Intelligence Feed event · Equity · 2026-09-09

    Western Digital Generates $3.51B FY26 FCF, Guides Q1 FY27 Non-GAAP EPS of $4.00

    Question

    Western Digital Generates $3.51B FY26 FCF, Guides Q1 FY27 Non-GAAP EPS of $4.00

    Direct answer

    Western Digital completed fiscal 2026 with $3.51 billion in free cash flow and moved into a net cash position of $500 million, returning $3.1 billion to shareholders via repurchases and dividends. First-quarter fiscal 2027 guidance projects revenue of $4.1 billion and non-GAAP EPS of $4.00. The cash generation profile underscores cyclical recovery and tight pricing in mass-capacity hard disk drives and enterprise flash storage supporting cloud datacenter installations.

    Original publisher
    Market Ontology
    Evidence through
    2026-09-09
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Western Digital Generates $3.51B FY26 FCF, Guides Q1 FY27 Non-GAAP EPS of $4.00”, revision 1, evidence through 2026-09-09. https://marketontology.com/market-events/2026-09-09/western-digital-generates-3-51b-fy26-fcf-guides-q1-fy27-non-gaap-eps-of-4-00-d68760

    EQUITY
    Western Digital Generates $3.51B FY26 FCF, Guides Q1 FY27 Non-GAAP EPS of $4.00
    Western Digital completed fiscal 2026 with $3.51 billion in free cash flow and moved into a net cash position of $500 million, returning $3.1 billion to shareholders via repurchases and dividends. First-quarter fiscal 2027 guidance projects revenue of $4.1 billion and non-GAAP EPS of $4.00. The cash generation profile underscores cyclical recovery and tight pricing in mass-capacity hard disk drives and enterprise flash storage supporting cloud datacenter installations.
    WDCSTX
    Impact
    68
    SEP 9
    SIG
    84%
    WDCSTX
    Western Digital Generates $3.51B FY26 FCF, Guides Q1 FY27 Non-GAAP EPS of $4.00
    Western Digital completed fiscal 2026 with $3.51 billion in free cash flow and moved into a net cash position of $500 million, returning $3.1 billion to shareholders via repurchases and dividends. First-quarter fiscal 2027 guidance projects revenue of $4.1 billion and non-GAAP EPS of $4.00. The cash generation profile underscores cyclical recovery and tight pricing in mass-capacity hard disk drives and enterprise flash storage supporting cloud datacenter installations.
    → Enterprise high-capacity storage demand tightens NAND and HDD balance sheets, expanding cash conversion ratios and equity repurchases.
    Impact
    Western Digital completed fiscal 2026 with $3.51 billion in free cash flow and moved into a net cash position of $500 million, returning $3.1 billion to shareholders via repurchases and dividends. First-quarter fiscal 2027 guidance projects revenue of $4.1 billion and non-GAAP EPS of $4.00. The cash generation profile underscores cyclical recovery and tight pricing in mass-capacity hard disk drives and enterprise flash storage supporting cloud datacenter installations.
    Affected
    WDCSTX
    Transmission
    Enterprise high-capacity storage demand tightens NAND and HDD balance sheets, expanding cash conversion ratios and equity repurchases.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    WDCfree cash flow conversion funding continuous share repurchasesUp1-4wSource reports $3.51B FY26 FCF, $3.1B returned to shareholders, and Q1 EPS guidance of $4.00.
    STXenterprise storage pricing discipline across HDD duopolyUp1-4wDirect peer in enterprise storage and cloud hard disk drives.

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    What happened next

    AssetCallBase close+1 day+5 days+20 days
    WDCUpdisagreed482.28 2026-09-09-4.43%-13.54%-15.94%

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

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