Cloud nearline HDDs (Ultrastar)
Cloud revenue rose 38% in fiscal 2026 and reached 89% of total sales.
The numbers
What it is
High-capacity enterprise drives for hyperscale and enterprise data centers, sold under the Ultrastar brand. Revenue depends on exabytes shipped and average selling price per exabyte, and both grew in fiscal 2026.
Why it matters to the stock. This is almost all of the company's revenue and profit. Exabyte growth, pricing and the capacity roadmap decide the stock's direction more than any other line.
News
WD releases IDC-sponsored AI data-growth study and previews storage demos
Western Digital issued a release citing an IDC white paper it sponsored, in which 61% of surveyed organizations reported data growth of 25% or more over the past year, attributed to AI.
WD declares $0.15 quarterly dividend, payable September 17, 2026
Western Digital's board declared a quarterly cash dividend of $0.15 per share with its fiscal fourth-quarter results.
WD raises quarterly dividend 20% to $0.15 per share
With its fiscal third-quarter results, Western Digital raised its quarterly cash dividend by 20% to $0.15 per share from $0.125.
WD guides fiscal Q3 2026 revenue to about $3.2 billion, up roughly 40%, with non-GAAP EPS of $2.30
The January 29 release guided fiscal third-quarter 2026 revenue to $3.2 billion, plus or minus $100 million, which is about 40% growth from a year earlier.