$WDC · WESTERN DIGITAL CORP
Western Digital's Q1 FY2027 10-Q reports revenue of $4.381B, up 55% from $2.818B. Gross margin widened to 57.8%, and operating income reached $2.046B. Diluted EPS was $4.63, up from $3.07.
- Revenue rose 55% to $4.381B from $2.818B a year earlier.
- Cloud revenue reached $3,868 million, up from $2,510 million.
- Gross margin expanded to 57.8% from 43.5%.
- Diluted EPS rose to $4.63 from $3.07.
- Share repurchases totaled $1,001 million for the quarter.
Extended-hours last trade of $338.00 was down 4.57% from the $354.19 regular close. The regular session also fell 6.43%, so investors are not rewarding the 55% revenue gain.
A 55% revenue surge and 57.8% gross margin show strong AI storage demand, but the extended-hours drop signals demanding valuation.
Cloud demand drove results; Client and Consumer contributed only $320 million and $193 million, respectively.
Risks highlighted include concentration of revenue in the Cloud end market and among top customers. Trade-policy actions had not pressured results through Q1 FY2027, but mitigation options are being assessed.
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.