Western Digital reported fiscal 2027 first-quarter results that came in ahead of expectations on both revenue and earnings. The company posted $4.381 billion in revenue, up 55% year over year, above analysts’ estimate of $4.14 billion. Non-GAAP earnings per share reached $4.64, up 161% from a year earlier and above the $4.11 consensus compiled by FactSet. For the second fiscal quarter, Western Digital guided for adjusted EPS of $5.60 to $6.00 and revenue of $5.0 billion to $5.2 billion, both above prior market expectations of $4.84 in EPS and $4.57 billion in revenue. Even so, the stock failed to hold an initial gain after the earnings release. According to the report, storage and AI-related names were under pressure more broadly, while the market remained concerned about whether large-scale capital spending can translate into meaningful returns in the near term. As of publication, Western Digital shares were down 6.3% in after-hours trading.
Western Digital reported results for the first quarter of fiscal 2027, with revenue of $4.381 billion, up 55% year over year and above analysts’ expectation of $4.14 billion.
Non-GAAP earnings per share came in at $4.64, up 161% from a year earlier and ahead of the $4.11 estimate from analysts surveyed by FactSet.
Second-quarter guidance topped expectations
For the second fiscal quarter, Western Digital said it expects adjusted earnings per share of $5.60 to $6.00 and revenue of $5.0 billion to $5.2 billion. Both figures were above prior market expectations of $4.84 in EPS and $4.57 billion in revenue.
Shares reversed lower after the release
Despite the earnings beat and stronger guidance, storage and AI-related stocks were under pressure overall, and the market remained concerned about whether large-scale capital expenditures can generate effective returns in the short term. After the earnings release, Western Digital shares briefly rose before falling back. As of publication, the stock was down 6.3% in after-hours trading.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
