Western Digital Corporation(WDC)Earnings, Financials & Key Ratios

WDC•NASDAQ

$465.26

$157.74B mkt cap·90.9× P/E·Price updated May 6, 2026

SectorTechnology IndustryComputer Hardware Sub-IndustryData Center Compute and Storage

AboutWestern Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.Show more

Revenue$9.52B+50.7%
EBITDA$2.79B+1587.9%
Net Income$1.86B+333.2%
EPS (Diluted)5.12+296.2%
Gross Margin38.78%+38.2%
EBITDA Margin29.25%+1020.0%
Operating Margin24.52%+484.3%
Net Margin19.55%+254.7%
ROE23.08%+414.9%
ROIC13.8%+887.7%
Debt/Equity0.96+32.3%
Interest Coverage4.17+630.6%

Analysis→Technical→

WDC Key Insights

Western Digital Corporation (WDC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Momentum leader: RS Rating 98 (top 2%)
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 0.4%
✗Sales declining 10.7% over 5 years
✗Shares diluted 10.1% in last year
✗Expensive at 31.4x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

WDC Price & Volume

Western Digital Corporation (WDC) stock price & volume — 10-year historical chart

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WDC Growth Metrics

Western Digital Corporation (WDC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-4.17%

5 Years-10.67%

3 Years-20.28%

TTM9.1%

Profit CAGR

10 Years2.42%

5 Years-

3 Years6.38%

TTM293.09%

EPS CAGR

10 Years-1.86%

5 Years-

3 Years2.53%

TTM280.65%

Return on Capital

10 Years5.6%

5 Years5.93%

3 Years4.2%

Last Year17.49%

WDC Recent Earnings

Western Digital Corporation (WDC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

Apr 30, 2026

EPS

$2.72

Est $2.39

+13.8%

Revenue

$3.3B

Est $3.2B

+2.8%

Q1 2026

Jan 29, 2026

EPS

$2.13

Est $1.93

+10.4%

Revenue

$3.0B

Est $2.9B

+3.0%

Q4 2025

Oct 30, 2025

EPS

$1.78

Est $1.59

+11.9%

Revenue

$2.8B

Est $2.7B

+3.2%

Q3 2025

Jul 30, 2025

EPS

$1.66

Est $1.48

+12.2%

Revenue

$2.6B

Est $2.5B

+5.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$2.72vs $2.39+13.8%	$3.3Bvs $3.2B+2.8%
Q1 2026	Jan 29, 2026	$2.13vs $1.93+10.4%	$3.0Bvs $2.9B+3.0%
Q4 2025	Oct 30, 2025	$1.78vs $1.59+11.9%	$2.8Bvs $2.7B+3.2%
Q3 2025	Jul 30, 2025	$1.66vs $1.48+12.2%	$2.6Bvs $2.5B+5.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
STXSeagate Technology Holdings plcDirect Competitor	168.14B	771.01	113.89	38.86%	21.6%	9.16%	0.49%
MUMicron Technology, Inc.Direct Competitor	722.43B	640.45	84.38	48.85%	41.49%	40.84%	0.23%	0.28
SNDKSandisk CorporationDirect Competitor	207.57B	1406.32	-124.23		34.16%	43.43%		0.22
NTAPNetApp, Inc.Product Competitor	22.6B	114.14	20.13	4.85%	18.07%	104.66%	5.92%	3.36
PSTGPure Storage, Inc.Product Competitor	21.99B	66.97	142.49	15.61%	5.14%	13.02%	2.8%	0.15
STECSantech Holdings LimitedProduct Competitor	1.06B	12.60	1.52	7.71%	5.75%	10.73%	47.6%	0.15
AMATApplied Materials, Inc.Supply Chain	325.78B	410.82	47.44	4.39%	24.67%	34.28%	1.75%	0.32
LRCXLam Research CorporationSupply Chain	344.41B	275.80	66.46	23.68%	30.94%	65.79%	1.57%	0.48

Compare WDC vs Peers

Western Digital Corporation (WDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs STX

Most directly comparable listed peer for WDC.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare WDC against a more recognizable public peer.

