Western Digital Corporation Q3 FY2026 Financial Results

Western Digital Corporation announced its financial results for the fiscal third quarter ended April 3, 2026. The company reported significant year-over-year growth, with revenue reaching $3.34 billion, a 45% increase. GAAP gross margin was 50.2%, and non-GAAP gross margin was 50.5%. GAAP diluted earnings per share (EPS) was $8.20, while non-GAAP diluted EPS was $2.72. The company generated $1.12 billion in cash flow from operations and $978 million in free cash flow. For the fiscal fourth quarter of 2026, Western Digital expects revenue to increase by 36% to 44% year-over-year and anticipates a non-GAAP gross margin between 51% and 52%. The CEO highlighted strong performance across all end markets and a 20% increase in the quarterly cash dividend to $0.15 per share, attributing growth drivers to the increasing data storage needs of AI workloads. The company also reported a net income of $3.205 billion for the quarter. Despite a decrease in total liabilities from $8.462 billion to $5.365 billion, shareholders' equity increased from $5.311 billion to $9.680 billion.