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Western Digital WDC Gross margin

Gross margin at other companies

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Micron TechnologyMU
72.6%+35.4pp
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Seagate Technology Holdings PLCSTX
45.6%+10.4pp
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CDWCDW
21.6%-0.3pp
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Dell TechnologiesDELL
19.1%-3.0pp
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CelesticaCLS
12%+0.6pp
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Core Scientific, Inc.CORZ
28.3%+23.2pp

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%
CapEx$73.0M-24.0%
Free cash flow$599.0M+1,066%

Valuation

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Market cap$187.8B+596%
Enterprise value$187.47B+531%
P/E28.8×+14.6×
P/S16×+13.1×

Profitability

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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

Calculated from Western Digital’s reported figures.

Based on trailing twelve months.

The source filing: Western Digital’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 30, 2026, 6:13 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-029054

FAQ

What is Western Digital's gross margin?
Western Digital (WDC) reported gross margin of 45.4% in Q1 2026.
How has Western Digital's gross margin changed year-over-year?
Western Digital's gross margin increased by 22.0% year-over-year, from 37.2% to 45.4%.
What is the long-term trend for Western Digital's gross margin?
Over 3 years (2021 to 2025), Western Digital's gross margin has grown at a 13.2% compound annual growth rate (CAGR), from 26.7% to 38.8%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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