Every material Form 8-K Western Digital has filed with the SEC since January 16, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Western Digital reported fiscal first quarter 2027 revenue of $4.38 billion, up 55% from a year earlier, and non-GAAP diluted EPS of $4.64, up 161%. GAAP diluted EPS was $4.63, down 44% from the prior quarter, which included a large Sandisk-related gain, and the company also raised its quarterly dividend 17% to $0.175 per share.
Q1 fiscal 2027 revenue $4.38 billion, up 55% year over year; GAAP gross margin 57.8%, non-GAAP 58.1%
GAAP diluted EPS $4.63 versus $3.07 a year earlier; non-GAAP diluted EPS $4.64 versus $1.78
Guidance for fiscal Q2 2027 at midpoint: revenue $5.1 billion (plus or minus $100 million) and non-GAAP diluted EPS $5.80 (plus or minus $0.20)
Quarterly cash dividend raised to $0.175 per share, payable December 17, 2026, to holders of record on December 4, 2026
Western Digital reported fiscal fourth-quarter 2026 revenue of $3.75 billion, up 44% from a year earlier, and non-GAAP diluted EPS of $3.56, up from $1.70. GAAP diluted EPS was $8.21, which included a $2.05 billion gain on its retained interest in Sandisk. The company guided fiscal first-quarter 2027 revenue to $4.1 billion ±$100 million and non-GAAP diluted EPS to $4.00 ±$0.15.
Q4 FY26 revenue was $3,747 million, up 44% year over year and up 12% from Q3 FY26
GAAP diluted EPS was $8.21 versus $0.67 a year earlier; non-GAAP diluted EPS was $3.56 versus $1.70
Western Digital appointed Manuvir Das, a former NVIDIA, Dell EMC and Microsoft executive, to its board of directors effective May 26, 2026. He also joined the Audit Committee, and the board now has nine directors, eight of whom are external and independent.
Board appointment made May 26, 2026 and serves until the next annual stockholder meeting
Das was also appointed to the Audit Committee of the Board
Das is currently an Operating Partner at Stonepeak Partners LP, a role he assumed in April 2025
Board now comprises nine directors, eight external and independent
Western Digital reported fiscal third-quarter 2026 revenue of $3.34 billion, up 45% from a year earlier, with GAAP diluted EPS of $8.20 versus $2.11. GAAP results include a $2.7 billion gain on its retained Sandisk interest, while non-GAAP diluted EPS was $2.72, up 97%. The company also guided fiscal fourth-quarter revenue to $3.65 billion, plus or minus $100 million, and raised its quarterly dividend 20% to $0.15 per share.
Q3 FY26 revenue $3.34 billion, up 45% year over year; GAAP gross margin 50.2%, non-GAAP 50.5%
GAAP diluted EPS $8.20 vs $2.11 a year earlier; non-GAAP diluted EPS $2.72 vs $1.38
Western Digital reported fiscal second quarter 2026 revenue of $3.02 billion, up 25% from a year earlier, with non-GAAP diluted EPS of $2.13 versus $1.20. GAAP diluted EPS of $4.73 included a $1.1 billion gain on the company's retained interest in Sandisk, which the company excludes from its non-GAAP results. For fiscal third quarter 2026, the company expects revenue of $3.2 billion and non-GAAP diluted EPS of $2.30 at the mid-point of its ranges.
Q2 revenue of $3.02 billion, up 25% year over year; non-GAAP gross margin 46.1%
Non-GAAP diluted EPS of $2.13 versus $1.20 a year earlier; GAAP diluted EPS of $4.73 versus $1.27
Q3 guidance at mid-point: revenue of $3.2 billion and non-GAAP diluted EPS of $2.30; quarterly dividend of $0.125 payable March 18, 2026
At its November 20, 2025 annual meeting, Western Digital stockholders elected eight directors, approved an advisory vote on executive pay, approved an 8 million share increase to the employee stock purchase plan, and ratified KPMG LLP as auditor for fiscal 2026. The filing reports votes on these matters but no change in directors or officers, and the ESPP increase adds shares that could be issued to employees under the plan.
