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Western Digital's Q1 revenue surged 55% year-over-year, with core customer orders booked until 2030, and HAMR hard drives entering mass production in the first half of next year.
Western Digital announced its Q1 FY2027 earnings, with revenue of $4.381 billion, a 55% year-over-year increase, exceeding analyst expectations. During the conference call, company management revealed that, driven by AI-powered data storage demand, order visibility from its top seven core customers now extends to 2030-2031. Additionally, the first generation of HAMR (Heat-Assisted Magnetic Recording) hard drives is scheduled to begin mass shipments in the first half of 2027, with the average price per TB increasing by 28% year-over-year. The company emphasized that it will meet long-term demand by advancing technology rather than blindly expanding production capacity.
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