On October 22 (local time), Western Digital unveiled its financial performance for the first fiscal quarter of 2027, showcasing a remarkable revenue of $4.381 billion, reflecting a substantial 55% year-over-year (YoY) increase. The company also reported a net profit of $1.779 billion, up 51% YoY, and non-GAAP diluted earnings per share (EPS) of $4.64, soaring by 161% YoY. Operating activities generated a cash flow of $1.604 billion, while free cash flow stood at $1.377 billion. Looking ahead, Western Digital anticipates its revenue for the second fiscal quarter to approximate $5.1 billion, indicating a YoY growth between 66% and 72%, with non-GAAP diluted EPS projected at around $5.80. Moreover, the company declared a 17% hike in its quarterly cash dividend, raising it to $0.175 per share.
