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Technology · NASDAQ: WDC

Western Digital: how the business works

Western Digital makes hard disk drives, mostly for cloud data centers, with revenue of $12.9 billion in FY2026.

By · Checked against filings: . Editorial policy. Corrections

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Western Digital Corporation · San Jose, California · Founded 1970

Updated for Q1 FY2027 · checked

Revenue, FY2026
$12.9B
Operating income, FY2026
$4.5B
Net income, FY2026 (incl. Sandisk share gain)
$9.4B
Revenue, Q1 FY2027
$4.4B
Employees, July 2026
About 40,000

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

Western Digital in 5 points

  1. 1 · What it sells

    Western Digital makes hard disk drives, mostly high-capacity drives for cloud data centers, and had FY2026 revenue of $12.9 billion.

    More: what it sells

  2. 2 · Who pays it

    In FY2026, cloud and enterprise data centers (Cloud) paid 88.9% of revenue, PC makers and channel customers (Client) 5.6%, and retail and channel partners serving shoppers (Consumer) 5.4%.

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2026, Western Digital kept $48.4 as net income, including a $6.5 billion non-operating gain on Sandisk shares, while operating income was $34.5 per $100 of revenue.

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    Western Digital has one reportable segment, hard drives, and does not report profit by end market; its total FY2026 operating income was $4.5 billion.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    Western Digital's gross margin was 22.2% in FY2023 and 57.8% in Q1 FY2027, and in that quarter its Cloud price per exabyte was about 25% higher than a year earlier.

    More: the one thing to watch

Sources: From Western Digital's FY2026 and FY2025 10-Ks, Q1 FY2027 10-Q and Q1 FY2027 earnings release · checked

See the full receipt and the management scorecard below

Sources (4)
Next: Where $100 goes

01Where the money goes · FY2026

Where does $100 of Western Digital's money go?

Of every $100 that came in (revenue plus other income), this is where it went.

Western Digital · FY2026

Receipt for every $100

Where $100 of Western Digital's money went in FY2026
Cost of revenue$33.9
Research and development$6.0
Selling, general and admin$2.8
Business realignment charges$0.8
Interest, exchange costs and other$5.6
Income tax$2.5
Kept as net income$48.4
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Cityfort calculation from the FY2026 10-K. Of every $100 that came in during FY2026 (revenue plus the Sandisk share gain and interest income): each line = line ÷ $19.5 billion × 100. The profit line includes the $6.5 billion gain on Sandisk shares, which is not cash from customers.

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Sources (1)
Next: The business in one line

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02The business in one line

What does Western Digital do?

Cloud data center operators, PC makers and retail partners pay Western Digital for hard drives; most of the money goes on making them, and FY2026 left $34.5 of operating income per $100 of revenue.

  • Cloud customers brought in 88.9% of FY2026 revenue. The top 10 customers bought 73%, and three of them each bought 10% or more.
  • Western Digital spun off its flash memory business as Sandisk on Feb 21, 2025. Every figure on this page covers hard drives only.
Next: Who pays it

03Who pays it

Who pays Western Digital?

  • Cloud and enterprise data centers (Cloud)

    89%

    of revenue

    Hyperscale cloud service providers, neoclouds and enterprise customers buying high-capacity drives. Cloud was 88% of revenue in Q1 FY2027.

  • PC makers and channel customers (Client)

    6%

    of revenue

    Makers of desktop and notebook computers, and channel customers, buying drives built into PCs.

  • Retail and channel partners serving shoppers (Consumer)

    5%

    of revenue

    Retailers and channel partners that sell Western Digital's external drives to shoppers.

  • Cloud and enterprise data centers (Cloud)89%
  • PC makers and channel customers (Client)6%
  • Retail and channel partners serving shoppers (Consumer)5%

Customer concentration

Top 10 customers were 73% of FY2026 revenue, up from 55% in FY2024, and three customers bought 16%, 15% and 13%. In Q1 FY2027 the top 10 were 64%, and two customers bought 14% and 13%. End-market shares are a Cityfort calculation from the FY2026 10-K.

Largest customer
16%
Top 10 customers
73%
Sources (2)
Next: Why it makes money

04Why it makes money

Why does Western Digital make money?

The price of storage, as well as the amount sold, decides how much Western Digital earns.

In Q1 FY2027 revenue rose by $1.56 billion from a year earlier (13 weeks against 14), while cost of revenue rose by $256 million. Gross margin was 22.2% in FY2023 and 57.8% in Q1 FY2027. The 10-K lists swings in demand and prices among its risks.

Gross profit per $100 of revenue

$22.2$57.8

FY2023 to Q1 FY2027

  1. Cloud customers buy storage, measured in exabytes
  2. Western Digital makes its own heads and disks
  3. Its plants in Asia and California assemble and test the drives
  4. Higher-capacity drives lower the cost of each unit of storage over time
  5. The price per exabyte moves with demand and supply
  6. Price gains reach gross profit with a smaller rise in cost

↺ Step 6 feeds back into step 1.

Sources (2)
Next: Business segments

05Business segments · FY2026

Which businesses make up Western Digital?

  • Cloud

    89%

    Drives for cloud and enterprise data centers. Q1 FY2027 revenue was $3.87 billion, up 54%, on more than 20% more exabytes shipped and an about 25% higher price per exabyte.

    Revenue $11.5B

  • Client

    6%

    Drives for desktop and notebook PCs. Q1 FY2027 revenue was $320 million, up 119%, on about 15% more exabytes and an about 90% higher price per exabyte.

    Revenue $726M

  • Consumer

    5%

    External drives for shoppers. Q1 FY2027 revenue was $193 million, up 19%, as an about 70% higher price per exabyte outweighed about 30% fewer exabytes.

