Source: Western Digital's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Oct 30, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
$19.09B
$20.65B
$16.57B
$16.74B
$16.92B
$18.79B
$6.25B
$6.32B
$9.52B
$12.92B
Cost of revenue
$13.02B
$12.94B
$12.82B
$12.96B
$12.40B
$12.92B
$4.86B
$4.54B
$5.83B
$6.61B
Gross profit
$6.07B
$7.71B
$3.75B
$3.78B
$4.52B
$5.87B
$1.39B
$1.77B
$3.69B
$6.31B
Research & development
$2.44B
$2.40B
$2.18B
$2.26B
$2.24B
$2.32B
$986.00M
$950.00M
$994.00M
$1.16B
Selling, general & admin
$1.45B
$1.47B
$1.32B
$1.15B
$1.10B
$1.12B
$807.00M
$726.00M
$568.00M
$551.00M
Operating income
$1.95B
$3.62B
$87.00M
$335.00M
$1.22B
$2.39B
-$548.00M
-$403.00M
$2.33B
$4.45B
Interest expense
$847.00M
$676.00M
$469.00M
$413.00M
$326.00M
$304.00M
$312.00M
$414.00M
$357.00M
$165.00M
Pre-tax income
$769.00M
$2.08B
-$287.00M
-$46.00M
$927.00M
$2.17B
-$849.00M
-$739.00M
$1.13B
$9.90B
Income tax
$372.00M
$1.41B
$467.00M
$204.00M
$106.00M
$625.00M
$53.00M
$26.00M
-$513.00M
$481.00M
Net income
$397.00M
$675.00M
-$754.00M
-$250.00M
$821.00M
$1.55B
-$1.68B
-$798.00M
$1.89B
$9.42B
EBITDA
$4.08B
$5.67B
$1.90B
$1.90B
$2.43B
$3.32B
$280.00M
$165.00M
$2.79B
$4.83B
EPS (basic)
$1.38
$2.27
$-2.58
$-0.84
$2.69
$4.96
$-5.37
$-2.61
$5.31
$26.92
EPS (diluted)
$1.34
$2.20
$-2.58
$-0.84
$2.66
$4.89
$-5.37
$-2.61
$5.12
$24.28
Diluted shares
296.00M
307.00M
292.00M
298.00M
309.00M
316.00M
318.00M
326.00M
359.00M
383.00M
Gross margin
31.8%
37.3%
22.6%
22.6%
26.7%
31.3%
22.2%
28.1%
38.8%
48.9%
Operating margin
10.2%
17.5%
0.5%
2.0%
7.2%
12.7%
-8.8%
-6.4%
24.5%
34.5%
Net margin
2.1%
3.3%
-4.6%
-1.5%
4.9%
8.2%
-26.9%
-12.6%
19.8%
72.9%
Balance sheet
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash & equivalents
$6.35B
$5.00B
$3.46B
$3.05B
$3.37B
$2.33B
$2.02B
$1.55B
$2.11B
$1.58B
Short-term investments
$24.00M
$23.00M
$0
—
—
—
—
—
—
—
Receivables
$1.95B
$2.20B
$1.20B
$2.38B
$2.26B
$2.80B
$1.60B
$1.23B
$1.49B
$2.03B
Inventory
$2.34B
$2.94B
$3.28B
$3.07B
$3.62B
$3.64B
$3.70B
$1.39B
$1.29B
$1.51B
Total current assets
$11.06B
$10.64B
$8.48B
$9.05B
$9.76B
$9.45B
$7.89B
$8.06B
$5.86B
$5.63B
Goodwill
$10.01B
$10.07B
$10.08B
$10.07B
$10.07B
$10.04B
$10.04B
$4.32B
$4.32B
$4.32B
Total assets
$29.86B
$29.23B
$26.37B
$25.66B
$26.13B
$26.26B
$24.55B
$24.19B
$14.00B
$13.86B
Total current liabilities
$4.34B
$4.46B
$3.82B
$4.41B
$4.87B
$5.24B
$5.43B
$6.09B
$5.42B
$4.24B
Short-term debt
$233.00M
$179.00M
$276.00M
$286.00M
$251.00M
$0
$1.21B
$1.75B
$2.23B
$1.05B
Long-term debt
$12.92B
$10.99B
$10.25B
$9.29B
$8.47B
$7.02B
$5.86B
$5.68B
$2.48B
$0
Total debt
$13.15B
$11.17B
$10.52B
$9.57B
$8.72B
$7.02B
$7.07B
$7.43B
$4.71B
$1.05B
Total liabilities
$18.44B
$17.70B
$16.40B
$16.11B
$15.41B
$14.04B
$12.71B
