Western Digital reports 55 percent revenue growth: Western Digital stock gains 5.78 percent

Published on 10/23/2026 at 10:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter 2027 revenue hit USD 4.38 billion, up 55 percent. Western Digital stock costs EUR 312.43 on October 23, 2026 versus EUR 295.35.

Storage demand drives guidance

Fiscal first-quarter revenue rose 55 percent on October 22, 2026.
Second-quarter guidance centers on USD 5.10 billion revenue and a 60.5 percent non-GAAP gross margin.
Western Digital stock trades at EUR 312.43 at 10:46 a.m. CEST at Lang & Schwarz on October 23, 2026, 5.78 percent above the Xetra close of October 22, 2026.
The quarterly dividend is USD 0.175 per share and is payable on December 17, 2026.

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Western Digital (ISIN US9581021055) was trading at EUR 312.43 at Lang & Schwarz on October 23, 2026 at 10:46 a.m. CEST, up 5.78 percent versus the Xetra close of October 22, 2026 at EUR 295.35. According to Western Digital, fiscal first-quarter revenue rose 55 percent year over year to USD 4.38 billion on October 22, 2026.

Margins widen with revenue growth

The result combined stronger sales with operating leverage. GAAP operating margin reached 46.7 percent in the first quarter of fiscal 2027, compared with 28.1 percent in the year-earlier quarter, while non-GAAP operating margin reached 49.1 percent versus 30.4 percent.

GAAP diluted earnings per share came in at USD 4.63, up from USD 3.07 a year earlier. Operating cash flow was USD 1.60 billion and free cash flow was USD 1.38 billion for the quarter ended October 2, 2026, according to the company release.

What does the next forecast mean?

Western Digital expects fiscal second-quarter 2027 revenue of USD 5.00 billion to USD 5.20 billion, with a midpoint of USD 5.10 billion, and non-GAAP gross margin of 60 percent to 61 percent. The midpoint would exceed the first-quarter revenue by 16.42 percent, pointing to continued pricing power if demand holds.

The forecast also includes non-GAAP earnings per share of USD 5.60 to USD 6.00, centered on USD 5.80. That outlook is important because the company cited rising storage demand while also identifying supplier concentration, competition and input costs among its risks.

Three quarters show the climb

Western Digital's reported revenue rose from USD 3.34 billion in the fiscal third quarter ended March 28, 2026, to USD 3.75 billion in the fiscal fourth quarter ended July 3, 2026, and then to USD 4.38 billion in the fiscal first quarter ended October 2, 2026, based on the period history shown by Moomoo and the company release.

Which dates come next?

The company declared a quarterly cash dividend of USD 0.175 per share. The record date is December 4, 2026, and payment is scheduled for December 17, 2026, according to Business Wire.

Analyst caution has not disappeared. Morgan Stanley maintained an Overweight rating but cut its price target from USD 676 to USD 643 on October 20, 2026, citing valuation pressure from competition and uncertainty around AI funding, as Yahoo Finance reported.

Stock price and valuation

Western Digital's Nasdaq listing was identified in the company release. The primary-market quote was USD 354.19 at 4:00 p.m. ET on October 22, 2026, while the market capitalization was USD 132.6 billion and the 52-week range was USD 121.72 to USD 799.87.

For investors, the central tension is visible in the numbers: current-quarter revenue and margins are accelerating, while the recent target cut shows that valuation and competition remain part of the debate. The stock was trading at EUR 312.43 at Lang & Schwarz on October 23, 2026 at 10:46 a.m. CEST, 5.78 percent above the Xetra close of October 22, 2026 at EUR 295.35. The further course of trading is shown by the continuously updated real-time quote of Western Digital stock.