Western Digital beats Q1 fiscal 2027 estimates and raises dividend 17%
FROM THE WIRE · FINANCE.YAHOO.COM
Western Digital Corporation WDC reported first-quarter fiscal 2027 non-GAAP earnings of $4.64 per share, which surpassed the Zacks Consensus Estimate of $4.09. The bottom line increased 161% year over year and 30% sequentially, exceeding the high end of management's guidance of…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEarnings and revenue above consensus plus a higher dividend, a favorable result for the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Non-GAAP earnings were $4.64 per share versus the $4.09 consensus.
- 02Quarterly revenue reached $4.38 billion, above the $4.16 billion consensus.
- 03Western Digital shipped 248 exabytes, with nearline products as the main growth driver.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets