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Memory·WDC
Western Digital Corporation
NASDAQ · US
Data storage device supplier focused on hard drives and storage systems after the Sandisk separation.
AI relevance
High-capacity storage exposure for AI data lakes, training corpora, and data center archival tiers.
Price
$459.44
Change
-9.61 (-2.05%)
Market cap
$158.4B
52w range
$77–$800
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
WDC market performance
Daily close for Western Digital Corporation
- Latest close
- $459.4
- Range move
- +$384.8 (+515.4%)
- Range high
- $746.2
- Range low
- $74.66
- Latest volume
- 4.4M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
80 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus61 ratings
Strong buy
0
Buy
44
Hold
16
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2027-07-03 | $19.15B | $16.01B - $20.70B | $20.33 | $15.99 - $23.85 | $4.84B | $3.51B | $7.89B | $1.55B | 16 rev / 12 EPS |
| 2028-07-03 | $26.55B | $21.39B - $30.59B | $32.58 | $20.59 - $42.54 | $6.72B | $4.87B | $12.09B | $2.15B | 15 rev / 10 EPS |
| 2029-07-03 | $31.95B | $28.92B - $35.38B | $45.03 | $39.16 - $47.86 | $8.08B | $5.86B | $16.59B | $2.59B | 10 rev / 4 EPS |
| 2030-07-03 | $38.61B | $32.93B - $45.52B | $65.73 | $53.16 - $81.02 | $9.77B | $7.08B | $25.17B | $3.13B | 5 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-10-03 | $4.13B | $4.08B - $4.17B | $4.06 | $3.99 - $4.12 | $1.05B | $757.8M | $1.53B | $335.3M | 11 rev / 12 EPS |
| 2027-01-03 | $4.54B | $3.57B - $5.01B | $4.72 | $3.58 - $5.42 | $1.15B | $832.5M | $1.78B | $368.3M | 12 rev / 11 EPS |
| 2027-04-03 | $4.98B | $4.63B - $5.30B | $5.48 | $4.97 - $5.94 | $1.26B | $913.7M | $2.06B | $404.3M | 6 rev / 8 EPS |
| 2027-07-03 | $5.45B | $5.07B - $5.81B | $6.28 | $5.71 - $6.81 | $1.38B | $1.00B | $2.36B | $442.5M | 6 rev / 4 EPS |
| 2027-10-03 | $5.83B | $5.42B - $6.21B | $7.00 | $6.36 - $7.59 | $1.48B | $1.07B | $2.63B | $473.2M | 6 rev / 4 EPS |
| 2028-01-03 | $6.30B | $5.85B - $6.70B | $7.76 | $7.05 - $8.41 | $1.59B | $1.15B | $2.92B | $510.9M | 5 rev / 7 EPS |
| 2028-04-03 | $6.89B | $6.40B - $7.34B | $8.73 | $7.93 - $9.46 | $1.74B | $1.26B | $3.28B | $559.1M | 5 rev / 10 EPS |
| 2028-07-03 | $7.29B | $6.77B - $7.76B | $9.50 | $8.63 - $10.30 | $1.84B | $1.34B | $3.57B | $591.2M | 5 rev / 5 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 4 | $605.25 |
| Last quarter | 15 | $656.07 |
| Last year | 67 | $376.21 |
| All time | 120 | $240.38 |
Sources: StreetInsider, Benzinga, Pulse 2.0, TipRanks
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-08-07 | Citigroup | Maintain | Buy | Buy |
| 2026-08-06 | TD Cowen | Maintain | Buy | Buy |
| 2026-08-06 | Rosenblatt | Maintain | Buy | Buy |
