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Western Digital Corporation

WDC Technology Computer Hardware

In the quarter to June 2026, revenue grew 43.8%, EPS grew 1,070.5%, free cash flow grew 89.8% and total debt fell 77.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for three consecutive years, operating cash flow growth for three.

333.06 23.39 −6.56%
Market cap
$133.4B
P/E
12.3×
Fwd P/E
30.5×
Dividend yield
0.17%
F-score
8/9
Altman Z
29.58
Beneish M
−0.19
Dividend safety
70/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 74.95
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 4 4 1 6 4 1 6 4 3 4 2 —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 133,430.00
Revenue 12,919.00
Net Income 9,424.00
Free Cash Flow 3,511.00
Net Debt (527.00)
Current Ratio 1.33
Debt/Equity 0.12 (at or below 0.5: strong)
P/E ratio 12.33
Fwd P/E 30.50
P/S ratio 8.89
P/B ratio 12.96 (above 6: high)
Past 5Y EPS Growth 55.62% (at or above 15%: strong)
This Y EPS Growth 100.83% (at or above 15%: strong)
Next Y EPS Growth 61.18% (at or above 15%: strong)
Next Y revenue growth 49.16% (at or above 10%: strong)
Next 5Y EPS Growth 63.39% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 9.0×, against a ten-year median of 1.3×; over the ten years it ranged from 0.3× in 2016 to 17.2× in 2026.
P/E against its own 10 years 35.07%
10-year low 10-year high
P/S against its own 10 years 94.32%
10-year low 10-year high
P/B against its own 10 years 94.32%
10-year low 10-year high
EV/Sales against its own 10 years 94.21%
10-year low 10-year high
EV/FCF against its own 10 years 65.69%
10-year low 10-year high

Dividends

Payout Ratio 0.02
Annual Dividend Rate 0.55
Annual Dividend Yield 0.17%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 0.43
0.13
0.15
0.15
2025 0.10
0.10
0.10
0.13
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 0.76
0.38
0.38
2019 1.13
0.38
0.38
0.38
2018 1.51
0.38
0.38
0.38
0.38
2017 1.51
0.38
0.38
0.38
0.38
2016 1.51
0.38
0.38
0.38
0.38
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 2,023 1,551 2,114 1,579
Receivables 1,598 1,231 1,486 2,026
Inventory 3,698 1,387 1,291 1,511
Other 567 360 965 518
7,886 8,060 5,856 5,634
2023 2024 2025 2026
Payables 1,585 1,054 1,266 1,774
ST’ Debt 1,213 1,750 2,226 1,052
Other — — — —
5,434 6,087 5,418 4,240

Compound Annual Growth %

10y 5y 3y
Sales (0.06%) (5.26%) 27.35%
Cash Flow 7.08% 15.66% 0.00%
Earnings 44.23% 62.92% 0.00%
Book Value (2.26%) (3.73%) (6.84%)

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 2,818 3,017 3,337 3,747 12,919
’25 2,212 2,409 2,294 2,605 9,520
’24 2,750 3,032 1,752 — 6,317
’23 3,736 3,107 2,803 (3,391) 6,255
’22 5,051 4,833 4,381 4,528 18,793
’21 3,922 3,943 4,137 4,920 16,922
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 672 745 1,123 1,389 3,929
’25 34 403 508 746 1,691
’24 (626) (92) 58 366 (294)
’23 6 35 (381) (68) (408)
’22 521 666 398 295 1,880
’21 363 425 116 994 1,898
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 599 653 978 1,281 3,511
’25 (61) 290 380 675 1,284
’24 (557) (242) (37) 250 (586)
’23 (314) (223) (491) (187) (1,215)
’22 276 372 108 17 773
’21 33 218 (46) 690 895
Fiscal quarters ending in the months shown.

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 3.07 4.73 8.20 8.21 24.28
’25 1.35 1.63 1.42 0.75 5.13
’24 (2.17) (0.87) 0.34 0.88 (1.72)
’23 0.08 (1.40) (1.82) (2.27) (5.44)
’22 1.93 1.79 0.08 0.95 4.75
’21 (0.20) 0.20 0.63 1.97 2.66
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 51.84 25.57 26.47 20.71 36.75 22.47 23.40 37.01 28.83 176.70