Peer Set

Compare Top 5

vs STX, MU, SNDK, NTAP

WDC Income Statement

Western Digital Corporation (WDC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Jun'17	Jun'18	Jun'19	Jul'20	Jul'21	Jul'22	Jun'23	Jun'24	Jun'25	TTM
Sales/Revenue	19.09B	20.65B	16.57B	16.74B	16.92B	18.79B	6.25B	6.32B	9.52B	11.78B
Revenue Growth %	46.94%	8.14%	-19.75%	1.01%	1.11%	11.06%	-66.72%	0.99%	50.7%	9.1%
Cost of Goods Sold	13.02B	12.94B	12.82B	12.96B	12.4B	12.92B	4.86B	4.54B	5.83B	6.43B
COGS % of Revenue	68.2%	62.68%	77.36%	77.41%	73.28%	68.74%	77.76%	71.93%	61.22%	-
Gross Profit	6.07B▲ 0%	7.71B▲ 26.9%	3.75B▼ 51.3%	3.78B▲ 0.8%	4.52B▲ 19.6%	5.87B▲ 29.9%	1.39B▼ 76.3%	1.77B▲ 27.5%	3.69B▲ 108.2%	5.35B▲ 0%
Gross Margin %	31.8%	37.32%	22.64%	22.59%	26.72%	31.26%	22.24%	28.07%	38.78%	45.43%
Gross Profit Growth %	76.77%	26.89%	-51.3%	0.77%	19.57%	29.93%	-76.32%	27.46%	108.23%	-
Operating Expenses	4.12B	4.09B	3.67B	3.45B	3.3B	3.48B	1.94B	2.18B	1.36B	1.73B
OpEx % of Revenue	21.57%	19.8%	22.12%	20.59%	19.51%	18.53%	31%	34.45%	14.26%	-
Selling, General & Admin	1.45B	1.47B	1.32B	1.15B	1.1B	1.12B	807M	726M	568M	537M
SG&A % of Revenue	7.57%	7.13%	7.95%	6.89%	6.53%	5.94%	12.9%	11.49%	5.97%	-
Research & Development	2.44B	2.4B	2.18B	2.26B	2.24B	2.32B	986M	950M	994M	1.14B
R&D % of Revenue	12.78%	11.62%	13.17%	13.51%	13.25%	12.36%	15.76%	15.04%	10.44%	-
Other Operating Expenses	232M	215M	166M	32M	-47M	43M	146M	500M	-204M	3M
Operating Income	1.95B▲ 0%	3.62B▲ 85.1%	87M▼ 97.6%	335M▲ 285.1%	1.22B▲ 264.2%	2.39B▲ 96.0%	-548M▼ 122.9%	-403M▲ 26.5%	2.33B▲ 679.2%	3.63B▲ 0%
Operating Margin %	10.23%	17.52%	0.53%	2%	7.21%	12.72%	-8.76%	-6.38%	24.52%	30.78%
Operating Income Growth %	319.31%	85.11%	-97.59%	285.06%	264.18%	95.98%	-122.92%	26.46%	679.16%	-
EBITDA	4.08B	5.67B	1.9B	1.9B	2.43B	3.32B	280M	165M	2.79B	3.99B
EBITDA Margin %	21.38%	27.48%	11.46%	11.36%	14.37%	17.67%	4.48%	2.61%	29.25%	33.85%
EBITDA Growth %	151.98%	38.98%	-66.53%	0.11%	27.93%	36.51%	-91.57%	-41.07%	1587.88%	37.96%
D&A (Non-Cash Add-back)	2.13B	2.06B	1.81B	1.57B	1.21B	929M	828M	568M	451M	362M
EBIT	1.62B	2.76B	182M	367M	1.25B	2.48B	-539M	-325M	1.49B	4.97B
Net Interest Income	-821M	-616M	-412M	-385M	-319M	-298M	-291M	-381M	-312M	390M
Interest Income	26M	60M	57M	28M	7M	6M	19M	33M	45M	577M
Interest Expense	847M	676M	469M	413M	326M	304M	310M	414M	357M	187M
Other Income/Expense	-1.19B	-1.53B	-374M	-381M	-293M	-220M	-301M	-336M	-1.2B	3.38B
Pretax Income	769M▲ 0%	2.08B▲ 171.1%	-287M▼ 113.8%	-46M▲ 84.0%	927M▲ 2115.2%	2.17B▲ 134.2%	-849M▼ 139.1%	-739M▲ 13.0%	1.13B▲ 252.9%	7B▲ 0%
Pretax Margin %	4.03%	10.1%	-1.73%	-0.27%	5.48%	11.55%	-13.57%	-11.7%	11.87%	59.48%
Income Tax	372M	1.41B	467M	204M	106M	625M	53M	26M	-513M	524M
Effective Tax Rate %	48.37%	67.63%	-162.72%	-443.48%	11.43%	28.79%	-6.24%	-3.52%	-45.4%	7.48%
Net Income	397M▲ 0%	675M▲ 70.0%	-754M▼ 211.7%	-250M▲ 66.8%	821M▲ 428.4%	1.55B▲ 88.3%	-1.68B▼ 208.9%	-798M▲ 52.6%	1.86B▲ 333.2%	6.49B▲ 0%
Net Margin %	2.08%	3.27%	-4.55%	-1.49%	4.85%	8.23%	-26.92%	-12.63%	19.55%	55.07%
Net Income Growth %	64.05%	70.03%	-211.7%	66.84%	428.4%	88.31%	-208.93%	52.61%	333.21%	293.09%
Net Income (Continuing)	397M	675M	-754M	-250M	821M	1.55B	-902M	-765M	1.64B	6.48B
Discontinued Operations	0	0	0	0	0	0	-782M	-33M	246M	1000K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.34▲ 0%	2.20▲ 64.2%	-2.58▼ 217.3%	-0.84▲ 67.4%	2.66▲ 416.7%	4.75▲ 78.6%	-5.37▼ 213.1%	-2.61▲ 51.4%	5.12▲ 296.2%	17.25▲ 0%
EPS Growth %	34%	64.18%	-217.27%	67.44%	416.67%	78.57%	-213.05%	51.4%	296.17%	280.65%
EPS (Basic)	1.38	2.27	-2.58	-0.84	2.69	4.81	-5.37	-2.61	5.31	-
Diluted Shares Outstanding	296M	307M	292M	298M	309M	316M	318M	326M	359M	376M
Basic Shares Outstanding	288M	297M	292M	298M	305M	312M	318M	326M	347M	345M
Dividend Payout Ratio	144.58%	87.85%	-	-	-	-	-	-	2.36%	-

