西部数据公司(Western Digital Corporation)(NASDAQ: WDC )第二季度利润和收入均超华尔 街预期，并预测第三季度业绩将强于预期，这得益于云客户扩大数据中心容量以支持人工智能工 作负载的需求。西部数据股价在盘后交易中上涨约2%。 这家数据存储制造商报告第二季度每股收益为2.13美元，超过分析师预期的1.91美元。收入增 至31亿美元，高于29.2亿美元的一致预期。 西部数据预测第三季度每股收益为2.15至2.45美元，而分析师预期为1.99美元。公司预计收入 为31亿至33亿美元，同样高于29.8亿美元的一致预期。 西部数据公司(Western Digital Corporation)(NASDAQ: WDC )第二季度利润和收入均超华尔街预期，并 预测第三季度业绩将强于预期，这得益于云客户扩大数据中心容量以支持人工智能工作负载的需求。西 部数据股价在盘后交易中上涨约2%。 西部数据股价在过去一年中上涨了约六倍，这得益于云客户在人工智能投资激增期间寻求扩大数 据中心建设的需求。包括微软和Meta在内的大型科技公司表示，他们计划今年继续大力投资数 这些业绩出现之际，西部数据受益 ...

Core Insights - Western Digital (WDC) reported quarterly earnings of $2.13 per share, exceeding the Zacks Consensus Estimate of $1.95 per share, and up from $1.77 per share a year ago [1] - The company achieved a revenue of $3.02 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.24%, but down from $4.29 billion year-over-year [3] Earnings Performance - The earnings surprise for the recent quarter was +9.34%, following a previous surprise of +11.95% when earnings were $1.78 per share against an expectation of $1.59 [2] - Over the last four quarters, Western Digital has consistently surpassed consensus EPS estimates [2] Stock Performance - Western Digital shares have increased approximately 62.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.9% [4] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for continued outperformance in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.94 on revenues of $2.93 billion, and for the current fiscal year, it is $7.78 on revenues of $11.88 billion [8] - The Computer-Storage Devices industry is currently ranked in the top 10% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [9] Related Industry Insights - Super Micro Computer (SMCI), another company in the same industry, is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year decline of -19.7%, with revenues projected at $10.44 billion, an increase of 84% from the previous year [10][11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2026 FORM 10-Q Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-8703 Registrant's telephone number, including area code: (408) 717-6000 Securities registered pursuant to Section 12(b) of the A ...

Financial Data and Key Metrics Changes - Revenue for the second quarter of fiscal 2026 was $3 billion, up 25% year-over-year, driven by strong demand for Nearline drives [12] - Earnings per share (EPS) was $2.13, an increase of 78% year-over-year, exceeding guidance [15] - Gross margin improved to 46.1%, up 770 basis points year-over-year and 220 basis points sequentially [13][14] - Operating income was slightly above $1 billion, translating into an operating margin of 33.8% [14] Business Line Data and Key Metrics Changes - Cloud segment represented 89% of total revenue at $2.7 billion, up 28% year-over-year [13] - Client segment accounted for 6% of total revenue at $176 million, up 26% year-over-year [13] - Consumer segment represented 5% of revenue at $168 million, down 3% year-over-year [13] Market Data and Key Metrics Changes - The company shipped over 3.5 million units of its latest generation ePMR products, offering capacities up to 32 TB [12][8] - The company delivered 215 exabytes (EB) to customers, up 22% year-over-year [12] Company Strategy and Development Direction - The company is focusing on AI and cloud storage solutions, emphasizing high-capacity drives and partnerships with hyperscale customers [7][9] - A strategic investment in Qolab was announced to advance next-generation nanofabrication processes [10] - The company is hosting an innovation day to share updated roadmaps for HAMR and ePMR products [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued demand for storage solutions driven by AI and cloud growth [5][6] - The company anticipates revenue for Q3 fiscal 2026 to be around $3.2 billion, reflecting approximately 40% year-over-year growth [17] - Management highlighted a stable pricing environment and ongoing cost reductions, projecting further gross margin expansion [22][23] Other Important Information - The company returned $1.4 billion to shareholders through share repurchases and dividends since the launch of its capital return program [16] - The board approved a quarterly cash dividend of $12.50 per share, payable on March 18, 2026 [16] Q&A Session Summary Question: Gross margin guidance and durability of incremental margin - Management confirmed a gross margin of 46.1% and guidance of 47%-48%, with incremental margins around 75% [20][22] Question: Purchase orders and pricing strategy - Management indicated strong demand and stable pricing, with long-term agreements in place with top customers [27][28] Question: Customer engagement and contracts - The company has developed a customer-centric approach, resulting in longer-term contracts and improved relationships with hyperscale customers [34] Question: UltraSMR mix and gross margins - Management noted an increasing mix of UltraSMR drives, which are beneficial for both customers and profitability [42][43] Question: Yields and reliability of products - Yields on ePMR products are in the low 90s%, with positive feedback on reliability from customers [46] Question: HAMR roadmap and investments - The company has pulled in the HAMR qualification timeline and expects it to be neutral to accretive to gross margins once ramped [55][77] Question: Revenue per exabyte and mix changes - Revenue per exabyte is driven by strong demand from the cloud segment, with stable pricing trends [81] Question: Cost reductions and future expectations - Current cost reductions are around 10% year-over-year, with potential for further reductions as higher capacity drives are adopted [87]

