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Nasdaq · Technology

WESTERN DIGITAL CORP (WDC)

As-reported financials and recent SEC filings for WESTERN DIGITAL CORP, latest fiscal period FY2025. 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
$9.52B
Revenue growth (YoY)
50.7%
Net income
$1.89B
Diluted EPS
$5.12
Gross margin
38.8%
Operating margin
24.5%
Net margin
19.8%
FCF margin
13.4%
ROE
35.6%
P/E (TTM)
29.8×
Market cap
Debt / equity
0.5×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Western Digital

  • Revenue grew 50.7% to $9.5B in FY2025, faster than the 1.0% the year before.
  • Operating margin is 24.5% in FY2025, +17.3 pp against 7.2% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $3.3B, up 45.5% from Q3 FY2025.
  • Free cash flow was $1.3B in FY2025, 13.4% of revenue.
  • Net income turned positive at $1.9B in FY2025, from a $798M loss in FY2024.

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 margin38.8%
37th percentile of 507
Operating margin24.5%
89th percentile of 562
Net margin19.8%
85th percentile of 576
FCF margin13.4%
58th percentile of 541
Revenue growth (YoY)+50.7%
92nd percentile of 616
ROE35.6%
92nd percentile of 536
P/E (TTM)29.8×
47th percentile of 332
Debt / equity0.47×
59th percentile of 276
Short interest3.43d
45th percentile of 623

Western Digital’s revenue growth of +50.7% ranks in the 92nd percentile of the 616 Technology companies reporting it. Western Digital’s return on equity of 35.6% ranks in the 92nd percentile of the 536 Technology companies reporting it. Western Digital’s operating margin of 24.5% ranks in the 89th percentile of the 562 Technology companies reporting it.

No open-market insider buys in the last 90 days; 79 insider sales totaling $20.1M. For context, about 16% of companies in the universe saw any open-market insider buying 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 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$2.54B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$913.0M3.5MAdded
D. E. ShawquantQ1 2026$727.1M2.7MReduced
Renaissance TechnologiesquantQ1 2026$310.0M1.1MAdded
Point72 Asset ManagementquantQ1 2026$168.8M623.9KAdded
Whale Rock Capital ManagementQ1 2026$111.4M412.0KNew
Gotham Asset ManagementQ1 2026$99.5M367.8KReduced
Millennium ManagementquantQ1 2026$75.1M277.7KReduced
Citadel AdvisorsquantQ1 2026$71.9M265.9KReduced
Bridgewater AssociatesQ1 2026$67.4M249.0KAdded
Two Sigma InvestmentsquantQ1 2026$532,8652.0KReduced

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
open-market
Bought (90d)
open-market value
Sells (90d)
79
$20.1M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-21
Tregillis Cynthia LChief Legal Officer & Corp SecSell808$529.63$428K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell392$515.40$202K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell326$510.61$166K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell316$513.14$162K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell310$511.67$159K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell296$514.09$152K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell216$517.59$112K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell160$521.14$83K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell128$527.22$67K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell128$502.87$64K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell112$536.27$60K
2026-06-09
filed 2026-06-11
Cole Martin IDirectorSell112$516.72$58K

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
23.3M
settled 2026-07-15
Change vs prior
+3.9%
vs previous settlement
Days to cover
3.43
at avg daily volume
Avg daily volume
6.8M
FINRA reported
SettlementShares shortChangeDays to cover
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
2026-04-3029.1M+8.9%4.18
2026-04-1526.8M+0.4%3.56
2026-03-3126.7M-3.3%2.81

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)

 FY2025FY2024FY2023FY2022FY2021
Revenue$9.52B$6.32B$6.25B$18.79B$16.92B
Gross profit$3.69B$1.77B$1.39B$5.87B$4.52B
Operating income$2.33B$-403.0M$-548.0M$2.39B$1.22B
Net income$1.89B$-798.0M$-1.68B$1.55B$821.0M
Diluted EPS$5.12$-2.61$-5.37$4.89$2.66

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 methodology.

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 methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.69B$-294.0M$-408.0M$1.88B$1.90B
Capital expenditure$412.0M$487.0M$821.0M$1.12B$1.15B
Free cash flow$1.28B$-781.0M$-1.23B$758.0M$752.0M

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 methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
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
Q4 FY2024$2.00B$39.0M$0.12

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

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryComputer Storage Devices
Fiscal year endJuly 3
Latest fiscal periodFY2025
SEC filings since2018
SEC CIK106040

Recent SEC filings

10-K2025-08-14
View on EDGAR →
10-K2024-08-20
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-K2026-06-11
View on EDGAR →
8-K/A2026-06-08
View on EDGAR →

Largest Technology peers

All Technology companies →

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