses: $400Mโ$410M.
โข Q2 FY2027 Revenue Growth: +66%โ72% YoY.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q1 FY2027 Adj. EPS beat consensus by ~13.2%, while revenue exceeded estimates by ~5.6%.
โข Revenue surged 55% YoY and 17% QoQ, driven by robust exabyte demand and improved pricing.
โข Adjusted gross margin expanded 1,420 bps YoY to 58.1%, while operating margin jumped 1,870 bps to 49.1%.
โข Q2 revenue guidance midpoint exceeded consensus by ~11.6%, while EPS guidance was ~20.3% above expectations.
โข Western Digital generated $1.38B in quarterly free cash flow and repurchased ~$1.0B in shares.
โข Quarterly dividend increased 17% to $0.175 per share.
โข Management highlighted growing demand visibility, deeper customer relationships and continued technology transitions supporting long-term storage demand.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe are executing well through our technology transitions to meet the growing demand for storage.โ