| 2026-08-06 | UBS | Maintain | Neutral | Neutral |
| 2026-07-13 | Citigroup | Maintain | Buy | Buy |
| 2026-07-10 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-07-08 | Susquehanna | Maintain | Neutral | Neutral |
| 2026-07-01 | B of A Securities | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 4 | 18 | 5 | 0 | 1 |
| 2026-07-01 | 4 | 18 | 3 | 0 | 1 |
| 2026-06-01 | 4 | 18 | 3 | 1 | 1 |
| 2026-05-01 | 4 | 17 | 4 | 0 | 1 |
| 2026-04-01 | 4 | 17 | 5 | 0 | 1 |
| 2026-03-01 | 4 | 17 | 6 | 0 | 0 |
| 2026-02-01 | 4 | 17 | 6 | 0 | 0 |
| 2026-01-01 | 5 | 17 | 6 | 0 | 1 |
FinancialsFY 2026
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2026 | $12.92B | $6.31B | 48.9% | $1.16B | $4.45B | $10.28B | $9.42B | $26.92 |
| FY 2025 | $9.52B | $3.69B | 38.8% | $994.0M | $2.33B | $1.94B | $1.86B | $5.31 |
| FY 2024 | $6.32B | $1.77B | 28.1% | $950.0M | -$403.0M | $243.0M | -$798.0M | $-2.61 |
| FY 2023 | $6.25B | $1.39B | 22.2% | $986.0M | -$548.0M | $289.0M | -$1.68B | $-5.37 |
| FY 2022 | $18.79B | $5.87B | 31.3% | $2.32B | $2.39B | $3.40B | $1.55B | $4.81 |
| FY 2021 | $16.92B | $4.52B | 26.7% | $2.24B | $1.22B | $2.46B | $821.0M | $2.69 |
| FY 2020 | $16.74B | $3.78B | 22.6% | $2.26B | $335.0M | $1.93B | -$250.0M | $-0.84 |
| FY 2019 | $16.57B | $3.75B | 22.6% | $2.18B | $87.0M | $1.99B | -$754.0M | $-2.58 |
| FY 2018 | $20.65B | $7.71B | 37.3% | $2.40B | $3.62B | $4.82B | $675.0M | $2.27 |
| FY 2017 | $19.09B | $6.07B | 31.8% | $2.44B | $1.95B | $3.74B | $397.0M | $1.38 |
| FY 2016 | $12.99B | $3.44B | 26.4% | $1.63B | $466.0M | $1.57B | $242.0M | $1.01 |
| FY 2015 | $14.57B | $4.22B | 29.0% | $1.65B | $1.61B | $2.74B | $1.47B | $6.31 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2026 | $3.93B | $418.0M | $3.51B |
| FY 2025 | $1.69B | $412.0M | $1.28B |
| FY 2024 | -$294.0M | $487.0M | -$781.0M |
| FY 2023 | -$408.0M | $821.0M | -$1.22B |
| FY 2022 | $1.88B | $1.12B | $773.0M |
| FY 2021 | $1.90B | $1.15B | $895.0M |
| FY 2020 | $824.0M | $647.0M | $177.0M |
| FY 2019 | $1.55B | $876.0M | $790.0M |
| FY 2018 | $4.21B | $835.0M | $3.40B |
| FY 2017 | $3.44B | $578.0M | $2.88B |
| FY 2016 | $1.98B | $584.0M | $1.40B |
| FY 2015 | $2.24B | $612.0M | $1.63B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $1.58B | $2.03B | $1.51B | $2.48B | $13.86B | $1.05B | -$527.0M | $5.00B | $8.86B |
| FY 2025 | $2.47B | $1.49B | $1.29B | $2.47B | $14.00B | $5.08B | $2.97B | $8.69B | $5.31B |
| FY 2024 | $1.55B | $1.23B | $1.39B | $2.36B | $24.19B | $7.82B | $6.27B | $13.37B | $10.82B |
| FY 2023 | $2.02B | $1.60B | $3.70B | $3.62B | $24.55B | $8.47B | $6.45B | $13.58B | $10.96B |
| FY 2022 | $2.33B | $2.80B | $3.64B | $3.67B | $26.26B | $7.62B | $5.29B | $14.04B | $12.22B |
