What is Western Digital's R&D?

Western Digital (WDC) reported R&D of $294M in Q1 2026.

How has Western Digital's R&D changed year-over-year?

Western Digital's R&D increased by 20.0% year-over-year, from $245M to $294M.

What is the long-term trend for Western Digital's R&D?

Over 3 years (2021 to 2025), Western Digital's R&D has grown at a -23.8% compound annual growth rate (CAGR), from $2.24B to $994M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Western Digital WDC R&D

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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%

CapEx$73.0M-24.0%

Free cash flow$599.0M+1,066%

Valuation

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Market cap$199.24B+776%

Enterprise value$198.92B+643%

P/E30.6×+16.8×

P/S16.9×+14.4×

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:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The official record: Western Digital’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Digital's R&D?: Western Digital (WDC) reported R&D of $294M in Q1 2026.
How has Western Digital's R&D changed year-over-year?: Western Digital's R&D increased by 20.0% year-over-year, from $245M to $294M.
What is the long-term trend for Western Digital's R&D?: Over 3 years (2021 to 2025), Western Digital's R&D has grown at a -23.8% compound annual growth rate (CAGR), from $2.24B to $994M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.