WDC Balance Sheet

Western Digital Corporation (WDC) balance sheet — assets, liabilities & shareholders' equity

Line item	Jun'17	Jun'18	Jun'19	Jul'20	Jul'21	Jul'22	Jun'23	Jun'24	Jun'25	TTM
Total Current Assets	11.06B	10.64B	8.48B	9.05B	9.76B	9.45B	7.89B	8.06B	5.86B	6.91B
Cash & Short-Term Investments	6.35B	5B	3.46B	3.05B	3.37B	2.33B	2.02B	1.55B	2.47B	2.05B
Cash Only	6.35B	5B	3.46B	3.05B	3.37B	2.33B	2.02B	1.55B	2.11B	2.05B
Short-Term Investments	0	0	0	0	0	0	0	0	354M	0
Accounts Receivable	1.95B	2.2B	1.2B	2.38B	2.26B	2.8B	1.6B	1.23B	1.49B	1.89B
Days Sales Outstanding	37.24	38.84	26.52	51.88	48.68	54.46	93.25	71.13	56.97	49.74
Inventory	2.34B	2.94B	3.28B	3.07B	3.62B	3.64B	3.7B	1.39B	1.29B	1.36B
Days Inventory Outstanding	65.62	83.03	93.49	86.5	106.43	102.78	277.5	111.41	80.85	76.53
Other Current Assets	413M	492M	535M	551M	514M	684M	567M	3.89B	611M	1.61B
Total Non-Current Assets	18.8B	18.6B	17.89B	16.61B	16.38B	16.81B	16.66B	16.13B	8.15B	8.13B
Property, Plant & Equipment	3.03B	3.1B	2.84B	2.85B	3.19B	3.67B	3.62B	2.36B	2.34B	2.42B
Fixed Asset Turnover	6.30x	6.67x	5.83x	5.86x	5.31x	5.12x	1.73x	2.68x	4.06x	4.98x
Goodwill	10.01B	10.07B	10.08B	10.07B	10.07B	10.04B	10.04B	4.32B	4.32B	4.32B
Intangible Assets	3.82B	2.68B	1.71B	941M	442M	213M	80M	72M	0	0
Long-Term Investments	0	0	0	0	1.59B	1.4B	1.41B	0	0	0
Other Non-Current Assets	1.93B	2.75B	3.26B	2.75B	1.09B	1.49B	1.51B	9.22B	477M	3.74B
Total Assets	29.86B▲ 0%	29.23B▼ 2.1%	26.37B▼ 9.8%	25.66B▼ 2.7%	26.13B▲ 1.8%	26.26B▲ 0.5%	24.55B▼ 6.5%	24.19B▼ 1.5%	14B▼ 42.1%	15.04B▲ 0%
Asset Turnover	0.64x	0.71x	0.63x	0.65x	0.65x	0.72x	0.25x	0.26x	0.68x	0.80x
Asset Growth %	-9.14%	-2.09%	-9.8%	-2.68%	1.83%	0.49%	-6.52%	-1.46%	-42.11%	-130.9%
Total Current Liabilities	4.34B	4.46B	3.82B	4.41B	4.87B	5.24B	5.43B	6.09B	5.42B	4.64B
Accounts Payable	2.35B	2.52B	1.9B	2.35B	2.33B	2.22B	1.58B	1.05B	1.27B	1.59B
Days Payables Outstanding	65.87	71.18	54.05	66.27	68.64	62.78	118.94	84.66	79.29	83.53
