WDC
Western Digital Corporation
NASDAQ: WDC · TECHNOLOGY · COMPUTER HARDWARE
$434.52
+5.27% today
Updated 2026-04-30
Market cap
$138.13B
P/E ratio
38.19
P/S ratio
12.87x
EPS (TTM)
$10.58
Dividend yield
0.08%
52W range
$40 – $416
Volume
8.4M
Western Digital Corporation (WDC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.34B | $5.47B | $8.07B | $7.45B | $9.85B | $9.53B | $12.48B | $15.35B | $15.13B | $14.57B | $12.99B | $19.09B | $20.65B | $16.57B | $16.74B | $16.92B | $18.79B | $6.25B | $6.32B | $9.52B |
| Revenue growth (YoY) | — | +26.0% | +47.7% | -7.7% | +32.2% | -3.3% | +31.0% | +23.0% | -1.4% | -3.7% | -10.8% | +46.9% | +8.1% | -19.8% | +1.0% | +1.1% | +11.1% | -66.7% | +1.0% | +50.7% |
| Cost of revenue | $3.51B | $4.57B | $6.33B | $6.12B | $7.45B | $7.74B | $8.84B | $10.99B | $10.77B | $10.35B | $9.56B | $13.02B | $12.94B | $12.82B | $12.96B | $12.40B | $12.92B | $4.86B | $4.54B | $5.83B |
| Gross profit | $828.00M | $900.00M | $1.74B | $1.34B | $2.40B | $1.79B | $3.64B | $4.36B | $4.36B | $4.22B | $3.44B | $6.07B | $7.71B | $3.75B | $3.78B | $4.52B | $5.87B | $1.39B | $1.77B | $3.69B |
| Gross margin | 19.1% | 16.5% | 21.5% | 17.9% | 24.4% | 18.8% | 29.2% | 28.4% | 28.8% | 29.0% | 26.4% | 31.8% | 37.3% | 22.6% | 22.6% | 26.7% | 31.3% | 22.2% | 28.1% | 38.8% |
| R&D | $297.00M | $306.00M | $464.00M | $509.00M | $611.00M | $703.00M | $1.05B | $1.57B | $1.66B | $1.65B | $1.63B | $2.44B | $2.40B | $2.18B | $2.26B | $2.24B | $2.32B | $986.00M | $950.00M | $994.00M |
| SG&A | $165.70M | $179.00M | $220.00M | $201.00M | $238.00M | $265.00M | $457.00M | $706.00M | $766.00M | $717.00M | $937.00M | $1.36B | $1.36B | $1.21B | $1.06B | $1.02B | $1.03B | $901.00M | $756.00M | $529.00M |
| Operating income | $366.00M | $415.00M | $1.01B | $519.00M | $1.52B | $781.00M | $1.77B | $1.27B | $1.79B | $1.61B | $466.00M | $1.95B | $3.62B | $87.00M | $335.00M | $1.22B | $2.39B | $-548.00M | $-403.00M | $2.33B |
| Operating margin | 8.4% | 7.6% | 12.5% | 7.0% | 15.5% | 8.2% | 14.2% | 8.2% | 11.8% | 11.1% | 3.6% | 10.2% | 17.5% | 0.5% | 2.0% | 7.2% | 12.7% | -8.8% | -6.4% | 24.5% |
| EBITDA | $525.00M | $625.00M | $1.45B | $1.01B | $2.04B | $1.39B | $2.61B | $2.51B | $3.05B | $2.74B | $1.57B | $3.74B | $4.82B | $1.99B | $1.93B | $2.46B | $3.40B | $289.00M | $243.00M | $1.94B |
| EBITDA margin | 12.1% | 11.4% | 17.9% | 13.5% | 20.7% | 14.6% | 20.9% | 16.4% | 20.2% | 18.8% | 12.1% | 19.6% | 23.3% | 12.0% | 11.5% | 14.6% | 18.1% | 4.6% | 3.8% | 20.4% |
| EBIT | $365.00M | $415.00M | $1.03B | $528.00M | $1.53B | $790.00M | $1.78B | $1.28B | $1.81B | $1.63B | $419.00M | $1.62B | $2.76B | $182.00M | $367.00M | $1.25B | $2.48B | $-539.00M | $-325.00M | $1.49B |
| Interest expense | $3.70M | $4.00M | $52.00M | $27.00M | $9.00M | $1.00M | $26.00M | $55.00M | $56.00M | $49.00M | $266.00M | $847.00M | $676.00M | $469.00M | $413.00M | $326.00M | $304.00M | $310.00M | $414.00M | $357.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $395.00M | $564.00M | $867.00M | $470.00M | $1.38B | $726.00M | $1.61B | $980.00M | $1.62B | $1.47B | $242.00M | $397.00M | $675.00M | $-754.00M | $-250.00M | $821.00M | $1.55B | $-1.68B | $-798.00M | $1.86B |
| Net income growth (YoY) | — | +42.8% | +53.7% | -45.8% | +194.0% | -47.5% | +122.0% | -39.2% | +65.0% | -9.4% | -83.5% | +64.0% | +70.0% | -211.7% | +66.8% | +428.4% | +88.3% | -208.9% | +52.6% | +333.2% |
| Profit margin | 9.1% | 10.3% | 10.7% | 6.3% | 14.0% | 7.6% | 12.9% | 6.4% | 10.7% | 10.1% | 1.9% | 2.1% | 3.3% | -4.6% | -1.5% | 4.9% | 8.2% | -26.9% | -12.6% | 19.5% |