Western Digital (WDC): financials, SEC filings and peers
Western Digital (WDC) is a technology hardware, storage & peripherals company in the Information Technology sector of the S&P 500, headquartered in San Jose, California.
It was founded in 1970 and joined the S&P 500 on July 1, 2009.
Its fiscal year ends in July, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Computer Storage Devices”.
Western Digital at a glance
- Revenue (12 months)
- $14.5B
- Revenue growth
- +43.0%
- Operating margin
- 39.4%
- Net income (12 months)
- $10.0B
- Free cash flow (12 months)
- $4.3B
- Cash
- $1.3B
- Debt
- $1.1B
- Diluted EPS (12 months)
- $25.79
Twelve months to October 2, 2026, from the 10-Q filed October 23, 2026.
Latest twelve months
Over the twelve months to October 2, 2026, Western Digital reported revenue of $14.5 billion, up a strong 43.0% from $10.1 billion a year earlier.
Its operating margin was 39.4%, up 11.8 percentage points from a year earlier: for every $100 of sales, about $39 was left as operating profit.
Net income was $10.0 billion (69.2% of revenue), 288.7% higher than a year earlier.
Operating cash flow was $4.9 billion and capital spending $572 million, leaving free cash flow of $4.3 billion (29.6% of revenue).
At the end of the period it held $1.3 billion in cash and $1.1 billion in debt, a net cash position of $262 million.
The diluted share count rose 2.1% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $16.9 billion in fiscal 2021 to $12.9 billion in fiscal 2026, a decline of about 5.3% a year.
- Revenue has grown for 3 fiscal years in a row.
- Operating margin widened from 7.2% to 34.5% over the same years.
- Free cash flow was negative in 2 of the last 6 fiscal years.
- Western Digital reported a net loss in 2 of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $18.8B | $6.3B | $6.3B | $9.5B | $12.9B |
| Revenue growth | 11.1% | -66.7% | 1.0% | 50.7% | 35.7% |
| Operating margin | 12.7% | -8.8% | -6.4% | 24.5% | 34.5% |
| Net income | $1.5B | −$1.7B | −$798M | $1.9B | $9.4B |
| Free cash flow | $758M | −$1.2B | −$781M | $1.3B | $3.5B |
| Diluted EPS | $4.89 | $-5.37 | $-2.61 | $5.12 | $24.28 |
Fiscal years as reported in Western Digital’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 23, 2026 — quarterly report
- 8-K filed October 22, 2026 — Earnings results
- 8-K filed September 14, 2026 — Regulation FD disclosure; Other event
- 8-K/A filed August 27, 2026 — Unregistered share sale
- 8-K filed August 26, 2026 — Unregistered share sale; Other event
- 10-K filed August 14, 2026 — annual report
- 8-K filed August 5, 2026 — Earnings results
- 8-K filed June 11, 2026 — Other event
Companies like Western Digital
Other S&P 500 companies in Technology Hardware, Storage & Peripherals:
- AAPLApple Inc.Cupertino, California
- DELLDell TechnologiesRound Rock, Texas
- HPEHewlett Packard EnterpriseHouston, Texas
- HPQHP Inc.Palo Alto, California
- NTAPNetAppSan Jose, California
- PEverpureSanta Clara, California
- SMCISupermicroSan Jose, California
- SNDKSandiskMilpitas, California
More from Information Technology
Questions about Western Digital
Is Western Digital's revenue growing?
Yes. Revenue for the twelve months to October 2, 2026 was $14.5 billion, up 43.0% from a year earlier, according to its SEC filings.
Is Western Digital profitable?
Yes. It earned $10.0 billion in net income over the twelve months to October 2, 2026, a net margin of 69.2%.
Does Western Digital have more cash or more debt?
At October 2, 2026 it had $1.3 billion in cash and $1.1 billion in debt, so more cash than debt.
When did Western Digital last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 23, 2026.
Which companies are similar to Western Digital?
In the S&P 500, Western Digital is grouped in Technology Hardware, Storage & Peripherals within the Information Technology sector. Apple Inc. (AAPL), Dell Technologies (DELL), Hewlett Packard Enterprise (HPE), HP Inc. (HPQ), NetApp (NTAP) are in the same group.
Understand the numbers
Source: Western Digital’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 10, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.