$13.14B
$8.46B
$5.00B
Shareholders' equity
$11.42B
$11.53B
$9.97B
$9.55B
$10.80B
$12.32B
$10.96B
$10.82B
$5.31B
$8.86B
Cash flow
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Operating cash flow
$3.44B
$4.21B
$1.55B
$824.00M
$1.90B
$1.88B
-$408.00M
-$294.00M
$1.69B
$3.93B
Capital expenditures
$578.00M
$835.00M
$876.00M
$647.00M
$1.15B
$1.12B
$821.00M
$487.00M
$412.00M
$418.00M
Free cash flow
$2.86B
$3.37B
$671.00M
$177.00M
$752.00M
$758.00M
-$1.23B
-$781.00M
$1.28B
$3.51B
Investing cash flow
-$636.00M
-$1.66B
-$1.27B
$278.00M
-$765.00M
-$1.19B
-$762.00M
-$27.00M
$150.00M
-$429.00M
Financing cash flow
-$4.59B
-$3.90B
-$1.83B
-$1.51B
-$817.00M
-$1.72B
$875.00M
$187.00M
-$1.61B
-$4.03B
Dividends paid
$574.00M
$593.00M
$584.00M
$595.00M
$0
$0
$0
$0
$44.00M
$174.00M
Share buybacks
$0
$591.00M
$563.00M
$0
$0
—
$0
$0
$149.00M
$2.59B
Stock-based compensation
$394.00M
$377.00M
$306.00M
$308.00M
$318.00M
$326.00M
$318.00M
$295.00M
$265.00M
$204.00M
Depreciation & amortization
$2.13B
$2.06B
$1.81B
$1.57B
$1.21B
$929.00M
$828.00M
$568.00M
$451.00M
$375.00M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Oct 2025
Jan 2026
Apr 2026
Jul 2026
Oct 2026
Revenue
$1.37B
$1.75B
$2.00B
$2.21B
$2.41B
$2.29B
$2.60B
$2.82B
$3.02B
$3.34B
$3.75B
$4.38B
Cost of revenue
$2.54B
$1.23B
$1.31B
$1.41B
$1.50B
$1.38B
$1.54B
$1.59B
$1.64B
$1.66B
$1.72B
$1.85B
Gross profit
$313.00M
$519.00M
$697.00M
$806.00M
$907.00M
$912.00M
$1.07B
$1.23B
$1.38B
$1.68B
$2.03B
$2.53B
Research & development
$444.00M
$243.00M
$267.00M
$262.00M
$225.00M
$245.00M
$262.00M
$294.00M
$289.00M
$294.00M
$284.00M
$283.00M
Selling, general & admin
$198.00M
$176.00M
$184.00M
$204.00M
$132.00M
$108.00M
$124.00M
$138.00M
$128.00M
$147.00M
$138.00M
$162.00M
Operating income
-$210.00M
$94.00M
-$91.00M
$334.00M
$560.00M
$760.00M
$680.00M
$792.00M
$908.00M
$1.19B
$1.56B
$2.05B
Interest expense
$108.00M
$108.00M
$102.00M
$99.00M
$93.00M
$91.00M
$74.00M
$59.00M
$54.00M
$38.00M
$14.00M
$11.00M
Pre-tax income
-$259.00M
-$12.00M
-$193.00M
$243.00M
$466.00M
$74.00M
$347.00M
$1.34B
$1.96B
$3.36B
$3.25B
$2.04B
Income tax
$28.00M
-$4.00M
$53.00M
$90.00M
$0
-$698.00M
$95.00M
$155.00M
$120.00M
$154.00M
$52.00M
$259.00M
Net income
-$287.00M
$135.00M
$39.00M
$493.00M
$594.00M
$520.00M
$282.00M
$1.18B
$1.84B
$3.21B
$3.19B
$1.78B
EBITDA
-$67.00M
$234.00M
$47.00M
$469.00M
$680.00M
$870.00M
$766.00M
$880.00M
$1.00B
—
$1.66B
$2.15B
EPS (basic)
$-0.92
$0.35
$0.08
$1.40
$1.68
$1.46
$0.78
$3.34
$5.27
$9.26
$9.12
$4.86
EPS (diluted)
$-0.92
$0.35
$0.08
$1.35
$1.63
$1.42
$0.75
$3.07
$4.73
$8.20
$8.23
$4.63
Diluted shares
325.00M
335.00M
2.00M
357.00M
357.00M
358.00M
1.00M
376.00M
381.00M
387.00M
2.00M
384.00M
Gross margin
22.9%
29.6%
34.8%
36.4%
