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Western Digital reports 55% revenue surge driven by AI demand

Western Digital AI storage earnings report hyperscaler investment enterprise infrastructure

Western Digital reported Q1 FY2027 revenue of $4.381 billion, marking a 55% increase year-over-year. The company's non-GAAP diluted earnings per share (EPS) rose 161% to $4.64, while non-GAAP gross margins expanded to 58.1%.

CEO Irving Tan attributed the growth to disciplined execution during technology transitions and strengthening relationships with hyperscalers. The surge is linked to accelerating investments in AI-driven storage infrastructure and enterprise workloads.

Following these results, the company's board increased the quarterly cash dividend by 17% to $0.175 per share. Western Digital provided Q2 FY2027 revenue guidance of approximately $5.1 billion with a non-GAAP EPS of $5.80.

Entities

Irving Tan · Western Digital

Sources

Western Digital (WDC) Stock Price Drops As Q1 Results Spur Profit Quality Concerns [www.europesays.com]
Western Digital Stock Has Fallen 53% Since June. I'd Consider a Small Position After Its Latest Report. | The Motley Fool [www.fool.com]
Western Digital's 55% Revenue Surge Signals AI Storage Boom [futurumgroup.com]
Warehouses De Pauw SA (WDPSF) Q3 2026 Earnings Call Transcript [seekingalpha.com]