Western Digital stock gains as storage demand outlook stays strong

Published on 10/31/2026 at 10:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Western Digital stock draws attention after stronger quarterly results and a higher dividend. A storage-demand note added to the week's sector momentum.

Growth outlook and storage demand

Western Digital reported fiscal first-quarter revenue growth of 55 percent and stronger margins.
Management expects fiscal second-quarter revenue of 5.1 billion US dollars at the midpoint of its range.
A Bank of America note highlighted longer-term storage commitments from memory customers.

Western Digital, US9581021055, Illustration mit AI erstellt.

Western Digital stock traded at 327.53 euros on Lang & Schwarz at 10:27 CET on Saturday, October 31, 2026. The week's focus remained on stronger operating results, a higher dividend and signs of sustained demand from cloud and artificial-intelligence customers.

Western Digital reported its fiscal first-quarter 2027 results on October 22 for the period ended October 2. In its earnings release, the company said revenue rose 55 percent year over year to 4.381 billion US dollars. GAAP gross margin reached 57.8 percent, while non-GAAP gross margin was 58.1 percent.

Non-GAAP diluted earnings per share rose 161 percent year over year to 4.64 US dollars. Operating cash flow was 1.60 billion US dollars and free cash flow was 1.38 billion US dollars, according to the company.

Guidance points to further expansion

For fiscal second-quarter 2027, Western Digital expects revenue of 5.1 billion US dollars at the midpoint of a range of plus or minus 100 million US dollars. The company projects non-GAAP gross margin of 60 to 61 percent and non-GAAP diluted earnings per share of 5.80 US dollars, plus or minus 0.20 US dollars.

The board also raised the quarterly cash dividend by 17 percent to 0.175 US dollars per share. Payment is scheduled for December 17, 2026, to shareholders of record on December 4.

A separate Trefis analysis published by Yahoo Finance said Western Digital shares rose 6.9 percent on October 27 as storage stocks advanced. The report linked the move to a Bank of America note arguing that memory customers were locking in supply for several years. Trefis said cloud revenue accounted for 88 percent of fiscal first-quarter sales and identified cloud revenue as a key measure for the next results.

The real-time quote of Western Digital stock provides the latest trading context for investors.