WDC

Western Digital
D

WDC

Arincen77/100B

If you had invested in Western Digital ago, it would be worth $7,166 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

77/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

Western Digital key facts

Style
Growth stock · 10.0/10Growth 10.0 · Value 8.3 · Dividend 1.0
Day range
258.65 – 286.40
52-week range
132.43 – 799.87
Market capitalization
98.68B USD
P/E
9.19
PEG ratio
0.30
EPS
28.68
Div Yield
0.27%
EPS growth forecast (FY2027)
+142.7%
Volume
62
Beta
2.28
ESG score
71.1/100Environment 71 · Social 71 · Governance 71
Sector
Technology
Industry
Computer Hardware
CEO
Tiang Yew Tan
Employees
40K
IPO date
31 Oct 1978

Western Digital earnings

Next earnings · Q2 FY2027
EPS estimate
5.88 USD
Revenue estimate
5.13B USD
Last quarter · Q1 FY2027
EPS4.64Beat +12.9%Revenue4.38BBeat +5.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY202810.48———7.56B———
Q2 FY20289.46——+60.88%7.08B——+38.07%
Q1 FY20288.40——+81.12%6.48B——+47.83%
Q2 FY20275.88——+176.06%5.13B——+69.94%
Q1 FY20274.114.64+12.90%+160.67%4.14B4.38B+5.72%+55.46%
Q4 FY20263.313.56+7.55%+114.46%3.70B3.75B+1.27%+43.84%
Q3 FY20262.392.72+13.81%+100.00%3.25B3.34B+2.79%+45.47%
Q2 FY20261.932.13+10.36%+20.34%2.93B3.02B+2.99%-29.59%
Q1 FY20261.591.78+11.95%0.00%2.73B2.82B+3.21%+27.40%
Q4 FY20251.481.66+12.16%+15.28%2.47B2.61B+5.38%+29.99%

Western Digital analyst forecast

12-month price target
617.15 USD
+134.10%

Analysts' 1-year price targets range from 405.00 to 1,050.00, with an average of 617.15.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
18 ratings
Buy
15
Hold
3
Sell
0

12-month price target

Highest target1,050.00
Average target617.15
Lowest target405.00
Current price263.63

Western Digital valuation

Price to earnings ratio (TTM)
9.19
Forward P/E (FY2027)
10.66
Price to sales (TTM)
6.81
Price to book
10.56
EV / EBITDA (TTM)
15.68

Capital structure

Market capitalization
98.68B USD
+
Total debt
789.00M USD
−
Cash and short-term investments
1.31B USD
=
Enterprise value
98.16B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)4.88————
FY2028 (est.)6.524.88———
FY2027 (est.)10.666.52———
Now (TTM)9.198.716.8110.5615.68
FY202620.0221.8214.3920.9837.07
FY202511.9218.352.314.1410.08
FY2024-21.9318.352.951.7354.21
FY2023-5.3418.351.460.831,556.49
FY20226.8218.350.540.844.33

Western Digital against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Sandisk, Hewlett Packard Enterprise, Arista Networks, Dell Technologies, NetApp, and Super Micro Computer, the US Computer Hardware companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Lowest in 5 years9.2
    9.239.9
  • Gross marginHighest in 5 years48.9%
    22.2%48.9%
    Against its peers: 4 of 6Peers' median 64.1%
  • Operating marginHighest in 5 years34.5%
    -8.8%34.5%
    Against its peers: 3 of 6Peers' median 24.5%
  • Net marginHighest in 5 years72.9%
    -26.9%72.9%
    Against its peers: 1 of 6Peers' median 18.4%
  • Return on equityHighest in 5 years106.3%
    -15.4%106.3%
    Against its peers: 1 of 5Peers' median 50.5%
  • Free cash flow marginHighest in 5 years27.2%
    -19.4%27.2%
    Against its peers: 3 of 6Peers' median 27.0%
  • Revenue growthAbove its median35.7%
    -66.7%50.7%
    Against its peers: 2 of 6Peers' median 18.8%
  • EPS growthHighest in 5 years374.2%
    -213.1%374.2%
    Against its peers: 1 of 5Peers' median 17.7%
  • Debt to EBITDALowest in 5 years0.21×
    0.21×847.40×
    Against its peers: 3 of 6Peers' median 1.42×
  • Current ratioAt its median1.33
    1.081.81
    Against its peers: 4 of 6Peers' median 1.44

