Skip to content
Loading your account…

WDC WESTERN DIGITAL CORP

NasdaqTechnologyComputer Storage DevicesSan Jose, CAFY ends July 3

Profitable 3/5: Fiscal years with net income above zero, out of the last five reported.Net cash: Cash and equivalents above total debt at the latest fiscal year end.FY2026 10-K filed Aug 14, 2026 (SEC EDGAR)

FY2026 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$12.9BYoYup 35.70%ended Jul 3, 2026
Net income
$9.42B72.9% margin
Diluted EPS
$24.28YoYup 374.22%
Free cash flow
$3.51B27.2% margin
Cash
$1.58BNet cash $527M
Total debt
$1.05BD/E 0.12×
About WESTERN DIGITAL CORP

Overview

WESTERN DIGITAL CORP (WDC) is listed on Nasdaq; the SEC classifies it under "Computer Storage Devices".

For fiscal 2026 (ended Jul 3, 2026) it reported revenue of $12.92B, up 35.7% from fiscal 2025.

Net income was $9.42B, a net margin of 72.9%.

At fiscal year end it had total assets of $13.86B and stockholders' equity of $8.86B (63.9% of assets).

Fiscal years shown
FY2017–FY2026 (10 years)
Latest 10-K
Aug 14, 2026
Latest filing
10-QOct 23, 2026
FY2017–FY2026 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2017 to FY2026.
PeriodRevenueNet incomeNet margin
FY2017—$397M—
FY2018—$675M—
FY2019$16.6B-$754M-4.6%
FY2020$16.7B-$250M-1.5%
FY2021$16.9B$821M4.9%
FY2022$18.8B$1.5B8.0%
FY2023$12.3B-$1.71B-13.8%
FY2024$13B-$798M-6.1%
FY2025$9.52B$1.89B19.8%
FY2026$12.9B$9.42B72.9%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2017 to FY2026.
PeriodGross marginOperating marginNet margin
FY2017———
FY2018———
FY201922.6%0.5%-4.6%
FY202022.6%2.0%-1.5%
FY202126.7%7.2%4.9%
FY202231.3%12.7%8.0%
FY202315.3%-10.4%-13.8%
FY202422.6%-2.4%-6.1%
FY202538.8%24.5%19.8%
FY202648.9%34.5%72.9%

Diluted EPS

Diluted EPS, fiscal years FY2017 to FY2026.
PeriodEPS (diluted)
FY2017$1.34
FY2018$2.20
FY2019-$2.58
FY2020-$0.84
FY2021$2.66
FY2022$4.75
FY2023-$5.44
FY2024-$2.61
FY2025$5.12
FY2026$24.28

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2017 to FY2026.
PeriodFree cash flowNet income
FY2017$2.86B$397M
FY2018$3.37B$675M
FY2019$671M-$754M
FY2020$177M-$250M
FY2021$752M$821M
FY2022$758M$1.5B
FY2023-$1.23B-$1.71B
FY2024-$781M-$798M
FY2025$1.28B$1.89B
FY2026$3.51B$9.42B

Diluted shares

Diluted shares, fiscal years FY2017 to FY2026.
PeriodDiluted shares (weighted)
FY2017296M
FY2018307M
FY2019292M
FY2020298M
FY2021309M
FY2022316M
FY2023318M
FY2024326M
FY2025359M
FY2026383M

Cash vs total debt

Cash vs total debt, fiscal years FY2017 to FY2026.
PeriodCash & equivalentsTotal debt
FY2017$6.35B$13.2B
FY2018$5.01B$11.2B
FY2019$3.46B$10.5B
FY2020$3.05B$9.58B
FY2021$3.37B$8.73B
FY2022$2.33B$7.02B
FY2023$2.02B$7.07B
FY2024$1.88B$7.43B
FY2025$2.11B$4.71B
FY2026$1.58B$1.05B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2026 · 5-year trend

Ratios

Profitability

Gross margin
48.9%
Operating margin
34.5%
Net margin
72.9%
FCF margin
27.2%
Return on equity
133.0%
Return on assets
67.6%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 35.70%up 1.60%down 5.26%—
EPS (diluted)up 374.22%—up 55.62%up 37.97%
Free cash flowup 174.51%—up 36.10%up 2.31%
Change in share count
+6.69%

