Western Digital Forecasts 55% Revenue Growth, Raises Dividend on AI Storage Surge

Western Digital posted record fiscal Q1 2027 results, with revenue jumping 55% year-over-year to $4.38 billion and non-GAAP earnings per share surging 161% to $4.64, driven by surging demand for data storage to power artificial intelligence applications. The company's board approved a 17% increase in the quarterly dividend to $0.175 per share, effective December 2026, signaling confidence in sustained growth.