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Western Digital Reports Fiscal Second Quarter 2026 Financial Results

WDC
  • Western Digital reported Q2FY26 revenue of $3.02 billion, representing a 25% year-over-year increase.
  • GAAP diluted EPS was $4.73, while non-GAAP diluted EPS was $2.13.
  • GAAP gross margin stood at 45.7% and non-GAAP gross margin at 46.1%.
  • Cash flow from operations totaled $745 million, with free cash flow reaching $653 million.
  • The company returned over 100% of its free cash flow to shareholders via share repurchases & dividends.
  • Q3FY26 revenue is projected to rise approximately 40% year-over-year at the midpoint.
  • Q3FY26 non-GAAP guidance includes revenue of $3.2 billion, a gross margin of 47% to 48%, & non-GAAP EPS of $2.30.
  • A cash dividend of $0.125 per share was declared, payable on March 18, 2026, to record holders as of March 5, 2026.
  • The separation of the Flash business unit into Sandisk Corporation was completed on February 21, 2025.
  • Operating income increased 62% year-over-year to $908 million on a GAAP basis.