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Western Digital WDC HDD — Income Tax

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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$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:IncomeTaxExpenseBenefit.

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 HDD — income tax?
Western Digital (WDC) reported HDD — income tax of $154M in Q1 2026.
How has Western Digital's HDD — income tax changed year-over-year?
Western Digital's HDD — income tax increased by 122.1% year-over-year, from -$698M to $154M.
What does HDD — income tax mean?
This metric represents the portion of the total corporate income tax expense that is allocated specifically to the Hard Disk Drive (HDD) business segment. It reflects the tax burden associated with the profitability of the HDD division based on the jurisdictions where these specific operations occur. Analyzing this allows investors to assess the effective tax rate of the storage business independently of the company's broader flash memory or corporate-level tax structures.