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Stocks · Technology · Computer Storage Devices

Western Digital

WDC Clue Score71
United States Fiscal year ends July CIK 0000106040
$397.28 +1.01% Close, 9 Oct 2026
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Price $397.28 +607.28% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue19.09Operating income1.95Net income0.40EPS, diluted1.34Fiscal year 2018Revenue20.65 +8.1%Operating income3.62Net income0.68 +70.0%EPS, diluted2.20 +64.2%Fiscal year 2019Revenue16.57 −19.8%Operating income0.09Net income−0.75 −211.7%EPS, diluted−2.58 −217.3%Fiscal year 2020Revenue16.74 +1.0%Operating income0.34Net income−0.25EPS, diluted−0.84Fiscal year 2021Revenue16.92 +1.1%Operating income1.22Net income0.82EPS, diluted2.66Fiscal year 2022Revenue18.79 +11.1%Operating income2.39Net income1.55 +88.3%EPS, diluted4.89 +83.8%Fiscal year 2023Revenue6.26 −66.7%Operating income−0.55Net income−1.68 −208.9%EPS, diluted−5.37 −209.8%Fiscal year 2024Revenue6.32 +1.0%Operating income−0.40Net income−0.80EPS, diluted−2.61Fiscal year 2025Revenue9.52 +50.7%Operating income2.33Net income1.89EPS, diluted5.12Fiscal year 2026Revenue12.92 +35.7%Operating income4.45Net income9.42 +398.9%EPS, diluted24.28 +374.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 19.09 20.65 16.57 16.74 16.92 18.79 6.26 6.32 9.52 12.92
Growth +8.1% −19.8% +1.0% +1.1% +11.1% −66.7% +1.0% +50.7% +35.7%
Operating income 1.95 3.62 0.09 0.34 1.22 2.39 −0.55 −0.40 2.33 4.45
Net income 0.40 0.68 −0.75 −0.25 0.82 1.55 −1.68 −0.80 1.89 9.42
Growth +70.0% −211.7% +88.3% −208.9% +398.9%
EPS, diluted 1.34 2.20 −2.58 −0.84 2.66 4.89 −5.37 −2.61 5.12 24.28
Growth +64.2% −217.3% +83.8% −209.8% +374.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin31.8%Operating margin10.2%Net margin2.1%Free cash flow margin15.0%Fiscal year 2018Gross margin37.3%Operating margin17.5%Net margin3.3%Free cash flow margin16.3%Fiscal year 2019Gross margin22.6%Operating margin0.5%Net margin−4.6%Free cash flow margin4.0%Fiscal year 2020Gross margin22.6%Operating margin2.0%Net margin−1.5%Free cash flow margin1.1%Fiscal year 2021Gross margin26.7%Operating margin7.2%Net margin4.9%Free cash flow margin4.4%Fiscal year 2022Gross margin31.3%Operating margin12.7%Net margin8.2%Free cash flow margin4.0%Fiscal year 2023Gross margin22.2%Operating margin−8.8%Net margin−26.9%Free cash flow margin−19.6%Fiscal year 2024Gross margin28.1%Operating margin−6.4%Net margin−12.6%Free cash flow margin−12.4%Fiscal year 2025Gross margin38.8%Operating margin24.5%Net margin19.8%Free cash flow margin13.4%Fiscal year 2026Gross margin48.9%Operating margin34.5%Net margin72.9%Free cash flow margin27.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 31.8% 37.3% 22.6% 22.6% 26.7% 31.3% 22.2% 28.1% 38.8% 48.9%
Operating margin 10.2% 17.5% 0.5% 2.0% 7.2% 12.7% −8.8% −6.4% 24.5% 34.5%
Net margin 2.1% 3.3% −4.6% −1.5% 4.9% 8.2% −26.9% −12.6% 19.8% 72.9%
Free cash flow margin 15.0% 16.3% 4.0% 1.1% 4.4% 4.0% −19.6% −12.4% 13.4% 27.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow3.44Capital expenditure−0.58Free cash flow2.86Buybacks0.00Dividends paid−0.57Fiscal year 2018Operating cash flow4.21Capital expenditure−0.84Free cash flow3.37 +17.9%Buybacks−0.59Dividends paid−0.59Fiscal year 2019Operating cash flow1.55Capital expenditure−0.88Free cash flow0.67 −80.1%Buybacks−0.56Dividends paid−0.15Fiscal year 2020Operating cash flow0.82Capital expenditure−0.65Free cash flow0.18 −73.6%Buybacks0.00Dividends paid−0.60Fiscal year 2021Operating cash flow1.90Capital expenditure−1.15Free cash flow0.75 +324.9%Buybacks0.00Dividends paid0.00Fiscal year 2022Operating cash flow1.88Capital expenditure−1.12Free cash flow0.76 +0.8%Dividends paid0.00Fiscal year 2023Operating cash flow−0.41Capital expenditure−0.82Free cash flow−1.23 −262.1%Buybacks0.00Dividends paid0.00Fiscal year 2024Operating cash flow−0.29Capital expenditure−0.49Free cash flow−0.78Buybacks0.00Dividends paid0.00Fiscal year 2025Operating cash flow1.69Capital expenditure−0.41Free cash flow1.28Buybacks−0.15Dividends paid−0.04Fiscal year 2026Operating cash flow3.93Capital expenditure−0.42Free cash flow3.51 +174.5%Buybacks−2.59Dividends paid−0.17
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 3.44 4.21 1.55 0.82 1.90 1.88 −0.41 −0.29 1.69 3.93
Capital expenditure −0.58 −0.84 −0.88 −0.65 −1.15 −1.12 −0.82 −0.49 −0.41 −0.42
Free cash flow 2.86 3.37 0.67 0.18 0.75 0.76 −1.23 −0.78 1.28 3.51
Growth +17.9% −80.1% −73.6% +324.9% +0.8% −262.1% +174.5%
Buybacks 0.00 −0.59 −0.56 0.00 0.00 n/a 0.00 0.00 −0.15 −2.59
Dividends paid −0.57 −0.59 −0.15 −0.60 0.00 0.00 0.00 0.00 −0.04 −0.17

