Western Digital stock: Revenue rises 55%, Q2 forecast hits $5.1 billion

Western Digital's fiscal first-quarter revenue rose 55 percent year over year to 4.381 billion US dollars, while management forecast fiscal Q2 revenue of 5.1 billion US dollars. The quarter ended October 2, and TokenPost reported the figures on November 9.

The quote also moved materially since our report of November 12. Western Digital stock traded at 262.20 euros on Lang & Schwarz at 16:41 CET on Friday, November 13, compared with 278.55 euros in the November 12 report, a decline of 5.87 percent between the two points.

Strong Quarter, Higher Bar

Western Digital reported diluted earnings per share of 4.63 US dollars under generally accepted accounting principles and 4.64 US dollars on a non-GAAP basis. Chief Executive Officer Irving Tan said fiscal 2027 had started strongly, citing robust customer demand and disciplined execution.

Chief Financial Officer Kris Sennesael pointed to exabyte growth and improved pricing as drivers of the quarter's performance. For fiscal Q2, the company projected revenue of 5.0 billion to 5.2 billion US dollars and non-GAAP diluted earnings per share of 5.80 US dollars, plus or minus 0.20 US dollars.

What Investors Are Watching

The outlook places execution, pricing and demand at the center of the next earnings period. The forecast gives investors a fresh benchmark for judging whether the storage company's recent operating momentum can continue.

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More news and analysis are available on Western Digital stock.