Financial strength

Current ratio
1.33×
Debt / equity
0.12×
Liabilities / assets
36.1%
Net debt
-$527M
Interest coverage
27×
Equity / assets
63.9%

Shareholder returns

Dividends per share
$0.50
Dividends paid
$174M
Buybacks
$2.59B
Payout ratio
1.8%
Stock comp. / revenue
1.6%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

7 of 9 checks passed

FY2026 vs FY2025

  • PassPositive return on assets67.3%
  • PassPositive operating cash flow$3.93B
  • PassReturn on assets improved67.3% vs 7.8%
  • FailOperating cash flow above net income28.1% vs 67.3%
  • PassLong-term debt / assets fell0.0% vs 17.7%
  • PassCurrent ratio improved1.33× vs 1.08×
  • FailNo increase in share count383M vs 359M
  • PassGross margin improved48.9% vs 38.8%
  • PassAsset turnover improved0.92× vs 0.39×

Altman Z''-Score

Safe zone (above 2.60)

FY2026

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets0.101×6.560.66
Retained earnings / assets0.721×3.262.35
Operating income / assets0.321×6.722.16
Equity / liabilities1.774×1.051.86
Z''7.03

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jul 3, 2026FY2025Jun 27, 2025FY2024Jun 28, 2024FY2023Jun 30, 2023FY2022Jul 1, 2022FY2021Jul 2, 2021FY2020Jul 3, 2020FY2019Jun 28, 2019FY2018Jun 29, 2018FY2017Jun 30, 2017
Revenue12,9199,52013,00312,31818,79316,92216,73616,569——
YoY (Revenue)+35.70%-26.79%+5.56%-34.45%+11.06%+1.11%+1.01%———
Gross profit6,3113,6922,9451,8875,8744,5213,7813,7527,7056,072
Selling, general & admin.5515688289701,1171,1051,1531,3171,4731,445
Operating income4,4532,334-317-1,2852,3911,220335873,6171,954
Interest expense165357417312304326413469676847
Pretax income9,9051,130-661-1,5602,123927-46-2872,085769
Income tax481-5131371466231062044671,410372
Net income9,4241,889-798-1,7061,500821-250-754675397
YoY (Net income)+398.89%——-213.73%+82.70%——-211.70%+70.03%—
EPS (basic)26.925.31-2.61-5.444.812.69-0.84-2.582.271.38
EPS (diluted)24.285.12-2.61-5.444.752.66-0.84-2.582.201.34
YoY (EPS (diluted))+374.22%——-214.53%+78.57%——-217.27%+64.18%—
Diluted shares (weighted)383359326318316309298292307296

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jul 3, 2026FY2025Jun 27, 2025FY2024Jun 28, 2024FY2023Jun 30, 2023FY2022Jul 1, 2022FY2021Jul 2, 2021FY2020Jul 3, 2020FY2019Jun 28, 2019FY2018Jun 29, 2018FY2017Jun 30, 2017
Cash & equivalents1,5792,1141,8792,0232,3273,3703,0483,4555,0056,354
Receivables2,0261,4862,1661,5982,8042,2572,3791,2042,1971,948
Inventory1,5111,2913,3423,6983,6383,6163,0703,2832,9442,341
Current assets5,6345,8568,0607,8869,4539,7579,0488,47710,63811,056
Goodwill4,3214,31910,03210,03710,04110,06610,06710,07610,07510,014
Intangible assets——78802134429411,7112,6803,823
Total assets13,86114,00224,18824,42926,25926,13225,66226,37029,23529,860
Current liabilities4,2405,4186,0875,4345,2374,8704,4063,8174,4564,344
Short-term debt1,0522,2261,7501,2130251286276179233
Long-term debt02,4855,6845,8577,0228,4749,28910,24610,99312,918
Total liabilities4,9978,46213,14112,70614,03815,41116,11116,40317,70418,442
Retained earnings9,9987626,7757,4249,0397,5396,7257,4498,7578,633
Stockholders' equity8,8645,31110,81810,84712,22110,7219,5519,96711,53111,418
Shares outstanding361347343322315308302295296294

