Financial Performance Highlights - Revenue reached $2.8 billion, exceeding the high end of guidance[5] - Non-GAAP gross margin was 43.9%, a year-over-year increase of 660 basis points[5, 10] - Non-GAAP operating margin was 30.4%, a year-over-year increase of 1200 basis points[5, 10] - Non-GAAP EPS was $1.78, also above the high end of guidance[5] - Cash flow from operations was $672 million[5] - Free cash flow was $599 million[5] Capital Allocation - Share repurchases increased to $553 million[5] - Dividend increased to $0.125 per share[5] Revenue Breakdown - Cloud revenue was $2.51 billion in Q1FY26[13] - Total revenue in Q1FY26 was $2.818 billion, a 27% increase year-over-year[10, 13] Q2FY26 Guidance (Non-GAAP) - Revenue is expected to be $2.9 billion, plus or minus $100 million[11] - Diluted EPS is projected at $1.88, plus or minus $0.15[11]
Western Digital(WDC) - 2026 Q1 - Earnings Call Presentation