WDC Bets on Sustained AI Growth With Higher Shareholder Returns

Key Takeaways WDC reported Q1 fiscal 2026 revenues up 27% to $2.8B, with non-GAAP operating income jumping 110% YoY.WDC generated $599M in Q1 cash flow, supported by margin expansion to 30.4% and disciplined $73M capex.WDC returned $553M via buybacks and raised its dividend 25%, underscoring confidence in AI-led demand.Western Digital Corporation’s (WDC) expanded capital allocation plans underscore management’s increasing confidence in the AI-driven data storage cycle.WDC’s focus on innovation and operation ...