What is Western Digital's capex?

Western Digital (WDC) reported capex of $73M in Q3 2025.

How has Western Digital's capex changed year-over-year?

Western Digital's capex decreased by 24.0% year-over-year, from $96M to $73M.

What is the long-term trend for Western Digital's capex?

Over 4 years (2021 to 2025), Western Digital's capex has grown at a -22.6% compound annual growth rate (CAGR), from $1.15B to $412M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Western Digital WDC CapEx

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Other financials

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%

Cash flow

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Operating cash flow$672.0M+1,876%

Free cash flow$599.0M+1,066%

Valuation

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Market cap$232.79B+1,025%

Enterprise value$232.47B+842%

P/E35.8×+23.2×

P/S19.8×+17.5×

Profitability

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Gross margin45.4%+8.2pp

Operating margin30.3%+12.8pp

Net margin55.3%+36.8pp

FCF margin-7.2%-14.6pp

Returns & leverage

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Return on equity87.6%+66.1pp

Debt / equity0.2×-1.3×

Current ratio1.5×-0.1×

Where this comes from

Reported directly by Western Digital in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Western Digital’s 10-Q, filed October 31, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Digital's capex?: Western Digital (WDC) reported capex of $73M in Q3 2025.
How has Western Digital's capex changed year-over-year?: Western Digital's capex decreased by 24.0% year-over-year, from $96M to $73M.
What is the long-term trend for Western Digital's capex?: Over 4 years (2021 to 2025), Western Digital's capex has grown at a -22.6% compound annual growth rate (CAGR), from $1.15B to $412M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.