    Revenue $703M

How the mix changed

  • Cloud
  • Client
  • Consumer

Revenue by segment, FY2022 to FY2026.

US$

See the numbers
How the mix changed (US$)
YearCloudClientConsumer
FY2022$6.8B$1.0B$1.2B
FY2023$4.8B$691M$811M
FY2024$5.1B$577M$688M
FY2025$8.3B$556M$623M
FY2026$11.5B$726M$703M
Sources (4)
Next: How has it done

06The numbers · Consolidated · US$

How has Western Digital done?

Revenue

$12.9BFY2026

Hard drive revenue fell to $6.3 billion in FY2023, rose to $12.9 billion in FY2026 and reached $4.4 billion in Q1 FY2027 alone.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2022$9.0B
FY2023$6.3B
FY2024$6.3B
FY2025$9.5B
FY2026$12.9B
Q1 FY2025$2.2B
Q2 FY2025$2.4B
Q3 FY2025$2.3B
Q4 FY2025$2.6B
Q1 FY2026$2.8B
Q2 FY2026$3.0B
Q3 FY2026$3.3B
Q4 FY2026$3.7B
Q1 FY2027$4.4B

Net profit

$9.3BFY2026

Net income to common stockholders went from a $926 million loss in FY2023 to $9.3 billion in FY2026, which included a $6.5 billion gain on Sandisk shares.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2022−$290M−$0.93
FY2023−$926M−$2.91
FY2024−$819M−$2.51
FY2025$1.6B$4.45
FY2026$9.3B$24.28
Q1 FY2025$149M$0.42
Q2 FY2025$455M$1.27
Q3 FY2025$755M$2.11
Q4 FY2025$243M$0.67
Q1 FY2026$1.2B$3.07
Q2 FY2026$1.8B$4.73
Q3 FY2026$3.2B$8.20
Q4 FY2026$3.2B$8.21
Q1 FY2027$1.8B$4.63

Profit kept per $100 of revenue

$72.0FY2026

Net income per $100 of revenue went from a $14.8 loss in FY2023 to $72.0 in FY2026, lifted by the Sandisk share gain, while operating income was $34.5 per $100 in FY2026.

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY2022−3.2%9.1%
FY2023−14.8%−2.5%
FY2024−13.0%−0.9%
FY202516.8%28.0%
FY202672.0%37.4%

Free cash flow

$3.5BFY2026

Free cash flow went from negative $1.2 billion in FY2023 to $3.5 billion in FY2026; years up to FY2025 include the flash business until Feb 21, 2025.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2022$1.9B$1.1B$758M
FY2023−$408M$821M−$1.2B
FY2024−$294M$487M−$781M
FY2025$1.7B$412M$1.3B
FY2026$3.9B$418M$3.5B
See all yearly numbers
Western Digital annual financials, FY2022–FY2026, US$
YearRevenueEBITDANet profitEPS ($)Net income, total (US$)Operating cashCapexFree cash
FY2022 (restated)$9.0B$826M−$290M−$0.93$1.5B$1.9B$1.1B$758M
FY2023 (restated)$6.3B−$159M−$926M−$2.91−$1.7B−$408M$821M−$1.2B
FY2024 (restated)$6.3B−$56M−$819M−$2.51−$798M−$294M$487M−$781M
FY2025$9.5B$2.7B$1.6B$4.45$1.9B$1.7B$412M$1.3B
FY2026$12.9B$4.8B$9.3B$24.28$9.4B$3.9B$418M$3.5B

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (ends on the Friday nearest June 30; FY2026 ended Jul 3, 2026 and had 53 weeks, and Q1 FY2026 had 14. Revenue, profit and EPS are continuing operations (hard drives only, without the flash business spun off as Sandisk); FY2022 is a preliminary, unaudited recast from the 8-K filed Apr 7, 2025). Net profit is the share belonging to the company's owners. Total net income differs from net profit to the company's owners: FY2026 net income was $9,424 million, all from hard drives. After $12 million of preferred dividends, $126 million allocated to the preferred stock before its Feb 2026 conversion and a $12 million diluted re-allocation, $9,298 million belonged to common stockholders. Both include a $6,498 million gain on Sandisk shares.

Download Western Digital's yearly and quarterly numbers (CSV, with source ids)

Learn: Fiscal years that don't end in December: Nvidia's FY2027 explained · Stock-based compensation and dilution: pay that becomes shares

Sources (11)
Next: What they said, and what happened

07Who runs it

Who runs Western Digital, and did they deliver?

  • Irving Tan

    Chief Executive Officer · since 2025

    CEO since February 2025. FY2026 total pay was $17.2 million, 1,457 times the median employee's $11,787.

  • Kris Sennesael

    Chief Financial Officer

    Named as CFO in the Q1 FY2027 earnings release.

  • Martin I. Cole

    Independent Chair of the Board · since 2025

    Chair since February 2025. The Board keeps the Chair and CEO roles separate.

What they said, and what happened

5 delivered · 1 too early to tell

  1. Said on Jul 30, 2025

    Western Digital guided Q1 FY2026 revenue of $2.70 billion, plus or minus $100 million.

    What happened

    Reported revenue of $2.82 billion, above the range. The quarter had 14 weeks.

    Delivered

  2. Said on Oct 30, 2025

    Western Digital guided Q2 FY2026 revenue of $2.9 billion, plus or minus $100 million.

    What happened

    Reported revenue of $3.02 billion, above the range.

    Delivered

  3. Said on Jan 29, 2026

    Western Digital guided Q3 FY2026 revenue of $3.2 billion, plus or minus $100 million.

    What happened

    Reported revenue of $3.34 billion, above the range.

