Western DigitalWDCEarnings & Financial Report
Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).
Revenue
$2.8B
Gross Profit
$1.2B
Operating Profit
$792.0M
Net Profit
$1.2B
Gross Margin
43.5%
Operating Margin
28.1%
Net Margin
41.9%
YoY Growth
-31.2%
EPS
$3.07
Western Digital Q1 FY2026 Financial Summary
Western Digital reported revenue of $2.8B (down 31.2% YoY) for Q1 FY2026, with a net profit of $1.2B (up 139.8% YoY) (41.9% margin). Cost of goods sold was $1.6B, operating expenses totaled $435.0M.
Key Financial Metrics
| Total Revenue | $2.8B |
|---|---|
| Net Profit | $1.2B |
| Gross Margin | 43.5% |
| Operating Margin | 28.1% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Western Digital Q1 FY2026 revenue of $2.8B breaks down across 2 segments, led by Cloud at $2.7B (94.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Cloud | $2.7B | 94.9% |
| Consumer | $168.0M | 6.0% |
Western Digital Revenue by Segment — Quarterly Trend
Western Digital revenue by segment across the last 4 reported quarters, showing how each business line (such as Cloud and Consumer) has evolved quarter over quarter.
| Segment | Q1 FY2027 | Q4 FY2026 | Q2 FY2026 | Q1 FY2026 |
|---|---|---|---|---|
| Cloud | — | — | $2.7B | $2.7B |
| Consumer | — | — | $168.0M | $168.0M |
Western Digital Annual Revenue by Year
Western Digital annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $9.5B |
| 2024 | $13.0B |
| 2023 | $6.3B |
| 2022 | $18.8B |
Western Digital Quarterly Revenue & Net Profit History
Western Digital results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2027 | $3.3B | +45.5% | $3.2B | 96.0% |
| Q4 FY2026 | $3.0B | +25.2% | $1.8B | 61.1% |
| Q2 FY2026 | $3.0B | +31.5% | $1.8B | 61.1% |
| Q1 FY2026 | $2.8B | -31.2% | $1.2B | 41.9% |
| Q4 FY2025 | $-1.2B | -130.7% | $282.0M | -24.4% |
| Q3 FY2025 | $2.3B | -33.6% | $520.0M | 22.7% |
| Q2 FY2025 | $4.3B | +41.3% | $594.0M | 13.9% |
| Q1 FY2025 | $4.1B | +48.9% | $493.0M | 12.0% |
Income Statement
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.09B | $4.29B | $2.29B | $-1.15B | $2.82B | $3.02B | $3.02B | $3.34B |
| YoY Growth | 48.9% | 41.3% | -33.6% | -130.7% | -31.2% | 31.5% | 25.2% | 45.5% |
Balance Sheet
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $24.77B | $25.46B | $16.37B | $14.00B | $14.36B | $15.61B | $15.61B | $15.04B |
| Liabilities | $12.90B | $13.11B | $10.96B | $8.46B | $8.24B | $8.27B | $8.27B | $5.37B |
| Equity | $11.64B | $12.12B | $5.18B | $5.31B | $5.89B | $7.11B | $7.11B | $9.68B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $34.0M | $403.0M | $508.0M | $746.0M | $672.0M | $745.0M | $1.12B |