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NASDAQ · TechnologyWestern Digital Corp (WDC)
Western Digital Corp reported revenue of $12.9B in fiscal 2026, up 35.7% from a year earlier. Net income was $9.4B, a net margin of 72.9%. Operating cash flow minus capital spending left $3.5B of free cash flow in fiscal 2026. At July 3, 2026 it held $1.6B in cash against $1.1B of debt. Its latest periodic report to the SEC is the annual report (10-K) filed on August 14, 2026.
Key facts about Western Digital Corp
- Net worth
- Western Digital Corp has a market value (market cap) of $143.2B at the latest share price, and shareholders' equity of $8.9B on its balance sheet at July 3, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $12.9B (+35.7% year on year), with net income of $9.4B.
- Cash flow
- In fiscal 2026 operations brought in $3.9B of cash; after $418M of capital spending, free cash flow was $3.5B.
- Latest report
- The latest periodic report (annual report, 10-K) was filed with the SEC on August 14, 2026 and covers the period to July 3, 2026. Open on SEC EDGAR
- Next earnings report
- Western Digital Corp's next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Western Digital Corp declared dividends of $0.50 per share in fiscal 2026, a yield of 0.13% at the current price.
What Western Digital Corp does
Western Digital designs and manufactures data storage devices, including hard disk drives, solid-state drives, and flash memory products. It sells these storage solutions to cloud providers, enterprise data centers, electronics manufacturers, and consumers. Its shares trade on NASDAQ under the ticker WDC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $12.9B | $9.4B | $24.28 | $3.5B |
| 2025 | $9.5B | $1.9B | $5.12 | $1.3B |
| 2024 | $6.3B | -$798M | -$2.61 | -$781M |
| 2023 | $6.3B | -$1.7B | -$5.37 | -$1.2B |
| 2022 | $18.8B | $1.5B | $4.89 | $758M |
| 2021 | $16.9B | $821M | $2.66 | $752M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WDC ranks in Technology
Dividends
Western Digital Corp declared $0.50 per share in fiscal 2026. At the current price that is a yield of 0.13%. It paid out $174M in cash dividends, 2% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2026 | $0.50 | $174M | 2% |
| 2025 | $0.10 | $44M | 2% |
| 2024 | n/a | $0 | n/a |
| 2023 | n/a | $0 | n/a |
| 2022 | $0.00 | $0 | 0% |
| 2021 | $0.00 | $0 | 0% |
Latest SEC filings
What Western Digital Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 5, 2026
- October 5, 2026Additional proxy material DEFA14A
- October 5, 2026Proxy statement DEF 14A
- September 14, 2026
- August 27, 2026Unregistered share sale 8-K/A
- August 26, 2026
- August 14, 2026Annual report 10-K · period to July 3, 2026Revenue rose 36% to $12.9B versus the prior year; diluted EPS $24.28 versus $5.12.