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash6.35Total debt13.15Net cash (debt)−6.80Shareholders’ equity11.42Debt to equity1.15Fiscal year 2018Cash5.01Total debt11.17Net cash (debt)−6.17Shareholders’ equity11.53Debt to equity0.97Fiscal year 2019Cash3.46Total debt10.52Net cash (debt)−7.07Shareholders’ equity9.97Debt to equity1.06Fiscal year 2020Cash3.05Total debt9.58Net cash (debt)−6.53Shareholders’ equity9.55Debt to equity1.00Fiscal year 2021Cash3.37Total debt8.73Net cash (debt)−5.36Shareholders’ equity10.80Debt to equity0.81Fiscal year 2022Cash2.33Total debt7.02Net cash (debt)−4.70Shareholders’ equity12.32Debt to equity0.57Fiscal year 2023Cash2.02Total debt7.07Net cash (debt)−5.05Shareholders’ equity10.96Debt to equity0.64Fiscal year 2024Cash1.55Total debt7.43Net cash (debt)−5.88Shareholders’ equity10.82Debt to equity0.69Fiscal year 2025Cash2.11Total debt4.71Net cash (debt)−2.60Shareholders’ equity5.31Debt to equity0.89Fiscal year 2026Cash1.58Total debt1.05Net cash (debt)0.53Shareholders’ equity8.86Debt to equity0.12
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 6.35 5.01 3.46 3.05 3.37 2.33 2.02 1.55 2.11 1.58
Total debt 13.15 11.17 10.52 9.58 8.73 7.02 7.07 7.43 4.71 1.05
Net cash (debt) −6.80 −6.17 −7.07 −6.53 −5.36 −4.70 −5.05 −5.88 −2.60 0.53
Shareholders’ equity 11.42 11.53 9.97 9.55 10.80 12.32 10.96 10.82 5.31 8.86
Debt to equity 1.15 0.97 1.06 1.00 0.81 0.57 0.64 0.69 0.89 0.12

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending July, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Jun 2017 FY2018 29 Jun 2018 FY2019 28 Jun 2019 FY2020 3 Jul 2020 FY2021 2 Jul 2021 FY2022 1 Jul 2022 FY2023 30 Jun 2023 FY2024 28 Jun 2024 FY2025 27 Jun 2025 FY2026 3 Jul 2026
Assets
6.35 5.01 3.46 3.05 3.37 2.33 2.02 1.55 2.11 1.58
1.95 2.20 1.20 2.38 2.26 2.80 1.60 1.23 1.49 2.03
2.34 2.94 3.28 3.07 3.62 3.64 3.70 1.39 1.29 1.51
3.03 3.10 2.84 2.85 3.19 3.67 3.62 2.36 2.34 2.48
10.01 10.08 10.08 10.07 10.07 10.04 10.04 4.32 4.32 4.32
29.86 29.24 26.37 25.66 26.13 26.26 24.55 24.19 14.00 13.86
Growth −2.1% −9.8% −2.7% +1.8% +0.5% −6.5% −1.5% −42.1% −1.0%
Liabilities
0.23 0.18 0.28 0.29 0.25 0.00 1.21 1.75 2.23 1.05
12.92 10.99 10.25 9.29 8.47 7.02 5.86 5.68 2.49 0.00
calc 13.15 11.17 10.52 9.58 8.73 7.02 7.07 7.43 4.71 1.05
18.44 17.70 16.40 16.11 15.41 14.04 12.71 13.14 8.46 5.00
Equity
8.63 8.76 7.45 6.73 7.54 9.04 7.57 6.78 0.76 10.00
11.42 11.53 9.97 9.55 10.80 12.32 10.96 10.82 5.31 8.86
Growth +1.0% −13.6% −4.2% +13.1% +14.1% −11.0% −1.3% −50.9% +66.9%
Per share and net cash
calc −6.80 −6.17 −7.07 −6.53 −5.36 −4.70 −5.05 −5.88 −2.60 0.53
294.0 296.0 295.0 302.0 308.0 315.0 322.0 343.0 347.0 361.0
calc 38.84 38.96 33.79 31.63 35.06 39.12 34.05 31.54 15.31 24.55

Lines marked calc are worked out here from filed figures; point at one for how.