Western Digital posts 45% revenue surge as pure-play HDD firm, retires $2.4B debt via Sandisk

Filed May 1, 2026 · Period ending April 3, 2026 · ~1 min read

Key Changes

• high

  Revenue jumped 45% year-over-year to drive 50.2% gross margin; cloud segment now 89% of sales, fueled by AI-driven demand for high-capacity enterprise drives and improved pricing power across all markets.

  MD&A: Revenue and Margin Performance verify on EDGAR →
• high

  Company monetized retained Sandisk shares through tax-free exchanges to retire ~$2.4B in debt since June 2025, including full redemption of senior notes; 1.7M shares remain for year-end monetization.

  MD&A: Business Separation and Sandisk Share Monetization verify on EDGAR →
• high

  Recorded $2.73B unrealized gain on Sandisk stake (vs. $606M loss prior year), driving $3.2B quarterly net income; gain reflects Sandisk stock appreciation but is non-cash and subject to mark-to-market volatility.

  MD&A: Sandisk Share Mark-to-Market Gain verify on EDGAR →