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Western Digital WDC Q2 2025 earnings

Reported January 29, 2025 · After market close

Revenue estimate$4.3B
EPS estimate$1.35

Next report

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

Financials

Q2 2025

Income statement

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Revenue$2.4B+76.2%
Gross profit$907.0M+177%
Operating income$560.0M+367%
Net income$594.0M+307%
EPS (diluted)$1.63+277%

Balance sheet

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Cash & equivalents$2.3B-7.7%
Total debt$7.7B-12.7%
Total equity$12.1B+20.4%
Total assets$25.5B+4.4%

Cash flow

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Operating cash flow$1.4B+30.1%
CapEx$69.0M-21.6%
Free cash flow$1.3B+34.8%

Valuation & ratios

Valuation

as of 12/27/24
See full
Market cap$22.65B+21.4%
Enterprise value$28.07B+12.2%
P/E18×
P/S2.7×

Profitability

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Gross margin35%
Operating margin10.7%
Net margin15.1%

Returns & leverage

See full
Return on equity11.4%+6.9pp
Debt / equity0.6×-0.2×
Current ratio+0.3×

Segments

By product

See full
Cloud$2.1B+95.7%
Consumer$173.0M-79.4%
Client$140.0M-87.5%

By geography

See full
Americas$1.0B+29.2%
Asia$910.0M-46.4%

By segment

See full
HDD$2.4B+76.2%

Versus estimates

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Questions, answered.

When did Western Digital report Q2 2025 earnings?
Western Digital (WDC) reported Q2 2025 earnings on January 29, 2025 after market close.
What were Western Digital's Q2 2025 revenue and EPS?
Western Digital reported revenue of $4.3B and diluted EPS of $1.77 for Q2 2025.
Did Western Digital beat estimates in Q2 2025?
Revenue beat the consensus estimate of $4.3B by $24.1M. EPS beat the consensus estimate of $1.35 by $0.42.
Where can I find Western Digital's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000106040-25-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.