WDC · Western Digital Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.34B | $3.02B | $2.82B | $4.29B | $2.29B | $4.09B | $3.03B | $3.46B | $2.75B | $3.11B |
| Cost of Revenue | $1.66B | $1.64B | $1.59B | $2.77B | $1.38B | $2.54B | $2.54B | $2.46B | $2.65B | $2.58B |
| Gross Profit | $1.68B | $1.38B | $1.23B | $1.52B | $912.00M | $1.55B | $492.00M | $1.00B | $99.00M | $528.00M |
| R&D | $294.00M | $289.00M | $294.00M | $502.00M | $245.00M | $519.00M | $444.00M | $494.00M | $431.00M | $523.00M |
| SG&A | $147.00M | $128.00M | $138.00M | $238.00M | $108.00M | $242.00M | $198.00M | $203.00M | $207.00M | $250.00M |
| Total Operating Expenses | $486.00M | $472.00M | $435.00M | $664.00M | $152.00M | $809.00M | $702.00M | $728.00M | $695.00M | $849.00M |
| D&A | - | - | $88.00M | - | - | $135.00M | - | - | $147.00M | - |
| Operating Income | $1.19B | $908.00M | $792.00M | $852.00M | $760.00M | $742.00M | ($210.00M) | $273.00M | ($596.00M) | ($321.00M) |
| Interest Expense | $38.00M | $54.00M | $59.00M | $95.00M | $91.00M | $98.00M | $108.00M | $108.00M | $98.00M | $73.00M |
| Income Tax | $154.00M | $120.00M | $155.00M | $147.00M | ($698.00M) | $135.00M | $28.00M | $43.00M | $3.00M | $61.00M |
| Net Income | $3.21B | $1.84B | $1.18B | $594.00M | $520.00M | $493.00M | ($287.00M) | $135.00M | ($685.00M) | ($446.00M) |
| EPS - Basic | $9.26 | $5.27 | $3.34 | $1.68 | $1.46 | $1.06 | ($0.70) | $0.26 | ($1.64) | ($1.06) |
| EPS - Diluted | $8.20 | $4.73 | $3.07 | $1.63 | $1.42 | $1.02 | ($0.70) | $0.26 | ($1.64) | ($1.06) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.05B | $1.98B | $2.05B | $2.11B | $3.48B | $1.71B | $1.88B | $1.89B | $2.03B | $2.02B |
| Accounts Receivable | $1.89B | $1.69B | $1.35B | $1.49B | $1.47B | $2.46B | $2.17B | $1.80B | $1.45B | $1.60B |
| Inventory | $1.36B | $1.35B | $1.39B | $1.29B | $1.31B | $3.38B | $3.34B | $3.21B | $3.50B | $3.70B |
| Accounts Payable | $1.59B | $1.50B | $1.53B | $1.27B | - | - | $1.05B | - | - | $1.19B |
| Current Assets | $6.91B | $7.53B | $6.28B | $5.86B | $8.09B | $8.94B | $8.06B | $7.53B | $7.58B | $7.89B |
| Total Assets | $15.04B | $15.61B | $14.36B | $14.00B | $16.37B | $24.77B | $24.19B | $23.80B | $24.00B | $24.43B |
| Current Liabilities | $4.64B | $5.18B | $5.17B | $5.42B | $5.18B | $6.09B | $6.09B | $4.05B | $5.79B | $5.43B |
| Long-term Debt | $0 | $2.43B | $2.46B | $2.48B | $4.91B | $5.65B | $5.68B | $7.32B | $5.82B | $5.86B |
| Total Liabilities | $5.37B | $8.27B | $8.24B | $8.46B | $10.96B | $12.90B | $13.14B | $12.80B | $13.01B | $12.71B |
| Stockholders' Equity | $9.68B | $7.11B | $5.89B | $5.31B | $5.18B | $11.64B | $10.82B | $10.12B | $10.11B | $10.85B |
| Retained Earnings | $6.86B | $3.70B | $1.90B | $762.00M | $521.00M | $7.27B | $6.78B | $6.74B | $6.74B | $7.42B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $672.00M | - | - | $34.00M | - | - | ($626.00M) | - |