Annual meeting held November 20, 2025; ESPP share reserve increased by 8 million shares
ESPP approved by stockholders; Board had approved the plan on August 27, 2025
Say-on-pay advisory vote: 251,110,723 for and 15,038,884 against
KPMG LLP ratified as independent registered public accounting firm for fiscal 2026 with 287,281,853 votes for
Western Digital appointed Brad Feller as Senior Vice President and Chief Accounting Officer, succeeding Gene M. Zamiska, with Feller also becoming principal accounting officer on November 14, 2025. The filing describes a routine finance leadership change with compensation terms, including a $425,000 base salary and sign-on equity, that are modest relative to the company's size and do not indicate a change in financial results.
Brad Feller, 51, takes the role effective November 14, 2025, succeeding Gene M. Zamiska
Compensation includes a $425,000 annual base salary and a 75% target short-term bonus
Sign-on RSU award with a $1,500,000 grant date value; a $300,000 signing bonus is subject to repayment if employment ends within two years
Western Digital reported fiscal first quarter 2026 revenue of $2.82 billion, up 27% from a year earlier, with non-GAAP diluted EPS of $1.78 versus $0.75 a year earlier. GAAP diluted EPS was $3.07, which includes a $611 million gain on the company's retained interest in Sandisk. The board raised the quarterly dividend 25% to $0.125 per share and guided fiscal second quarter revenue to $2.9 billion at the mid-point.
Q1 FY26 revenue was $2.82 billion, up 27% year over year, and non-GAAP operating margin was 30.4%.
GAAP diluted EPS was $3.07 and non-GAAP diluted EPS was $1.78, compared with $0.42 and $0.75 a year earlier.
Q2 FY26 guidance at the mid-point: revenue of $2.9 billion (plus or minus $100 million) and non-GAAP diluted EPS of $1.88 (plus or minus $0.15).
Quarterly cash dividend increased 25% to $0.125 per share, payable December 18, 2025 to holders of record on December 4, 2025.
Western Digital reported fiscal fourth quarter 2025 revenue of $2.61 billion, up 30% from a year earlier, with GAAP diluted EPS of $0.67 and non-GAAP diluted EPS of $1.66. The company guided fiscal first quarter 2026 revenue to a $2.7 billion midpoint and non-GAAP diluted EPS to $1.54, and it announced a $2.0 billion share repurchase program and a $0.10 quarterly dividend.
Q4 FY25 revenue of $2.61 billion, up 30% year over year; GAAP operating income of $680 million
GAAP diluted EPS of $0.67 and non-GAAP diluted EPS of $1.66 for the quarter
Q1 FY26 guidance: revenue of $2.7 billion at the midpoint and non-GAAP diluted EPS of $1.54 at the midpoint
Board declared a $0.10 per share cash dividend payable September 18, 2025, and a $2.0 billion share repurchase program was authorized
Western Digital's board appointed Kris Sennesael as executive vice president and chief financial officer, effective May 12, 2025, and he will become the principal financial officer on that date. He will report to CEO Irving Tan and lead the global finance organization, and his pay package includes a $10,000,000 sign-on equity award that vests through 2028.
Sennesael was CFO of Skyworks Solutions from 2016 to May 2025, and previously was CFO of Enphase Energy and Standard Microsystems.
Annual base salary of $715,000, with a target short-term bonus of 100% of base salary and a $2,000,000 signing bonus subject to repayment if he leaves before the two-year anniversary of payment.
Sign-on equity award with a grant date value of $10,000,000, 80% in RSUs and 20% in PSUs; RSUs vest from November 2025 through May 2028.
Western Digital reported fiscal third-quarter 2025 revenue of $2.29 billion, down 5% from the prior quarter but up 31% from a year earlier, with GAAP earnings per share of $2.11 and non-GAAP EPS of $1.36. The company guided fiscal fourth-quarter revenue to $2.45 billion plus or minus $150 million and non-GAAP EPS to $1.45 plus or minus $0.20, both above third-quarter levels, and its board adopted a quarterly cash dividend program of $0.10 per share.
Q3 revenue was $2.29 billion, down 5% sequentially and up 31% year over year; Cloud revenue was $2.0 billion.
GAAP EPS was $2.11 versus $1.27 in the prior quarter; non-GAAP EPS was $1.36 versus $1.18.
Q4 guidance: revenue of $2.45 billion plus or minus $150 million and non-GAAP EPS of $1.45 plus or minus $0.20.
Board declared a $0.10 per share cash dividend, payable June 18, 2025 to holders of record as of June 4, 2025.
