Western Digital Corporation entered fiscal 2027 with stronger cash generation and a net cash position after a year of significant shareholder returns. In fiscal 2026, operating cash flow reached $3.93 billion, up 132% year over year, while free cash flow rose 145% to $3.51 billion, with revenues of $12.9 billion and a free cash flow margin of about 27%. The company returned $3.1 billion to shareholders through dividends and share repurchases, including $1 billion in buybacks and $54 million in dividends in the fiscal fourth quarter. Management reaffirmed its commitment to returning free cash flow to shareholders and declared a 15-cents-per-share dividend payable September 17, 2026. For the first quarter of fiscal 2027, Western Digital expects revenue of $4.1 billion, plus or minus $100 million, and non-GAAP EPS of $4.00, plus or minus 15 cents.
Western Digital CorporationStrong cash flow and shareholder returns, with reaffirmed buybacks and dividends.
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