Western Digital Corp. (WDC) Tuesday reported fourth-quarter net income of $745 million or $2.87 per share, compared to $158 million or $0.67 per share last year.
Adjusted net income surged to $872 million or $3.35 per share from $193 million or $0.81 per share last year. On average, 20 analysts polled by Thomson Reuters expected earnings of $2.47 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter jumped to $4.75 billion from $2.40 billion last year. Analysts estimated revenues of $4.25 billion for the quarter.
Hard-drive shipments for the quarter rose to 71.0 million from 53.8 million hard drives shipped last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.