Western Digital Corporation (WDC) Earnings Call Transcripts

Western Digital Corporation's Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal 2026, Western Digital Corporation (WDC) reported a significant revenue increase of 44% year-over-year, reaching $3.75 billion, driven by strong Exabyte growth and favorable pricing dynamics. Earnings per share (EPS) surged 109% to $3.56, surpassing guidance expectations. Management provided optimistic guidance for Q1 fiscal 2027, projecting revenue of $4.1 billion, indicating a 45% year-over-year growth, alongside expectations for continued margin expansion and robust demand driven by AI and cloud services.

Reported metrics

Guidance from management

Management expects Q1 fiscal 2027 revenue of $4.1 billion, plus/minus $100 million, and gross margins in the range of 55% to 56%. They maintain a strong outlook for demand driven by AI and cloud services.

What management said

Thank you, Kris. Operator, you can now open the line to questions, please, and to ensure that we hear from as many analysts as possible, please ask one question at a time. After which, we will give you an opportunity to ask one follow-up question.

Yes. I mean I think what we've guided to is a exabyte. We see demand growing at above 25%, right, 25% plus going forward. So we clearly have a road map that's designed to support that. That will, again, as I mentioned, similar to margins, we quarter-to-quarter fluctuations in terms of exabyte growth rates depending on the mix of products that we ship. And as we move into the second half of the year as we really ramp ...

What analysts pressed on

Analysts expressed concerns regarding the deceleration in Exabyte growth rates, which were reported at 22% year-over-year, below previous expectations of 30% growth. There were inquiries about the impact of product mix on future growth rates and pricing dynamics under long-term agreements (LTAs).

Main topics on the call

• Strong Revenue Growth — WDC achieved a 44% year-over-year revenue growth in Q4, totaling $3.75 billion, attributed to strong Exabyte growth and favorable pricing. Management noted, "Revenue, gross margin and EPS all came in at or above the high...
• Earnings Per Share Surge — The company reported EPS of $3.56, a 109% increase year-over-year, reflecting strong operational performance. This significant growth underscores the company's ability to capitalize on market demand.
• Guidance for Q1 Fiscal 2027 — Management expects Q1 revenue to be $4.1 billion, plus/minus $100 million, representing a 45% year-over-year growth. They stated, "We continue to operate in a strong demand environment with improving longer-term visibili...
• Exabyte Growth Dynamics — Exabyte shipments grew 22% year-over-year in Q4, with management projecting continued growth above 25% going forward. They emphasized that the ramp-up of higher capacity drives will drive this growth.

Read the full Western Digital Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 98 Western Digital Corporation earnings call transcripts on record, spanning January 30, 2020 to August 5, 2026. Based on this history, Western Digital Corporation reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WDC

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Calls on record

98

First call

January 30, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly