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Western Digital WDC Q3 2025 earnings

Reported April 30, 2025 · Before market open

Revenue$2.3BMiss by $20.9MDiluted EPS$1.36Beat by $0.24
Revenue estimate$2.3B
EPS estimate$1.12

Next report

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

Financials

Q3 2025

Income statement

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Revenue$2.3B+30.9%
Gross profit$912.0M+75.7%
Operating income$760.0M+709%
Net income$520.0M+285%
EPS (diluted)$1.42+306%

Balance sheet

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Cash & equivalents$3.5B+83.6%
Total debt$7.5B-8.7%
Total equity$5.2B-48.8%
Total assets$16.4B-31.2%

Cash flow

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CapEx$176.0M+10.7%

Valuation & ratios

Valuation

as of 03/28/25
See full
Market cap$13.97B-39.5%
Enterprise value$17.98B-38.8%
P/E8.5×—
P/S1.6×—

Profitability

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Gross margin37.2%—
Operating margin17.5%—
Net margin18.5%—

Returns & leverage

See full
Return on equity21.5%+15.4pp
Debt / equity1.4×+0.6×
Current ratio1.6×-0.3×

Segments

By geography

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Americas$1.2B+34.0%
Asia$753.0M+25.5%
Europe, Middle East and Africa$359.0M—
Rest of Asia$198.0M—
Other$66.0M—

By product

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Cloud$2.0B+37.9%
Consumer$150.0M-4.5%
Client$137.0M-2.1%

By segment

See full
HDD$2.3B+30.9%

Versus estimates

Revenue

Q3 2026$3.3BBeat by $90.6MQ2 2026$3.0BBeat by $87.6MQ1 2026$2.8BBeat by $87.8MQ4 2025$2.6BBeat by $132.9M
Q3 2025$2.3BMiss by $20.9M
Q2 2025$4.3BBeat by $24.1M

Diluted EPS

Q3 2026$2.72Beat by $0.33Q2 2026$2.13Beat by $0.20Q1 2026$1.78Beat by $0.19Q4 2025$1.66Beat by $0.18
Q3 2025$1.36Beat by $0.24
Q2 2025$1.77Beat by $0.42

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Questions, answered.

When did Western Digital report Q3 2025 earnings?
Western Digital (WDC) reported Q3 2025 earnings on April 30, 2025 before market open.
What were Western Digital's Q3 2025 revenue and EPS?
Western Digital reported revenue of $2.3B and diluted EPS of $1.36 for Q3 2025.
Did Western Digital beat estimates in Q3 2025?
Revenue missed the consensus estimate of $2.3B by $20.9M. EPS beat the consensus estimate of $1.12 by $0.24.
How did Western Digital's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.9% from $1.8B a year earlier and diluted EPS grew 115.9% from $0.63.
Where can I find Western Digital's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000106040-25-000026) directly on SEC EDGAR. The filing index links above go to sec.gov.