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Western Digital Corporation

WDC NASDAQ Categories PDF
Technology · Computer Hardware · United States · Updated May 11, 12:49pm
$519.83
Price
$179.2B
Market Cap
40,000
Employees
2.16
Beta
Tiang Yew Tan
CEO
Business Description

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$519.83
+39.83 (+8.30%)
Day Range
$488.00 – $520.24
52-Week Range
$46.40 – $520.78
50-Day MA
$335.56
200-Day MA
$201.00
Volume
5,229,111.59
Analyst Price Targets
Low $250.00
Consensus $424.46
High $660.00
(105 analysts)
Share Structure
Outstanding 344,682,000.00
Float 341,717,045.00
Free Float 99.1%
High free float — 99.1% of shares trade freely, ~0.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
27.65
Stock Price: $519.83
EPS (Diluted): 5.31
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
4.14
Stock Price: $519.83
Total Equity: $5.31B
Shares: 359,000,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
33.55
Market Cap: $179.18B
Total Debt: $4.97B
Cash: $2.11B
EBITDA: $1.94B
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$24.9B
Market Cap: $179.18B
Total Debt: $4.97B
Cash: $2.11B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
38.8%
Gross Profit: $3.69B
Revenue: $9.52B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
24.5%
Operating Income: $2.33B
Revenue: $9.52B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
19.5%
Net Income: $1.86B
Revenue: $9.52B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
91.9%
Net Income: $1.86B
Total Equity: $5.31B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
27.9%
Operating Income: $2.33B
Tax Rate: -45.4%
Equity: $5.31B
Total Debt: $4.97B
Cash: $2.11B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.08
Current Assets: $5.86B
Current Liabilities: $5.42B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.94
Short-Term Debt: $2.26B
Long-Term Debt: $2.71B
Total Debt: $4.97B
Total Equity: $5.31B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$26.52
Revenue: $9.52B
Shares: 359,000,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$14.79
Total Equity: $5.31B
Shares: 359,000,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$3.58
Operating CF: $1.69B
CapEx: -$407.00M
Shares: 359,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.2%
Last Dividend: N/A
Stock Price: $519.83
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.86B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WDC against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $16.9B $18.8B $6.3B $6.3B $9.5B
Cost of Revenue $12.4B $12.9B $4.9B $4.5B $5.8B
Gross Profit $4.5B $5.9B $1.4B $1.8B $3.7B
Operating Expenses $3.3B $3.5B $1.9B $2.2B $1.4B
Operating Income $1.2B $2.4B -$548.0M -$403.0M $2.3B
Net Income $821.0M $1.5B -$1.7B -$798.0M $1.9B
EBITDA $2.5B $3.4B $289.0M $243.0M $1.9B
EPS $2.69 $4.81 $-5.37 $-2.61 $5.31
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $3.4B $2.3B $2.0B $1.6B $2.1B
Total Current Assets $9.8B $9.5B $7.9B $8.1B $5.9B
Total Assets $26.1B $26.3B $24.5B $24.2B $14.0B
Current Liabilities $4.9B $5.2B $5.4B $6.1B $5.4B
Long-Term Debt $8.5B $7.3B $7.0B $5.9B $2.7B
Total Liabilities $15.4B $14.0B $13.6B $13.4B $8.7B
Total Equity $10.7B $12.2B $11.0B $10.8B $5.3B