37.7%
39.8%
41.0%
43.5%
45.7%
50.2%
54.1%
57.8%
Operating margin
-15.4%
5.4%
-4.5%
15.1%
23.2%
33.1%
26.1%
28.1%
30.1%
35.7%
41.7%
46.7%
Net margin
-21.0%
7.7%
1.9%
22.3%
24.7%
22.7%
10.8%
41.9%
61.1%
96.0%
85.3%
40.6%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Oct 2025
Jan 2026
Apr 2026
Jul 2026
Oct 2026
Cash & equivalents
$2.48B
$1.89B
$1.55B
$1.71B
$2.29B
$3.48B
$2.11B
$2.05B
$1.98B
$2.05B
$1.58B
$1.31B
Receivables
$1.52B
$1.80B
$1.23B
$2.46B
$2.60B
$1.47B
$1.49B
$1.35B
$1.69B
$1.89B
$2.03B
$2.23B
Inventory
$3.22B
$3.21B
$1.39B
$3.38B
$3.42B
$1.31B
$1.29B
$1.39B
$1.35B
$1.36B
$1.51B
$1.78B
Total current assets
$7.84B
$7.53B
$8.06B
$8.94B
$9.37B
$8.09B
$5.86B
$6.28B
$7.53B
$6.91B
$5.63B
$5.87B
Goodwill
$10.04B
$10.03B
$4.32B
$9.81B
$9.73B
$4.32B
$4.32B
$4.32B
$4.32B
$4.32B
$4.32B
$4.32B
Total assets
$24.39B
$23.80B
$24.19B
$24.77B
$25.46B
$16.37B
$14.00B
$14.36B
$15.61B
$15.04B
$13.86B
$14.24B
Total current liabilities
$4.69B
$4.05B
$6.09B
$6.09B
$4.71B
$5.18B
$5.42B
$5.17B
$5.18B
$4.64B
$4.24B
$4.09B
Short-term debt
$1.04B
$450.00M
$1.75B
$1.75B
$150.00M
$2.43B
$2.23B
$2.23B
$2.23B
$1.58B
$1.05B
$789.00M
Long-term debt
$7.35B
$7.32B
$5.68B
$5.65B
$7.22B
$4.91B
$2.48B
$2.46B
$2.43B
$0
$0
—
Total debt
$8.39B
$7.77B
$7.43B
$7.40B
$7.37B
$7.33B
$4.71B
$4.68B
$4.66B
$1.58B
$1.05B
$789.00M
Total liabilities
$13.44B
$12.80B
$13.14B
$12.90B
$13.11B
$10.96B
$8.46B
$8.24B
$8.27B
$5.37B
$5.00B
$4.89B
Shareholders' equity
$10.07B
$10.12B
$10.82B
$11.64B
$12.12B
$5.18B
$5.31B
$5.89B
$7.11B
$9.68B
$8.86B
$9.35B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Oct 2025
Jan 2026
Apr 2026
Jul 2026
Oct 2026
Operating cash flow
-$92.00M
$58.00M
$366.00M
$34.00M
$403.00M
$508.00M
$746.00M
$672.00M
$745.00M
$1.12B
$1.39B
$1.60B
Capital expenditures
$150.00M
$97.00M
$116.00M
$96.00M
$116.00M
$129.00M
$71.00M
$73.00M
$92.00M
$145.00M
$108.00M
$227.00M
Free cash flow
-$242.00M
-$39.00M
$250.00M
-$62.00M
$287.00M
$379.00M
$675.00M
$599.00M
$653.00M
$978.00M
$1.28B
$1.38B
Investing cash flow
-$60.00M
$7.00M
-$58.00M
-$45.00M
$123.00M
$142.00M
-$70.00M
-$57.00M
-$116.00M
-$145.00M
-$111.00M
-$225.00M
Financing cash flow
$597.00M
-$645.00M
-$319.00M
-$102.00M
-$1.00M
$533.00M
-$2.04B
-$678.00M
-$703.00M
-$902.00M
-$1.75B
-$1.64B
Dividends paid
—
—
—
$0
$0
$0
$44.00M
$34.00M
$43.00M
$43.00M
$54.00M
$56.00M
Share buybacks
—
—
—
$0
$0
$0
$149.00M
$553.00M
$615.00M
$752.00M
$672.00M
$1.00B
Stock-based compensation
$72.00M
$77.00M
$69.00M
$84.00M
$77.00M
$59.00M
$45.00M
$53.00M
$53.00M
$53.00M
$45.00M
$79.00M
Depreciation & amortization
$143.00M
$140.00M
$138.00M
$135.00M
$120.00M
$110.00M
$86.00M
$88.00M
$92.00M
—
$99.00M
$104.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.