Western Digital

Information Technology Technology Hardware, Storage & Peripherals San Jose, California Last filing Aug 14, 2026 · FY2026

                    Revenue
                    FY2026
                
$12.9B
                    3y CAGR +1.6%
                    
                    P13
                    
                    +35.7%
                    
                    Net income
                    FY2026
                
$9.4B
                    Net margin +72.9%
                    
                    P100
                    
                    +398.9%
                    
                    Total assets
                    FY2026
                
$13.9B
                    ROA +68.0%
                    
                    P100
                    
                    -1.0%
                    
                    Operating cash flow
                    FY2026
                
$3.9B
                    FCF margin +27.2%
                    
                    P60
                    
                    +132.3%

19 yrs · FY2008–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 3 years

Total assets $13.9B

Total liabilities $5.0B

Shareholders equity $8.9B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	12.2%	22.2%	24.6%
Accounts Receivable	15.7%	15.7%	19.5%
Inventory	11.7%	13.6%	22.0%
Other Current Assets	4.0%	10.1%	61.6%
Total Current Assets	43.6%	61.5%	127.6%
Property,Plant and Equipment	19.2%	24.6%	37.3%
Goodwill	33.4%	45.4%	68.4%
Other Noncurrent Assets	11.1%	15.6%	149.6%
Total Assets	107.3%	147.1%	382.9%
Liabilities
Accounts Payable	13.7%	13.3%	16.7%
Accrued Liabilities	10.9%	20.2%	31.0%
Current Portion of Long Term Debt	8.1%	23.4%	27.7%
Total Current Liabilities	32.8%	56.9%	96.4%
Long Term Debt	0.0%	26.1%	90.0%
Other Noncurrent Liabilities	5.9%	5.9%	21.7%
Total Liabilities	38.7%	88.9%	208.0%
Equity
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	7.4%	48.5%	75.2%
Retained Earnings	77.4%	8.0%	107.3%
Treasury Stock	16.4%	1.0%	0.0%
Accumulated Other Comprehensive Income	0.2%	0.2%	-11.3%
Total Stockholders Equity	68.6%	55.8%	171.3%
Temporary Equity and Other	0.0%	2.4%	3.6%
Total Liabilitiesand Equity	107.3%	147.1%	382.9%

Income Statement

Revenue, expense, and profitability

19 accounts · 3 years

Revenue $12.9B

Operating income $4.5B

Net income $9.4B

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	51.1%	61.2%	71.9%
Other Income Expense Gross Profit	48.9%	38.8%	28.1%
Expenses Research and Development	9.0%	10.4%	15.0%
Expenses Selling,General and Administrative	4.3%	6.0%	11.5%
Expenses Restructuring and Asset Impairment	1.1%	-0.1%	3.3%
Expenses Other Operating Expenses	0.0%	-2.1%	4.6%
Expenses Operating Expenses	14.4%	14.3%	34.4%
Other Income Expense Operating Income	34.5%	24.5%	-6.4%
Other Income Expense Interest Income	0.4%	0.5%	0.5%
Other Income Expense Interest Expense	1.3%	3.8%	6.6%
Other Income Expense Other Income/expense	43.1%	-9.4%	0.7%
Other Income Expense Income Before Tax	76.7%	11.9%	-11.7%
Income Tax Income Tax Expense	3.7%	-5.4%	0.4%
net Income Other Items Below Tax	0.0%	2.6%	-0.5%
net Income net Income	72.9%	19.8%	-12.6%
net Income Comprehensive Income	73.0%	21.8%	-15.2%
Earnings Per Share Basic Eps	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	-0.0%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $3.9B

Investing cash flow $-429.0M

Financing cash flow $-4.0B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	72.9%	19.8%	-12.6%
Operating Activities Depreciation and Amortization	2.9%	4.7%	9.0%
Operating Activities Stock Based Compensation	1.6%	2.8%	4.7%
Operating Activities Deferred Income Taxes	1.0%	-7.8%	-2.5%
Operating Activities Changes In Operating Assets and Liabilities	-5.1%	-10.8%	-4.9%
Operating Activities Other Non Cash Items	-42.9%	9.1%	1.7%
Operating Activities net Cash From Operating Activities	30.4%	17.8%	-4.7%
Investing Activities Capital Expenditures	-3.2%	-4.3%	-7.7%
Investing Activities Other Investing Activities	-0.1%	5.9%	7.3%
Investing Activities net Cash From Investing Activities	-3.3%	1.6%	-0.4%
Financing Activities Proceeds From Debt	15.1%	22.6%	47.4%
Financing Activities Repayment of Debt	-22.3%	-22.0%	-41.3%
Financing Activities Repurchase of Common Stock	-20.1%	-1.6%	0.0%
Financing Activities Dividends Paid	-1.3%	-0.5%	0.0%
Financing Activities Proceeds From Stock Issuance	0.5%	0.8%	1.3%
Financing Activities Tax Withholding On Stock Based Compensation	-2.9%	-1.2%	-1.4%
Financing Activities Other Financing Activities	-0.1%	-15.1%	-3.0%
Financing Activities net Cash From Financing Activities	-31.2%	-16.9%	3.0%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.0%	0.1%	-0.2%
Cash Reconciliation net Change In Cash	-4.1%	2.5%	-2.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	+48.9%	+38.8%	+28.1%
Operating margin	+34.5%	+24.5%	-6.4%
Net margin	+72.9%	+19.8%	-12.6%
FCF margin	+27.2%	+13.4%	-12.4%
Growth
Revenue CAGR (3y)	+1.6%	-20.3%	-28.0%
Returns
ROE	+106.3%	+35.6%	-7.4%
ROA	+68.0%	+13.5%	-3.3%
ROIC	+50.8%	+29.5%	-2.4%
Liquidity
Current ratio	1.33x	1.08x	1.32x
Quick ratio	0.85x	0.67x	0.46x
Leverage
D/E	0.56x	1.59x	1.21x
Interest coverage	26.99x	6.54x	-0.97x
Efficiency
Asset turnover	0.93x	0.68x	0.26x
Cash conversion cycle	+43d	+59d	+98d

Valuation

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Western Digital

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