    Delivered

  4. Said on Apr 30, 2026

    Western Digital guided Q4 FY2026 revenue of $3.65 billion, plus or minus $100 million.

    What happened

    Reported revenue of $3.75 billion, within the range and above its midpoint.

    Delivered

  5. Said on Aug 5, 2026

    Western Digital guided Q1 FY2027 revenue of $4.1 billion, plus or minus $100 million, and non-GAAPThe company's own "adjusted" numbers, not the official (GAAP) ones. Always read them next to the official figure. Learn more diluted EPS of $4.00, plus or minus $0.15.

    What happened

    Reported revenue of $4.38 billion and non-GAAP diluted EPS of $4.64, both above the range. GAAP diluted EPS was $4.63.

    Delivered

  6. Said on Oct 22, 2026

    Western Digital guided Q2 FY2027 revenue of $5.1 billion, plus or minus $100 million.

    What happened

    Q2 FY2027 results are not out yet.

    Too early to tell
Sources (7)
Next: What could go wrong

08What could go wrong

What could go wrong for Western Digital?

  • Concentration

    A few large customers buy most of the drives

    The top 10 customers bought 73% of FY2026 revenue, and three bought 16%, 15% and 13%. At Oct 2, 2026 three customers made up 21%, 14% and 12% of receivables, money customers still owe. The 10-K says hyperscale customers could lower their investment in AI infrastructure.

    Watch The customer note in each 10-Q and 10-K.

  • Pricing

    Prices and demand for storage move both ways

    Hard drive revenue fell 30.8% in FY2023, when the operating loss was $548 million. Gross margin was 22.2% that year and 57.8% in Q1 FY2027. The 10-K lists swings in demand and prices, and the industry's cycles, among its risks.

    Watch Exabytes shipped against price per exabyte, in each 10-Q.

  • Technology

    Moving to new recording technology

    The 10-K says failing to manage technology transitions, including the move to HAMR, could harm the business, and that gross margin could face pressure if new technology does not reach the yields it wants.

    Watch What each 10-K and 10-Q says about HAMR, and gross margin.

  • Regulation

    Trade rules and tariffs

    International sales were 60% of FY2026 revenue, and most of its assembly and test plants are in Thailand, Malaysia, the Philippines and China. The 10-K names changes in US trade policy and tariffs as a risk.

    Watch Tariff statements in each 10-Q.

  • Execution

    Some parts come from few suppliers

    Western Digital buys every part except heads and disks from outside suppliers, and some come from a single source. The 10-K names its dependence on a limited number of qualified suppliers as a risk.

    Watch Supply statements and purchase obligations ($310 million at Jul 3, 2026) in each 10-K.

  • Pricing

    Long-term agreements fix some prices

    Western Digital sells to some customers under long-term agreements at predetermined or formula-based prices. The 10-K lists execution, financial and market risks in these agreements.

    Watch What each 10-K says about long-term agreements.

  • Other

    More shares from convertible notes

    Shares outstanding rose from 360.5 million on Aug 7, 2026 to 374.3 million on Oct 15, 2026, as convertible notes were settled partly in shares. The remaining $141 million of notes are called for Nov 16, 2026, and the company said it expects holders of substantially all of them to convert first; it pays the principal in cash and the rest in shares.

    Watch Shares outstanding on the next 10-Q cover.

Sources (5)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Hard drive revenue rose from $6.3 billion in FY2023 to $12.9 billion in FY2026, and was $4.4 billion in Q1 FY2027.
  • Gross margin rose every quarter from 36.4% in Q1 FY2025 to 57.8% in Q1 FY2027.
  • Reported revenue was above the guided range in four of the five quarters from Q1 FY2026 to Q1 FY2027, and within it in the fifth.
  • Debt fell from $7.5 billion at Jun 28, 2024 to $791 million at Oct 2, 2026.
  • FY2026 free cash flow was $3.5 billion, and buybacks and dividends took $2.78 billion of it.

What critics point to

  • Western Digital had operating losses of $548 million in FY2023 and $403 million in FY2024.
  • The top 10 customers bought 73% of FY2026 revenue, and Cloud was 88.9% of it.
  • FY2026 net income of $9.4 billion included a $6.5 billion gain on Sandisk shares, and Western Digital held none at Jul 3, 2026.
  • Shares outstanding rose from 360.5 million on Aug 7, 2026 to 374.3 million on Oct 15, 2026, as convertible notes were settled partly in shares.
  • International sales were 60% of FY2026 revenue, and the 10-K names US trade policy and tariffs as a risk.
Next: What to watch next

10What to watch next

What should you watch next at Western Digital?

Next event

Q2 FY2027 results

Date not announced yet.

  • Revenue against the $5.1 billion statement

    Western Digital said on Oct 22, 2026 that it expected Q2 FY2027 revenue of $5.1 billion, plus or minus $100 million. Reported revenue was above or within its guided range in each of the last five quarters.

  • Exabytes against price per exabyte

    Each 10-Q splits revenue growth into exabytes shipped and price per exabyte. In Q1 FY2027 Cloud exabytes rose more than 20% and the Cloud price per exabyte about 25%.

  • Share count after the note redemption

    The remaining $141 million of convertible notes are called for Nov 16, 2026. Shares outstanding were 374.3 million on Oct 15, 2026.

Next: Key dates

11Key dates

What are the key dates for Western Digital?

