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

Balance Sheet

Assets, liabilities, and equity

24 accounts · 5 years

Total assets $13.9B

Total liabilities $5.0B

Shareholders equity $8.9B

Account	2026	2025	2024	2023	2022
Assets
Cash and Cash Equivalents	$1.6B -25.3%	$2.1B 36.3%	$1.6B -23.3%	$2.0B -13.1%	$2.3B
Accounts Receivable	$2.0B 36.2%	$1.5B 21.1%	$1.2B -23.0%	$1.6B -42.9%	$2.8B
Inventory	$1.5B 17.0%	$1.3B -6.9%	$1.4B -62.5%	$3.7B 1.6%	$3.6B
Other Current Assets	$518.0M -46.3%	$965.0M -75.2%	$3.9B 586.2%	$567.0M -17.1%	$684.0M
Total Current Assets	$5.6B -3.8%	$5.9B -27.3%	$8.1B 2.2%	$7.9B -16.6%	$9.5B
Property,Plant and Equipment	$2.5B 5.7%	$2.3B -0.7%	$2.4B -34.8%	$3.6B -1.4%	$3.7B
Goodwill	$4.3B 0.0%	$4.3B 0.0%	$4.3B -57.0%	$10.0B 0.0%	$10.0B
Other Noncurrent Assets	$1.4B -3.6%	$1.5B -84.3%	$9.4B 526.2%	$1.5B 1.5%	$1.5B
Total Assets	$13.9B -1.0%	$14.0B -42.1%	$24.2B -1.0%	$24.4B -7.0%	$26.3B
Liabilities
Accounts Payable	$1.8B 40.1%	$1.3B 20.1%	$1.1B	—	—
Accrued Liabilities	$1.4B -26.6%	$1.9B -1.7%	$2.0B -25.7%	$2.6B -12.6%	$3.0B
Current Portion of Long Term Debt	$1.1B -52.7%	$2.2B 27.2%	$1.8B 44.3%	$1.2B	$0
Total Current Liabilities	$4.2B -21.7%	$5.4B -11.0%	$6.1B 12.0%	$5.4B 3.8%	$5.2B
Long Term Debt	$0 -100.0%	$2.5B -56.3%	$5.7B -3.0%	$5.9B -16.6%	$7.0B
Other Noncurrent Liabilities	$757.0M 35.4%	$559.0M -59.2%	$1.4B -3.2%	$1.4B -20.5%	$1.8B
Total Liabilities	$5.0B -40.9%	$8.5B -35.6%	$13.1B 3.4%	$12.7B -9.5%	$14.0B
Equity
Common Stock	$4.0M 33.3%	$3.0M 0.0%	$3.0M	—	—
Additional Paid In Capital	$961.0M -79.2%	$4.6B -2.8%	$4.8B 20.7%	$3.9B 5.4%	$3.7B
Retained Earnings	$10.0B 1212.1%	$762.0M -88.8%	$6.8B -8.7%	$7.4B -17.9%	$9.0B
Treasury Stock	$2.1B 2133.7%	$95.0M	$0	—	—
Accumulated Other Comprehensive Income	$23.0M 15.0%	$20.0M 102.8%	$-712.0M -38.0%	$-516.0M 6.9%	$-554.0M
Total Stockholders Equity	$8.9B 66.9%	$5.3B -50.9%	$10.8B -0.3%	$10.8B -11.2%	$12.2B
Temporary Equity and Other	$0 -100.0%	$229.0M 0.0%	$229.0M -73.9%	$876.0M	$0
Total Liabilitiesand Equity	$13.9B -1.0%	$14.0B -42.1%	$24.2B -1.0%	$24.4B -7.0%	$26.3B

