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Western Digital Corp
XMUN:WDC

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Western Digital Corp
XMUN:WDC
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Price: 403.5 EUR 2.67% Market Closed
Market Cap: €139.1B

Western Digital Corp
Investor Relations

Western Digital makes data storage products that hold and move digital files. Its main products are hard disk drives, solid-state drives, and flash memory products sold under brands such as Western Digital and SanDisk. These products are used in computers, game consoles, external drives, data centers, and other devices that need reliable storage. The company sells to a mix of customers: cloud and enterprise data centers, computer and device makers, retailers, and consumers. It makes money by selling storage hardware and related components through original equipment manufacturers, distributors, and retail channels. In plain terms, Western Digital earns revenue every time a customer buys the drives or memory inside a system, or a finished storage product off the shelf. What makes Western Digital different is its role in the storage layer of the tech stack. It sits between chip makers and end users, turning memory and drive technology into products that store huge amounts of data at low cost or with fast access speeds. That makes it a key supplier for both large-scale data infrastructure and everyday consumer storage.

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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
Aug 5, 2026
AI Summary
Q4 2026

Strong year: Western Digital said fiscal 2026 was an outstanding year, with revenue up 36% to $12.9 billion, EPS more than doubling to $10.22, and free cash flow of $3.5 billion.

Q4 beat: Fourth-quarter revenue was $3.75 billion, up 44% year over year, and both revenue and earnings came in at or above the high end of guidance.

Margins improved: Q4 gross margin reached 54.4%, helped by higher-capacity drives, better pricing and manufacturing execution, while operating margin rose to 44.2%.

Demand stays strong: Management said demand remains robust across cloud, AI and core storage, with particularly strong interest from hyperscalers, neoclouds, frontier AI labs and physical AI customers.

Outlook raised/strong: For fiscal Q1 2027, WD guided revenue to $4.1 billion, plus or minus $100 million, and EPS to $4, plus or minus $0.15, with gross margin expected at 55% to 56%.

AI tailwind: The company emphasized that inference, Agentic AI and physical AI are creating more data that must be stored, which it sees as a durable driver of HDD demand.

Capital returns: WD returned $3.1 billion to shareholders in fiscal 2026 and said it remains committed to dividends and share repurchases.

Key Financials
Revenue
$12.9 billion
Earnings per share
$10.22
Free cash flow
$3.5 billion
Free cash flow margin
27%
Revenue
$3.75 billion
Earnings per share
$3.56
Exabyte shipments
231 exabytes
Cloud revenue
$3.3 billion
Client revenue
$225 million
Consumer revenue
$187 million
Gross margin
54.4%
Operating margin
44.2%
Operating income
$1.66 billion
Operating expenses
$382 million
Operating cash flow
$1.4 billion
Capital expenditures
$108 million
Cost per terabyte
down approximately 8% year over year
Debt
$1.1 billion
Cash
$1.6 billion
Net cash position
$500 million
Share repurchases
$1 billion
Capital returned to shareholders
$3.1 billion
Dividend
$0.15 per share
High-bandwidth drives sampling
5 customers
40-terabyte ePMR shipments
began in the June quarter
44-terabyte HAMR timing
first half of calendar 2027
UltraSMR mix
around 60% of nearline exabyte shipments as it exits fiscal 2027
Earnings Call Recording
Other Earnings Calls

Management

Mr. Wissam G. Jabre C.F.A.
Executive VP & CFO
No Bio Available
Mr. Robert W. Soderbery
Executive VP & GM of Flash Business
No Bio Available
Mr. Tiang Yew Tan
Chief Executive Officer
No Bio Available
Mr. C. Wesley M. Scott
Chief Investment Officer
No Bio Available
Mr. Gene M. Zamiska
Senior VP of Global Accounting & Chief Accounting Officer
No Bio Available
Mr. T. Peter Andrew
Vice President of Investor Relations
No Bio Available
Ms. Cynthia Lock Tregillis
Senior VP, Chief Legal Officer & Secretary
No Bio Available
Mr. David Tang
Senior Vice President of Corporate Marketing
No Bio Available
Ms. Christine Bastian
Executive VP and Chief People & Inclusion Officer
No Bio Available
Mr. Scott Davis
Senior Vice President of Worldwide Sales
No Bio Available

Contacts

Address
CALIFORNIA
San Jose
5601 Great Oaks Parkway
Contacts