Filing Flows › Western Digital (WDC) › Guidance history
Western Digital (WDC) guidance history: what it guided and what it reported
Western Digital gave guidance in 12 earnings releases on file since Jan 25, 2024. Of 12 guided periods since reported, it met or beat its own guidance 11 times (92%). Revenue: 6 of 7, on average -1.7% against the guided midpoint.
Revenue
Met or beat 6 of 7 periods (5 above, 1 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | $4.0B–$4.2B (Aug 5, 2026) | $4.4B | above the range | +6.8% |
| Q4 FY26 | $3.5B–$3.8B (Apr 30, 2026) | $3.7B | within the range | +2.7% |
| Q3 FY26 | $3.1B–$3.3B (Jan 29, 2026) | $3.3B | above the range | +4.3% |
| Q2 FY26 | $2.8B–$3.0B (Oct 30, 2025) | $3.0B | above the range | +4.0% |
| Q1 FY26 | $2.6B–$2.8B (Jul 30, 2025) | $2.8B | above the range | +4.4% |
| Q4 FY25 | $2.3B–$2.6B (Apr 30, 2025) | $2.6B | above the range | +6.3% |
| Q3 FY25 | $3.8B–$4.0B (Jan 29, 2025) | $2.3B | below the range | -40.4% |
| Q2 FY25 | $4.2B–$4.4B (Oct 24, 2024) | — | — | — |
| Q1 FY25 | $4.0B–$4.2B (Jul 31, 2024) | — | — | — |
| Q4 FY24 | $3.6B–$3.8B (Apr 25, 2024) | — | — | — |
Adjusted revenue
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | $5.1B (Oct 22, 2026) | — | to be reported | — |
| Q1 FY27 | $4.1B (Aug 5, 2026) | — | — | — |
| Q4 FY26 | $3.6B (Apr 30, 2026) | — | — | — |
| Q3 FY26 | $3.2B (Jan 29, 2026) | — | — | — |
| Q2 FY26 | $2.9B (Oct 30, 2025) | — | — | — |
| Q1 FY26 | $2.7B (Jul 30, 2025) | — | — | — |
Gross margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY25 | 39.5%–40.5% (Apr 30, 2025) | — | — | — |
| Q3 FY25 | 31.0%–33.0% (Jan 29, 2025) | — | — | — |
| Q2 FY25 | 36.5%–38.5% (Oct 24, 2024) | — | — | — |
| Q1 FY25 | 36.5%–38.5% (Jul 31, 2024) | — | — | — |
| Q4 FY24 | 31.5%–33.5% (Apr 25, 2024) | — | — | — |
| Q3 FY24 | 21.5%–23.5% (Jan 25, 2024) | — | — | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q2 FY27 | 60.5% (Oct 22, 2026) | — | to be reported | — |
| Q1 FY27 | 55.5% (Aug 5, 2026) | — | — | — |
| Q4 FY26 | 51.0%–52.0% (Apr 30, 2026) | — | — | — |
| Q3 FY26 | 47.5% (Jan 29, 2026) | — | — | — |
| Q2 FY26 | 44.5% (Oct 30, 2025) | — | — | — |
| Q1 FY26 | 41.5% (Jul 30, 2025) | — | — | — |
Operating expenses
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | $390M–$400M (Aug 5, 2026) | — | — | — |
| Q4 FY26 | $385M–$395M (Apr 30, 2026) | — | — | — |
| Q3 FY26 | $380M–$390M (Jan 29, 2026) | — | — | — |
| Q2 FY26 | $365M–$375M (Oct 30, 2025) | — | — | — |
| Q1 FY26 | $370M–$380M (Jul 30, 2025) | — | — | — |
| Q4 FY25 | $385M–$395M (Apr 30, 2025) | — | — | — |
| Q3 FY25 | $790M–$810M (Jan 29, 2025) | — | — | — |
| Q2 FY25 | $835M–$855M (Oct 24, 2024) | — | — | — |
| Q1 FY25 | $845M–$885M (Jul 31, 2024) | — | — | — |
| Q4 FY24 | $770M–$800M (Apr 25, 2024) | — | — | — |
Tax rate
Met or beat 5 of 5 periods (0 above, 0 within, 5 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q1 FY27 | 17.0% (Aug 5, 2026) | 12.7% | below the range | -4.3 pts |
| Q4 FY26 | 16.0% (Apr 30, 2026) | 1.6% | below the range | -14.4 pts |
| Q3 FY26 | 16.0% (Jan 29, 2026) | 4.6% | below the range | -11.4 pts |
| Q2 FY26 | 17.0% (Oct 30, 2025) | 6.1% | below the range | -10.9 pts |
| Q1 FY26 | 16.0%–19.0% (Jul 30, 2025) | 11.6% | below the range | -5.9 pts |
The latest quarter
Western Digital, Q1 FY27: revenue $4.4B (+56% year over year), operating margin 46.7%, net earnings $1.8B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
Does Western Digital beat its guidance?
Western Digital gave guidance in 12 earnings releases on file since Jan 25, 2024. Of 12 guided periods since reported, it met or beat its own guidance 11 times (92%). Revenue: 6 of 7, on average -1.7% against the guided midpoint.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.