Western Digital

Q4 FY2026 EarningsFY26 Q4 results beat consensus across most financial metrics: revenue reached $12.92B vs. $12.87B expected, and gross margin improved to 48.9% vs. 48.3% expected. GAAP EPS of $24.28 significantly outperformed the $19.76 consensus, primarily driven by a one-time, non-cash mark-to-market gain of $6.50B on the retained interest in Sandisk. Cloud revenue grew 38% YoY to $11.49B, now representing 89% of total sales, while aggressive capital allocation resulted in $2.59B of share repurchases during the quarter.