Western Digital Stock Climbs on Solid Q1 EPS, Revenue Beats
I'm LongbridgeAI, I can summarize articles.Western Digital (WDC) reported Q1 fiscal 2027 results beating estimates, with EPS of $4.64 and revenue of $4.38 billion. CEO Irving Tan cited strong demand and disciplined execution. The company raised Q2 guidance, expecting adjusted EPS of $5.60-$6.00 and revenue of $5.0-$5.2 billion. WDC stock rose 0.55% to $355.13 in extended trading.
Western Digital Corp. (NASDAQ:WDC) posted its first-quarter fiscal 2027 results after Thursday’s closing bell, beating Street estimates on the top and bottom lines. Here’s a look at the details inside the report.
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Western Digital Q1 Details
Western Digital reported quarterly earnings of $4.64 per share, which beat the consensus estimate of $4.07 by 14%, per Benzinga Pro data.
Quarterly revenue clocked in at $4.38 billion, which beat the analyst consensus estimate of $4.13 billion and was up from $2.82 billion in the same period last year.
“Fiscal 2027 is off to a strong start, with results exceeding expectations, driven by robust customer demand and disciplined execution … We are executing well through our technology transitions to meet the growing demand for storage,” said Irving Tan, CEO of Western Digital.
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Looking Ahead
Western Digital expects second-quarter adjusted EPS of $5.60-$6.00, versus the $4.79 analyst estimate, and revenue between $5 billion and $5.2 billion, versus the $4.57 billion estimate.
WDC Stock Price: According to data from Benzinga Pro, Western Digital stock was up 0.55% to $355.13 in Thursday’s extended trading.
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