Western Digital Shares Fall 7% Despite 55% Annual Revenue Growth
Key Facts
Western Digital shares fell nearly 7% on October 23, 2026, due to sell-the-news pressure, despite the company reporting a 55% year-over-year surge in annual revenue. Fiscal first-quarter revenue reached $4.381 billion, exceeding the $4.1 billion midpoint of management's prior guidance range, according to results reported by Investing.com and company data.
The company posted adjusted earnings per share of $4.64, surpassing the $4.00 target set in August. For the fiscal second quarter, Western Digital forecasts revenue between $5.00 billion and $5.20 billion and earnings per share of $5.60 to $6.00, both of which exceed analyst consensus estimates of $4.57 billion in revenue and $4.82 in earnings per share.
Latest Updates · 3
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Update: Data revealed that the cloud segment accounted for the largest share of Western Digital's business, with cloud revenue reaching 88% of total revenue in the first quarter of fiscal year 2027. This concentration in the revenue structure reflects a heavy reliance on sales from this segment during the period in which the company exceeded its previously announced financial targets.
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Update: Western Digital's cloud revenue reached 88% of its total revenue during the first fiscal quarter of 2027. This figure highlights the segment's significant contribution to the $4.38 billion in total quarterly revenue reported on October 22, 2026.
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Update: Western Digital's cloud revenue reached 88% of its total revenue during the first fiscal quarter of 2027. This figure highlights the company's operational focus during the period in which total revenue exceeded previous guidance.