| FY 2021 | $3.37B | $2.26B | $3.62B | $3.19B | $26.13B | $8.72B | $5.36B | $15.41B | $10.72B |
| FY 2020 | $3.05B | $2.38B | $3.07B | $2.85B | $25.66B | $9.57B | $6.53B | $16.11B | $9.55B |
| FY 2019 | $3.46B | $1.20B | $3.28B | $2.84B | $26.37B | $10.52B | $7.07B | $16.40B | $9.97B |
| FY 2018 | $5.00B | $2.20B | $2.94B | $3.10B | $29.23B | $11.17B | $6.17B | $17.70B | $11.53B |
| FY 2017 | $6.35B | $1.95B | $2.34B | $3.03B | $29.86B | $13.15B | $6.80B | $18.44B | $11.42B |
| FY 2016 | $8.38B | $1.46B | $2.13B | $3.50B | $32.86B | $16.99B | $8.84B | $21.72B | $11.14B |
| FY 2015 | $5.29B | $1.53B | $1.37B | $2.96B | $15.18B | $2.56B | -$2.47B | $5.95B | $9.22B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | 48.9% | 34.5% | 72.9% | 1.3x | 1.0x | 106.3% | 39.7% | 14.4x | 18.0x | 1.9% | 9.0% | 43d |
| FY 2025 | 38.8% | 24.5% | 19.5% | 1.1x | 0.8x | 35.0% | 21.5% | 2.6x | 12.9x | 5.8% | 10.4% | 59d |
| FY 2024 | 28.1% | -6.4% | -12.6% | 1.3x | 1.1x | -7.4% | -2.0% | 3.9x | 102.6x | -4.2% | 15.0% | 98d |
| FY 2023 | 22.2% | -8.8% | -26.9% | 1.5x | 0.8x | -15.4% | -2.7% | 2.5x | 53.9x | -13.3% | 15.8% | 252d |
| FY 2022 | 31.3% | 12.7% | 8.2% | 1.8x | 1.1x | 12.7% | 8.1% | 0.8x | 4.6x | 7.6% | 12.4% | 94d |
| FY 2021 | 26.7% | 7.2% | 4.9% | 2.0x | 1.3x | 7.7% | 5.0% | 1.3x | 8.7x | 5.5% | 13.3% | 86d |
| FY 2020 | 22.6% | 2.0% | -1.5% | 2.1x | 1.4x | -2.6% | 1.6% | 1.0x | 8.3x | 1.9% | 13.5% | 72d |
| FY 2019 | 22.6% | 0.5% | -4.6% | 2.2x | 1.4x | -7.6% | 0.4% | 1.1x | 9.0x | 7.2% | 13.2% | 66d |
| FY 2018 | 37.3% | 17.5% | 3.3% | 2.4x | 1.7x | 5.9% | 4.7% | 1.1x | 4.9x | 19.5% | 11.6% | 51d |
| FY 2017 | 31.8% | 10.2% | 2.1% | 2.5x | 2.0x | 3.5% | 3.9% | 1.4x | 7.0x | 14.9% | 12.8% | 37d |
| FY 2016 | 26.4% | 3.6% | 1.9% | 1.8x | 1.5x | 2.2% | 1.6% | 1.3x | 11.0x | 16.4% | 12.5% | 44d |
| FY 2015 | 29.0% | 11.1% | 10.1% | 2.6x | 2.2x | 15.9% | 12.1% | 0.8x | 4.1x | 11.9% | 11.3% | 20d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | +35.7% | +70.9% | +16.8% | +90.8% | +406.4% | +407.0% | +173.4% | -2.7% | -36.0% | +17.0% | -1.0% | -79.3% |
| FY 2025 | +50.7% | +108.2% | +4.6% | +679.2% | +333.2% | +303.4% | +264.4% | +16.4% | +59.1% | -6.9% | -42.1% | -35.1% |
| FY 2024 | +1.0% | +27.5% | -3.7% | +26.5% | +52.6% | +51.4% | +35.7% | +39.7% | -23.3% | -62.5% | -1.5% | -7.7% |
| FY 2023 | -66.7% | -76.3% | -57.6% | -122.9% | -208.9% | -211.6% | -257.2% | +27.1% | -13.1% | +1.6% | -6.5% | +11.3% |
| FY 2022 | +11.1% | +29.9% | +3.6% | +96.0% | +88.3% | +78.8% | -13.6% | -10.4% | -30.9% | +0.6% | +0.5% | -12.7% |
| FY 2021 | +1.1% | +19.6% | -0.8% | +264.2% | +428.4% | +420.2% | +405.6% | -55.0% | +10.6% | +17.8% | +1.8% | -8.9% |
