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Western Digital Corp. WDC Q4 2026 Annual earnings

Reported August 4, 2026 · After market close

Revenue$3.7BBeat by $46.9M
Adjusted EPS$3.56Beat by $0.25
Revenue estimate$3.7B
EPS estimate$3.31
“WD concluded fiscal year 2026 with strong performance. In our fiscal fourth quarter, revenue increased 44% year over year, gross and operating margins expanded, and earnings per share more than doubled. These results reflect our ability to scale innovation and operational excellence across our global organization, supporting our customers' growing storage demand. As global data creation continues to accelerate, we enter fiscal year 2027 with continued confidence in the durability of demand and with increasing visibility into our business. With our scale, technology leadership, and operational discipline, WD is well positioned to capitalize on the secular data growth opportunity and deliver long-term shareholder value.”
Irving Tan

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

as of 08/27/26
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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%

FAQ

When did Western Digital Corp. report Q4 2026 earnings?
Western Digital Corp. (WDC) reported Q4 2026 earnings on August 4, 2026 after market close.
What were Western Digital Corp.'s Q4 2026 revenue and EPS?
Western Digital Corp. reported revenue of $3.7B and adjusted eps of $3.56 for Q4 2026.
Did Western Digital Corp. beat estimates in Q4 2026?
Revenue beat the consensus estimate of $3.7B by $46.9M. EPS beat the consensus estimate of $3.31 by $0.25.
How did Western Digital Corp.'s Q4 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 43.8% from $2.6B a year earlier.
Where can I find Western Digital Corp.'s Q4 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-053305) and the 10-K periodic report (0001628280-26-057139) directly on SEC EDGAR. The filing index links above go to sec.gov.