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WD Reports Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results

WDC
  • Western Digital reported Q4 FY26 revenue of $3.75 billion, a 44% increase year-over-year.
  • GAAP diluted EPS was $8.21, while non-GAAP diluted EPS was $3.56.
  • GAAP gross margin reached 54.1% and non-GAAP gross margin was 54.4%.
  • Operating cash flow totaled $1.39 billion with free cash flow of $1.28 billion.
  • Full-year FY26 revenue was $12.919 billion, representing a 36% year-over-year growth.
  • Fiscal Year 2026 GAAP diluted EPS reached $24.28, a 446% increase from the prior year.
  • The company expects Q1 FY27 revenue to grow 42% to 49% year-over-year.
  • Q1 FY27 guidance includes a midpoint revenue of $4.1 billion, non-GAAP gross margin of 55.5%, and non-GAAP EPS of $4.00.
  • The Board declared a cash dividend of $0.15 per share, payable on September 17, 2026.
  • The company completed the separation of its Flash business into Sandisk Corporation in February 2025.
  • Total assets stood at $13.861 billion as of July 3, 2026.
  • Long-term debt was eliminated in the current period compared to $2.485 billion in the prior year.
  • Share repurchases for the full year FY26 totaled $2.592 billion.