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Western Digital

WDCNASDAQStock Fundamentals

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.

Market Cap$167.67B
Revenue TTM$11.8B
Net Income TTM$6.5B
P/E Ratio25.75
Net Margin55.29%
EPS TTM$16.75
Employees53.0K
CEOTiang Yew Tan
CountryUnited States of America
Technology
Computer Hardware
SegmentsComputer Hardware, Data Storage, Semiconductors
Business ModelsManufacturing, Hardware-as-a-Product, IP Licensing
Most Recent EarningsApr 30, 2026 · 24 days agoQ3 2026
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Next EarningsJul 29, 2026 · in 2 monthsQ4 2026

Financials

Based on Q3 2026 filing

Gross Margin45.43%
Op. Margin30.31%
ROE87.65%
D/E17.81%
Current Ratio1.49
Total Debt$1.7B
Cash$2.1B

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Cloud

primary

Provides high-capacity enterprise HDDs and data storage platforms designed for public and private cloud environments. These products focus on delivering low total cost of ownership (TCO) and high reliability for large-scale data centers and smart video systems.

Products

High-capacity enterprise HDDs, Data storage platforms

Customers

Cloud service providers, Internet infrastructure players, Social media companies, Enterprise customers

Client

major

Delivers high-performance HDD solutions for personal computing devices including desktops and notebooks. These products emphasize low cost per gigabyte, power efficiency, and quiet operation for mass-market hardware.

Products

Desktop HDDs, Notebook HDDs

Customers

Original Equipment Manufacturers (OEMs), Channel customers

Consumer

moderate

Offers external storage solutions and personal content management tools directly to end-users. This segment leverages strong brand recognition to provide retail-ready storage for personal libraries and creative content.

Products

HDD external storage products, WD-branded retail drives

Customers

Retail consumers, Distributors, Resellers

Segment Financials

HDD — R&D

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HDD — Business realignment charges

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HDD — Stock-Based Comp

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HDD — Cost of revenue

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HDD — SG&A

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Business Overview

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.

Geographies

Americas, Asia Pacific, Europe, Middle East

Customer Segments

Enterprise, Consumer Electronics, Hyperscale Cloud Providers, Government

Upstream Dependencies

Semiconductor component suppliers, Printed circuit board manufacturers, Raw material providers for magnetic media, Contract manufacturers

Downstream Customers

Cloud Service Providers (CSPs), PC OEMs, Retail electronics chains, Data center infrastructure integrators

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Western Digital FAQ

Common questions about Western Digital

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.

Western Digital (WDC) has a market capitalization of $167.67B and trades on NASDAQ.

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.

Western Digital's key competitors include Seagate Technology Holdings plc, Micron Technology, Celestica, Inc., and others. These companies compete in similar markets and product categories.

Western Digital has approximately 53,000 employees.