Summary:

• Revenue of $3.34 billion, up 45% YoY
• GAAP gross margin of 50.2%; non-GAAP gross margin of 50.5%
• GAAP diluted EPS of $8.20; non-GAAP diluted EPS of $2.72
• Cash flow from operations of $1.12 billion; free cash flow of $978 million
• Q4FY26 revenue expected to be up 36% to 44% YoY
• Q4FY26 non-GAAP gross margin expected to be in the range of 51% to 52%

Q3FY26 Financial Highlights

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Business Outlook for Fiscal Fourth Quarter of 2026
“Our business continues to strengthen with visibility extending as we continue to build momentum across all our end markets, driven by innovation, strong customer engagements, and disciplined execution. We have also strengthened our balance sheet while deploying our robust free cash flow to drive shareholder returns,” said Kris Sennesael, CFO, WD. “For our fiscal fourth quarter of 2026, at the mid-point of the ranges provided in the table below, we expect revenues of $3.65 billion, non-GAAP gross margin of 51.5%, with non-GAAP EPS of $3.25.”

⁽¹⁾ We provide earnings guidance only on a non-GAAP basis because certain information necessary to reconcile such guidance to GAAP is difficult to estimate or cannot be allocated or quantified with certainty and is dependent on future events outside of our control. Please refer to the section titled “Non-GAAP Guidance” under “Discussion Regarding the Use of Non-GAAP Financial Measures” in this press release for additional information regarding the non-GAAP measures, including quantification of known expected adjustment items.

Dividend
WD’s Board of Directors declared a cash dividend of $0.15 per share of the company’s common stock, which will be paid on June 17, 2026 to stockholders of record as of the close of business on June 5, 2026.