StocksMedium•22 October 2026•
1 min read
Western Digital Beats Earnings Estimates as Revenue Surges 55%
Key Facts
1Western Digital reported non-GAAP EPS of $4.64, beating analyst estimates by $0.54.
2The company's revenue for the first fiscal quarter reached $4.38 billion, a 55% increase year-over-year.
3Western Digital stock climbed following the release of the Q1 earnings report showing beats on both top and bottom lines.
Western Digital reported non-GAAP earnings per share of $4.64 for the first fiscal quarter, beating analyst estimates by $0.54. Quiver Quantitative reported that the company's revenue reached $4.38 billion for the quarter ended October 2, 2026, representing a 55% increase year-over-year. The company also raised its quarterly cash dividend by 17% to $0.175 per share.
WDC closed at $378.51 on October 21, 2026, prior to the release of the earnings report showing a beat on both top and bottom lines. The company forecast fiscal second-quarter revenue of approximately $5.1 billion, supported by continued demand in the storage markets. The stock traded between a low of $367.13 and a high of $381.88 during the October 21, 2026 session.