Western Digital Q1 Revenue Rises 55%, Raises Dividend 17%
Western Digital reported Q1 FY27 revenue up 55% year over year, with non-GAAP gross margin of 58.1% and operating margin of 49.1%. It raised its quarterly dividend 17% to $0.175 and guided Q2 FY27 revenue to $5.1 billion, non-GAAP gross margin to 60.5%, and non-GAAP EPS to $5.80 at the midpoint.
Story updates
08:02:06 PM UTC
SquawkNews
Oct 22 (Reuters) - Western Digital Q1 gross margin 57.8%.
Western Digital’s Q1 FY27 revenue increased 55% year over year. Non-GAAP gross margin was 58.1%, while non-GAAP operating margin reached 49.1%. The company lifted its quarterly dividend 17% to $0.175. For Q2 FY27, it forecast revenue of $5.1B, non-GAAP gross margin of 60.5% and non-GAAP EPS of $5.80 at the midpoint.