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Western Digital Corp. WDC Q3 2026 earnings

Reported April 30, 2026 · After market close

Revenue$3.3BBeat by $90.6M
EPS$2.72Beat by $0.33
Revenue estimate$3.2B
EPS estimate$2.39
WD started calendar year 2026 with great execution, driving strong sequential and year-over-year revenue growth in all our end markets, while expanding gross and operating margins. Gross margin exceeded 50%, reflecting our continued delivery of innovation across an expanding set of customers. Given our confidence in the durability of our business, we are also announcing a 20% increase in the quarterly cash dividend on the company’s common stock to $0.15 per share, The demand drivers are clear: Virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs.
Irving Tan

Next report

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

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

as of 04/03/26
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Market cap$147.32B+954%
Enterprise value$146.99B+718%
P/E22.6×+14.1×
P/S12.5×+10.9×

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 product

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

By geography

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Americas$1.5B+26.8%
Asia$1.3B+75.3%

By segment

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HDD$3.3B+45.5%

FAQ

When did Western Digital Corp. report Q3 2026 earnings?
Western Digital Corp. (WDC) reported Q3 2026 earnings on April 30, 2026 after market close.
What were Western Digital Corp.'s Q3 2026 revenue and EPS?
Western Digital Corp. reported revenue of $3.3B and eps of $2.72 for Q3 2026.
Did Western Digital Corp. beat estimates in Q3 2026?
Revenue beat the consensus estimate of $3.2B by $90.6M. EPS beat the consensus estimate of $2.39 by $0.33.
How did Western Digital Corp.'s Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 45.5% from $2.3B a year earlier and eps grew 100.0% from $1.36.
Where can I find Western Digital Corp.'s Q3 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-028878) and the 10-Q periodic report (0001628280-26-029054) directly on SEC EDGAR. The filing index links above go to sec.gov.