Dates as stated in the filings. A date that no filing has given yet shows as not yet stated.
Key dates for Western Digital
EventDateSource
Remaining 3.00% convertible notes due 2028 redeemed$141 million of principal was outstanding at Oct 2, 2026. The company said it expects holders of substantially all of them to convert first; it pays the principal in cash and the rest in shares.8-K filed Sep 14, 2026: notice to redeem all 3.00% convertible notes due 2028 on Nov 16, 2026; Form 10-Q, Q1 fiscal 2027 (quarter ended Oct 2, 2026)
Annual meeting of stockholdersHolders of record on Sep 22, 2026 can vote.2026 proxy statement (DEF 14A, annual meeting Nov 20, 2026)
Quarterly dividend of $0.175 a share paidTo stockholders of record on Dec 4, 2026.Q1 fiscal 2027 earnings release (Form 8-K Ex. 99.1, Oct 22, 2026)
Revolving credit facility matures (January 2027)$650 million was drawn at Oct 2, 2026.Not yet statedForm 10-K, fiscal 2026 (year ended Jul 3, 2026); Form 10-Q, Q1 fiscal 2027 (quarter ended Oct 2, 2026)

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy

Sources (5)
Next: Key facts

12Key facts

Key facts about Western Digital

What does Western Digital do?
Western Digital Corporation makes hard disk drives, which store data as magnetic marks on spinning disks. Western Digital sells them mainly to cloud data centers, and also for PCs and as external drives. Its FY2026 revenue was $12.9 billion. Its flash memory business became a separate company, Sandisk, on Feb 21, 2025.
How does Western Digital make money?
Western Digital makes money by selling hard drives, and its revenue depends on how much storage it ships and the price per unit of storage. Western Digital's FY2026 revenue rose 36% to $12.9 billion, from 25% more exabytes sold and an 8% higher average price per exabyte.
What is Western Digital's business model?
Western Digital designs and makes substantially all of the recording heads and magnetic disks inside its drives, and assembles and tests the drives in its own plants in Thailand, Malaysia, the Philippines, China and California. Western Digital sells to some customers under long-term agreements. FY2026 operating income was $4.5 billion on revenue of $12.9 billion.
Who are Western Digital's customers?
Western Digital sells to hyperscale cloud service providers, neoclouds, computer makers, resellers, distributors and retailers. Western Digital's top 10 customers were 73% of FY2026 revenue, and three customers bought 16%, 15% and 13%. Its filings do not name them.
Is Western Digital profitable?
Western Digital had FY2026 operating income of $4.5 billion on revenue of $12.9 billion. Western Digital's FY2026 net income of $9.4 billion included a $6.5 billion non-operating gain on Sandisk shares. Western Digital had operating losses of $548 million in FY2023 and $403 million in FY2024.
What is Western Digital's revenue by segment?
Western Digital has one reportable segment, hard drives, and reports revenue by end market. In FY2026 Cloud brought in $11.5 billion (88.9%), Client $726 million (5.6%) and Consumer $703 million (5.4%). Western Digital does not report profit by end market.
Who owns Western Digital?
Western Digital has one class of common stock with one vote per share, and 374.3 million shares on Oct 15, 2026. FMR reported 9.2% as of Sep 30, 2026. Western Digital's 2026 proxy lists BlackRock at 8.5%, Vanguard Capital Management at 7.5% and JPMorgan Chase at 5.3%, each from its own filing; 14 directors and executive officers held under 1%.
What is Western Digital's Cloud business?
Western Digital's Cloud business sells high-capacity enterprise hard drives for public and private cloud data centers, enterprise customers and smart video systems. Western Digital's Cloud revenue was $11.5 billion in FY2026 and $3.9 billion in Q1 FY2027, up 54% from a year earlier.
What is Western Digital's Client business?
Western Digital's Client business sells hard drives for desktop and notebook computers to device makers and channel customers. Western Digital's Client revenue was $726 million in FY2026 and $320 million in Q1 FY2027.
What is Western Digital's Consumer business?
Western Digital's Consumer business sells external hard drives through retail and channel partners around the world. Western Digital's Consumer revenue was $703 million in FY2026 and $193 million in Q1 FY2027.
Sources (6)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

13What it sells

13What it sells

What does Western Digital sell?

Western Digital makes hard disk drives, sold under the Western Digital and WD brands. Most are high-capacity drives for cloud data centers, which keep large amounts of data for years. It also sells drives for PCs and external drives for shoppers.

  • Cloud ($11.5B in FY2026)

    High-capacity enterprise hard drives for public and private cloud data centers, enterprise customers and smart video systems.

  • Client ($726M)

    Hard drives for desktop and notebook computers, sold to device makers and channel customers.

  • Consumer ($703M)

    External hard drives sold around the world through retail and channel partners.

Think of it like this

A hard drive works a bit like a record player: a tiny head on an arm writes and reads data as magnetic marks on spinning disks.

What it does

  • Does: Designs and makes substantially all of the recording heads and magnetic disks in its drives
  • Does: Assembles and tests drives in its own plants in Thailand, Malaysia, the Philippines, China and California
  • Does: Sells to some customers under long-term agreements with predetermined or formula-based prices

What it does not do

  • Does not: No longer sells flash memory: that business became Sandisk on Feb 21, 2025
  • Does not: Does not name its customers
  • Does not: Does not report profit for Cloud, Client or Consumer separately
  • Does not: Held no Sandisk shares at Jul 3, 2026
Sources (1)
14How the money flows

14How the money flows · FY2026

How does money flow through Western Digital?

