Western Digital Corporation
Western Digital Reports Strong Q3 2026 Financial Results and Announces Dividend Increase
Summary
Western Digital Corporation reported robust financial results for the fiscal third quarter of 2026, with revenue of $3.34 billion, a 45% year-over-year increase. The company achieved a GAAP gross margin of 50.2% and a non-GAAP gross margin of 50.5%. GAAP diluted earnings per share (EPS) were $8.20, while non-GAAP diluted EPS were $2.72. The company also announced a 20% increase in the quarterly cash dividend on its common stock to $0.15 per share, payable on June 17, 2026. Western Digital expects Q4FY26 revenue to be up 36% to 44% year-over-year, with a non-GAAP gross margin in the range of 51% to 52%.
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About Western Digital Corporation
Western Digital Corporation is a global leader in data storage solutions, specializing in designing, manufacturing, and marketing high-performance hard drives and solid-state drives for a variety of applications. As one of the key players in the data storage industry, Western Digital's primary function is to provide reliable and innovative storage products that serve consumer, business, and enterprise needs. Its product portfolio encompasses solutions for desktop and notebook computers, data centers, and the embedded and removable storage market through brands like WD and SanDisk. Western Digital plays a crucial role in sectors such as cloud computing, data infrastructure, and mobile device manufacturing, catering to the ever-growing demand for efficient data storage and management technologies. The company's commitment to research and development has positioned it at the forefront of technological advancements, helping to drive the innovations required to manage the digital information explosion effectively. Founded in 1970 and headquartered in San Jose, California, Western Digital continues to influence industry standards, making significant contributions to the infrastructure that powers today's digital world.
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