| Investing Cash Flow | - | - | ($57.00M) | - | - | ($45.00M) | - | - | $84.00M | - |
| Financing Cash Flow | - | - | ($678.00M) | - | - | ($102.00M) | - | - | $554.00M | - |
| CapEx | - | - | $73.00M | - | - | $96.00M | - | - | $124.00M | - |
| Free Cash Flow | - | - | $599.00M | - | - | ($62.00M) | - | - | ($750.00M) | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 50.2% | 45.7% | 43.5% | 35.4% | 39.8% | 37.9% | 16.2% | 29.0% | 3.6% | 17.0% |
| Operating margin | 35.7% | 30.1% | 28.1% | 19.9% | 33.1% | 18.1% | -6.9% | 7.9% | -21.7% | -10.3% |
| EBITDA margin | - | - | 31.2% | - | - | 21.4% | - | - | -16.3% | - |
| Net margin | 96.0% | 61.1% | 41.9% | 13.9% | 22.7% | 12.0% | -9.5% | 3.9% | -24.9% | -14.4% |
| Free cash flow margin | - | - | 21.3% | - | - | -1.5% | - | - | -27.3% | - |
| FCF / Net income | - | - | 0.51 | - | - | -0.13 | - | - | 1.09 | - |
| R&D / Revenue | 8.8% | 9.6% | 10.4% | 11.7% | 10.7% | 12.7% | 14.6% | 14.3% | 15.7% | 16.8% |
| SG&A / Revenue | 4.4% | 4.2% | 4.9% | 5.6% | 4.7% | 5.9% | 6.5% | 5.9% | 7.5% | 8.0% |
| Effective tax rate | 4.6% | 6.1% | 11.6% | 19.8% | - | 21.5% | - | 24.2% | - | - |
| Return on assets | 21.3% | 11.8% | 8.2% | 4.2% | 3.2% | 2.0% | -1.2% | 0.6% | -2.9% | -1.8% |
| Return on equity | 33.1% | 25.9% | 20.1% | 11.2% | 10.0% | 4.2% | -2.7% | 1.3% | -6.8% | -4.1% |
| Return on invested capital | 11.7% | 8.9% | 8.4% | 8.8% | 6.0% | 3.4% | -1.0% | 1.2% | -3.0% | -1.5% |
| Liquidity | ||||||||||
| Current ratio | 1.49 | 1.45 | 1.21 | 1.08 | 1.56 | 1.47 | 1.32 | 1.86 | 1.31 | 1.45 |
| Quick ratio | 1.20 | 1.19 | 0.94 | 0.84 | 1.31 | 0.91 | 0.78 | 1.07 | 0.70 | 0.77 |
| Cash ratio | 0.44 | 0.38 | 0.40 | 0.39 | 0.67 | 0.28 | 0.31 | 0.47 | 0.35 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.34 | 0.42 | 0.47 | 0.95 | 0.49 | 0.53 | 0.72 | 0.58 | 0.54 |
| Debt / Assets | 0.00 | 0.16 | 0.17 | 0.18 | 0.30 | 0.23 | 0.23 | 0.31 | 0.24 | 0.24 |
| Debt / EBITDA | - | - | 2.79 | - | - | 6.44 | - | - | - | - |
| Interest coverage | 31.3x | 16.8x | 13.4x | 9.0x | 8.4x | 7.6x | -1.9x | 2.5x | -6.1x | -4.4x |
| Equity multiplier | 1.55 | 2.20 | 2.44 | 2.64 | 3.16 | 2.13 | 2.24 | 2.35 | 2.37 | 2.25 |
| Liabilities / Assets | 0.36 | 0.53 | 0.57 | 0.60 | 0.67 | 0.52 | 0.54 | 0.54 | 0.54 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | 0.19 | 0.20 | 0.31 | 0.14 | 0.17 | 0.13 | 0.15 | 0.11 | 0.13 |
| Inventory turnover | 1.22 | 1.21 | 1.14 | 2.14 | 1.05 | 0.75 | 0.76 | 0.76 | 0.76 | 0.70 |
| Days sales outstanding | 207d | 204d | 176d | 127d | 234d | 219d | 261d | 190d | 193d | 188d |
| Days inventory outstanding | 298d | 301d | 320d | 170d | 346d | 486d | 480d | 478d | 481d | 523d |