Money in

  • Cloud$11.5B
  • Client$726M
  • Consumer$703M
  • Gain on Sandisk shares ($6,498M, not cash from customers) and interest income ($51M)$6.5B

The company

Western Digital

$19.5B came in

Money out

  • Cost of revenue$6.6B
  • Research and development$1.2B
  • Selling, general and admin$551M
  • Business realignment charges$146M
  • Interest, debt and share exchange costs, and other expense$1.1B
  • Income tax$481M
  • Net income$9.4B
  1. Cloud data centers, PC makers and retail partners paid Western Digital $12.9 billion in FY2026.
  2. Cost of revenue, the cost of making the drives sold, took $6.6 billion.
  3. Research, sales, admin and realignment costs took $1.9 billion. That left $4.5 billion of operating income, or $34.5 per $100 of revenue.
  4. A $6.5 billion gain on the Sandisk shares it kept after the spin-off came in. Interest, $907 million of debt and share exchange costs and other expense took $1.1 billion.
  5. After $481 million of income tax, $9.4 billion was left as net income.
Sources (1)
15What it needs to run

15What it needs to run

What does Western Digital need to run?

  • Heads and disks made in-house

    Western Digital designs and makes substantially all of the recording heads and magnetic media in its drives. All other parts come from outside suppliers, some from a single source.

  • Assembly and test plants

    Prachinburi and Bang Pa-In in Thailand; Penang, Johor Bahru and Kuching in Malaysia; Laguna in the Philippines; Shenzhen in China; and San Jose and Fremont in California.

  • Research and patents

    About 4,700 active patents. Research and development cost $1.16 billion in FY2026.

  • People

    About 40,000 employees in 24 countries at the end of FY2026, about 88% of them in Asia Pacific.

Sources (1)
16Where it sells

16Where it sells · FY2026, by where products were shipped

Where does Western Digital sell?

  • Americas44%
  • Asia40%
  • Europe, Middle East and Africa16%
Sources (1)
17Competitors and what protects it

17Competitors and what protects it

Who does Western Digital compete with?

Western Digital's FY2026 10-K names two hard drive makers as competitors. It also lists flash memory suppliers, whose chips are another way to store data, and storage system providers.

  • Seagate Technology Holdings plc

    Named in Western Digital's FY2026 10-K as a hard drive competitor.

  • Toshiba Electronic Devices & Storage Corporation

    Named in Western Digital's FY2026 10-K as a hard drive competitor.

What protects the business

Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.

  • Own heads and disks3 of 5

    Western Digital makes substantially all of its recording heads and magnetic media, so it relies less on other makers' technology for them, its 10-K says. The 10-K also says this can mean more capital spending and fixed costs.

  • Patents and research3 of 5

    About 4,700 active patents, and research and development spending of $1.16 billion in FY2026.

  • Few hard drive rivals3 of 5

    The 10-K names two hard drive competitors, Seagate and Toshiba, but also flash memory suppliers that offer another way to store data.

  • Control over price2 of 5

    Gross margin was 22.2% in FY2023 and 57.8% in Q1 FY2027. The 10-K lists customer demands to cut prices before it can cut costs among events it has faced and may face again.

Weak spot

A few large buyers

The top 10 customers bought 73% of FY2026 revenue, and three bought 16%, 15% and 13%. The 10-K names the loss of revenue from Cloud or other key customers as its first risk.

Sources (3)
18Where growth could come from

18Where growth could come from

Where could Western Digital's growth come from?

Western Digital said on Oct 22, 2026 that it expected Q2 FY2027 revenue of $5.1 billion, plus or minus $100 million, and non-GAAP gross margin of 60% to 61%. It gives guidance only on a non-GAAP basis.
Management statement, Oct 22, 2026. Reported as a statement, not our forecast.

  • Cloud drives

    Working

    $3.87B in Q1 FY2027, up 54%

    Cloud revenue rose on more than 20% more exabytes shipped and an about 25% higher price per exabyte. The 10-Q says demand was for its high-capacity products.

    Status: Working, on track against what the company said.

  • Drives for PCs

    Working

    $320M in Q1 FY2027, up 119%

    Client revenue rose on about 15% more exabytes and an about 90% higher price per exabyte. The 10-Q puts the price rise down to a shift to higher-capacity drives and better pricing.

    Status: Working, on track against what the company said.

  • A wider customer base

    Early

    Top 10 customers: 64% of Q1 FY2027 revenue

    The top 10 share was 73% in Q1 FY2026, as shown in the Q1 FY2027 10-Q. The FY2026 10-K says more of its business may shift to neoclouds and other customers.

    Status: Early, too early to judge.

  • HAMR, a new recording method

    Early

    R&D of $1.16B in FY2026

    The FY2026 10-K lists heat-assisted magnetic recording (HAMR), which raises how much each drive holds, on its product roadmap. It also names the move to HAMR as a risk.

    Status: Early, too early to judge.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (3)
19The company's own measures (non-GAAP)

19The company's own measures · FY2026 and Q1 FY2027

What do Western Digital's own measures show?

Adjusted (non-GAAP) figures are Western Digital's own measures, shown next to the official (GAAP) number. They are never added together.

  • Official (GAAP): Operating income, FY2026

    $4.5B

    Company's own measure: Non-GAAP operating income, FY2026

    $4.8B

    Leaves out stock-based compensationPay given as shares instead of cash, which spreads ownership more thinly. Learn more, business realignment charges and some other items.

  • Official (GAAP): Net income, FY2026

    $9.4B

    Company's own measure: Non-GAAP net income, FY2026

    $3.9B

    Also leaves out the $6,498 million gain on Sandisk shares and the debt and share exchange costs, and makes tax adjustments, so it is well below GAAP net income this year.

  • Official (GAAP): Diluted EPS, FY2026

    $24.28

    Company's own measure: Non-GAAP diluted EPS, FY2026

    $10.22

    Same definition, per share. The non-GAAP share count also deducts shares covered by the company's capped call contracts.

  • Official (GAAP): Gross margin, Q1 FY2027

    57.8%

    Company's own measure: Non-GAAP gross margin, Q1 FY2027

    58.1%

    Leaves out stock-based compensation and other items in cost of revenue.

