Western Digital recorded $4.38 billion in fiscal first-quarter revenue, up 55% year over year, and forecast $5.0–5.2 billion next quarter.

Western Digital, identified as WDC in the report, recorded fiscal first-quarter net revenue of $4.38 billion, compared with analyst expectations of $4.15 billion. Adjusted earnings per share were $4.64, above the reported $4.10 consensus.

Management forecast fiscal second-quarter revenue of $5.0–5.2 billion, representing 66%–72% year-over-year growth, against analyst expectations of $4.82 billion. It also projected adjusted earnings per share of $5.60–$6.00 and operating expenses of $400–410 million.

In separate management commentary, Western Digital forecast an average capital-expenditure-to-revenue ratio of 4%–6% over the next five years. Spending over the next two years was expected to be moderately above that range, and management reported stronger demand beyond cloud and hyperscale customers, including enterprise environments and newer end markets.

A supplied news roundup also reports a 17% increase in the quarterly dividend, without providing the resulting per-share amount. The revenue and earnings figures are reported results, while the next-quarter outlook and multiyear capital-spending ratios remain management forecasts.