Short-Term Debt	233M	179M	276M	286M	251M	40M	1.25B	1.78B	2.26B	1.58B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	506M	479M	347M	472M	634M	1.59B	1.25B	1.73B	376M	1.47B
Current Ratio	2.55x	2.39x	2.22x	2.05x	2.00x	1.81x	1.45x	1.32x	1.08x	1.08x
Quick Ratio	2.01x	1.73x	1.36x	1.36x	1.26x	1.11x	0.77x	1.10x	0.84x	0.84x
Cash Conversion Cycle	36.99	50.68	65.96	72.11	86.47	94.47	251.81	97.88	58.54	42.74
Total Non-Current Liabilities	14.1B	13.25B	12.59B	11.71B	10.54B	8.8B	8.15B	7.28B	3.27B	728M
Long-Term Debt	12.92B	10.99B	10.25B	9.29B	8.47B	7.3B	6.98B	5.91B	2.71B	0
Capital Lease Obligations	0	0	0	0	0	277M	244M	133M	110M	213M
Deferred Tax Liabilities	0	0	0	0	0	477M	408M	443M	163M	356M
Other Non-Current Liabilities	1.18B	2.25B	2.34B	2.42B	2.07B	748M	519M	794M	286M	2B
Total Liabilities	18.44B	17.7B	16.4B	16.11B	15.41B	14.04B	13.58B	13.37B	8.69B	5.37B
Total Debt	13.15B	11.17B	10.52B	9.57B	8.72B	7.62B	8.47B	7.82B	5.08B	1.58B
Net Debt	6.8B	6.17B	7.07B	6.53B	5.36B	5.29B	6.45B	6.27B	2.97B	-469M
Debt / Equity	1.15x	0.97x	1.06x	1.00x	0.81x	0.62x	0.77x	0.72x	0.96x	0.96x
Debt / EBITDA	3.22x	1.97x	5.54x	5.04x	3.59x	2.29x	30.26x	47.42x	1.82x	0.40x
Net Debt / EBITDA	1.67x	1.09x	3.72x	3.43x	2.20x	1.59x	23.04x	38.02x	1.07x	1.07x
Interest Coverage	1.91x	4.08x	0.39x	0.89x	3.84x	8.14x	-1.74x	-0.79x	4.17x	26.57x
Total Equity	11.42B▲ 0%	11.53B▲ 1.0%	9.97B▼ 13.6%	9.55B▼ 4.2%	10.72B▲ 12.3%	12.22B▲ 14.0%	10.96B▼ 10.3%	10.82B▼ 1.3%	5.31B▼ 50.9%	9.68B▲ 0%
Equity Growth %	2.45%	0.99%	-13.56%	-4.17%	12.25%	13.99%	-10.29%	-1.33%	-50.91%	-52.78%
Book Value per Share	38.57	37.56	34.13	32.05	34.70	38.67	34.48	33.18	14.79	25.74
Total Shareholders' Equity	11.42B	11.53B	9.97B	9.55B	10.72B	12.22B	10.96B	10.82B	5.31B	9.68B
Common Stock	3M	3M	3M	3M	3M	3M	3M	3M	3M	0
Retained Earnings	8.63B	8.76B	7.45B	6.72B	7.54B	9.04B	7.57B	6.78B	762M	0
Treasury Stock	-1.67B	-1.44B	-1.27B	-737M	-232M	0	0	0	-95M	0
Accumulated OCI	-58M	-39M	-68M	-157M	-197M	-554M	-548M	-712M	20M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

