NASDAQ · Technology · Financials

Western Digital Corp. financials & valuation

Reported statements, fiscal periods and valuation definitions in one place.

Last confirmed price: $352.21+6.09%; Oct 19, 2026, 4:00 PM EDT · Prices may be delayed
Market cap · calculated: $126.99B; Oct 19, 2026 · Valuation and sources

Data dates

Prices as of Oct 19, 4:00 PM EDT · Fundamentals checked Oct 19, 8:05 PM EDT · Statement period ended Jul 3, 2026

Financial statements

Revenue

12.92B

FY2026 · ended Jul 3, 2026

Operating Income

4.45B

FY2026 · ended Jul 3, 2026

Net Income

9.42B

FY2026 · ended Jul 3, 2026

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

Reported statement data. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS reflects the reported share count and any stock splits. A missing quarter may show calculated EPS when the necessary net income and share figures are available. EPS comparisons require consistent accounting and split adjustments. Use Tab to move between controls and arrow keys within the table.

WDC annual income
FY2026Ended Jul 3, 2026Filed Aug 14, 2026Source filing	FY2025Ended Jun 27, 2025Filed Aug 14, 2025Source filing	FY2023Ended Jun 30, 2023As reported in the Aug 14, 2025 filingSource filing	FY2022Ended Jul 1, 2022Filed Aug 20, 2024Source filing	1Y change	3Y annual growth
12.92B	9.52B	6.26B	18.79B	35.7%	27.4%
9.42B	1.89B	-1.68B	1.55B	398.9%	—
6.31B	3.69B	1.39B	5.87B	70.9%	65.5%
4.45B	2.33B	-548M	2.39B	90.8%	—

Earnings quality · Jul 3, 2026

Net income: 9.42B
Free cash flow: 3.51B
Stock-based compensation: 204M
FCF / net income: 37.3%
Accrual gap / revenue: 42.5%
Cash conversion: Weak cash conversion

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly income CSV

Changes between reports

Q4 Jul 3, 2026 versus Q3 Apr 3, 2026

Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).

Revenue: 3.75B↑ +12.3%; Previous: 3.34B · USD
Gross margin: 54.12%↑ +3.9 pp; Previous: 50.22%
Operating margin: 41.71%↑ +6.1 pp; Previous: 35.66%
Net margin: 85.27%↓ -10.8 pp; Previous: 96.04%
Cash: 1.58B↓ -23.0%; Previous: 2.05B · USD
Debt: 1.05B↓ -33.5%; Previous: 1.58B · USD
Inventory: 1.51B↑ +11.3%; Previous: 1.36B · USD
Capex: 108M↓ -25.5%; Previous: 145M · USD
Stock-based compensation: 45M↓ -15.1%; Previous: 53M · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

Read the filings

Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: -23.55%
PEG: —PEG is the forward P/E divided by the expected EPS growth rate in percent.

EPS growth proxy compares the available annual estimate (FY2027 period end 2027-06-30) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. P/E observations without a stated earnings period are excluded. Available P/E observations: 18 since 2026-09-26.

Why valuation ratios differ

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Reporting period and date
Trailing P/E	13.08	Oct 19, 2026, 8:05 PM EDT
Trailing EPS	26.92	Oct 19, 2026, 8:05 PM EDT
Price ÷ annual EPS estimate	17.11×	TECHi calculation · FY2027 period end 2027-06-30

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