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $12.9B

Operating income $4.5B

Net income $9.4B

Account	2026	2025	2024	2023	2022
IncomeStatement
Revenues Total Revenue	$12.9B 35.7%	$9.5B 50.7%	$6.3B -48.7%	$12.3B -34.5%	$18.8B
Expenses Cost of Revenue	$6.6B 13.4%	$5.8B 28.3%	$4.5B -56.4%	$10.4B -19.3%	$12.9B
Other Income Expense Gross Profit	$6.3B 70.9%	$3.7B 108.2%	$1.8B -6.0%	$1.9B -67.9%	$5.9B
Expenses Research and Development	$1.2B 16.8%	$994.0M 4.6%	$950.0M -52.7%	$2.0B -13.5%	$2.3B
Expenses Selling,General and Administrative	$551.0M -3.0%	$568.0M -21.8%	$726.0M -25.2%	$970.0M -13.2%	$1.1B
Expenses Restructuring and Asset Impairment	$146.0M 2533.3%	$-6.0M -102.9%	$209.0M 8.3%	$193.0M 348.8%	$43.0M
Expenses Other Operating Expenses	$0 100.0%	$-198.0M -168.0%	$291.0M	—	—
Expenses Operating Expenses	$1.9B 36.8%	$1.4B -37.6%	$2.2B -31.4%	$3.2B -8.9%	$3.5B
Other Income Expense Operating Income	$4.5B 90.8%	$2.3B 679.2%	$-403.0M 68.6%	$-1.3B -153.7%	$2.4B
Other Income Expense Interest Income	$51.0M 13.3%	$45.0M 36.4%	$33.0M 37.5%	$24.0M 300.0%	$6.0M
Other Income Expense Interest Expense	$165.0M -53.8%	$357.0M -13.8%	$414.0M 32.7%	$312.0M 2.6%	$304.0M
Other Income Expense Other Income/expense	$5.6B 724.0%	$-892.0M -2082.2%	$45.0M 246.2%	$13.0M -56.7%	$30.0M
Other Income Expense Income Before Tax	$9.9B 776.5%	$1.1B 252.9%	$-739.0M 52.6%	$-1.6B -173.5%	$2.1B
Income Tax Income Tax Expense	$481.0M 193.8%	$-513.0M -2073.1%	$26.0M -82.2%	$146.0M -76.6%	$623.0M
net Income Other Items Below Tax	$0 -100.0%	$246.0M 845.5%	$-33.0M -37.5%	$-24.0M	—
net Income net Income	$9.4B 398.9%	$1.9B 336.7%	$-798.0M 53.2%	$-1.7B -213.7%	$1.5B
net Income Comprehensive Income	$9.4B 354.3%	$2.1B 315.7%	$-962.0M 42.3%	$-1.7B -243.1%	$1.2B
Earnings Per Share Basic Eps	$27 407.0%	$5 303.4%	$-3 52.0%	$-5 -213.1%	$5
Earnings Per Share Diluted Eps	$24 374.2%	$5 296.2%	$-3 52.0%	$-5 -214.5%	$5