  • Official (GAAP): Diluted EPS, Q1 FY2027

    $4.63

    Company's own measure: Non-GAAP diluted EPS, Q1 FY2027

    $4.64

    Same definition. Western Digital held no Sandisk shares during this quarter.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out · Stock-based compensation and dilution: pay that becomes shares

Sources (3)
20Financial strength and debt

20Financial strength · Oct 2, 2026

How much debt does Western Digital have?

At Oct 2, 2026 Western Digital had $1.3 billion of cash and $791 million of debt. At Jun 28, 2024 its debt was $7.5 billion.
  • Total debt$791M
  • Cash and investments$1.3B
  • Net cash (cash minus debt)$523M
  • Net worth (shareholders' money)$9.3B
Debt to equity
0.08×
$ of debt for every $1 of shareholders' money
Interest cover
27×
how many times operating profit covers interest
  • Net cash of $523 million is a Cityfort calculation from the Q1 FY2027 earnings release and Q1 FY2027 10-Q: cash of $1,314 million minus debt principal of $791 million.
  • Debt at Oct 2, 2026 was $650 million drawn on a revolving credit facility that matures in January 2027, and $141 million of 3.00% convertible notes due 2028, all called for redemption on Nov 16, 2026.
  • The term loan and the senior notes due 2026, 2029 and 2032 were all retired in FY2026, partly with Sandisk shares.
  • Interest coverage of 27.0 is FY2026 operating income divided by interest expense of $165 million (Cityfort calculation from the FY2026 10-K).
  • Balance sheets before June 2025 include the flash business.
Sources (5)
21Who owns it

21Who owns it · ownership as of Sep 22, 2026

Who owns Western Digital?

Western Digital has one class of common stock, one vote per share. Holders of record on Sep 22, 2026 can vote at the annual meeting. In the proxy's Sep 8, 2026 table, 14 directors and executive officers held 732,929 shares, 0.2% (Cityfort calculation from the 2026 proxy statement; the proxy says under 1%), and CEO Irving Tan held 366,678 of them. Each holder's percentage is as stated in its own filing, and the filings have different dates.
Officers and directors (as a group), shares
0.2%
Share classes
Western Digital share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Common stock (Shares outstanding on Oct 15, 2026 (Q1 FY2027 10-Q cover), up from 360.5 million on Aug 7, 2026 as convertible notes were settled partly in shares.)374.31–––Yes
Holders of 5% or more
Western Digital holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
FMR LLC9.2%–Nov 5, 2026S21, S20Schedule 13G/A filed Nov 5, 2026: 31,555,815 shares as of Sep 30, 2026. The proxy table showed 7.2% from an earlier filing.
BlackRock, Inc.8.5%–Jan 25, 2024S202026 proxy table: 27,712,800 shares, as reported in BlackRock's Schedule 13G/A filed Jan 25, 2024.
Vanguard Capital Management7.5%–Apr 30, 2026S22, S20Schedule 13G filed Apr 30, 2026: 25,402,917 shares as of Mar 31, 2026, also listed in the 2026 proxy.
JPMorgan Chase & Co.5.3%–Apr 22, 2025S202026 proxy table: 18,496,725 shares, as reported in its Schedule 13G/A filed Apr 22, 2025.

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Insider trades · Form 4 data as of Nov 6, 2026

What did Western Digital's insiders report trading?

Western Digital's insiders made 148 Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings in the 12 months to Nov 6, 2026.

They reported no purchases and 220 sales (229,150 shares) in the open market or privately (codes P and S).

202 of the 220 sales were on forms with the Rule 10b5-1 plan box checked.

The same filings report 192 other share transactions (M: 88, F: 82, A: 16, G: 4, J: 2).

They also report 146 transactions in options, stock units or other derivatives.

Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.

P
a purchase in the open market or privately
S
a sale in the open market or privately
A
a grant, award or other acquisition from the company under Rule 16b-3
F
shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
M
exercise or conversion of an option or other derivative, exempt under Rule 16b-3
G
a bona fide gift
J
another acquisition or disposition, described in a footnote

Code meanings: General Instruction 8 of Form 4 (SEC).

