Western Digital Raises Quarterly Dividend 17% to $0.175 Per Share

Western Digital raised its quarterly dividend 17% to $0.175 per share, adding a payout increase to fiscal first-quarter results that showed revenue up 55% and non-GAAP earnings per share up 161%.

The board set Dec. 4 as the record date for shareholders eligible for the payment, which is scheduled for Dec. 17. The dividend adds a payout detail to Western Digital’s quarterly results and second-quarter outlook.

Revenue for the quarter ended Oct. 2 reached $4.381 billion, compared with $2.818 billion a year earlier. Non-GAAP diluted earnings per share rose to $4.64 from $1.78. GAAP diluted EPS was $4.63, up 51% from $3.07. Non-GAAP gross margin was 58.1%, and operating margin was 49.1%.

For fiscal second-quarter 2027, Western Digital forecast revenue of $5.1 billion, plus or minus $100 million, a range the company said implies year-over-year growth of 66% to 72%. It projected non-GAAP diluted EPS of $5.80, plus or minus 20 cents, and non-GAAP gross margin of 60% to 61%. The company provides its earnings guidance only on a non-GAAP basis.