Western Digital completed the planned separation of its flash business into Sandisk, announced in a February 24, 2025 press release, after signing separation agreements with Sandisk on February 21, 2025. The filing also reports a February 2025 amendment to the company's loan agreement that cut the revolving credit commitments from $2.25 billion to $1.25 billion, and leadership changes that include a new interim CFO and a new board chair.
Separation agreements with Sandisk, including a Separation and Distribution Agreement and a Transition Services Agreement, were signed February 21, 2025.
Revolving credit facility commitments were reduced from $2.25 billion to $1.25 billion on February 21, 2025.
CFO Wissam Jabre serves until February 28, 2025; Don Bennett becomes interim CFO effective February 28, 2025.
Martin Cole was appointed Board Chair, succeeding Matthew Massengill.
Western Digital's board appointed Don R. Bennett as Interim Chief Financial Officer, effective February 28, 2025, when Wissam G. Jabre ceases to hold the role. Bennett will also take over as principal financial officer, and he currently leads finance for the company's hard disk drive business.
Don R. Bennett, 55, appointed Interim CFO by the board on January 30, 2025, effective February 28, 2025.
Bennett has been SVP, Finance, and CFO of the HDD business since November 2020 and joined the company in 1995.
Temporary annual base salary of $525,000 and a target short-term incentive of 120% of base salary, through three months after he leaves the interim role.
Western Digital said CEO David Goeckeler will resign, effective upon completion of the spin-off of its flash business, and Irving Tan, currently Executive Vice President of Global Operations, will succeed him as CEO. Goeckeler and two other directors will also leave the board to join Sandisk Corporation, the flash business that will become an independent public company.
Irving Tan will become CEO, succeeding David V. Goeckeler, effective upon completion of the Spin-Off; the board made the appointment on January 25, 2025.
Tan's base salary will rise to $1,000,000, with a short-term incentive target of 150% of base salary.
Tan will receive a promotion equity award with a grant date value of $6,500,000, and his fiscal 2026 annual LTI award is expected to increase to $11,500,000.
Directors David V. Goeckeler, Thomas Caulfield and Miyuki Suzuki will resign from the board effective with the Spin-Off, and Tan, Bruce Kiddoo and Roxanne Oulman will join it.
Western Digital reported fiscal second quarter 2025 revenue of $4.29 billion, up 5% from the prior quarter and 41% from a year earlier, with GAAP diluted earnings per share of $1.63 compared with a loss of $0.93 a year earlier. The company guided fiscal third quarter revenue to $3.75 billion to $3.95 billion and non-GAAP EPS to $0.90 to $1.20, below the second quarter's $1.77 non-GAAP EPS, which matters to shareholders because the outlook points to lower results ahead while the company finalizes the separation of its HDD and Flash businesses.
Q2 revenue was $4.29 billion, up 5% sequentially and 41% year over year; Cloud revenue was $2.3 billion, up 6% sequentially.
Q2 GAAP diluted EPS was $1.63 and non-GAAP EPS was $1.77; GAAP gross margin fell to 35.4% from 37.9% in Q1.
Q3 fiscal 2025 guidance: revenue of $3.75 billion to $3.95 billion and non-GAAP diluted EPS of $0.90 to $1.20.
Operating cash inflow was $403 million, and the company ended the quarter with $2.29 billion in cash and cash equivalents.
Western Digital said preliminary second-quarter revenue is expected at the midpoint of its $4.20 billion to $4.40 billion guidance, while non-GAAP diluted EPS is expected at the low end of its $1.75 to $2.05 range, citing a more challenging pricing environment in its flash business. Executive Vice President and CFO Wissam Jabre will resign effective February 28, 2025, when the company expects to complete the separation of its flash business, and the company has started a search for the hard disk drive business CFO role.
Q2 revenue (quarter ended December 27, 2024) is expected at the midpoint of the $4.20 billion to $4.40 billion guidance issued October 24, 2024.
Non-GAAP diluted EPS is expected at the lower end of the $1.75 to $2.05 guidance range, due to a more challenging pricing environment in the flash business.
The figures are preliminary and may change after financial closing procedures and auditor review; a GAAP reconciliation was not provided.
CFO Wissam Jabre notified the company on January 10, 2025 that he will not continue as CFO of the hard disk drive business; he resigns effective February 28, 2025.
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