# Western Digital Q1 2027 Earnings Call

> Western Digital reports 69% revenue growth for Q2 as AI data boom lifts EPS 161% to $4.64.
- Title: Western Digital Q1 2027 Earnings Call · BigGo Finance
- Summary: Western Digital reports 69% revenue growth for Q2 as AI data boom lifts EPS 161% to $4.64. Western Digital guided to 69% revenue growth in Q2 2027 with EPS…
- Keywords: western digital, q2 2027, revenue growth, ai data boom, eps, cloud storage, hamr, epmr, finance, markets, Western, Digital
- Source: BigGo Finance — https://finance.biggo.com/news/US_WDC_2026-10-22
- Author: BigGo Finance
- Published: 2026-10-22T22:54:22+00:00
- Read time: 1 min
- Topics: western digital, q2 2027, revenue growth, ai data boom, eps, cloud storage, hamr, epmr, finance, markets
## Q1 2027 Results
Western Digital delivered a blowout fiscal 2027 first quarter with revenue up 55% year-over-year to $4.4 billion.
## EPS and Margin Boost
EPS jumped 161% to $4.64, gross margin expanded 1,420 basis points to 58.1%.
## Q2 Revenue Guidance
Western Digital guided second-quarter revenue to $5.1 billion at the midpoint, a 69% year-over-year increase.
## EPS Guidance
EPS of $5.80 ± $0.20 with gross margin of 60%-61%.
## AI-Driven Demand
Management attributed strength to durable cloud and AI-driven demand, favorable pricing environment, and fast-ramping ePMR platform.
## Pricing Power
Average price per terabyte rose 28% year-over-year, accelerating from high-teens growth in the prior quarter.
## Cloud Revenue Surge
Cloud revenue, representing 88% of total revenue, rose 54% to $3.9 billion.
## Client Revenue Growth
Client revenue more than doubled to $320 million, a 119% year-over-year increase.
## Consumer Revenue Growth
Consumer revenue rose 19% to $193 million.
## ePMR Platform
Western Digital's ePMR platform delivers up to 40 terabytes and is ramping faster than any prior transition.
## HAMR Timeline
First-generation HAMR product completes qualifications with two hyperscale customers in Q1 2027, with volume shipments starting in H1 2027.
## Demand Visibility
CEO Irving Tan said visibility extends to 2030-2031 for top seven customers with increasing demand signals.
## Cost Per Terabyte
Cost per terabyte declined only 4%-5% in the September quarter, with management expecting less than 10% year-over-year decline.
## Dividend Increase
The board raised the quarterly dividend 17% to $0.175 per share, payable December 17, 2026.
## Key takeaway

Western Digital guided to 69% revenue growth in Q2 2027 with EPS rising 161% to $4.64 amid AI data demand.