Analyst estimates 2027–2029

Powerpack
High 72.39 80.85 49.37 54.42 59.10 52.43 40.22 61.64 188.77 799.87
People
People Employees 68,000 71,600 61,800 63,800 65,600 65,000 53,000 51,000 40,000 40,000
Revenue/emp, $m 0.28 0.29 0.27 0.26 0.26 0.29 0.12 0.12 0.24 0.32
Income, $m
Income, $m Revenue 19,093 20,647 16,569 16,736 16,922 18,793 6,255 6,317 9,520 12,919
Gross margin, % 31.80 37.32 22.64 22.59 26.72 31.26 22.24 28.07 38.78 48.85
EBT 769 2,085 (287) (46) 927 2,171 (849) (739) 1,130 9,905
EBT margin, % 4.03 10.10 (1.73) (0.27) 5.48 11.55 (13.57) (11.70) 11.87 76.67
Net income 397 675 (754) (250) 821 1,546 (1,684) (798) 1,889 9,424
Depreciation 2,413 2,277 1,850 1,606 1,252 973 841 568 451 375
Per share, $
Per share, $ Revenue 66.30 69.52 56.74 56.16 55.48 60.23 19.67 19.38 27.44 37.45
Earnings 1.38 2.27 (2.58) (0.84) 2.69 4.81 (5.44) (1.72) 5.31 26.92
Cash flow 11.93 14.16 5.30 2.77 6.22 6.03 (1.28) (0.90) 4.87 11.39
Capex (1.93) (2.72) (2.59) (2.17) (3.29) (3.55) (2.54) (0.90) (1.17) (1.21)
Free cash flow 10.00 11.43 2.71 0.59 2.93 2.48 (3.82) (1.80) 3.70 10.18
Book value 39.65 38.82 34.13 32.05 35.15 39.17 34.48 33.18 15.31 25.69
Shares, m 288 297 292 298 305 312 318 326 347 345
Valuation, ×
Valuation, × P/E 49.24 26.10 0.00 0.00 20.15 7.03 0.00 0.00 12.03 23.65
P/S 1.01 0.85 0.66 0.59 0.97 0.56 1.46 2.98 2.33 17.06
P/B 1.69 1.52 1.10 1.04 1.53 0.87 0.83 1.74 4.18 24.86
EV/Sales 1.37 1.15 1.09 0.98 1.29 0.81 2.26 3.91 2.61 17.20
EV/FCF 9.06 6.98 22.82 93.06 24.31 19.80 (11.66) (42.16) 19.32 63.30
Cash, $m
Cash, $m Operating cash flow 3,437 4,205 1,547 824 1,898 1,880 (408) (294) 1,691 3,929
Capex (557) (809) (757) (647) (1,003) (1,107) (807) (292) (407) (418)
Free cash flow 2,880 3,396 790 177 895 773 (1,215) (586) 1,284 3,511
Balance, $m
Balance, $m Working capital 6,712 6,182 4,660 4,642 4,887 4,216 2,452 1,973 438 1,394
Total debt 13,151 11,172 10,522 9,575 8,725 7,062 7,070 7,434 4,711 1,052
Net debt 6,797 6,167 7,067 6,527 5,355 4,735 5,047 5,883 2,597 (527)
Shareholders’ equity 11,418 11,531 9,967 9,551 10,721 12,221 10,964 10,818 5,311 8,864
Returns, %
Returns, % ROA 1.27 2.28 (2.71) (0.96) 3.17 5.90 (6.63) (3.27) 9.89 67.65
ROIC 6.70 12.77 0.32 1.30 4.74 8.81 (2.14) (1.51) 18.45 33.38
ROE 3.52 5.88 (7.01) (2.56) 8.10 13.48 (14.53) (7.33) 23.42 132.97
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 1 Oct 2026

Charts ten years each

Western Digital Corporation vs peers in Computer Hardware (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DELL Dell Technologies Inc. $301.0B 26.0× 22.9× +57.75% (above 0%: growing) +277.06% (above 0%: growing) −47.22% (below 0%: shrinking) 20.93% 11.46% Compare
ANET Arista Networks, Inc. $234.1B 55.1× 46.1× +37.69% (above 0%: growing) +35.21% (above 0%: growing) −10.44% (below 0%: shrinking) 62.93% 45.39% Compare
SNDK Sandisk Corporation $201.6B 16.7× 8.7× +371.59% (above 0%: growing) n/m +14,355.10% (above 0%: growing) 84.57% 78.49% Compare
STX Seagate Technology Holdings PLC $157.1B 44.2× 34.0× +48.49% (above 0%: growing) +150.00% (above 0%: growing) +163.06% (above 0%: growing) 52.30% 42.96% Compare
WDC Western Digital Corporation $133.4B 12.3× 30.5× +43.84% (above 0%: growing) +1,070.51% (above 0%: growing) +89.78% (above 0%: growing) 54.12% 41.71%
P Everpure, Inc. $44.5B 163× 76.9× +37.73% (above 0%: growing) +57.14% (above 0%: growing) −258.26% (below 0%: shrinking) 68.42% 5.33% Compare
HPQ HP Inc. $27.8B 11.3× 11.3× +12.53% (above 0%: growing) −11.11% (below 0%: shrinking) +7.05% (above 0%: growing) 18.79% 5.69% Compare
SMCI Super Micro Computer, Inc. $23.1B 8.8× 14.6× +93.16% (above 0%: growing) +454.55% (above 0%: growing) −12.95% (below 0%: shrinking) 17.47% 13.38% Compare
LOGI Logitech International S.A. $15.1B 19.0× — +6.93% (above 0%: growing) +65.66% (above 0%: growing) +37.82% (above 0%: growing) 49.54% 21.07% Compare
Median of peers $100.8B 22.5× 22.9× +43.11% +65.66% −1.70% 50.92% 17.23%

All 38 Computer Hardware stocks →

WDC metrics, ten years each

Western Digital Corporation (WDC) key facts

  • Western Digital Corporation (WDC) is a Computer Hardware company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, WDC traded at $333.06, a market capitalization of $133.4 billion.
  • Western Digital Corporation pays an annual dividend of $0.55 per share, a yield of 0.17%, with a payout ratio of 2.27%.
  • Return on equity was 133.0% and debt-to-equity 0.12.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 29.58 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 1, 2026.

Western Digital Corporation (WDC) Latest News

16 Oct

Impact 4 ·
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15 Oct

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14 Oct

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13 Oct

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12 Oct

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9 Oct

Impact 3 ·
stockrow.com/WDC · Data as of Oct 1, 2026 · For information only; not investment advice. · © 2026 stockrow.com