Western Digital Corporation (WDC)

The company now

Western Digital reported revenue of $4.38 billion for the fiscal first quarter ended 2 October 2026, up 55 percent from a year earlier 1. Gross profit, revenue minus the cost of making the drives, was 57.8 percent of revenue, compared with 43.5 percent a year earlier 2. The quarterly report credits improved pricing, more drives shipped and a lower cost per drive on newer generations 2.

Cloud customers, the large data-center operators, were 88 percent of revenue in the quarter 2. The company says customers are partnering with it earlier and extending the length of their commercial arrangements, which improves its view of future demand 2. Its ten largest customers made up 64 percent of net revenue, so results depend on a small group of buyers 2.

The company expects revenue of $5.1 billion in its fiscal second quarter, plus or minus $100 million 1. The board also raised the quarterly dividend by 17 percent to $0.175 per share 1. The release lists volatility in demand for its products among the risks that could change these expectations 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.