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 5, 2026
- July 31, 2026Passive stake changed SCHEDULE 13G/A
What is WDC worth? A DCF from its reported cash flow
Insider trades
What the people running Western Digital Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $15.8M worth of shares in the last 90 days and bought none on the open market. Most of the selling (79%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 20, 2026 | Davis Brian ScottChief Sales & Mrktng Officer | Exercised options | 8 | - |
| September 20, 2026 | Davis Brian ScottChief Sales & Mrktng Officer | Shares withheld for tax | 963 | $425K |
| September 20, 2026 | Tan IrvingChief Executive Officer, Director | Exercised options | 57 | - |
| September 20, 2026 | Tan IrvingChief Executive Officer, Director | Shares withheld for tax | 1,091 | $481.5K |
| September 17, 2026 | Shihab Ahmed MohammedChief Product Officer | Exercised options | 56 | - |
| September 17, 2026 | Shihab Ahmed MohammedChief Product Officer | Shares withheld for tax | 5,150 | $2.2M |
| September 4, 2026 | Gubbi Vidyadhara KChief of Global Operations | Sold | 1,795 | $825.5K |
| September 4, 2026 | Tregillis Cynthia LChief Legal Officer & Corp Sec | Soldpre-planned (10b5-1) | 432 | $194.9K |
Who owns WDC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.49% | April 30, 2026 |
| Fmr LLC13G, passive with 1 related filers | 7.2% | August 6, 2026 |
| Jpmorgan Chase & Co.13G, passive | 5.3% | April 22, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,846 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 32,953,613 | -2,815,609 |
| Fmr LLC | 25,983,645 | -5,639,773 |
| Vanguard Capital Management LLC | 22,510,811 | +475,950 |
| Jpmorgan Chase & Co | 17,007,789 | -504,359 |
| Capital World Investors | 16,598,211 | +4,718,173 |
| State Street Corp | 16,276,615 | +810,849 |
| Invesco Ltd. | 14,435,741 | +1,789,320 |
| Vanguard Portfolio Management LLC | 13,109,474 | -4,063,179 |
| Geode Capital Management, LLC | 8,411,628 | -1,065,573 |
| Morgan Stanley | 8,148,144 | +209,038 |
| Bank of America Corp | 6,489,630 | -1,999,982 |
| Goldman Sachs Group Inc | 5,178,993 | -227,890 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 4,744,377 | +1,841,629 |
| Norges Bank | 4,629,232 | new |
| Nuveen, LLC | 3,819,103 | +859,858 |
| Northern Trust Corp | 3,663,369 | +56,806 |
| Ameriprise Financial Inc | 3,386,190 | -2,376,343 |
| Aqr Capital Management LLC | 2,940,948 | -518,617 |
| Bank of New York Mellon Corp | 2,916,885 | +408,133 |
| Capital Research Global Investors | 2,816,570 | -493,055 |
Insiders
15 insiders reported holding 1,149,844 shares in total, about $456.8M at the last price.
| Holder | Shares |
|---|---|
| Tan IrvingChief Executive Officer, Director | 378,113112,500 held indirectly |
| Sennesael KrisChief Financial Officer | 173,709 |
| Shihab Ahmed MohammedChief Product Officer | 158,608 |
| Tregillis Cynthia LChief Legal Officer & Corp Sec | 111,030 |
| Davis Brian ScottChief Sales & Mrktng Officer | 99,491 |
| Gubbi Vidyadhara KChief of Global Operations | 80,571 |
| Doluca TuncDirector | 39,43437,849 held indirectly |
| Streeter Stephanie ADirector | 36,39234,807 held indirectly |
| Massengill Matthew EDirector | 28,897 |
| Cole Martin IDirector | 21,433 |
Questions about WDC
What does Western Digital Corp do?
Western Digital designs and manufactures data storage devices, including hard disk drives, solid-state drives, and flash memory products. It sells these storage solutions to cloud providers, enterprise data centers, electronics manufacturers, and consumers. Its shares trade on NASDAQ under the ticker WDC.
What is Western Digital Corp's net worth?
Western Digital Corp has a market value (market cap) of $143.2B at the latest share price, and shareholders' equity of $8.9B on its balance sheet at July 3, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Western Digital Corp profitable?
Yes. In fiscal 2026 it reported net income of $9.4B on revenue of $12.9B, a net margin of 72.9%.
How much revenue does Western Digital Corp make?
In fiscal 2026 Western Digital Corp reported revenue of $12.9B. That is 35.7% more than a year earlier.
When did Western Digital Corp last report?
Its most recent periodic report is the annual report (10-K) filed on August 14, 2026. It covers the period to July 3, 2026. Its newest filing of any kind is the annual report to shareholders from October 5, 2026.
When is Western Digital Corp's next earnings report?
Western Digital Corp's next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Western Digital Corp pay a dividend?
Yes. Western Digital Corp declared dividends of $0.50 per share in fiscal 2026, a yield of 0.13% at the current price.
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Where the numbers come from
Financial figures are the values Western Digital Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.