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Western Digital Corp.

WDC

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

Market cap
$169.05B+504%
Revenue$12.9B+35.7%
Net income$9.4B+399%
Free cash flow$3.9B+454%
EPS (diluted)$24.23+370%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in 2 months)
Revenue estimate$4.1B
EPS estimate$4.07

Financials

Q4 2026

Income statement

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Revenue$3.7B+43.8%
Gross profit$2.0B+90.1%
Operating income$1.6B+130%
Net income$3.2B+1,033%
EPS (diluted)$8.23+997%

Balance sheet

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Cash & equivalents$1.6B-25.3%
Total debt$1.2B-75.5%
Total equity$8.9B+66.9%
Total assets$13.9B-1.0%

Cash flow

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Operating cash flow$1.4B+86.2%
CapEx$108.0M+52.1%
Free cash flow$1.3B+89.8%

Valuation & ratios

Valuation

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Market cap$169.05B+504%
Enterprise value$168.66B+449%
P/E17.9×+3.1×
P/S13.1×+10.1×

Profitability

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Gross margin48.9%+10.1pp
Operating margin34.5%+10.0pp
Net margin72.9%+53.1pp

Returns & leverage

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Return on equity133%+110pp
Debt / equity0.1×-0.8×
Current ratio1.3×+0.2×

Segments

By geography

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Europe, Middle East and Africa$528.5M+37.6%
Rest of Asia$273.8M+38.3%
Other$128.3M+94.3%

By product

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Cloud$3.3B+43.2%
Client Devices$225.0M+60.7%
Consumer$187.0M+37.5%

By segment

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HDD$3.7B+43.8%

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 critical infrastructure for the AI-driven digital economy, offering high-capacity storage for cloud data centers, enterprise systems, and consumer devices. Its value proposition centers on delivering cost-effective, reliable, and scalable storage architectures that support the global proliferation of data.

Competitive position

A vertically integrated market leader in HDD technology with a massive patent portfolio and a dominant position in the high-capacity cloud storage market.

GeographiesUnited States, Thailand, Malaysia, Philippines, China
Customer segmentsCloud Service Providers, Enterprise, Consumer Electronics, Retail
Business modelManufacturing, Hardware-as-a-Product, IP Licensing
SuppliersController and firmware components, Printed circuit board assemblies, Rare earth materials, Semiconductor fabrication equipment
CustomersHyperscale data center operators, PC manufacturers, Consumer electronics retailers, Enterprise IT departments
Listed1978
Employees53.0K
CEOTiang Yew Tan
Websitewdc.com
FilingsSEC EDGAR

FAQ

What is Western Digital Corp.'s market cap?
Western Digital Corp. (WDC) has a market capitalization of $169.05B and trades on NASDAQ.
What is Western Digital Corp.'s revenue and profitability?
Western Digital Corp. generated $12.9B in trailing twelve-month revenue with net income of $9.4B, representing a net margin of 72.9%. Gross margin stands at 48.9%, with free cash flow of $3.9B. These figures are based on the Q3 2026 filing.
Who are Western Digital Corp.'s competitors?
Western Digital Corp.'s key competitors include Seagate Technology Holdings plc, Micron Technology, CDW Corporation, and others. These companies compete in similar markets and product categories.
Who does Western Digital Corp. partner with?
Western Digital Corp.'s notable partners include Ethisphere.
What subsidiaries does Western Digital Corp. have?
Western Digital Corp.'s subsidiaries include WD.
Where is Western Digital Corp. headquartered?
Western Digital Corp. is headquartered in United States of America and employs approximately 53,000 people. It has been publicly traded since 1978.