Western Digital — 2026Q3 财报

来自财报

WD closed fiscal 2026 with revenue up 44% year over year to $3.75 billion and sharply wider margins, and guided the next quarter higher again — though headline GAAP EPS is inflated by a non-operating gain on its retained Sandisk stake.

• “Revenue of $3.75 billion, up 44% year-over-year”

  Revenue reached $3.75 billion in the quarter, up 44% year over year, as WD's post-separation HDD-only business scaled with cloud storage demand.

  来源 ↗

• “GAAP gross margin of 54.1%; non-GAAP gross margin of 54.4%”

  Profitability expanded on both lines: GAAP gross margin of 54.1% and non-GAAP gross margin of 54.4%, well above the year-ago quarter.

  来源 ↗

• “GAAP diluted EPS of $8.21; non-GAAP diluted EPS of $3.56”

  GAAP diluted EPS of $8.21 sits far above non-GAAP diluted EPS of $3.56, so the operating result is the non-GAAP figure.

  来源 ↗

• “The company retained an ownership interest in Sandisk at the time of the Separation and has recognized gains on the mark-to-market adjustment of such interest.”

  The GAAP-to-non-GAAP gap is driven by mark-to-market gains on the ownership stake WD retained in Sandisk after the Flash separation, which management excludes as non-operating.

  来源 ↗

• “For our fiscal first quarter of 2027, at the midpoint of the ranges provided in the table below, we expect revenue of $4.1 billion, non-GAAP gross margin of 55.5%, and non-GAAP EPS of $4.00.”

  Guidance for the next quarter points to continued growth and further margin expansion, with revenue of about $4.1 billion and non-GAAP EPS of about $4.00.

  来源 ↗