Western Digital Q4 revenue beats estimates on storage demand

Western Digital

05/08/2026 21:13

Overview
U.S. data storage firm's fiscal Q4 revenue rose 44% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company attributes results to growing storage demand and operational execution

Outlook
Western Digital expects Q1FY27 revenue of $4.1 bln, plus or minus $100 mln
Company forecasts Q1FY27 non-GAAP EPS of $4.00, plus or minus $0.15
Western Digital sees Q1FY27 non-GAAP gross margin between 55% and 56%

Result Drivers
STORAGE DEMAND - Co said results were driven by expanding global storage demand
MARGIN EXPANSION - Co cited expanded gross and operating margins as contributing to improved results
OPERATIONAL DISCIPLINE - Co pointed to operational discipline and execution across end markets as supporting performance

Company press release: ID:nBwc42dyga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$3.75 bln
$3.69 bln (20 Analysts)
Q4 Adjusted EPS
Beat
$3.56
$3.30 (21 Analysts)
Q4 EPS
 
$8.21
 
Q4 Net Income
 
$3.20 bln
 
Q4 Gross Margin
 
54.10%
 
Q4 Operating Income
 
$1.56 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Western Digital Corp is $650.00, about 18.5% above its August 4 closing price of $548.56
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 33 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)