WDC Cash Flow Statement

Western Digital Corporation (WDC) cash flow — operating, investing & free cash flow history

Line item	Jun'17	Jun'18	Jun'19	Jul'20	Jul'21	Jul'22	Jun'23	Jun'24	Jun'25	TTM
Cash from Operations	3.44B	4.21B	1.55B	824M	1.9B	1.88B	-408M	-294M	1.69B	1.69B
Operating CF Margin %	18%	20.37%	9.34%	4.92%	11.22%	10%	-6.52%	-4.65%	17.76%	-
Operating CF Growth %	73.32%	22.35%	-63.21%	-46.74%	130.34%	-0.95%	-121.7%	27.94%	675.17%	2186.22%
Net Income	397M	675M	-754M	-250M	821M	1.55B	-1.68B	-798M	1.89B	6.49B
Depreciation & Amortization	2.13B	2.06B	1.81B	1.57B	1.21B	929M	828M	568M	451M	362M
Stock-Based Compensation	394M	377M	306M	308M	318M	326M	318M	295M	265M	204M
Deferred Taxes	12M	-348M	374M	-82M	-242M	116M	-48M	-161M	-745M	68M
Other Non-Cash Items	415M	959M	69M	39M	-36M	38M	86M	109M	862M	-3.61B
Working Capital Changes	91M	486M	-260M	-757M	-175M	-1.07B	92M	-307M	-1.03B	-248M
Change in Receivables	-487M	-244M	993M	-1.18B	121M	-546M	1.21B	-568M	79M	-425M
Change in Inventory	-204M	-598M	-339M	200M	-546M	-22M	-60M	356M	-409M	-44M
Change in Payables	261M	38M	-516M	267M	2M	-207M	-487M	265M	268M	255M
Cash from Investing	-636M	-1.66B	-1.27B	278M	-765M	-1.19B	-762M	-27M	150M	-388M
Capital Expenditures	-578M	-835M	-876M	-647M	-1.15B	-1.12B	-821M	-487M	-412M	-381M
CapEx % of Revenue	3.03%	4.04%	5.29%	3.87%	6.77%	5.97%	13.13%	7.71%	4.33%	-
Acquisitions	-20M	-100M	0	-22M	0	32M	0	0	401M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-236M	-716M	-479M	931M	374M	-76M	28M	460M	161M	-7M
Cash from Financing	-4.59B	-3.9B	-1.83B	-1.51B	-817M	-1.72B	875M	187M	-1.61B	-4.33B
Debt Issued (Net)	-4.28B	-2.73B	-681M	-982M	-886M	-1.73B	-19M	391M	56M	-1.9B
Equity Issued (Net)	296M	-371M	-560M	69M	78M	32M	974M	80M	-72M	-2.06B
Dividends Paid	-574M	-593M	-584M	-595M	0	0	0	0	-44M	-174M
Share Repurchases	0	-591M	-563M	0	0	0	0	0	-149M	-2.07B
Other Financing	-36M	-202M	-4M	0	-9M	-23M	-80M	-284M	-1.55B	-190M
Net Change in Cash	-1.8B▲ 0%	-1.35B▲ 24.9%	-1.55B▼ 14.9%	-407M▲ 73.7%	322M▲ 179.1%	-1.04B▼ 423.9%	-304M▲ 70.9%	-472M▼ 55.3%	563M▲ 219.3%	-1.43B▲ 0%
Free Cash Flow	2.88B▲ 0%	3.4B▲ 17.9%	790M▼ 76.7%	177M▼ 77.6%	895M▲ 405.6%	773M▼ 13.6%	-1.22B▼ 257.2%	-781M▲ 35.7%	1.28B▲ 264.4%	2.9B▲ 0%
FCF Margin %	15.08%	16.45%	4.77%	1.06%	5.29%	4.11%	-19.42%	-12.36%	13.49%	24.67%
FCF Growth %	105.86%	17.92%	-76.74%	-77.59%	405.65%	-13.63%	-257.18%	35.72%	264.4%	240.16%
FCF per Share	9.73	11.06	2.71	0.59	2.90	2.45	-3.82	-2.40	3.58	3.58
FCF Conversion (FCF/Net Income)	8.66x	6.23x	-2.05x	-3.30x	2.31x	1.22x	0.24x	0.37x	0.91x	0.45x
Interest Paid	777M	708M	431M	372M	283M	245M	294M	396M	367M	176M
Taxes Paid	184M	220M	377M	341M	348M	423M	177M	920M	789M	-316M

