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business4h ago
Western Digital Corp 3Q 2026: Revenue $3.34B, EPS $8.2— 10-Q Summary
- Western Digital reported Q3 2026 revenue of $3.34 billion and diluted EPS of $8.20.
- The results were helped by strong exabyte demand and higher average selling prices.
- Cloud and enterprise HDD shipments expanded relative to the prior year quarter.
- Cloud customers now represent 89% of Western Digital's revenue.
- Newer HDD products helped improve gross margins.
- The company scaled operations with higher shipments and inventory reductions.
- R&D investment rose to advance the HDD roadmap.
- Realignment charges supported standalone HDD operational efficiency.
- The results reflect broader demand in data centers and enterprise storage.
- The company warned that the summary reflects an AI-generated brief with potential inaccuracies.
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