Short answer
Western Digital (WDC) filed its Q1 2026 10-Q quarterly report on Jan 30, 2026 for the quarter ended Jan 2, 2026. Quarterly revenue was $3.0B (down 29.6% year over year) with net income of $1.8B.
Q1 2026 key financials · XBRL
- Revenue
- $3.0B
- −29.6% YoY · +7.1% QoQ
- Net income
- $1.8B
- +210.1% YoY · +55.8% QoQ
- Operating margin
- 30.1%
- Gross margin
- 45.7%
- EPS (diluted)
- $4.75
- +191.4% YoY · +54.7% QoQ
Source: XBRL data from the Western Digital (WDC) Q1 2026 10-Q on SEC EDGAR. USD.
Western Digital Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3.02B, up 25% YoY from $2.41B; driven by 22% growth in exabytes sold and 2% ASP increase
- Gross margin 45.7% vs 37.7% YoY; gross profit increased $473M due to improved pricing and lower cost structure
- Cloud segment best performer: revenue $2.67B, up 28%; Consumer worst: revenue down 3% YoY
- Operating income margin 30.1% vs 23.2% YoY; operating expenses 15.6% of revenue vs 14.4% prior year
- Operating cash flow $1.42B for 6 months; share repurchases $1.17B; net cash down $139M; $1.1B unrealized gain on Sandisk stake boosted income
- Management optimistic on cloud demand, AI-driven growth; monitoring tariff uncertainties; expects modest R&D increase; dividend declared $0.125/share post-quarter
Risk Factors
- No newly added risk factors this quarter; section states no material changes from 2025 10-K
- Most significant carried-forward risk: market demand volatility impacting revenue and profitability
- Regulatory compliance risk: ongoing adherence to export control and trade sanctions laws remains critical
- Operational risk: supply chain disruptions could adversely affect product availability and costs
- Financial risk: exposure to currency fluctuations affecting international sales and expenses
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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