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WDC (Western Digital Corporation) Stock Financials & Earnings | Market Cap Arena
WDC
Western Digital Corporation
Mkt Cap
$94B
Technology
·
Computer Hardware
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$10.7B
Net Income (TTM)
$3.8B
EPS (TTM)
$9.98
Free Cash Flow (TTM)
$2.3B
Gross Margin
42.7%
Op. Margin
29.8%
Net Margin
35.4%
FCF Margin
21.5%
P/S Ratio (TTM)
8.7x
P/E Ratio (TTM)
24.6x
YoY Rev Growth
+4.7%
Employees
—
Earnings Reports
▶
Q2 2026
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q3 23
$2.8B
$286M
-$472M
Q4 23
$2.7B
$92M
-$650M
Q1 24
$2.8B
$99M
-$596M
Q2 24
$3.0B
$492M
-$210M
Q3 24
$1.8B
$519M
$94M
Q4 24
$2.0B
$941M
$490M
Q1 25
$2.2B
$806M
$340M
Q2 25
$4.3B
$1.5B
$852M
Q3 25
$2.3B
$912M
$760M
Q4 25
$2.6B
$1.1B
$680M
Q1 26
$2.8B
$1.2B
$792M
Q2 26
$3.0B
$1.4B
$963M
marketcaparena.com
Revenue Breakdown
WDC
Western Digital Corporation
Revenue Breakdown
Q2 2026
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q3 23
6.6x
—
Q4 23
7.6x
—
Q1 24
8.3x
—
Q2 24
8.3x
—
Q3 24
9.2x
—
Q4 24
9.8x
—
Q1 25
10.4x
252.0x
Q2 25
9.1x
74.8x
Q3 25
8.7x
56.8x
Q4 25
8.2x
50.2x
Q1 26
7.8x
36.7x
Q2 26
8.7x
24.6x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q3 23
-$381M
-$491M
Q4 23
-$68M
-$187M
Q1 24
-$626M
-$750M
Q2 24
-$92M
-$242M
Q3 24
$58M
-$39M
Q4 24
$366M
$250M
Q1 25
$34M
-$62M
Q2 25
$403M
$287M
Q3 25
$508M
$379M
Q4 25
$746M
$675M
Q1 26
$672M
$599M
Q2 26
$745M
$653M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q3 23
$110M
Q4 23
$119M
Q1 24
$124M
Q2 24
$150M
Q3 24
$97M
Q4 24
$116M
Q1 25
$96M
Q2 25
$116M
Q3 25
$129M
Q4 25
$71M
Q1 26
$73M
Q2 26
$92M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q3 23
-36.0%
-19.3%
Q4 23
-41.0%
-16.2%
Q1 24
-26.4%
-6.5%
Q2 24
-2.4%
-5.4%
Q3 24
-37.5%
-49.4%
Q4 24
-25.0%
-54.4%
Q1 25
-19.6%
-44.1%
Q2 25
+41.3%
+5.9%
Q3 25
+30.9%
-7.5%
Q4 25
+30.0%
+27.1%
Q1 26
+27.4%
+8.2%
Q2 26
-29.6%
-40.2%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q3 23
$74M
2.6%
Q4 23
$72M
2.7%
Q1 24
$77M
2.8%
Q2 24
$72M
2.4%
Q3 24
$77M
4.4%
Q4 24
$69M
3.4%
Q1 25
$84M
3.8%
Q2 25
$77M
1.8%
Q3 25
$59M
2.6%
Q4 25
$45M
1.7%
Q1 26
$53M
1.9%
Q2 26
$53M
1.8%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q3 23
$476M
$242M
Q4 23
$458M
$231M
Q1 24
$431M
$207M
Q2 24
$444M
$198M
Q3 24
$243M
$176M
Q4 24
$267M
$184M
Q1 25
$262M
$204M
Q2 25
$502M
$238M
Q3 25
$245M
$108M
Q4 25
$262M
$124M
Q1 26
$294M
$138M
Q2 26
$289M
$128M
marketcaparena.com
Revenue Segments
Client Devices
Cloud
Retail Products
Quarter
Client Devices
Cloud
Retail Products
Q3 23
$975M
$1.2B
$623M
Q4 23
$1.0B
$994M
$643M
Q1 24
$1.1B
$872M
$731M
Q2 24
$1.1B
$1.1B
$839M
Q2 25
$1.2B
$2.3B
$771M
Q3 25
$137M
$2.0B
$150M
marketcaparena.com
Revenue by Geography
Americas
Asia
Europe Middle East And Africa
Quarter
Americas
Asia
Europe Middle East And Africa
Q3 23
$935M
$1.4B
$515M
Q1 24
$662M
$1.6B
$537M
Q2 24
$804M
$1.7B
$529M
Q2 25
$1.4B
$2.0B
$862M
Q3 25
$1.2B
$753M
$359M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q3 23
$2.2B
$0
$2.2B
Q4 23
$2.0B
$0
$2.0B
Q1 24
$2.0B
$0
$2.0B
Q2 24
$2.5B
$0
$2.5B
Q3 24
$1.9B
$0
$1.9B
Q4 24
$1.6B
$0
$1.6B
Q1 25
$1.7B
$0
$1.7B
Q2 25
$2.3B
$0
$2.3B
Q3 25
$3.5B
$1.4B
$4.9B
Q4 25
$2.1B
$354M
$2.5B
Q1 26
$2.0B
$965M
$3.0B
Q2 26
$2.0B
$0
$2.0B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q3 23
319M
+0.3%
Q4 23
321M
+0.6%
Q1 24
323M
+0.6%
Q2 24
325M
+0.6%
Q3 24
335M
+3.1%
Q4 24
349M
+4.2%
Q1 25
357M
+2.3%
Q2 25
357M
+0.0%
Q3 25
358M
+0.3%
Q4 25
362M
+1.1%
Q1 26
376M
+3.9%
Q2 26
376M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$180K
84K
FY 15
$173K
84K
FY 16
$170K
76K
FY 17
$281K
68K
FY 18
$288K
72K
FY 19
$268K
62K
FY 20
$262K
64K
FY 21
$258K
66K
FY 22
$289K
65K
FY 23
$118K
53K
FY 24
$124K
51K
FY 25
$238K
40K
marketcaparena.com