Western Digital Corporation (WDC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WDC Revenue Growth
Revenue Breakdown (FY 2025)
WDC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WDC Revenue Analysis (2014–2025)
As of May 8, 2026, Western Digital Corporation (WDC) generated trailing twelve-month (TTM) revenue of $11.78 billion, reflecting explosive growth of +45.5% year-over-year. The most recent quarter (Q3 2026) recorded $3.34 billion in revenue, up 10.6% sequentially.
Looking at the longer-term picture, WDC's 5-year compound annual growth rate (CAGR) stands at -10.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $20.65 billion in 2018.
Revenue diversification analysis shows WDC's business is primarily driven by Cloud (88%), Retail Products (7%), and Client Devices (6%). With over half of revenue concentrated in Cloud, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including STX (+28.9% YoY), MU (+85.5% YoY), and SNDK (+89.0% YoY), WDC has underperformed the peer group in terms of revenue growth. Compare WDC vs STX →
WDC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WDCCurrent | $11.8B | +45.5% | -10.7% | 24.5% | |
 STX | $9.1B | +28.9% | -2.8% | 20.8% | |
 MU | $37.4B | +85.5% | +11.8% | 26.4% | |
 SNDK | $7.4B | +89.0% | - | -18.7% | |
 NTAP | $6.6B | +3.1% | +4.0% | 20.3% | |
 PSTG | $3.7B | +15.6% | +16.8% | 3.1% |
WDC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $9.52B | +50.7% | $3.69B | 38.8% | $2.33B | 24.5% |
| 2024 | $6.32B | +1.0% | $1.77B | 28.1% | $-403,000,000 | -6.4% |
| 2023 | $6.25B | -66.7% | $1.39B | 22.2% | $-548,000,000 | -8.8% |
| 2022 | $18.79B | +11.1% | $5.87B | 31.3% | $2.39B | 12.7% |
| 2021 | $16.92B | +1.1% | $4.52B | 26.7% | $1.22B | 7.2% |
| 2020 | $16.74B | +1.0% | $3.78B | 22.6% | $335.0M | 2.0% |
| 2019 | $16.57B | -19.8% | $3.75B | 22.6% | $87.0M | 0.5% |
| 2018 | $20.65B | +8.1% | $7.71B | 37.3% | $3.62B | 17.5% |
| 2017 | $19.09B | +46.9% | $6.07B | 31.8% | $1.95B | 10.2% |
| 2016 | $12.99B | -10.8% | $3.44B | 26.4% | $466.0M | 3.6% |
Full WDC Stock Analysis
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Start ComparisonWDC — Frequently Asked Questions
Quick answers to the most common questions about buying WDC stock.
Is WDC's revenue growth accelerating or slowing?
WDC revenue is accelerating at +45.5% year-over-year, exceeding the 5-year CAGR of -10.7%. TTM revenue reached $11.8B. Growth momentum has increased versus prior periods.
What is WDC's long-term revenue growth rate?
Western Digital Corporation's 5-year revenue CAGR of -10.7% reflects the sustained expansion pattern. Current YoY growth of +45.5% is above this long-term average.
How is WDC's revenue distributed by segment?
WDC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.