Filing Flows › Western Digital (WDC) › Q1 FY27
Western Digital (WDC) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 23, 2026
Western Digital (WDC) reported revenue of $4.4B for the first quarter fiscal 2027 (Q1 FY27), +55% from a year earlier and +17% from the quarter before. Operating margin was 46.7%, net earnings $1.8B (40.6% of revenue).
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.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | +17% | +55% |
| Gross profit | $2.5B | +25% | +107% |
| Operating profit | $2.0B | +31% | +158% |
| Net earnings | $1.8B | -44% | +51% |
| Operating cash flow | $1.6B | +15% | +139% |
| Free cash flow | $1.4B | +7% | +130% |
What changed
Revenue was $4.4B in Q1 FY27, up 55% year over year and up 17% from the previous quarter. Cloud was the largest line at 88% of revenue. Cloud added $1.4B year over year (up 54%), 87% of the total change.
Gross margin was 57.8%, up 14.3 points from Q1 FY26. Operating profit was $2.0B, a 46.7% margin (up 18.6 points year over year). Of the extra revenue versus Q1 FY26, 80% reached operating profit, above the 28% margin then. Operating expenses grew 12% against revenue growth of 55%. The fastest-growing cost line was Other operating costs (+1333%). Net earnings were $1.8B, up 51% year over year. The effective tax rate was 12.7%.
Operating cash flow was $1.6B (up 139% year over year), 90% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $0.36B. Capital expenditures of $0.23B left free cash flow of $1.4B.
Questions
What was Western Digital's revenue in the first quarter fiscal 2027?
Western Digital (WDC) reported revenue of $4.4B for the first quarter fiscal 2027 (Q1 FY27), +55% from a year earlier and +17% from the quarter before.
Was Western Digital profitable in the first quarter fiscal 2027?
Operating profit was $2.0B (46.7% of revenue) and net earnings $1.8B.
Source: Western Digital 10-Q on SEC EDGAR.