Western Digital Corporation logo

Western Digital Corporation

WDC

NASDAQTechnologyComputer Hardware

Regular session

$433.34

−$26.105 · -5.68%

Aug 24, 1:41 PM ET

WDC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

81

Deep Value

Momentum

57

Neutral

Sentiment

55

Mixed

Risk resilience

40

Elevated Risk

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Company profile

Company website

Western Digital Corporation designs, manufactures, and markets a broad range of data storage devices and software solutions across the United States, China, Hong Kong, Europe, the Middle East, Africa, and the rest of Asia, serving an international market. The company's product lineup includes client devices such as hard disk drives (HDDs) and solid-state drives (SSDs) for computing platforms like desktops, notebooks, smart video systems, gaming consoles, and set-top boxes. They also provide flash-based embedded storage solutions for mobile phones, tablets, laptops, and various portable and wearable technologies, extending into automotive, Internet of Things (IoT), industrial, and connected home applications. Additionally, Western Digital produces flash-based memory wafers. For data centers, their offerings comprise enterprise helium hard drives and sophisticated flash-based SSDs, often bundled with software tailored for enterprise servers, online transaction processing, data analysis, and other business applications. This segment also includes comprehensive data storage systems, tiered storage models, and various data storage platforms. Consumer-oriented client solutions consist of external HDDs in both mobile and desktop configurations, portable SSDs, and removable memory cards compatible with mobile phones, tablets, imaging systems, cameras, and smart video systems. Furthermore, they offer universal serial bus (USB) flash drives for computing and general consumer markets, alongside wireless drive products designed for on-the-go content backup and high-definition streaming of media and documents to tablets, smartphones, and PCs. Western Digital sells its diverse portfolio through original equipment manufacturers (OEMs), distributors, dealers, resellers, and retailers, utilizing its prominent G-Technology, SanDisk, and WD brands. Founded in 1970, the corporation is headquartered in San Jose, California.

Industry
Computer Hardware
Sector
Technology
Headquarters
US
CEO
Tiang Yew Tan
Listed since
Oct 31, 1978
Employees
40,000

Market position

Day range

Current $433.34

52-week range

Current $433.34

Open
$443.63
Previous close
$459.44
Volume
4.53M
0.55× average
Average volume
8.27M
Average daily volume
Market cap
149.36B USD
Beta
2.22
Market reference 1
50-day average
$548.43
-20.99% below average
200-day average
$358.27
+20.95% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
185.43B USD
P/E (TTM)
15.95×
P/B (TTM)
16.87×
P/S (TTM)
11.56×
EV / EBITDA
18.04×
Earnings yield
5.07%
Free cash flow yield
1.89%
Dividend yield
0.12%

Profitability & efficiency

Gross margin
48.85%
Operating margin
34.89%
Net margin
72.95%
Return on equity
106.32%
Return on assets
67.99%
Return on invested capital
39.70%

Financial health

Debt / equity
0.12×
Current ratio
1.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends83%43%3%-37%Gross margin, FY2022: 31.26%Gross margin, FY2023: 22.24%Gross margin, FY2024: 28.07%Gross margin, FY2025: 38.78%Gross margin, FY2026: 48.85%Operating margin, FY2022: 12.72%Operating margin, FY2023: -8.76%Operating margin, FY2024: -6.38%Operating margin, FY2025: 24.52%Operating margin, FY2026: 34.47%Net margin, FY2022: 8.23%Net margin, FY2023: -26.92%Net margin, FY2024: -12.63%Net margin, FY2025: 19.55%Net margin, FY2026: 72.95%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 31.26%. Gross margin FY2023 22.24%. Gross margin FY2024 28.07%. Gross margin FY2025 38.78%. Gross margin FY2026 48.85%. Operating margin FY2022 12.72%. Operating margin FY2023 -8.76%. Operating margin FY2024 -6.38%. Operating margin FY2025 24.52%. Operating margin FY2026 34.47%. Net margin FY2022 8.23%. Net margin FY2023 -26.92%. Net margin FY2024 -12.63%. Net margin FY2025 19.55%. Net margin FY2026 72.95%.

