Western Digital beats fourth quarter estimates with 44% revenue growth and provides a strong Q1 outlook.

Western Digital reported fiscal fourth quarter 2026 revenue of $3.75 billion, up 44% year-over-year, with non-GAAP EPS more than doubling to $3.56. The company also issued a strong forecast for the first quarter of fiscal 2027, anticipating revenue growth between 42% and 49% year-over-year.

Key Highlights

• Fourth quarter non-GAAP revenue grew 44% year-over-year to $3.75 billion, beating estimates of $3.69 billion.
• Fourth quarter non-GAAP EPS of $3.56 was up 109% year-over-year and exceeded analyst expectations of $3.34.
• Non-GAAP gross margin for the quarter was 54.4%, a significant expansion from 41.3% in the same quarter last year.
• The company guides for first quarter 2027 non-GAAP revenue of approximately $4.1 billion and non-GAAP EPS of around $4.00 at the midpoint.