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Western Digital growth and profitability

Revenue (TTM)
14.48B USD
Net income (TTM)
10.02B USD
Gross margin
52.60%
Operating margin
39.41%
Net margin
69.20%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202612.92B+35.70%9.42B+398.89%48.85%34.47%72.95%5.00B+102.26%
FY20259.52B+50.70%1.89B—38.78%24.52%19.84%2.47B+437.61%
FY20246.32B+0.99%-798.00M—28.07%-6.38%-12.63%460.00M+4,500.00%
FY20236.26B-66.72%-1.68B-208.93%22.24%-8.76%-26.92%10.00M-99.72%
FY202218.79B+11.06%1.55B+88.31%32.32%12.72%8.23%3.59B+54.63%

Western Digital revenue breakdown

By product

FY2026
Cloud: 88.9%Client Devices: 5.6%Retail Products: 5.4%88.9%Cloud5.6%Client Devices5.4%Retail Products
SegmentRevenueShare of revenueChange on the year
Cloud11.49B88.9%+37.8%
Client Devices726.00M5.6%+30.6%
Retail Products703.00M5.4%+12.8%

By region

FY2026
Americas: 43.7%Asia: 34.1%Europe Middle East And Africa: 17.9%Others: 4.3%43.7%Americas34.1%Asia17.9%Europe Middle East And Africa4.3%Others
RegionRevenueShare of revenueChange on the year
Americas5.17B43.7%+12.6%
Asia4.03B34.1%+18.8%
Europe Middle East And Africa2.11B17.9%+37.6%
Others513.00M4.3%—

How Western Digital makes its money

Cloud11.49B 88.9%
Client Devices726.00M 5.6%
Retail Products703.00M 5.4%
Revenue12.92B 100.0%
Cost of revenue6.61B 51.1%
Gross profit6.31B 48.9%
Research and development1.16B 9.0%
Selling and administration523.00M 4.0%
Other operating expenses174.00M 1.3%
Operating income4.45B 34.5%
Tax481.00M 3.7%
Net income9.42B 72.9%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Western Digital dividends

Annual dividend
0.70 USD
Dividend yield (indicated)
0.27%
Payout ratio
2.53%
Years of dividend growth
1
Frequency
Quarterly
Next payment
0.18 USD
Next ex-dividend date
4 Dec 2026
Next payment date
17 Dec 2026

Dividends per share

Year2025202020192018201720162015201420132012
Dividends per share0.330.761.511.511.511.511.441.060.570.38

Western Digital financial health

Cash and short-term investments
1.31B USD
Total debt
789.00M USD
Net cash
525.00M USD
Free cash flow (TTM)
4.29B USD
Current ratio
1.43
Debt to equity
0.08
Piotroski score
7 / 9
Altman Z-score
18.31

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20261.58B1.05B3.51B
FY20252.47B5.08B1.28B
FY20241.55B7.82B-781.00M
FY20232.02B8.47B-1.22B
FY20222.33B7.62B773.00M

Western Digital ownership

Institutions
94.31%
Institutional holders
1,961 (+448)
Free float
99.36%

Who owns the shares

Institutions 94.3% Others 5.7%
As of 30 Jun 2026

Shares free to trade

Free float 371.93M shares ·99.4% Closely held 2.40M shares ·0.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202601314.376.13K
Q3 2026049271.92K296.13K
Q2 20260791.38K86.87K
Q1 2026064943.34157.52K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026345.00M383.00M+6.69%
FY2025347.00M359.00M+10.12%
FY2024326.00M326.00M+2.52%
FY2023318.00M318.00M+0.63%
FY2022312.00M316.00M+2.27%

Source: Financial Modeling Prep

Related Instruments News

Title: Western Digital Corp

Sector: Technology
Industry: Computer Hardware
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is essentially a duopoly, with Western Digital and Seagate as the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. Data centers are the primary consumers of HDDs.

Common questions about Western Digital stock

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