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Western Digital Corporation has reported fiscal second quarter 2026 financial results for the period ended January 2, 2026.
“Western Digital’s strong performance this quarter reflects our disciplined execution to meet demand in the AI-driven data economy, and the confidence our customers place in our ability to deliver reliable, high-capacity HDDs at scale,” said Irving Tan, CEO of Western Digital. “In our fiscal second quarter, we delivered strong revenue growth and gross margin expansion. During the quarter, free cash flow generation continued to be strong, and we returned over 100% of our free cash flow to shareholders in the form of share repurchases and dividend payments.”
Western Digital Reports Fiscal Second Quarter 2026 Financial Results
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Business Outlook for Fiscal Third Quarter of 2026
“Our business continues to strengthen. We expect strong revenue growth and improved profitability driven by continued data center demand and by the adoption of our high-capacity drives. For our fiscal third quarter of 2026, at the mid-point of the ranges provided in the table below, we expect revenues of $3.2 billion, non-GAAP gross margin of 47.5%, with non-GAAP EPS of $2.30,” said Kris Sennesael, CFO of Western Digital.
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(1) We provide earnings guidance only on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate or cannot be allocated or quantified with certainty and is dependent on future events outside of our control. Please refer to the section titled “Non-GAAP Guidance” under “Discussion Regarding the Use of Non-GAAP Financial Measures” in this press release for additional information regarding the non-GAAP measures, including quantification of known expected adjustment items.
Dividend
Western Digital’s Board of Directors declared a cash dividend of $0.125 per share of the company’s common stock, which will be paid on March 18, 2026 to stockholders of record as of the close of business on March 5, 2026.