WDC · Technology
WESTERN DIGITAL CORP
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
News · 2026-08-08
- Strategic Business SeparationImportance 58 · Surprise 42Western Digital is operating as a pure-play HDD storage provider following the separation of its Flash and HDD businesses. The separation leaves cloud customers as the company’s primary strategic demand channel, with…
- Revenue Concentration RiskImportance 50 · Surprise 24Cloud customers represented 89% of Western Digital’s revenue according to third-party reporting. The concentration reflects the company’s exposure to hyperscale and AI data-center storage demand. Long-term customer…
News · 2026-08-07
- Revenue Performance and MixImportance 58 · Surprise 56Western Digital reported fiscal fourth-quarter revenue of $3.75 billion, up 44% year over year, and fiscal-year 2026 revenue of $12.9 billion, up 36%. Growth was driven by strong demand for high-capacity hard disk…
- HDD Technology CompetitionImportance 58 · Surprise 42Western Digital is now positioned as a pure-play HDD provider following the Sandisk flash-business separation. Reports identify emerging low-bit AI architectures and continued SSD adoption as potential technological…
- Liquidity and Debt PositionImportance 52 · Surprise 42Western Digital’s balance sheet was reported to have become net-cash positive for the first time in recent history. The change followed significant deleveraging during fiscal 2026. Improved liquidity was accompanied by…
News · 2026-08-06
- Guidance and OutlookImportance 69 · Surprise 60Western Digital forecast fiscal first-quarter 2027 revenue of approximately $4.1 billion and adjusted EPS of about $4.00. The revenue outlook was slightly above Wall Street expectations, while the gross-margin outlook…
- Revenue Performance and MixImportance 58 · Surprise 56Western Digital reported fiscal fourth-quarter revenue of $3.75 billion, up 44% year over year, and fiscal-year 2026 revenue of $12.9 billion, up 36%. Growth was driven by strong demand for high-capacity hard disk…
- AI Storage Contract VisibilityImportance 58 · Surprise 42Western Digital is negotiating AI storage agreements with infrastructure customers extending as far as 2031. Hyperscalers are reportedly seeking to secure storage capacity up to five years in advance, indicating…
- HDD Pricing and SupplyImportance 58 · Surprise 42Western Digital is experiencing favorable pricing for high-capacity HDDs amid persistent storage supply-demand imbalances. Reports state that pricing accelerated while 2026 capacity was sold out, and that long-term…
- Net Income and EPS PerformanceImportance 57 · Surprise 64Fiscal-fourth-quarter adjusted EPS was $3.56, compared with $1.66 a year earlier, representing growth of more than 100%. Another third-party report described adjusted EPS as $3.56 versus $1.70 a year earlier, while…
- AI Infrastructure DemandImportance 52 · Surprise 42Western Digital is benefiting from strong AI-driven demand for high-capacity hard disk drives used in data centers and cloud storage. Reports describe 2026 capacity as sold out, with persistent supply-demand imbalances…
- Revenue Concentration RiskImportance 50 · Surprise 24Cloud customers represented 89% of Western Digital’s revenue according to third-party reporting. The concentration reflects the company’s exposure to hyperscale and AI data-center storage demand. Long-term customer…
- Gross Margin DriversImportance 42 · Surprise 40Fiscal-fourth-quarter gross margin expanded to 54.4%, exceeding company guidance. Fiscal-year 2026 gross margin increased by 970 basis points, while another report described the expansion as 1,310 basis points. Margin…
- Capital Return ProgramImportance 34 · Surprise 42Western Digital was reported to have increased buybacks as part of a robust capital-return program after deleveraging. The company was described as net-cash positive following debt reduction and share repurchases.…
8-K · 2026-08-05
- Guidance and OutlookImportance 95 · Surprise 92Western Digital expects fiscal first-quarter 2027 revenue of approximately $4.1 billion, with a range of $4.0 billion to $4.2 billion, representing 42% to 49% year-over-year growth. Management projects non-GAAP gross…
- Liquidity and Debt PositionImportance 89 · Surprise 82Cash and cash equivalents declined to $1,579 million at July 3, 2026 from $2,114 million at June 27, 2025. Current portion of long-term debt decreased to $1,052 million from $2,226 million, while long-term debt fell to…
- Income Tax Rate ChangesImportance 79 · Surprise 64Q4FY26 GAAP income tax expense was $52 million, compared with a $95 million expense in Q4FY25, despite income before taxes increasing to $3,247 million from $347 million. Fiscal 2026 GAAP income tax expense was $481…
- Acquisition / Partnership / DivestitureImportance 71 · Surprise 60WD completed the separation of its Flash business into Sandisk Corporation on February 21, 2025, and no longer consolidates Sandisk after that date. WD retained an interest in Sandisk and recorded a $6,498 million…