Financial Data and Key Metrics Changes - Revenue for the second quarter of fiscal 2026 was $3 billion, up 25% year-over-year, driven by strong demand for Nearline drives [12] - Earnings per share (EPS) was $2.13, an increase of 78% year-over-year [15] - Gross margin improved to 46.1%, up 770 basis points year-over-year and 220 basis points sequentially [13][14] - Operating income was slightly above $1 billion, translating into an operating margin of 33.8% [14] Business Line Data and Key Metrics Changes - Cloud segment represented 89% of total revenue at $2.7 billion, up 28% year-over-year [13] - Client segment accounted for 6% of total revenue at $176 million, up 26% year-over-year [13] - Consumer segment represented 5% of revenue at $168 million, down 3% year-over-year [13] Market Data and Key Metrics Changes - The company shipped over 3.5 million units of its latest generation ePMR products, offering capacities up to 32 TB [12][8] - The company delivered 215 exabytes (EB) to customers, up 22% year-over-year [12] Company Strategy and Development Direction - The company is focusing on AI and cloud storage solutions, emphasizing higher density storage to meet growing demand [7][9] - Strategic investments include a partnership with Qolab to advance next-generation nanofabrication processes [10] - The company is hosting an Innovation Day to share updated roadmaps for HAMR and ePMR products [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued demand for storage solutions driven by AI and cloud growth [5][6] - The company anticipates revenue for Q3 fiscal 2026 to be $3.2 billion, reflecting approximately 40% year-over-year growth [17] - Management expects gross margin to be between 47%-48% in the next quarter [17] Other Important Information - The company returned $1.4 billion to shareholders through share repurchases and dividends since the launch of its capital return program [16] - The board approved a quarterly cash dividend of $12.50 per share, payable on March 18, 2026 [16] Q&A Session Summary Question: Gross margin durability and cost curve - Management indicated that the gross margin is expected to maintain a high incremental margin flow-through, with cost per terabyte decreasing by about 10% year-over-year [19][20][22] Question: Purchase orders and pricing strategy - Management confirmed that they have firm purchase orders with top customers through 2026 and established long-term agreements (LTAs) for 2027 and 2028, reflecting the value delivered to customers [26][27] Question: Customer engagement and contracts - The company has developed a customer-centric approach, deepening relationships with hyperscale customers, resulting in longer-term contracts [34][35] Question: UltraSMR mix and gross margins - The UltraSMR mix has crossed 50% and is expected to increase, positively impacting gross margins due to its software-based nature [41][43] Question: Yields and reliability - Yields on ePMR products are in the low 90s%, with good feedback on reliability, contributing to cost reductions as yields improve [46] Question: HAMR roadmap and customer interest - The company has pulled in the HAMR qualification timeline and is starting qualifications with multiple hyperscale customers [64][74] Question: Investments related to HAMR - Ongoing investments in HAMR are expected to be neutral to accretive to gross margins once ramped up [55][77] Question: Revenue per exabyte and mix changes - Revenue per exabyte is driven by strong demand from the cloud segment, with stable pricing trends [80][82] Question: Cost reductions and future expectations - Current cost reductions are about 10% year-over-year, with potential for increases as higher capacity drives are adopted [86]