The latest 25 of 412 transactions
Western Digital's insider transactions reported on Form 4 in the 12 months to Nov 6, 2026, newest filing first
InsiderTrade dateCodeSharesPriceHeld after10b5-1 boxFiling
Cole Martin IDirectorOct 29, 2026S204 D$390.040621,229CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S385 D$391.045820,844CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S407 D$392.418120,437CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S494 D$393.219319,943CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S243 D$394.409819,700CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S209 D$395.304319,491CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S317 D$396.313819,174CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S584 D$397.479218,590CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S723 D$398.449917,867CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S303 D$399.356917,564CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S88 D$400.329417,476CheckedForm 4, filed Oct 30, 2026
Cole Martin IDirectorOct 29, 2026S43 D$401.467517,433CheckedForm 4, filed Oct 30, 2026
Tregillis Cynthia LChief Legal Officer & Corp SecOct 21, 2026S807 D$380.00108,927.657CheckedForm 4, filed Oct 22, 2026
Tregillis Cynthia LChief Legal Officer & Corp SecOct 20, 2026M14.37 A$0.00111,044.37CheckedForm 4, filed Oct 22, 2026
Tregillis Cynthia LChief Legal Officer & Corp SecOct 20, 2026F1,309.713 D$364.32109,734.657CheckedForm 4, filed Oct 22, 2026
Davis Brian ScottChief Sales & Mrktng OfficerSep 20, 2026M8.386 A$0.00100,454.386Not checkedForm 4, filed Sep 21, 2026
Davis Brian ScottChief Sales & Mrktng OfficerSep 20, 2026F963.034 D$441.3699,491.352Not checkedForm 4, filed Sep 21, 2026
Tan IrvingDirector, Chief Executive OfficerSep 20, 2026M56.762 A$0.00266,703.762Not checkedForm 4, filed Sep 21, 2026
Tan IrvingDirector, Chief Executive OfficerSep 20, 2026F1,091.035 D$441.36265,612.727Not checkedForm 4, filed Sep 21, 2026
Shihab Ahmed MohammedChief Product OfficerSep 17, 2026M56 A$0.00163,758Not checkedForm 4, filed Sep 21, 2026
Shihab Ahmed MohammedChief Product OfficerSep 17, 2026F5,150 D$423.87158,608Not checkedForm 4, filed Sep 21, 2026
Gubbi Vidyadhara KChief of Global OperationsSep 4, 2026S1,795 D$459.873280,571Not checkedForm 4, filed Sep 8, 2026
Tregillis Cynthia LChief Legal Officer & Corp SecSep 4, 2026S432 D$451.20111,030CheckedForm 4, filed Sep 8, 2026
Davis Brian ScottChief Sales & Mrktng OfficerSep 3, 2026M7 A$0.00101,328Not checkedForm 4, filed Sep 8, 2026
Davis Brian ScottChief Sales & Mrktng OfficerSep 3, 2026F882 D$441.57100,446Not checkedForm 4, filed Sep 8, 2026

Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of Western Digital's Form 4 filings on EDGAR.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades

Sources (5)
22What it does with profit

22What it does with profit

What does Western Digital do with its profit?

Western Digital started a quarterly dividend in Q4 FY2025 and paid $0.50 a share ($174 million) in FY2026. On Oct 22, 2026 it declared $0.175 a share for the quarter. In FY2026 buybacks and dividends took $2.78 billion, 79.1% of free cash flow (Cityfort calculation from the FY2026 10-K).

Dividend per share

$0.50FY2026

Dividend paid for each share, by financial year.

$ per share

See the numbers
Dividend per share ($ per share)
YearDividend per shareShare of profit paid out
FY2026$0.50–

  • Buyback · May 9, 2025

    Western Digital's Board authorized a $2.0 billion buyback.

    $2.0B

  • Buyback · Feb 2, 2026

    The Board authorized $4.0 billion more.

    $4.0B

  • Buyback · Jul 3, 2026

    FY2026: bought back 14.7 million shares for $2.59 billion. $3.26 billion of the authorization remained.

    $2.6B

  • Buyback · Oct 2, 2026

    Q1 FY2027: bought back 2.0 million shares for $1.00 billion. $2.26 billion of the authorization remained.

    $1.0B

Sources (3)
23Governance signals

23Governance signals

What do Western Digital's governance filings show?

Auditor
KPMG LLP
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
The 2026 proxy says Western Digital has had no related person transaction since the start of fiscal 2026. KPMG's FY2026 audit fees were $7.47 million.
Credit rating
No public credit rating found in a search of rating agency sites on Nov 6, 2026

Flags to know about

  • disclosure

    No profit by end market

    Western Digital has one reportable segment, so it gives revenue but not profit for Cloud, Client and Consumer.

  • disclosure

    Customers not named

    The FY2026 10-K does not name customers, though the top 10 bought 73% of revenue and three bought 10% or more each.

  • disclosure

    FY2022 hard drive figures are unaudited

    After the Sandisk spin-off, the company recast FY2022 to FY2024 without the flash business in an 8-K filed Apr 7, 2025. Its FY2022 figures appear only there, as preliminary and unaudited.

  • disclosure

    Credit ratings not stated in filings

    The FY2026 10-K says interest on its bank debt depends on its corporate credit ratings but does not state them. This page shows no rating because none could be confirmed from a rating agency's own release.

  • other

    SPEX patent case on appeal

    In a patent case brought by SPEX, a jury awarded SPEX $316 million and the court's January 2025 judgment added $237 million of prejudgment interest. On Jun 27, 2025 the court entered an amended judgment of $1 in nominal damages. Western Digital has appealed the infringement finding and SPEX has appealed damages issues; the 10-K says no liability is accrued because the company believes a loss is not probable.

  • other

    Share policies

    Western Digital's insider trading policy bars hedging company shares and using them as collateral for loans.

Sources (4)
24What the market paid

24What the market paid · price as of Nov 5, 2026

What did the market pay for Western Digital on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Price as of Nov 5, 2026: Western Digital closed at $267.63 on Nasdaq. Times 374.3 million shares (Oct 15, 2026), that is a market value of about $100.2 billion (Cityfort calculation from the Nov 5, 2026 Nasdaq closing price and the Q1 FY2027 10-Q). P/E is price ÷ earnings per share: 10.4 on $25.77, the sum of the last four quarters' diluted EPS (Cityfort calculation from the Q2 FY2026 to Q1 FY2027 earnings releases). Those earnings include $5.9 billion of gains on Sandisk shares in Q2 to Q4 FY2026. P/B is market value ÷ shareholders' equity: 10.7 on equity of $9.3 billion at Oct 2, 2026 (Cityfort calculation from the Q1 FY2027 earnings release).

Share price
$267.63
Market value (market cap)
$100.2B
P/E
10.4×
P/B
10.7×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 374.3 million ($267.63 × 374.3 million shares ≈ $100.2B). Source: Form 10-Q, Q1 fiscal 2027 (quarter ended Oct 2, 2026); Form 10-K, fiscal 2026 (year ended Jul 3, 2026)

Source: WDC historical quotes, Nasdaq (close of Nov 5, 2026: $267.63); Form 10-Q, Q1 fiscal 2027 (quarter ended Oct 2, 2026); Q1 fiscal 2027 earnings release (Form 8-K Ex. 99.1, Oct 22, 2026) and 3 more

Sources (7)
25How it got here

25How it got here

How did Western Digital get here?

