Western Digital Corporation (WDC) Stock Analysis
Technology · Computer Hardware · NasdaqGS
Western Digital Corporation (WDC) posted $9.52B in revenue for fiscal 2025 (up 50.7% year over year), at a 19.8% net margin, and has compounded revenue about -10.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Western Digital Corporation
Western Digital Corporation has grown revenue from $0 to $9.52B over the last 10 fiscal years, compounding about -10.7% a year. The most recent year was up 50.7%, so growth is actually accelerating.
Net margin sits at 19.8%, up 32.4 points year over year on a 38.8% gross margin. It carries about $4.71B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Western Digital Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
Western Digital Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $19.09B | $20.65B | $16.57B | $16.74B | $16.92B | $18.79B | $6.25B | $6.32B | $9.52B |
| Gross profit | $3.44B | $6.07B | $7.71B | $3.75B | $3.78B | $4.52B | $5.87B | $1.39B | $1.77B | $3.69B |
| Net income | $242.00M | $397.00M | $675.00M | $-754.00M | $-250.00M | $821.00M | $1.55B | $-1.68B | $-798.00M | $1.89B |
| Net margin | — | 2.1% | 3.3% | -4.6% | -1.5% | 4.9% | 8.2% | -26.9% | -12.6% | 19.8% |
Source: Western Digital Corporation SEC filings (10-K). 18 years of history available in the interactive view.
Western Digital Corporation: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 12.7% over 4 years (308M → 347M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $9163M is 5.4× last year's operating cash flow — it would take years of cash flow to clear.
Explore 18 years of Western Digital Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Western Digital Corporation financial history by metric
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About Western Digital Corporation
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories. It sells its data storage devices and solutions through its computer manufacturers, sales personnel, dealers, distributors, and retailers. The company has a collaboration with Open Quantum Design for the development of quantum error correction technology and related systems to advance reliable quantum computing. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.
Western Digital Corporation — frequently asked questions
What is Western Digital Corporation's revenue?
Western Digital Corporation (WDC) reported revenue of $9.52B for fiscal year 2025, up 50.7% from the prior year, according to its SEC filings.
Is Western Digital Corporation profitable?
Yes. WDC earned net income of $1.89B in fiscal 2025, a net margin of 19.8%.
What is WDC's P/E ratio?
Western Digital Corporation trades at a price-to-earnings ratio of about 32.6 based on the latest data in our nightly-refreshed cache.
How fast is Western Digital Corporation growing?
WDC's revenue grew at roughly -10.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Western Digital Corporation have?
As of fiscal year 2025, WDC carried roughly $4.71B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Western Digital Corporation's gross margin?
WDC's gross margin was 38.8% in fiscal 2025 — gross profit of $3.69B on revenue of $9.52B.
What is Western Digital Corporation's market cap?
Western Digital Corporation (WDC) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Western Digital Corporation's fiscal year end?
WDC's fiscal year ends in June. Its most recent annual filing covers the fiscal year ending 2025-06-27.
Where does this data come from?
All figures are computed from Western Digital Corporation's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.