NASDAQ · Technology · Financials
Western Digital Corporation (WDC) financial statements and cash flow.
Revenue, profitability, balance-sheet strength, and cash generation for WDC. Market data source · as of 2026-04-03 · Market data source · as of 2026-07-03.
Section freshness
Price Sep 4, 1:34 PM EDT · Statements Apr 2, 8:00 PM EDT
Financial read
WDC latest financial snapshot.
Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.
Revenue
$3.34B
+45.5% YoY
Net income
$3.21B
+74.0% QoQ
Gross margin
50.22%
Gross profit $1.68B
Net margin
96.04%
Operating margin 35.66%
Balance sheet coverage
WDC balance sheet summary
Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.
20 quarterly · 4 annual rows · Market data source · as of 2026-07-03
Latest period
Q2 FY2026
20 quarterly · 4 annual rows
Assets / liabilities
$13.86B
Liabilities $5.00B
Cash / debt
$1.58B
Net cash $527.00M
Equity / working capital
$8.86B
Working capital $1.39B
Financial statements
WDC statement coverage.
Income statement, balance sheet, and cash-flow figures for WDC, with quarterly and annual history in the tables below.
Data last updated
Apr 2, 2026
Income periods
24
Balance-sheet periods
24
Cash-flow periods
24
Quarterly and annual WDC statements, sourced from Market data source · as of 2026-04-03 · Market data source · as of 2026-07-03.
Financial statement period
WDC statement history
Market data source · as of 2026-04-03 · Market data source · as of 2026-07-03 · Data last updated: Apr 2, 2026
Income statement
Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.
| Period | Revenue | Gross profit | Operating income | Interest income | Continuing ops | Net income | Comprehensive income | Net margin | Revenue QoQ | Net income QoQ |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2026 | $3.34B | $1.68B | $1.19B | $3.21B | 96.04% | +10.6% | +74.0% | |||
| Q4 FY2025 | $3.02B | $1.38B | $908.00M | $1.84B | 61.05% | +7.1% | +55.8% | |||
| Q3 FY2025 | $2.82B | $1.23B | $792.00M | $1.18B | 41.94% | +8.2% | +319.1% | |||
| Q2 FY2025 | $2.60B | $1.07B | $282.00M | 10.83% | +13.6% | -45.8% | ||||
| Q1 FY2025 | $2.29B | $912.00M | $760.00M | $520.00M | 22.67% | -4.8% | -12.5% | |||
| Q4 FY2024 | $2.41B | $907.00M | $560.00M | $594.00M | 24.66% | +8.9% | +20.5% | |||
| Q3 FY2024 | $2.21B | $806.00M | $334.00M | $493.00M | 22.29% | +10.4% | +1164.1% | |||
| Q2 FY2024 | $2.00B | $697.00M | $39.00M | 1.95% | +14.4% | -71.1% |
Balance sheet
Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.
| Period | Cash | Current assets | Current liabilities | Total assets | Total liabilities | Total debt | Capital leases | Total equity | Shares | Debt QoQ |
|---|---|---|---|---|---|---|---|---|---|---|
| Q2 FY2026 | $1.58B | $5.63B | $4.24B | $13.86B | $5.00B | $1.05B | $8.86B | -33.5% | ||
| Q1 FY2026 | $2.05B | $6.91B | $4.64B | $15.04B | $5.37B | $1.58B | $9.68B | -66.0% | ||
| Q4 FY2025 | $1.98B | $7.53B | $5.18B | $15.61B | $8.27B | $4.66B | $7.11B | -0.6% | ||
| Q3 FY2025 | $2.05B | $6.28B | $5.17B | $14.36B | $8.24B | $4.68B | $5.89B | -0.6% | ||
| Q2 FY2025 | $2.11B | $5.86B | $5.42B | $14.00B | $8.46B | $4.71B | $5.31B | -35.8% | ||
| Q1 FY2025 | $3.48B | $8.09B | $5.18B | $16.37B | $10.96B | $7.33B | $5.18B | -0.4% | ||
| Q4 FY2024 | $2.29B | $9.37B | $4.71B | $25.46B | $13.11B | $7.37B | $12.12B | -0.5% | ||
| Q3 FY2024 | $1.71B | $8.94B | $6.09B | $24.77B | $12.90B | $7.40B | $11.64B | -0.5% |
Cash flow
Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.
| Period | Operating cash flow | CapEx | Free cash flow | Net income | Stock comp | Debt issuance | Dividends paid | Buybacks | Change in cash | FCF QoQ |
|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2026 | $3.21B | |||||||||
| Q4 FY2025 | $1.84B | |||||||||
| Q3 FY2025 | $1.18B | |||||||||
| Q2 FY2025 | $282.00M | |||||||||
| Q1 FY2025 | $520.00M | |||||||||
| Q4 FY2024 | $594.00M | |||||||||
| Q3 FY2024 | $493.00M | |||||||||
| Q2 FY2024 | $39.00M |
Valuation and returns
- Enterprise value
- $166.78B
- TECHi computed
- Return on equity
- 73.45%
- Market data source
- Return on assets
- 46.97%
- Market data source
- Debt / equity
- 0.12
- Current ratio 1.33
Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.
Annual revenue and income multiples
Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.
- Annual revenue base
- $10.73B
- Annual statement 2026-01-02
- Annual income base
- $3.83B
- Annual statement 2026-01-02
- Market cap / annual revenue
- 15.59
- Live market value divided by annual revenue
- Market cap / annual income
- 43.73
- Live market value divided by annual net income
Annual sales and income multiple
Market capitalization bridge
TTM valuation multiples
- TTM revenue
- $11.78B
- Trailing twelve months
- Market cap / TTM revenue
- 14.21
- Live market value divided by trailing twelve months revenue
- EV / TTM revenue
- 14.16
- Enterprise value divided by trailing twelve months revenue
Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.
Profit multiples
Revenue, net income, and free cash flow
Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.
Efficiency
- Revenue / employee
- $294,425
- 40,000 employees
- Net income / employee
- $162,775
- TTM net income divided by employees
- Market cap / employee
- $4.18M
- Live value per employee
Growth vs cost pressure
Quarterly margin heatmap
Latest quarter expense mix
Profit bridge
Other income statement lines
Balance sheet · Q2 FY2026
- Cash & equivalents
- $1.58B
- Total debt
- $1.05B
- Net cash
- $527.00M
- Net cash position
- Total equity
- $8.86B
Balance sheet detail
- Current assets
- $5.63B
- Current liabilities
- $4.24B
- Inventory
- $1.51B
- Receivables
- $2.03B
- Property, plant & equipment
- $2.48B
- Current debt
- $1.05B
Debt and liquidity
Cash + short-term investments + receivables / current liabilities
Cash generation
Frequently asked
Common questions.
What financial data is available for WDC?
The WDC Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Western Digital Corporation. Missing modules and empty line items are omitted.
How current are WDC's financial statements?
Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.
What is Western Digital Corporation's reported net margin?
Western Digital Corporation's fresh reported margin field is 55.29%. The Financials page shows the supporting period data currently available for WDC.