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Western Digital

WDC

Western Digital is a leading developer and manufacturer of data storage solutions, primarily focused on hard disk drive (HDD) technology.

Market cap
$189.68B+723%
Revenue$11.8B+32.0%
Net income$6.5B+296%
EPS (diluted)$16.75+274%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$3.7B
EPS estimate$3.29

Financials

Q3 2026

Income statement

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Revenue$3.3B+45.5%
Gross profit$1.7B+83.8%
Operating income$1.2B+56.6%
Net income$3.2B+516%
EPS (diluted)$8.20+477%

Balance sheet

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Cash & equivalents$2.1B-41.0%
Total debt$1.7B-77.0%
Total equity$9.7B+87.0%
Total assets$15.0B-8.1%

Valuation & ratios

Valuation

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Market cap$189.68B+723%
Enterprise value$189.35B+600%
P/E29.1×+15.1×
P/S16.1×+13.5×

Profitability

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Gross margin45.4%+8.2pp
Operating margin30.3%+12.8pp
Net margin55.3%+36.8pp

Returns & leverage

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Return on equity87.6%+66.1pp
Debt / equity0.2×-1.3×
Current ratio1.5×-0.1×

Segments

By geography

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Americas$1.5B+26.8%
Asia$1.3B+75.3%
Europe, Middle East and Africa$518.0M+44.3%

By product

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Cloud$3.0B+48.1%
Consumer$186.0M+24.0%
Client$179.0M+30.7%

By segment

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HDD$3.3B+45.5%

Competitors

Profile

Western Digital is a leading developer and manufacturer of data storage solutions, primarily focused on hard disk drive (HDD) technology. The company provides high-capacity storage infrastructure for cloud data centers, enterprise systems, and consumer devices, positioning its products as the most economical solution for mass data retention in the age of AI. Following the 2025 separation of its Flash business, the company operates as a specialized HDD entity serving the global digital economy.

Competitive position

A leading vertically integrated manufacturer with a dominant position in the high-capacity HDD market and a significant patent portfolio in magnetic recording.

GeographiesAmericas, Asia Pacific, Europe, Middle East
Customer segmentsEnterprise, Consumer Electronics, Hyperscale Cloud Providers, Government
Business modelManufacturing, Hardware-as-a-Product, IP Licensing
SuppliersSemiconductor component suppliers, Printed circuit board manufacturers, Raw material providers for magnetic media, Contract manufacturers
CustomersCloud Service Providers (CSPs), PC OEMs, Retail electronics chains, Data center infrastructure integrators
Listed1978
Employees53.0K
CEOTiang Yew Tan
Websitewdc.com
FilingsSEC EDGAR

Questions, answered.

What is Western Digital's market cap?
Western Digital (WDC) has a market capitalization of $189.68B and trades on NASDAQ.
What is Western Digital's revenue and profitability?
Western Digital generated $11.8B in trailing twelve-month revenue with net income of $6.5B, representing a net margin of 55.3%. Gross margin stands at 45.4%. These figures are based on the Q2 2026 filing.
Who are Western Digital's competitors?
Western Digital's key competitors include Seagate Technology Holdings plc, Micron Technology, CDW Corporation, and others. These companies compete in similar markets and product categories.
What subsidiaries does Western Digital have?
Western Digital's subsidiaries include Sandisk Corporation.
Where is Western Digital headquartered?
Western Digital is headquartered in United States of America and employs approximately 53,000 people. It has been publicly traded since 1978.