Western Digital Corp

WDC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Western Digital Earnings: Margins Breach 50% as HDD Structural Shift Accelerates

Eric Compton

May 1, 2026

Western Digital delivered another blowout quarter. Third-quarter revenue grew 45% year over year and non-GAAP gross margin exceeded 50% for the first time in company history. The company beat its own guidance, our expectations, and FactSet consensus.

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Western Digital Corp

Western Digital Earnings: Margins Breach 50% as HDD Structural Shift Accelerates

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