Retained Earnings $7.5B $9.0B $7.6B $6.8B $762.0M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $1.9B $1.9B -$408.0M -$294.0M $1.7B
Capital Expenditure -$1.0B -$1.1B -$807.0M -$487.0M -$407.0M
Free Cash Flow $895.0M $773.0M -$1.2B -$781.0M $1.3B
Acquisitions (net) $0 $32.0M $0 $0 $401.0M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 -$149.0M
Net Change in Cash $322.0M -$1.0B -$304.0M -$472.0M $563.0M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $17.6B
$14.9B – $18.6B
 $22.3B
$22.2B – $22.4B
 $26.0B
$24.0B – $27.9B
 $33.4B
$30.8B – $35.9B
EBITDA $2.2B
$1.8B – $2.3B
 $2.7B
$2.7B – $2.8B
 $3.2B
$3.0B – $3.4B
 $4.1B
$3.8B – $4.4B
Net Income $6.2B
$4.1B – $7.2B
 $8.4B
$7.1B – $10.6B
 $10.8B
$9.7B – $11.8B
 $18.3B
$16.5B – $20.1B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +11.1% -66.7% +1.0% +50.7%
Gross Profit Growth +29.9% -76.3% +27.5% +108.2%
Operating Income Growth +96.0% -122.9% +26.5% +679.2%
Net Income Growth +88.3% -208.9% +52.6% +333.2%
EBITDA Growth +38.1% -91.5% -15.9% +697.5%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-04 Gubbi Vidyadhara K S-Sale 4,674.00 $443.19 $2.1M
2026-05-01 Tan Irving S-Sale 3,257.00 $406.52 $1.3M
2026-05-01 Tan Irving S-Sale 512.00 $407.32 $208,547
2026-05-01 Tan Irving S-Sale 584.00 $408.23 $238,408
2026-05-01 Tan Irving S-Sale 546.00 $409.63 $223,657
2026-05-01 Tan Irving S-Sale 920.00 $410.76 $377,898
2026-05-01 Tan Irving S-Sale 680.00 $411.87 $280,068
2026-05-01 Tan Irving S-Sale 5,711.00 $413.12 $2.4M
2026-05-01 Tan Irving S-Sale 7,355.00 $413.92 $3.0M
2026-05-01 Tan Irving S-Sale 435.00 $415.02 $180,532
2026-04-20 Tregillis Cynthia L M-Exempt 12.00 $0.00 $0
2026-04-20 Tregillis Cynthia L F-InKind 1,308.00 $374.11 $489,336
2026-04-21 Tregillis Cynthia L S-Sale 363.00 $377.09 $136,884
2026-04-20 Tregillis Cynthia L M-Exempt 12.49 $0.00 $0
2026-04-20 Gubbi Vidyadhara K M-Exempt 34.00 $0.00 $0
2026-04-20 Gubbi Vidyadhara K F-InKind 4,595.00 $374.11 $1.7M
2026-04-20 Gubbi Vidyadhara K M-Exempt 34.81 $0.00 $0
2026-03-20 Tan Irving M-Exempt 49.00 $0.00 $0
2026-03-20 Tan Irving F-InKind 1,042.00 $293.10 $305,410
2026-03-20 Tan Irving M-Exempt 49.34 $0.00 $0
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2026-06-05 $0.15 2026-04-29 2026-06-05 2026-06-17
2026-03-05 $0.13 2026-01-29 2026-03-05 2026-03-18
2025-12-04 $0.13 2025-10-29 2025-12-04 2025-12-18
2025-09-04 $0.10 2025-07-29 2025-09-04 2025-09-18
2025-06-04 $0.10 2025-04-29 2025-06-04 2025-06-18
2020-04-02 $0.50 2020-02-13 2020-04-03 2020-04-17
2020-01-02 $0.50 2019-11-14 2020-01-03 2020-01-21
2019-10-03 $0.50 2019-08-07 2019-10-04 2019-10-22
2019-06-27 $0.50 2019-05-02 2019-06-28 2019-07-15
2019-03-28 $0.50 2019-02-14 2019-03-29 2019-04-15
2018-12-27 $0.50 2018-11-07 2018-12-28 2019-01-14
2018-09-27 $0.50 2018-08-01 2018-09-28 2018-10-15
2018-06-28 $0.50 2018-05-02 2018-06-29 2018-07-16
2018-03-28 $0.50 2018-01-29 2018-03-30 2018-04-16
2017-12-28 $0.50 2017-11-01 2017-12-29 2018-01-16
2017-09-28 $0.50 2017-08-03 2017-09-29 2017-10-16
2017-06-28 $0.50 2017-05-04 2017-06-30 2017-07-17
2017-03-29 $0.50 2017-02-01 2017-03-31 2017-04-17
2016-12-28 $0.50 2016-11-03 2016-12-30 2017-01-17
2016-09-28 $0.50 2016-08-03 2016-09-30 2016-10-17
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27