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Western Digital quarterly revenue grows for third consecutive quarter
Monday, February 9, 2026 at 06:40 AM
Western Digital reports quarterly revenue growth for the third consecutive quarter, driven by demand in the storage market.
Context
Western Digital reported its third consecutive quarter of sequential revenue growth on January 29, 2026, with Q2 fiscal 2026 revenue reaching $3.02 billion, a 25% increase year-over-year. The company delivered a non-GAAP EPS of $2.13, significantly beating analyst estimates. This performance was primarily driven by the Cloud segment, which now accounts for 89% of total revenue as hyperscale customers rapidly expand storage infrastructure to support AI training and inferencing workloads.
The company shipped a record 215 exabytes of storage during the quarter and expects momentum to accelerate further. Guidance for Q3 fiscal 2026 projects revenue of $3.2 billion, representing a 40% year-over-year jump. Strategic roadmaps recently unveiled at the company’s Innovation Day highlight a shift toward AI-optimized hardware, including upcoming 40TB and 100TB drives. These growth prospects are supported by a newly expanded $6 billion share repurchase program, signaling strong confidence in long-term cash flow.
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