| Days payable outstanding | 349d | 334d | 352d | 167d | - | - | 151d | - | - | 169d |
| Cash conversion cycle | 157d | 171d | 143d | 130d | - | - | 590d | - | - | 542d |
| Valuation | ||||||||||
| P / E | 36.0x | 39.7x | 42.8x | 38.8x | 28.6x | 51.4x | - | 200.7x | - | - |
| P / B | 11.8x | 10.1x | 8.4x | 4.3x | 2.8x | 1.6x | 1.7x | 1.7x | 1.1x | 0.8x |
| P / S | 34.2x | 23.7x | 17.5x | 5.3x | 6.3x | 4.6x | 6.1x | 5.0x | 4.1x | 2.9x |
| EV / EBITDA | - | - | 56.6x | - | - | 25.9x | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 45.5% | -29.6% | -31.2% | 41.3% | -33.6% | 48.9% | -2.4% | 23.3% | -26.4% | -35.7% |
| Revenue CAGR (3y) | 6.0% | -1.0% | -9.0% | -3.9% | -19.4% | -6.8% | -8.4% | -5.8% | -11.2% | -9.8% |
| Revenue CAGR (5y) | -4.2% | -5.2% | -6.4% | 0.2% | -11.3% | 0.3% | -6.5% | -1.2% | -11.9% | - |
| Gross profit growth (YoY) | 83.8% | -9.0% | -20.9% | 208.1% | -8.9% | 1466.7% | -6.8% | 250.0% | -89.9% | -66.6% |
| Operating income growth (YoY) | 56.6% | 6.6% | 6.7% | - | 178.4% | - | 34.6% | - | - | - |
| Net income growth (YoY) | 516.3% | 210.1% | 139.8% | - | 285.2% | - | 35.7% | - | - | - |
| EPS growth (YoY) | 477.5% | 190.2% | 200.9% | - | 452.5% | - | 33.6% | - | - | - |
| EPS CAGR (3y) | - | - | 237.3% | -3.1% | 160.9% | -19.1% | - | -25.8% | - | - |
| EPS CAGR (5y) | 67.1% | 88.3% | - | - | 88.3% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | 91.7% | - | - | -138.9% | - |
| FCF CAGR (5y) | - | - | 87.3% | - | - | - | - | - | - | - |
| Book value growth (YoY) | 87.0% | 33.9% | -49.4% | -50.9% | -48.8% | 15.1% | -0.3% | -12.8% | -16.5% | -9.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-27.
Business segments
$9.52B totalHDD$9.52B · 100.0%
Product / service
$9.52B totalCloud$8.34B · 87.6%
Consumer$623.00M · 6.5%
Client Devices$556.00M · 5.8%
Geographic
$9.52B totalUS$4.33B · 45.5%
CN$1.55B · 16.3%
EMEA$1.54B · 16.1%
HK$1.05B · 11.0%
Rest Of Asia$792.00M · 8.3%
Other$264.00M · 2.8%
Peer comparison
Same SIC group: Computer Storage Devices
Comparing WESTERN DIGITAL CORP against the 5 most active filers in the same SIC group.
Dividends
$0.35/share trailing 12 months · +250.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 5, 2026 | $0.1250 |
| Dec 4, 2025 | $0.1250 |
| Sep 4, 2025 | $0.1000 |
| Jun 4, 2025 | $0.1000 |
| Apr 2, 2020 | $0.3779 |
| Jan 2, 2020 | $0.3779 |
| Oct 3, 2019 | $0.3779 |
| Jun 27, 2019 | $0.3779 |
| Mar 28, 2019 | $0.3779 |
| Dec 27, 2018 | $0.3779 |
| Sep 27, 2018 | $0.3779 |
| Jun 28, 2018 | $0.3779 |
| Mar 28, 2018 | $0.3779 |
| Dec 28, 2017 | $0.3779 |
| Sep 28, 2017 | $0.3779 |
| Jun 28, 2017 | $0.3779 |
| Mar 29, 2017 | $0.3779 |
| Dec 28, 2016 | $0.3779 |
| Sep 28, 2016 | $0.3779 |
| Jun 29, 2016 | $0.3779 |
| Mar 30, 2016 | $0.3779 |
| Dec 29, 2015 | $0.3779 |
| Sep 30, 2015 | $0.3779 |
| Jun 30, 2015 | $0.3779 |