WDC Western Digital (WDC) Q4 FY26 earnings call
Western Digital delivered a strong Q4 FY26, capping an outstanding fiscal year, driven by robust demand from AI and core cloud services. The company is transitioning to a pure-play HDD focus, emphasizing innovation with its HAMR and ePMR product roadmap to meet growing storage needs. Management expressed high confidence in continued demand durability, sustained earnings growth, and strong free cash flow generation, positioning the company to capitalize on the compounding data creation driven by AI workloads.
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WDC operating KPIs by quarter
| KPI | Sep 2025 Q1 FY26 | Dec 2025 Q2 FY26 | Mar 2026 Q3 FY26 | Sep 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|
| ePMR product shipments | 2.2M+Shipments of our latest ePMR products offering up to 26 terabytes CMR and 32-terabyte UltraSMR capacities continue to grow at an impressive pace, surpassing 2.2 million units in the September quarter.Source: earnings call transcript | 3.5M+This last quarter, we shipped over 3.5 million units of our latest generation ePMR products, offering up to 26 terabyte CMR and 32 terabyte by UltraSMR capacities, representing strong confidence and adoption by our customers.Source: earnings call transcript | 4.1M+This includes over 4.1 million drives or 118 exabytes of our latest generation ePMR with capacity points up to 32-terabytes, demonstrating our ability to quickly ramp new technologies and products in support of strong customer demand growth.Source: earnings call transcript | — | — |
| Exabytes delivered | — | 215 exabytesWe delivered 215 exabytes to our customers, up 22% year-over-year.Source: earnings call transcript | 222 exabytesWe delivered 222 exabytes to our customers, up 34% year-over-year.Source: earnings call transcript | 248 exabytesWe delivered 248 exabytes in the quarter, up 22% year-over-year and up 8% sequentially.Source: earnings call transcript | +11.7% |
| Exabytes delivered ePMR | — | 103 exabytesThis includes over 3.5 million drives or 103 exabytes of our latest generation ePMR with capacity points up to 32 terabytes.Source: earnings call transcript | 118 exabytesThis includes over 4.1 million drives or 118 exabytes of our latest generation ePMR with capacity points up to 32-terabytes, demonstrating our ability to quickly ramp new technologies and products in support of strong customer demand growth.Source: earnings call transcript | — | +14.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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