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Western Digital WDC HDD — Loss on Debt Extinguishment

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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:GainsLossesOnExtinguishmentOfDebt.

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 — loss on debt extinguishment?
Western Digital (WDC) reported HDD — loss on debt extinguishment of -$545M in Q1 2026.
What does HDD — loss on debt extinguishment mean?
This metric captures the financial loss recognized when a business segment retires debt obligations before their scheduled maturity date, often due to refinancing at more favorable rates or restructuring the balance sheet. It represents the difference between the reacquisition price of the debt and its net carrying amount, including the write-off of any unamortized issuance costs. Investors track this to understand the impact of debt management strategies on the segment's bottom line and the long-term cost of capital.