Filing Flows › Western Digital (WDC) › Q1 FY27 › vs Q4 FY26
Western Digital (WDC) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Western Digital's revenue rose $634M (+17%) from $3.7B in Q4 FY26 to $4.4B in Q1 FY27. The biggest changes: Cloud +$533M (+16%); Client +$95.0M (+42%); Consumer +$6.0M (+3%). Gross margin 57.8% against 54.1% (+3.7 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 57.8% | 54.1% | +3.7 pts |
| Operating margin | 46.7% | 41.7% | +5.0 pts |
| Net margin | 40.6% | 85.3% | -44.7 pts |
| Free cash flow margin | 31.4% | 34.2% | -2.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Cloud | $3.9B | $3.3B | $533M | +16% |
| Client | $320M | $225M | $95.0M | +42% |
| Consumer | $193M | $187M | $6.0M | +3% |
| Revenue | $4.4B | $3.7B | $634M | +17% |
| Gross profit | $2.5B | $2.0B | $506M | +25% |
| Cost of revenue | $1.8B | $1.7B | $128M | +7% |
| Operating profit | $2.0B | $1.6B | $483M | +31% |
| Operating expenses | $488M | $465M | $23.0M | +5% |
| Pre-tax earnings | $2.0B | $3.2B | −$1.2B | -37% |
| Research & development | $283M | $284M | −$1.0M | -0.4% |
| SG&A | $162M | $138M | $24.0M | +17% |
| Other operating costs | $43.0M | $43.0M | $0 | 0% |
| Net earnings | $1.8B | $3.2B | −$1.4B | -44% |
| Income tax | $259M | $52.0M | $207M | +398% |
| Depreciation & amortization | $104M | $99.0M | $5.0M | +5% |
| Share-based compensation | $79.0M | $45.0M | $34.0M | +76% |
| Working capital & other | $358M | $1.9B | −$1.6B | -82% |
| Operating cash flow | $1.6B | $1.4B | $215M | +15% |
| Free cash flow (OCF − capex) | $1.4B | $1.3B | $96.0M | +7% |
| Capital expenditures | $227M | $108M | $119M | +110% |
Questions
How much did Western Digital's revenue grow quarter over quarter in Q1 FY27?
Western Digital's revenue rose $634M (+17%) from $3.7B in Q4 FY26 to $4.4B in Q1 FY27.
What drove Western Digital's revenue change in Q1 FY27?
Cloud +$533M (+16%); Client +$95.0M (+42%); Consumer +$6.0M (+3%).