# Western Digital Shares Fall 6.3% After Q1 Beat and Strong Outlook

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/38546
Published: 2026-10-23T01:18:23.000Z
Updated: 2026-10-23T01:18:23.000Z
Section: Investing

> Fiscal 2027 first-quarter revenue climbed 55% to $4.381 billion; the company forecast second-quarter revenue of $5 billion to $5.2 billion.

Western Digital shares fell 6.3% in after-hours trading at 8:54 p.m. ET Thursday (00:54 UTC Friday), reversing an initial gain despite quarterly results and an outlook that topped analyst expectations.

Revenue for fiscal 2027's first quarter reached $4.381 billion, up 55% from a year earlier and above analysts' $4.14 billion estimate. Non-GAAP earnings rose 161% to $4.64 per share, compared with an estimate of $4.11.

For the fiscal second quarter, Western Digital forecast adjusted earnings of $5.60 to $6 per share and revenue of $5 billion to $5.2 billion. Analysts had expected $4.84 per share and $4.57 billion in revenue.

The decline came as storage and AI-related stocks faced broader pressure, amid concern that large capital investments might not pay off in the near term.