analyzeportfolio
Nasdaq · Technology

WESTERN DIGITAL CORP (WDC)

As-reported financials and SEC filings for WESTERN DIGITAL CORP. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WESTERN DIGITAL CORP

Western Digital Corp develops, manufactures, and provides hard disk drive (HDD) data storage devices and solutions. The company serves a range of markets including cloud data centers, enterprise storage systems, client devices, and consumer external storage products. Western Digital focuses on delivering high-capacity, reliable, and cost-effective storage technologies for applications such as cloud computing, edge computing, and video surveillance.

Snapshot

Revenue
$12.92B
Revenue growth (YoY)
35.7%
Net income
$9.42B
Diluted EPS
$24.28
Gross margin
48.9%
Operating margin
34.5%
Net margin
72.9%
FCF margin
27.2%
ROE
106.3%
net income / fiscal-year-end equity
P/E
17.9×
trailing when available, otherwise FY EPS
Market cap
$166.18B
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended July 3, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Western Digital

  • Revenue grew 35.7% to $12.9B in FY2026, slower than the 50.7% the year before.
  • Operating margin is 34.5% in FY2026, +21.7 pp against 12.7% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $3.7B, up 43.8% from Q4 FY2025.
  • Free cash flow was $3.5B in FY2026, 27.2% of revenue.
  • Net income rose 398.9% to $9.4B in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Western Digital’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin48.9%
49th percentile of 509
Operating margin34.5%
96th percentile of 563
Net margin72.9%
99th percentile of 577
FCF margin27.2%
86th percentile of 544
Revenue growth (YoY)+35.7%
87th percentile of 616
ROE106.3%
98th percentile of 540
P/E17.9×
28th percentile of 329
Long-term debt / equity0.00×
1st percentile of 278
Short interest3.14d
43rd percentile of 621

Western Digital’s net margin of 72.9% ranks in the 99th percentile of the 577 Technology companies reporting it. Western Digital’s long-term debt to equity of 0.00 ranks in the 1st percentile of the 278 Technology companies reporting it. Western Digital’s return on equity of 106.3% ranks in the 98th percentile of the 540 Technology companies reporting it.

No reported insider purchases (code P) in the last 90 days; 49 insider sales totaling $15.8M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
4
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
7
7 trimmed, 0 exited
Combined position
$4.63B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$1.88B2.9MReduced
D. E. ShawquantQ2 2026$1.21B1.9MReduced
Citadel AdvisorsquantQ2 2026$420.2M657.9KAdded
Renaissance TechnologiesquantQ2 2026$343.3M537.5KReduced
Whale Rock Capital ManagementQ2 2026$255.9M400.7KReduced
Millennium ManagementquantQ2 2026$224.8M352.0KAdded
Bridgewater AssociatesQ2 2026$110.1M172.4KReduced
Gotham Asset ManagementQ2 2026$106.5M166.8KReduced
Point72 Asset ManagementquantQ2 2026$47.0M73.6KReduced
Two Sigma InvestmentsquantQ2 2026$31.0M48.6KAdded
Maverick CapitalQ2 2026$1.2M1.9KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
49
$15.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-04
filed 2026-09-08
Gubbi Vidyadhara KChief of Global OperationsSell1.8K$459.87$825K
2026-09-04
filed 2026-09-08
Tregillis Cynthia LChief Legal Officer & Corp SecSell432$451.20$195K
2026-09-01
filed 2026-09-02
STREETER STEPHANIE ADirectorSell1.6K$455.00$728K
2026-08-31
filed 2026-09-02
STREETER STEPHANIE ADirectorSell2.0K$448.58$897K
2026-08-31
filed 2026-09-02
STREETER STEPHANIE ADirectorSell2.0K$447.06$894K
2026-08-27
Tregillis Cynthia LChief Legal Officer & Corp SecSell1.0K$478.36$482K
2026-08-26
filed 2026-08-27
Tregillis Cynthia LChief Legal Officer & Corp SecSell476$450.78$215K
2026-08-24
Tregillis Cynthia LChief Legal Officer & Corp SecSell684$446.17$305K
2026-08-21
filed 2026-08-24
Tregillis Cynthia LChief Legal Officer & Corp SecSell235$477.27$112K
2026-08-11
filed 2026-08-12
Tan IrvingChief Executive OfficerSell6.4K$446.38$2.9M
2026-08-11
filed 2026-08-12
Tan IrvingChief Executive OfficerSell4.8K$445.45$2.1M
2026-08-11
filed 2026-08-12
Tan IrvingChief Executive OfficerSell2.5K$441.48$1.1M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
19.9M
settled 2026-08-31
Change vs prior
-1.9%
vs previous settlement
Days to cover
3.14
at avg daily volume
Avg daily volume
6.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3119.9M-1.9%3.14
2026-08-1420.3M-17.6%2.26
2026-07-3124.6M+5.8%3.18
2026-07-1523.3M+3.9%3.43
2026-06-3022.4M-15.4%1.62
2026-06-1526.4M-17.0%3.87
2026-05-2931.9M+7.1%5.02
2026-05-1529.8M+2.1%3.50

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$12.92B$9.52B$6.32B$6.25B$18.79B
Gross profit$6.31B$3.69B$1.77B$1.39B$5.87B
Operating income$4.45B$2.33B$-403.0M$-548.0M$2.39B
Net income$9.42B$1.89B$-798.0M$-1.68B$1.55B
Diluted EPS$24.28$5.12$-2.61$-5.37$4.89

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$3.93B$1.69B$-294.0M$-408.0M$1.88B
Capital expenditure$418.0M$412.0M$487.0M$821.0M$1.12B
Free cash flow$3.51B$1.28B$-781.0M$-1.23B$758.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$3.75B43.8%$3.19B$8.21
Q3 FY2026$3.34B45.5%$3.21B$8.20
Q2 FY2026$3.02B25.2%$1.84B$4.73
Q1 FY2026$2.82B27.4%$1.18B$3.07
Q4 FY2025$2.60B30.0%$282.0M$0.78
Q3 FY2025$2.29B30.9%$520.0M$1.42
Q2 FY2025$2.41B76.2%$594.0M$1.63
Q1 FY2025$2.21B85.3%$493.0M$1.35

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryComputer Storage Devices
Latest annual periodFY2026 (ended July 3, 2026)
Latest reported quarterQ4 FY2026 (ended July 3, 2026)
Oldest indexed filing2018
SEC CIK106040

Selected SEC filings

10-K2026-08-14
View on EDGAR →
10-K2025-08-14
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2026-01-30
View on EDGAR →
10-Q2025-10-31
View on EDGAR →
10-Q2025-05-02
View on EDGAR →
8-K/A2026-08-27
View on EDGAR →
8-K2026-08-26
View on EDGAR →

Largest Technology peers

All Technology companies →

Monitor WDC

Get an alert when Western Digital files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor WDC free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.