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jul 3, 2026FY2025Jun 27, 2025FY2024Jun 28, 2024FY2023Jun 30, 2023FY2022Jul 1, 2022FY2021Jul 2, 2021FY2020Jul 3, 2020FY2019Jun 28, 2019FY2018Jun 29, 2018FY2017Jun 30, 2017
Operating cash flow3,9291,691-294-4081,8801,8988241,5474,2053,437
Capital expenditures4184124878211,1221,146647876835578
Free cash flow3,5111,279-781-1,2297587521776713,3702,859
YoY (Free cash flow)+174.51%——-262.14%+0.80%+324.86%-73.62%-80.09%+17.87%—
Depreciation & amortization3754515688289291,2121,5661,8122,0562,128
Stock-based compensation204265295318326318308306377394
Share repurchases2,592149———005635910
Dividends paid17444——00595584593574
Dividends per share0.500.10——0.000.001.502.002.002.00
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2026 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$24.28
Revenue per share
$33.73
FCF per share
$9.17
Book value per share
$23.14
Tangible book per share
$11.86
Cash per share
$4.12
Dividends per share
$0.50
Public floatas of Jan 2, 2026
$47.7B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2026)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-Q
    Quarterly report· Oct 2, 2026(SEC EDGAR)
  2. 8-K
    Current report· Oct 22, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. DEF 14A
    Proxy statement· Nov 20, 2026(SEC EDGAR)
  4. 8-K
    Current report· Sep 14, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 8.01Other events
    • 9.01Financial statements and exhibits
  5. 8-K/A
    Current report (amendment)· Aug 26, 2026(SEC EDGAR)
    • 3.02Unregistered sale of equity
  6. 8-K
    Current report· Aug 26, 2026(SEC EDGAR)
    • 3.02Unregistered sale of equity
    • 8.01Other events
  7. 10-K
    Annual report· Jul 3, 2026(SEC EDGAR)
  8. 8-K
    Current report· Aug 5, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  9. 8-K
    Current report· Jun 11, 2026(SEC EDGAR)
    • 8.01Other events
  10. 8-K/A
    Current report (amendment)· Jun 2, 2026(SEC EDGAR)
    • 3.02Unregistered sale of equity
All filings on SEC EDGAR
SIC 3572 · Computer Storage Devices

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
SNDKSandisk Corp$20.2Bup 175.30%56.5%91.6%—
WDCWESTERN DIGITAL CORP (This company)$12.9Bup 35.70%72.9%133.0%7/9
STXSeagate Technology Holdings plc$12.2Bup 34.06%26.1%371.5%8/9
Peer median$16.2Bup 104.68%41.3%231.6%8/9—

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does WESTERN DIGITAL CORP do?

The SEC classifies WESTERN DIGITAL CORP under Standard Industrial Classification (SIC) code 3572, "Computer Storage Devices". It is headquartered in San Jose, CA. It is incorporated in DE. In fiscal 2026 it reported revenue of $12.92B and net income of $9.42B in its annual 10-K report.

What was WESTERN DIGITAL CORP's revenue in 2026?

WESTERN DIGITAL CORP reported revenue of $12.92B for fiscal 2026, which ended Jul 3, 2026, up 35.7% from $9.52B in fiscal 2025, according to its annual 10-K report filed with the SEC on Aug 14, 2026.

What was WESTERN DIGITAL CORP's net income in 2026?

WESTERN DIGITAL CORP reported net income of $9.42B for fiscal 2026, a net margin of 72.9% of revenue.

Where is WESTERN DIGITAL CORP listed?

According to the SEC, WESTERN DIGITAL CORP's ticker WDC is listed on Nasdaq.

When does WESTERN DIGITAL CORP's fiscal year end?

According to the SEC, WESTERN DIGITAL CORP's fiscal year ends on July 3; its latest reported fiscal year (2026) ended Jul 3, 2026.

Source: SEC EDGAR · Last updated:

Ver en español

Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.