  1. 1970

    Milestone

    Founded

    Western Digital was founded in 1970. It is headquartered in San Jose, California.

  2. 2023

    Crisis

    Hard drive revenue fell

    FY2023 hard drive revenue fell 30.8% to $6.3 billion, and the operating loss was $548 million. FY2024 had a further operating loss of $403 million.

  3. 2025

    Business-model change

    Flash business spun off as Sandisk

    On Feb 21, 2025 Western Digital completed the spin-off, giving its stockholders one Sandisk share for every three Western Digital shares. It kept 28.8 million Sandisk shares.

  4. 2025

    Milestone

    Buyback and dividend started

    The Board authorized a $2.0 billion buyback on May 9, 2025, and a quarterly dividend began in Q4 FY2025.

  5. 2026

    Milestone

    Debt cut with Sandisk shares

    In February 2026 Western Digital used 5.8 million Sandisk shares to retire its bridge loan and term loan, redeemed its 2026, 2029 and 2032 notes, and converted all its preferred stock into common shares.

  6. 2026

    Milestone

    Last Sandisk shares exchanged

    In Q4 FY2026 it exchanged its last 1.7 million Sandisk shares for 4.8 million of its own shares, and held none at Jul 3, 2026. In June it also exchanged $858 million of convertible notes for cash and shares.

  7. 2026

    Milestone

    Remaining convertible notes called

    After another exchange in August, on Sep 14, 2026 Western Digital gave notice to redeem all remaining 3.00% convertible notes on Nov 16, 2026.

Sources (11)

26Sources and changes

Where every number on this page comes from

Sources (24 documents)
  1. S1Form 10-K, fiscal 2026 (year ended Jul 3, 2026) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 14, 2026
  2. S2Form 10-Q, Q1 fiscal 2027 (quarter ended Oct 2, 2026) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 23, 2026
  3. S3Q1 fiscal 2027 earnings release (Form 8-K Ex. 99.1, Oct 22, 2026) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 22, 2026
  4. S4Q4 fiscal 2026 earnings release (Form 8-K Ex. 99.1, Aug 5, 2026) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 5, 2026
  5. S5Q3 fiscal 2026 earnings release (Form 8-K Ex. 99.1, Apr 30, 2026) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
  6. S6Q2 fiscal 2026 earnings release (Form 8-K Ex. 99.1, Jan 29, 2026) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jan 29, 2026
  7. S7Q1 fiscal 2026 earnings release (Form 8-K Ex. 99.1, Oct 30, 2025) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 30, 2025
  8. S8Q4 fiscal 2025 earnings release (Form 8-K Ex. 99.1, Jul 30, 2025) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jul 30, 2025
  9. S9Q3 fiscal 2025 earnings release (Form 8-K Ex. 99.1, Apr 30, 2025) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2025
  10. S10Form 10-K, fiscal 2025 (year ended Jun 27, 2025) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 14, 2025
  11. S11Form 10-K, fiscal 2024 (year ended Jun 28, 2024) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 20, 2024
  12. S188-K filed Apr 7, 2025, Ex. 99.1: preliminary unaudited financials recast with the Flash business as discontinued operations (FY2022-FY2024, Q1 FY2024-Q2 FY2025) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Apr 7, 2025
  13. S198-K filed Feb 24, 2025: completion of the Sandisk spin-off (Item 2.01) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 24, 2025
  14. S202026 proxy statement (DEF 14A, annual meeting Nov 20, 2026) · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 5, 2026
  15. S21Schedule 13G/A by FMR LLC on Western Digital common stock (as of Sep 30, 2026) · FMR LLC (SEC EDGAR) · Tier 1: company or exchange filing · Nov 5, 2026
  16. S22Schedule 13G by Vanguard Capital Management on Western Digital common stock (as of Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
  17. S248-K filed Feb 9, 2026: 4.750% senior notes due 2026 redeemed, indenture discharged · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 9, 2026
  18. S258-K filed Feb 18, 2026: mandatory conversion of the Series A convertible preferred stock · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2026
  19. S268-K filed Feb 24, 2026: preferred stock eliminated; 2.850% notes due 2029 and 3.100% notes due 2032 redeemed · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 24, 2026
  20. S278-K filed Jun 3, 2026: exchange of about $858.4 million of 3.00% convertible notes due 2028 for cash and shares · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jun 3, 2026
  21. S288-K filed Jun 11, 2026: exchange of 1,038,681 Sandisk shares for Western Digital shares · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jun 11, 2026
  22. S298-K filed Aug 26, 2026: exchange of about $191.0 million of 3.00% convertible notes due 2028 · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 26, 2026
  23. S308-K filed Sep 14, 2026: notice to redeem all 3.00% convertible notes due 2028 on Nov 16, 2026 · Western Digital Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Sep 14, 2026
  24. S32WDC historical quotes, Nasdaq (close of Nov 5, 2026: $267.63) · Nasdaq, Inc. · Tier 1: company or exchange filing · Nov 5, 2026
Changes to this page (v1 · Nov 6, 2026)
  1. v1 · Nov 6, 2026First version. (first version)

Numbers come only from tier 1 and tier 2 sources. Read how we research.

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Statements by company management, including forward-looking statements and guidance, are reported as the company's statements, with their date and source; they are not our forecasts. Adjusted (non-GAAP) figures are the company's own measures and are shown next to the official (GAAP) figures.