Earnings·October 22, 2026 at 4:22 PM EDT·2 sources
Western Digital Profit Grows on Data Storage Demand
WDC -3.0%
WDC · last 30 trading days-9.2% since the news
News
What happened
- Western Digital reported a fiscal first-quarter profit of $1.78 billion, driven by continued data-storage demand and improved pricing.
- The company forecast better-than-expected earnings and raised its dividend, citing storage demand fueled by artificial intelligence.
Fiscal first-quarter profit
$1.78 billion
Why it matters
The results and outlook indicate sustained storage demand and pricing strength, relevant to technology investors and corporate-finance professionals assessing earnings and market positioning.
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Timeline
- EarlierOct 22Western Digital Corp.: Results of operations
- First reported by The Wall Street JournalOct 22Western Digital Profit Grows on Data Storage Demand
- Bloomberg reportsOct 22Western Digital Gives Solid Outlook, Hikes Dividend on AI Demand
Sources (2)
- The Wall Street JournalOct 22Western Digital Profit Grows on Data Storage Demand
- BloombergOct 22Western Digital Gives Solid Outlook, Hikes Dividend on AI Demand
Related
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