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $3.9B

Investing cash flow $-429.0M

Financing cash flow $-4.0B

Account	2026	2025	2024	2023	2022
CashFlow
Operating Activities net Income	$9.4B 398.9%	$1.9B 336.7%	$-798.0M 52.6%	$-1.7B -208.9%	$1.5B
Operating Activities Depreciation and Amortization	$375.0M -16.9%	$451.0M -20.6%	$568.0M -31.4%	$828.0M -10.9%	$929.0M
Operating Activities Stock Based Compensation	$204.0M -23.0%	$265.0M -10.2%	$295.0M -7.2%	$318.0M -2.5%	$326.0M
Operating Activities Deferred Income Taxes	$129.0M 117.3%	$-745.0M -362.7%	$-161.0M -235.4%	$-48.0M -141.4%	$116.0M
Operating Activities Changes In Operating Assets and Liabilities	$-658.0M 36.2%	$-1.0B -235.8%	$-307.0M -433.7%	$92.0M 108.6%	$-1.1B
Operating Activities Other Non Cash Items	$-5.5B -743.3%	$862.0M 690.8%	$109.0M 26.7%	$86.0M 126.3%	$38.0M
Operating Activities net Cash From Operating Activities	$3.9B 132.3%	$1.7B 675.2%	$-294.0M 27.9%	$-408.0M -121.7%	$1.9B
Investing Activities Capital Expenditures	$-418.0M -1.5%	$-412.0M 15.4%	$-487.0M 40.7%	$-821.0M 26.8%	$-1.1B
Investing Activities Other Investing Activities	$-11.0M -102.0%	$562.0M 22.2%	$460.0M 679.7%	$59.0M 184.3%	$-70.0M
Investing Activities net Cash From Investing Activities	$-429.0M -386.0%	$150.0M 655.6%	$-27.0M 96.5%	$-762.0M 36.1%	$-1.2B
Financing Activities Proceeds From Debt	$1.9B -9.5%	$2.1B -28.2%	$3.0B 45.3%	$2.1B 8.8%	$1.9B
Financing Activities Repayment of Debt	$-2.9B -37.7%	$-2.1B 19.7%	$-2.6B -121.1%	$-1.2B 67.4%	$-3.6B
Financing Activities Repurchase of Common Stock	$-2.6B -1639.6%	$-149.0M	$0	$0	—
Financing Activities Dividends Paid	$-174.0M -295.5%	$-44.0M	$0	$0	—
Financing Activities Proceeds From Stock Issuance	$64.0M -16.9%	$77.0M -3.8%	$80.0M -14.0%	$93.0M -23.8%	$122.0M
Financing Activities Tax Withholding On Stock Based Compensation	$-376.0M -232.7%	$-113.0M -28.4%	$-88.0M -10.0%	$-80.0M 11.1%	$-90.0M
Financing Activities Other Financing Activities	$-16.0M 98.9%	$-1.4B -653.4%	$-191.0M -905.3%	$-19.0M 17.4%	$-23.0M
Financing Activities net Cash From Financing Activities	$-4.0B -150.1%	$-1.6B -962.0%	$187.0M -78.6%	$875.0M 150.9%	$-1.7B
Cash Reconciliation Effect of Exchange Rate On Cash	$-3.0M -150.0%	$6.0M 160.0%	$-10.0M -11.1%	$-9.0M 30.8%	$-13.0M
Cash Reconciliation net Change In Cash	$-535.0M -327.7%	$235.0M 263.2%	$-144.0M 52.6%	$-304.0M 70.9%	$-1.0B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2026	2025	2024	2023	2022
Profitability
Gross margin	+48.9%	+38.8%	+28.1%	+15.3%	+31.3%
Operating margin	+34.5%	+24.5%	-6.4%	-10.4%	+12.7%
Net margin	+72.9%	+19.8%	-12.6%	-13.8%	+8.0%
FCF margin	+27.2%	+13.4%	-12.4%	-10.0%	+4.0%
Growth
Revenue CAGR (3y)	+1.6%	-20.3%	-28.0%	-9.7%	+4.3%
Returns
ROE	+106.3%	+35.6%	-7.4%	-15.7%	+12.3%
ROA	+68.0%	+13.5%	-3.3%	-7.0%	+5.7%
ROIC	+50.8%	+29.5%	-2.4%	-8.1%	+10.0%
Liquidity
Current ratio	1.33x	1.08x	1.32x	1.45x	1.81x
Quick ratio	0.85x	0.67x	0.46x	0.67x	0.98x
Leverage
D/E	0.56x	1.59x	1.21x	1.17x	1.15x
Interest coverage	26.99x	6.54x	-0.97x	-4.12x	7.87x
Efficiency
Asset turnover	0.93x	0.68x	0.26x	0.50x	0.72x
Cash conversion cycle	+43d	+59d	+98d	—	—

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Western Digital

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