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Western Digital Corporation

NASDAQ•WDC
CEO: Mr. Tiang Yew Tan
Sector: Technology
Industry: Computer Hardware
Listing Date: 1978-10-31
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, artificial intelligence-related workloads, data analysis, and other enterprise applications; and data storage platforms. In addition, it offers external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field backup of created content, as well as wireless streaming of high-definition movies, photos, music, documents to tablets, smartphones, and PCs. The company sells its products under the Western Digital, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
Contact Information
5601 Great Oaks Parkway, San Jose, CA, 95119, United States
408-801-1000
www.westerndigital.com
Market Cap
$88.55B
P/E (TTM)
23.7
28.5
Dividend Yield
0.2%
52W High
$309.90
52W Low
$28.83
52W Range
83%
Rank52Top 73.5%
2.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2026 Data

Revenue

$3.02B-29.59%
4-Quarter Trend

EPS

$5.27-298.81%
4-Quarter Trend

FCF

$653.00M+127.53%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Six Month Revenue Growth Revenue reached $5.84B for six months, increasing 26% driven by 23% exabytes sold growth in Cloud.
Net Income Skyrockets Net income from continuing operations was $3.02B for six months, a 389% increase over prior period results.
Sandisk Valuation Impact Realized $1.71B unrealized gain on retained Sandisk interest due to mark-to-market valuation as of January 2, 2026.
Operating Cash Flow Strong Net cash provided by operating activities totaled $1.42B for six months, significantly up from $437M previously.

Risk Factors

Trade Policy Uncertainty US tariff actions cause substantial uncertainty; actively monitoring developments and exploring mitigation for future actions.
Future Realignment Costs Expect $50M incremental employee termination costs in remainder of 2026 due to additional streamlining actions implemented.
Supply Chain Dependence Continued dependence on a limited number of suppliers or potential disruptions in the overall supply chain remain risks.
Litigation Outcome Uncertainty Company appealed infringement finding; management believes loss is not probable, but ultimate outcome remains uncertain.

Outlook

Debt Reduction Strategy Expect monetization of remaining Sandisk stake within one year to further reduce outstanding debt principal amounts.
Liquidity Position Secure Cash and 2027 Revolving Credit Facility expected to meet working capital and CapEx needs for at least twelve months.
R&D Investment Focus Expect modest increases in R&D spending to continue innovation and development for higher capacity HDD products.
2026 Capital Expenditures Capital expenditures for 2026 are currently expected to be approximately 4% to 6% of projected net revenue.

Peer Comparison

Revenue (TTM)

HPQ stock ticker logoHPQ
$56.23B
+4.4%
HPE stock ticker logoHPE
$35.79B
+14.9%
SMCI stock ticker logoSMCI
$28.06B
+34.8%

Gross Margin (Latest Quarter)

TEAM stock ticker logoTEAM
85.0%
+0.3pp
FICO stock ticker logoFICO
83.0%
+2.8pp
DDOG stock ticker logoDDOG
80.4%
+0.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WDC$88.55B23.764.2%29.8%
STX$81.55B40.8-889.4%51.7%
MSI$77.05B35.7103.2%50.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
9.6%
Steady Growth
4Q Net Income CAGR
52.0%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 23, 2026
|
EPS:$2.34
|
Revenue:$3.23B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data