Western Digital reports fiscal first-quarter growth. Western Digital stock gains 3.49 percent.

Published on 10/28/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 4.38 billion, up 55 percent. Western Digital stock trades at EUR 349.78 on October 28, 2026, 3.49 percent above EUR 338.00 Xetra close.

Quarterly momentum and cash returns

Western Digital reported fiscal first-quarter revenue of USD 4.38 billion on October 22, 2026.
The company guided fiscal second-quarter revenue to USD 5.1 billion at the midpoint.
Western Digital stock trades at EUR 349.78 at 11:46 a.m. CET at Lang & Schwarz on October 28, 2026, 3.49 percent above the Xetra close of October 27, 2026.

Western Digital, US9581021055, Illustration mit AI erstellt.

Western Digital (ISIN US9581021055) is trading at EUR 349.78 at Lang & Schwarz on October 28, 2026 at 11:46 a.m. CET, 3.49 percent above the Xetra close of October 27, 2026 at EUR 338.00. In a release dated October 22, 2026, Western Digital reported fiscal first-quarter revenue of USD 4.381 billion, up 55 percent year over year.

Margins widen with demand

The result was more than a revenue story. GAAP gross margin reached 57.8 percent in the fiscal first quarter, compared with 54.1 percent in the fiscal fourth quarter and 43.5 percent in the year-earlier quarter. Non-GAAP gross margin reached 58.1 percent, while non-GAAP diluted earnings per share rose 161 percent year over year to USD 4.64.

Operating performance also accelerated. GAAP operating income increased 158 percent year over year to USD 2.046 billion, while non-GAAP operating income rose 152 percent to USD 2.153 billion in the fiscal first quarter. Cash flow from operations was USD 1.60 billion and free cash flow was USD 1.38 billion for the period ended October 2, 2026, according to the company release.

What does Q2 guidance signal?

Western Digital expects fiscal second-quarter revenue of USD 5.1 billion at the midpoint, with a range of USD 5.0 billion to USD 5.2 billion. The company projects non-GAAP gross margin of 60 percent to 61 percent and non-GAAP diluted earnings per share of USD 5.80 plus or minus USD 0.20. That outlook would put the midpoint 16 percent above fiscal first-quarter revenue of USD 4.381 billion.

December dates carry cash return

The board declared a quarterly cash dividend of USD 0.175 per share, a 17 percent increase, in the October 22 release. The dividend is scheduled for payment on December 17, 2026, to shareholders of record at the close of business on December 4, 2026.

Stock reaction and valuation context

The current euro quotation puts the stock above its Xetra comparison level, while the operating figures provide a fresh benchmark for the valuation discussion. Western Digital's market capitalization was USD 130.8 billion as of October 28, 2026, and its 52-week range was USD 49.12 to USD 696.70 in the finance quote.

Western Digital was trading at EUR 349.78 at Lang & Schwarz on October 28, 2026 at 11:46 a.m. CET, 3.49 percent above the Xetra close of October 27, 2026 at EUR 338.00. The further course of trading is shown by the continuously updated real-time quote of Western Digital stock.