Western Digital Corporation (WDC.US) Fiscal Year 2026 Fourth Quarter Earnings Conference Call
Live time: Aug 5, 2026 20:30 UTC
Western Digital Corporation (WDC.US) Fiscal Year 2026 Fourth Quarter Earnings Conference Call
Live time: 08/05/2026 20:30:00 UTC
西部数据公司 (WDC.US) 2026 财年第四季度业绩电话会
Summary
00:38
Opening Remarks by Ambrish Srivastava
Vice President of Investor Relations, Ambrish Srivastava, welcomed participants to Western Digital's FY2026 Q4 earnings call and introduced CEO Irving Tan and CFO Chris Senesow. He provided disclaimers regarding forward-looking statements and non-GAAP financial measures.
02:50
CEO Irving Tan FY2026 Business Overview
CEO Irving Tan discussed Western Digital's 36% annual revenue growth in FY2026, doubling EPS, generating $5B in free cash flow, and achieving net positive cash position. He emphasized strong demand for storage amid AI and cloud growth, supported by innovative products and technology roadmap.
03:51
CEO Irving Tan on AI Driving Storage Demand
Irving Tan highlighted the role of AI and cloud services in driving storage demand, pointing out AI's need for accumulating and managing large data sets efficiently. He emphasized structural drivers like Agentic AI, Physical AI, and synthetic data's impact on expanding storage requirements.
10:14
CFO Chris Senesow FY2026 Financial Results
CFO Chris Senesow reported FY2026 revenue of $12.9B (+36% YoY), EPS of $10.22 (+100% YoY), and free cash flow generation of $3.5B. He detailed Q4 highlights including $3.75B revenue (+44% YoY), 54.4% gross margin, and 44.2% operating margin. Exabyte shipments reached 231EB (+22% YoY).
16:15
CFO Chris Senesow FY2027 Q1 Outlook
Chris Senesow provided FY2027 Q1 guidance with expected revenue of $4.1B (+45% YoY), gross margin of 55%-56%, operating costs of $390M-$400M, and expected EPS of $4.00. He reiterated confidence in AI, cloud growth, and Exabyte storage demand expansion.
17:38
Q&A Session — Analyst: C.J. Muse (Cantor Fitzgerald)
Irving Tan explained factors contributing to short-term gross margin fluctuations, citing long-term agreements and platform transitions. He expressed confidence in 40TB EPMR and 44TB HAMR product launches to drive margin improvements and grow high-capacity storage adoption.
20:25
Q&A Follow-up — Analyst: Amit Darianni (Evercore)
Chris Senesow confirmed Exabyte growth of 25%+ annually, driven by higher-capacity drives like 40TB EPMR and 44TB HAMR products expected to accelerate growth rates. He added that per-TB costs are anticipated to decline 10% annually due to technology advancements.
31:41
Q&A Session — Analyst: Krish Sankar (TD Cowen)
Irving Tan emphasized long-term agreements (LTA) providing pricing predictability and strong customer visibility into 2029-2031. He noted non-Nearline areas may see faster pricing growth due to flash replacement dynamics.
45:17
Closing Remarks by Irving Tan
Irving Tan reflected on FY2026 achievements and outlined growth opportunities for Western Digital in AI, cloud, and higher-capacity storage. He thanked the WD team and investors for their support.
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