Financial Data and Key Metrics Changes - Revenue for Q2 2026 was $3 billion, up 25% year-over-year, driven by strong demand for Nearline drives [10] - Earnings per share (EPS) was $2.13, an increase of 78% year-over-year [12] - Gross margin improved to 46.1%, up 770 basis points year-over-year and 220 basis points sequentially [11] - Operating income was slightly above $1 billion, translating into an operating margin of 33.8% [11] - Operating cash flow for the quarter was $745 million, with capital expenditures of $92 million, resulting in free cash flow of $653 million [12] Business Line Data and Key Metrics Changes - Cloud segment represented 89% of total revenue at $2.7 billion, up 28% year-over-year [11] - Client segment accounted for 6% of total revenue at $176 million, up 26% year-over-year [11] - Consumer segment represented 5% of revenue at $168 million, down 3% year-over-year [11] Market Data and Key Metrics Changes - The company shipped over 3.5 million units of its latest generation ePMR products, offering capacities up to 32 TB [10][11] - The demand for higher capacity storage solutions is driven by the growth of AI and cloud technologies [5][6] Company Strategy and Development Direction - The company is focusing on increasing drive areal density and accelerating HAMR and ePMR roadmaps to meet customer demands [5][6] - A strategic investment in Qolab was announced to advance next-generation nanofabrication processes [9] - The company is hosting an innovation day to share updated roadmaps for HAMR and ePMR products [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for storage solutions driven by AI and cloud growth [4][5] - The company anticipates revenue for Q3 2026 to be $3.2 billion, reflecting approximately 40% year-over-year growth [14] - Gross margin is expected to be between 47%-48% for the next quarter [14] Other Important Information - The company returned $1.4 billion to shareholders through share repurchases and dividends since the launch of its capital return program [13] - A quarterly cash dividend of $12.50 per share was approved, payable on March 18, 2026 [13] Q&A Session Summary Question: Gross margin guidance and durability of incremental margin - Management confirmed a stable pricing environment and effective cost control, leading to an expected gross margin of 47%-48% [16][18] Question: Purchase orders and pricing strategy - Management highlighted the value delivered to customers and the stable pricing environment, allowing for better economics in long-term agreements [24][26] Question: Customer engagement and contracts - The company has developed a customer-centric approach, resulting in longer-term contracts and improved relationships with hyperscale customers [31][33] Question: UltraSMR mix and gross margins - The UltraSMR mix has crossed 50% and is expected to increase, positively impacting gross margins due to its software-based nature [38][40] Question: Yields and reliability of ePMR products - Yields on ePMR products are in the low 90s%, with positive feedback on reliability from customers [44] Question: HAMR roadmap and investments - The qualification process for HAMR has been pulled forward, with expectations of neutral to accretive gross margins once ramped [53][70] Question: Revenue per exabyte and mix changes - Revenue per exabyte is driven by strong demand from cloud customers, with stable pricing contributing to growth [78]

Core Insights - Western Digital forecasts third-quarter revenue above Wall Street estimates, indicating strong demand for hard drives and flash storage for AI servers driving growth [1] Company Summary - The company is experiencing increased demand for its products, particularly in the AI server market, which is expected to contribute significantly to revenue growth [1]

每经AI快讯，1月30日消息，西部数据第二财季营收30.2亿美元，同比增长25%；经调整每股收益2.13美 元，同比增长78%。西部数据盘后涨超2%。 ...

Core Insights - The data storage company reported a profit of $1.84 billion, which was significantly enhanced by the growth of artificial intelligence [1] Company Performance - The profit figure of $1.84 billion indicates a strong financial performance for the company, driven by advancements in artificial intelligence [1]

Q2FY26 Financial Results Western Digital January 29, 2026 2 WESTERN DIGITAL CORPORATION © 2026 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTS RESERVED Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal securities laws, including statements regarding expectations for: the company's business outlook and financial performance for the fiscal third quarter of 2026 and beyond, and demand and market conditions for our products and gr ...