Filing Flows › Western Digital (WDC) › Q1 FY27 › vs Q1 FY26
Western Digital (WDC) Q1 FY27 vs Q1 FY26 (year over year)
Western Digital's revenue rose $1.6B (+55%) from $2.8B in Q1 FY26 to $4.4B in Q1 FY27. The biggest changes: Cloud +$1.4B (+54%); Client +$174M (+119%); Consumer +$31.0M (+19%). Gross margin 57.8% against 43.5% (+14.3 pts).
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 draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 57.8% | 43.5% | +14.3 pts |
| Operating margin | 46.7% | 28.1% | +18.6 pts |
| Net margin | 40.6% | 41.9% | -1.3 pts |
| Free cash flow margin | 31.4% | 21.3% | +10.2 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Cloud | $3.9B | $2.5B | $1.4B | +54% |
| Client | $320M | $146M | $174M | +119% |
| Consumer | $193M | $162M | $31.0M | +19% |
| Revenue | $4.4B | $2.8B | $1.6B | +55% |
| Gross profit | $2.5B | $1.2B | $1.3B | +107% |
| Cost of revenue | $1.8B | $1.6B | $256M | +16% |
| Operating profit | $2.0B | $792M | $1.3B | +158% |
| Operating expenses | $488M | $435M | $53.0M | +12% |
| Pre-tax earnings | $2.0B | $1.3B | $701M | +52% |
| Research & development | $283M | $294M | −$11.0M | -4% |
| SG&A | $162M | $138M | $24.0M | +17% |
| Other operating costs | $43.0M | $3.0M | $40.0M | 14× |
| Net earnings | $1.8B | $1.2B | $597M | +51% |
| Income tax | $259M | $155M | $104M | +67% |
| Depreciation & amortization | $104M | $88.0M | $16.0M | +18% |
| Share-based compensation | $79.0M | $53.0M | $26.0M | +49% |
| Working capital & other | $358M | $651M | −$293M | -45% |
| Operating cash flow | $1.6B | $672M | $932M | +139% |
| Free cash flow (OCF − capex) | $1.4B | $599M | $778M | +130% |
| Capital expenditures | $227M | $73.0M | $154M | +211% |
Questions
How much did Western Digital's revenue grow year over year in Q1 FY27?
Western Digital's revenue rose $1.6B (+55%) from $2.8B in Q1 FY26 to $4.4B in Q1 FY27.
What drove Western Digital's revenue change in Q1 FY27?
Cloud +$1.4B (+54%); Client +$174M (+119%); Consumer +$31.0M (+19%).