Form 10-Q · Quarterly report
Western Digital 10-Q, filed Oct 23, 2026
- Filed
- CIK
- 0000106040
- Accession no.
- 0001628280-26-066933
Summary
Western Digital reported net revenue of $4.38 billion for the quarter ended October 2, 2026, up 55% from a year earlier, and net income of $1.78 billion, up 51%, driven by 54% growth in cloud revenue on higher storage demand tied to AI.
Key points
- Net revenue rose to $4.381 billion from $2.818 billion; net income rose to $1.779 billion from $1.182 billion.
- Cloud revenue increased 54% and represented 88% of total revenue, with exabytes shipped up more than 20% and average selling price per exabyte up about 25%.
- Client revenue rose 119% and consumer revenue rose 19%.
- Operating cash flow was $1.604 billion versus $672 million, and the top 10 customers accounted for 64% of net revenue, down from 73%.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Results of Operations First Quarter Overview The following table sets forth, for the periods presented, selected summary information from our Condensed Consolidated Statements of Income by dollars and percentage of net revenue(1): Three Months Ended October 2, 2026 October 3, 2025 $ Change % Change ($ in millions) Revenue, net $ 4,381 100.0 % $ 2,818 100.0 % $ 1,563 55 % Cost of revenue 1,847 42.2 1,591 56.5 256 16 Gross profit 2,534 57.8 1,227 43.5 1,307 107 Operating expenses: Research and development 283 6.5 294 10.4 (11) (4) Selling, general and administrative 162 3.7 138 4.9 24 17 Business realignment charges 43 1.0 3 0.1 40 1,333 Total operating…
An excerpt of the text as filed with the SEC, cut for length.
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