Income trends

Revenue

12.92B USD+35.70%

Operating income

4.45B USD+90.79%

Net income

9.42B USD+406.39%
Income trends across reported periods20.84B USD12.65B USD4.46B USD−3.73B USDRevenue, FY2022: 18.79B USDRevenue, FY2023: 6.26B USDRevenue, FY2024: 6.32B USDRevenue, FY2025: 9.52B USDRevenue, FY2026: 12.92B USDOperating income, FY2022: 2.39B USDOperating income, FY2023: −548M USDOperating income, FY2024: −403M USDOperating income, FY2025: 2.33B USDOperating income, FY2026: 4.45B USDNet income, FY2022: 1.55B USDNet income, FY2023: −1.68B USDNet income, FY2024: −798M USDNet income, FY2025: 1.86B USDNet income, FY2026: 9.42B USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 18.79B USD. Revenue FY2023 6.26B USD. Revenue FY2024 6.32B USD. Revenue FY2025 9.52B USD. Revenue FY2026 12.92B USD. Operating income FY2022 2.39B USD. Operating income FY2023 −548M USD. Operating income FY2024 −403M USD. Operating income FY2025 2.33B USD. Operating income FY2026 4.45B USD. Net income FY2022 1.55B USD. Net income FY2023 −1.68B USD. Net income FY2024 −798M USD. Net income FY2025 1.86B USD. Net income FY2026 9.42B USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue12.92B USD9.52B USD6.32B USD6.26B USD18.79B USD
Cost of goods sold6.61B USD5.83B USD4.54B USD4.86B USD12.92B USD
Gross profit6.31B USD3.69B USD1.77B USD1.39B USD5.87B USD
Research and development1.16B USD994M USD950M USD986M USD2.32B USD
Selling, general, and administrative551M USD568M USD726M USD807M USD1.12B USD
Operating expenses1.86B USD1.36B USD2.18B USD1.94B USD3.48B USD
Interest income45M USD33M USD19M USD6M USD
Interest expense139M USD357M USD414M USD310M USD304M USD
Depreciation and amortization375M USD451M USD568M USD828M USD929M USD
Operating income4.45B USD2.33B USD−403M USD−548M USD2.39B USD
Net income9.42B USD1.86B USD−798M USD−1.68B USD1.55B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+45.13%
11 comparable reports
Latest EPS result
3.56
Estimate 3.31 · Beat by 7.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.313.192.070.95Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 1.77, estimate 1.35, surprise +31.11%, Beat. Q2 2025, reported Apr 30, 2025: actual 1.36, estimate 1.12, surprise +21.43%, Beat. Q3 2025, reported Jul 30, 2025: actual 1.66, estimate 1.48, surprise +12.16%, Beat. Q4 2025, reported Oct 30, 2025: actual 1.78, estimate 1.59, surprise +11.95%, Beat. Q1 2026, reported Jan 29, 2026: actual 2.13, estimate 1.93, surprise +10.36%, Beat. Q2 2026, reported Apr 30, 2026: actual 2.72, estimate 2.39, surprise +13.81%, Beat. Q3 2026, reported Aug 5, 2026: actual 3.56, estimate 3.31, surprise +7.55%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 4.07, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.46B3.68B2.9B2.12BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 4.29B USD, estimate 4.26B USD, surprise +0.57%, Beat. Q2 2025, reported Apr 30, 2025: actual 2.29B USD, estimate 2.31B USD, surprise -0.90%, Miss. Q3 2025, reported Jul 30, 2025: actual 2.61B USD, estimate 2.47B USD, surprise +5.38%, Beat. Q4 2025, reported Oct 30, 2025: actual 2.82B USD, estimate 2.73B USD, surprise +3.21%, Beat. Q1 2026, reported Jan 29, 2026: actual 3.02B USD, estimate 2.93B USD, surprise +2.99%, Beat. Q2 2026, reported Apr 30, 2026: actual 3.34B USD, estimate 3.25B USD, surprise +2.79%, Beat. Q3 2026, reported Aug 5, 2026: actual 3.75B USD, estimate 3.7B USD, surprise +1.27%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 4.13B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$647.58

49.44% upside
Past 12 months12-month forecastHigh $1,050Average $647.58Low $400

Rating distribution

61 ratings
Strong buy00%
Buy4472%
Hold1626%
Sell12%
Strong sell00%

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