Western Digital: Fiscal 2Q26 Financial Results<\/b>
\nFiscal Q2 FY26 Highlights:
Revenue of $3.02 billion, up 25% YoY
GAAP gross margin of 45.7%; non-GAAP gross margin of 46.1%
GAAP diluted EPS of $4.73; non-GAAP diluted EPS of $2.13
Cash flow from operations of $745 million; free cash flow of $653 million
Q3FY26 revenue expected to be up approximately 40% YoY at mid-point
Western Digital Corp. reported fiscal second quarter 2026 financial results for the period ended January 2, 2026.
\u201cWestern Digital\u2019s strong performance this quarter reflects our disciplined execution to meet demand in the AI-driven data economy, and the confidence our customers place in our ability to deliver reliable, high-capacity HDDs at scale,\u201d said Irving Tan, CEO, Western Digital. \u201cIn our fiscal second quarter, we delivered strong revenue growth and gross margin expansion. During the quarter, free cash flow generation continued to be strong, and we returned over 100% of our free cash flow to shareholders in the form of share repurchases and dividend payments.\u201d
Business Outlook for Fiscal Third Quarter of 2026
\u201cOur business continues to strengthen. We expect strong revenue growth and improved profitability driven by continued data center demand and by the adoption of our high-capacity drives. For our fiscal third quarter of 2026, at the mid-point of the ranges provided in the table below, we expect revenues of $3.2 billion, non-GAAP gross margin of 47.5%, with non-GAAP EPS of $2.30,\u201d said Kris Sennesael, CFO, Western Digital.
Dividend
Western Digital\u2019s Board of Directors declared a cash dividend of $0.125 per share of the company\u2019s common stock, which will be paid on March 18, 2026 to stockholders of record as of the close of business on March 5, 2026.<\/p>\n