WDC Key Ratios

Western Digital Corporation (WDC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	3.52%	5.88%	-7.01%	-2.56%	8.1%	13.48%	-14.53%	-7.33%	23.08%	91.94%
Return on Invested Capital (ROIC)	7.67%	15.11%	0.38%	1.52%	5.69%	10.68%	-2.35%	-1.75%	13.8%	13.8%
Gross Margin	31.8%	37.32%	22.64%	22.59%	26.72%	31.26%	22.24%	28.07%	38.78%	45.43%
Net Margin	2.08%	3.27%	-4.55%	-1.49%	4.85%	8.23%	-26.92%	-12.63%	19.55%	55.07%
Debt / Equity	1.15x	0.97x	1.06x	1.00x	0.81x	0.62x	0.77x	0.72x	0.96x	0.96x
Interest Coverage	1.91x	4.08x	0.39x	0.89x	3.84x	8.14x	-1.74x	-0.79x	4.17x	26.57x
FCF Conversion	8.66x	6.23x	-2.05x	-3.30x	2.31x	1.22x	0.24x	0.37x	0.91x	0.45x
Revenue Growth	46.94%	8.14%	-19.75%	1.01%	1.11%	11.06%	-66.72%	0.99%	50.7%	9.1%

WDC SEC Filings & Documents

Western Digital Corporation (WDC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

FY 2025

Aug 14, 2025·SEC

10-Q Quarterly Reports

FY 2026

Jan 30, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

May 2, 2025·SEC

WDC Frequently Asked Questions

Western Digital Corporation (WDC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Western Digital Corporation (WDC) reported $11.78B in revenue for fiscal year 2025. This represents a 311% increase from $2.87B in 1996.

Western Digital Corporation (WDC) grew revenue by 50.7% over the past year. This is strong growth.

Yes, Western Digital Corporation (WDC) is profitable, generating $6.49B in net income for fiscal year 2025 (19.5% net margin).

Dividend & Returns

Western Digital Corporation (WDC) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Western Digital Corporation (WDC) has a return on equity (ROE) of 23.1%. This is excellent, indicating efficient use of shareholder capital.

Western Digital Corporation (WDC) generated $2.90B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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