Stock research

Western Digital Corporation (WDC) Stock Research

Western Digital makes hard-disk drives and flash storage products for data centers, PCs, and consumer devices.

For the fiscal year ended June 27, 2025, Western Digital Corporation reported revenue of $9.5B and net income of $1.9B, with operating cash flow of $1.7B. Source: Form 10-K filed August 14, 2026

The latest annual report covers the period ended July 3, 2026 (filed August 14, 2026); figures for that year are not yet in our data.

SEC data as of

Revenue
$9.5B
FY ending 2025-06-27
Net income
$1.9B
FY ending 2025-06-27
Diluted EPS
$5.12
Net margin
19.8%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Western Digital

Exchange
NASDAQ: WDC
Sector
Information Technology
SEC industry
Computer Storage Devices (SIC 3572)
Fiscal year end
July 3

WDC key financials

Reported figures from Western Digital Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$9.5B2024-06-29 – 2025-06-27SEC filing
Net income$1.9B2024-06-29 – 2025-06-27SEC filing
Operating cash flow$1.7B2024-06-29 – 2025-06-27SEC filing
Diluted EPS$5.122024-06-29 – 2025-06-27SEC filing
Net margin19.8%2024-06-29 – 2025-06-27SEC filing
Shares outstanding339MAs of 2026-01-22SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in WDC

Western Digital Corporation sits in Information Technology. Semiconductors, software, and hardware — the companies building the digital and AI infrastructure the rest of the economy runs on. We have not yet written company-specific drivers for WDC; the forces that matter most for the sector are:

  • ◆The AI capital-expenditure cycle
  • ◆Interest rates and the cost of long-duration growth
  • ◆Enterprise IT budgets and cloud migration
  • ◆Export controls and the US–China chip race

Key questions for the WDC thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does WDC's reported profit turn into cash?

Operating cash flow was $1.7B, 0.90 times net income of $1.9B, for the fiscal year ended June 27, 2025.

Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.

Form 10-K filed August 14, 2026

How much of WDC's revenue is left as profit?

Net income was 19.8% of revenue for the fiscal year ended June 27, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed August 14, 2026

When does Western Digital Corporation's fiscal year end?

The SEC lists Western Digital Corporation's fiscal year end as July 3, not December 31. The latest annual figures here run from June 29, 2024 to June 27, 2025. Its reporting year ends on a nearby date rather than a fixed calendar day.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed August 14, 2026

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

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Congressional trading in WDC

PoliticianTrade dateTypeOwnerAmountSource
Gilbert Cisneros2026-07-17PurchaseSelf$1,001 - $15,000Filing #20035190
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Jefferson Shreve2025-05-12SaleSelf$15,001 - $50,000Filing #20030387
Jefferson Shreve2025-04-17PurchaseSelf$15,001 - $50,000Filing #20030231
Robert Bresnahan2025-04-11SaleSelf$1,001 - $15,000Filing #20030291
Robert Bresnahan2025-04-10SaleSelf$1,001 - $15,000Filing #20030291
Jefferson Shreve2025-03-13SaleSelf$15,001 - $50,000Filing #20029038

All verified WDC congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

WDC — frequently asked questions

What does Western Digital Corporation do?

Western Digital makes hard-disk drives and flash storage products for data centers, PCs, and consumer devices.

What were WDC's latest reported annual revenue and net income?

For the fiscal year ended June 27, 2025, Western Digital Corporation reported revenue of $9.5B and net income of $1.9B, with operating cash flow of $1.7B. The figures come from Western Digital Corporation's SEC XBRL filings.

When does Western Digital Corporation's fiscal year end?

The SEC lists Western Digital Corporation's fiscal year end as July 3.

Do members of Congress trade WDC?

The current verified House and Senate snapshot contains 7 transaction rows for WDC, each linked to the original filing.

Is WDC a good investment?

This page does not rate WDC as a buy or sell. It sets out what Western Digital Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the WDC numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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