- Acquisitions and DivestituresImportance 71 · Surprise 60Western Digital completed the separation of its Flash business into Sandisk Corporation on February 21, 2025. Sandisk’s post-separation financial and operating results are no longer consolidated in WD’s results, while…
- Litigation and Legal RiskImportance 71 · Surprise 82Western Digital disclosed that prior-period expenses related to a patent litigation judgment included damages, interest, estimated plaintiff legal costs, and other charges. A portion of those expenses was reversed…
- Market Demand TrendsImportance 70 · Surprise 56Western Digital reported Q4FY26 revenue of $3.747 billion, up 44% year over year, and fiscal-year revenue of $12.919 billion, up 36%, indicating materially stronger storage demand. Management described demand as…
- Capital Return ProgramImportance 69 · Surprise 64WD repurchased $672 million of common stock in Q4FY26 and $2,592 million during fiscal 2026, compared with $149 million in fiscal 2025. The company paid $54 million of dividends in Q4FY26 and $184 million for fiscal…
- Operating Income and MarginsImportance 62 · Surprise 46Q4FY26 GAAP operating income rose 130% year over year to $1,563 million from $680 million and increased 31% sequentially from $1,190 million. GAAP operating margin expanded to 41.7% from 26.1% a year earlier and 35.7%…
- Operating Cash Flow TrendsImportance 62 · Surprise 46Q4FY26 cash flow from operating activities was $1,389 million, compared with $746 million in Q4FY25. Fiscal 2026 operating cash flow increased to $3,929 million from $1,691 million in fiscal 2025. Fiscal 2026 free cash…
- Revenue Performance and MixImportance 57 · Surprise 38Q4FY26 revenue was $3,747 million, up 44% year over year from $2,605 million and up 12% sequentially from $3,337 million. Fiscal 2026 revenue reached $12,919 million, up 36% from $9,520 million in fiscal 2025. WD…
- Gross Margin DriversImportance 57 · Surprise 38Q4FY26 GAAP gross margin increased to 54.1% from 41.0% a year earlier and 50.2% in Q3FY26, expanding 1,310 basis points year over year and 390 basis points sequentially. Fiscal 2026 GAAP gross margin was 48.9%, up…
- Operating Expense TrendsImportance 52 · Surprise 30Q4FY26 GAAP operating expenses increased to $465 million from $387 million a year earlier, while non-GAAP operating expenses rose to $382 million from $345 million. Fiscal 2026 research and development expense…
- Capital ExpendituresImportance 26 · Surprise 14WD spent $108 million on property, plant and equipment in Q4FY26, up from $71 million in Q4FY25. Fiscal 2026 capital expenditures totaled $418 million, compared with $407 million in fiscal 2025. Q4FY26 free cash flow…
News · 2026-08-05
- Guidance and OutlookImportance 69 · Surprise 60Western Digital forecast fiscal first-quarter 2027 revenue of approximately $4.1 billion and adjusted EPS of about $4.00. The revenue outlook was slightly above Wall Street expectations, while the gross-margin outlook…
- Revenue Performance and MixImportance 58 · Surprise 56Western Digital reported fiscal fourth-quarter revenue of $3.75 billion, up 44% year over year, and fiscal-year 2026 revenue of $12.9 billion, up 36%. Growth was driven by strong demand for high-capacity hard disk…
- Net Income and EPS PerformanceImportance 57 · Surprise 64Fiscal-fourth-quarter adjusted EPS was $3.56, compared with $1.66 a year earlier, representing growth of more than 100%. Another third-party report described adjusted EPS as $3.56 versus $1.70 a year earlier, while…
- Liquidity and Debt PositionImportance 52 · Surprise 42Western Digital’s balance sheet was reported to have become net-cash positive for the first time in recent history. The change followed significant deleveraging during fiscal 2026. Improved liquidity was accompanied by…
- AI Infrastructure DemandImportance 52 · Surprise 42Western Digital is benefiting from strong AI-driven demand for high-capacity hard disk drives used in data centers and cloud storage. Reports describe 2026 capacity as sold out, with persistent supply-demand imbalances…
News · 2026-08-04
- Revenue Performance and MixImportance 58 · Surprise 56Western Digital reported fiscal fourth-quarter revenue of $3.75 billion, up 44% year over year, and fiscal-year 2026 revenue of $12.9 billion, up 36%. Growth was driven by strong demand for high-capacity hard disk…
- Strategic Business SeparationImportance 58 · Surprise 42Western Digital is operating as a pure-play HDD storage provider following the separation of its Flash and HDD businesses. The separation leaves cloud customers as the company’s primary strategic demand channel, with…
- Revenue Concentration RiskImportance 50 · Surprise 24Cloud customers represented 89% of Western Digital’s revenue according to third-party reporting. The concentration reflects the company’s exposure to hyperscale and AI data-center storage demand. Long-term customer…