| FY 2020 | +1.0% | +0.8% | +3.6% | +285.1% | +66.8% | +67.4% | -77.6% | +14.5% | -11.8% | -6.5% | -2.7% | -9.0% |
| FY 2019 | -19.8% | -51.3% | -9.1% | -97.6% | -211.7% | -213.7% | -76.7% | +6.4% | -31.0% | +11.5% | -9.8% | -5.8% |
| FY 2018 | +8.1% | +26.9% | -1.7% | +85.1% | +70.0% | +64.5% | +17.9% | -45.2% | -21.2% | +25.8% | -2.1% | -15.0% |
| FY 2017 | +46.9% | +76.8% | +50.0% | +319.3% | +64.0% | +36.6% | +105.9% | +4.6% | -24.2% | +10.0% | -9.1% | -22.6% |
| FY 2016 | -10.8% | -18.6% | -1.2% | -71.1% | -83.5% | -84.0% | -14.2% | +4.6% | +58.5% | +55.6% | +116.5% | +564.9% |
| FY 2015 | -3.7% | -3.2% | -0.9% | -10.1% | -9.4% | -8.3% | -25.5% | +2.5% | +3.9% | +11.6% | -2.1% | +4.8% |
SegmentsFY 2026
Revenue Mix
Latest product mixFY 2026 · $12.92B
Cloud$11.49B · 88.9%
Client Devices$726.0M · 5.6%
Retail Products$703.0M · 5.4%
Latest geography mixFY 2026 · $11.82B
Americas$5.17B · 43.7%
Asia$4.03B · 34.1%
Europe Middle East And Africa$2.11B · 17.9%
Others$513.0M · 4.3%
Product revenue annual
| Period | Total | Client Devices | Cloud | Data Center Devices & Solutions | Retail Products |
|---|---|---|---|---|---|
| FY 2026 | $12.92B | $726.0M | $11.49B | -- | $703.0M |
| FY 2025 | $9.52B | $556.0M | $8.34B | -- | $623.0M |
| FY 2024 | $13.00B | $4.65B | $5.38B | -- | $2.98B |
| FY 2023 | $12.32B | $4.33B | $5.25B | -- | $2.74B |
| FY 2022 | $18.79B | $7.08B | $8.02B | -- | $3.70B |
| FY 2021 | $16.92B | $11.97B | -- | $4.95B | -- |
| FY 2020 | $16.74B | $10.51B | -- | $6.23B | -- |
| FY 2019 | $16.57B | $11.53B | -- | $5.04B | -- |
Geography revenue annual
| Period | Total | Asia | Americas | Europe Middle East And Africa | Others |
|---|---|---|---|---|---|
| FY 2026 | $11.82B | $4.03B | $5.17B | $2.11B | $513.0M |
| FY 2025 | $9.52B | $3.39B | $4.59B | $1.54B | -- |
| FY 2024 | $12.62B | $6.90B | $3.58B | $2.13B | -- |
| FY 2023 | $11.96B | $6.05B | $3.81B | $2.10B | -- |
| FY 2022 | $18.34B | $10.05B | $5.41B | $2.87B | -- |
| FY 2021 | $16.92B | $9.46B | $3.79B | $3.06B | $617.0M |
| FY 2020 | $16.74B | $8.37B | $4.68B | $2.93B | $765.0M |
| FY 2019 | $16.57B | $9.10B | $3.60B | $3.11B | $759.0M |
| FY 2018 | $19.66B | $11.17B | $4.64B | $3.86B | -- |
| FY 2017 | $19.09B | $10.71B | $3.88B | $3.28B | $1.23B |
| FY 2016 | $12.99B | $6.40B | $3.65B | $2.66B | $277.0M |
| FY 2015 | $14.57B | $7.28B | $3.05B | $3.17B | $1.07B |
Transcripts80 on file
Transcripts
Events
Events
Next earnings
2026-10-29EPS est $4.07
Latest news
- B. Metzler seel. Sohn & Co. AG Purchases Shares of 69,916 Western Digital Corporation $WDC
Defense World · 2026-08-21
- Super Micro Computer and Western Digital: Analyzing Recent Revenue Trends and Business Scale
The Motley Fool · 2026-08-20