Western Digital is a US maker of hard drives. After spinning off its flash business as Sandisk, the company focuses on large hard drives, mainly for cloud providers’ data centers. Its customers are worldwide. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Data storage · San Jose, USAfull fact sheet
Western Digital develops, manufactures and supplies data storage based on hard drives. The Cloud area comprises high-capacity hard drives for public and private clouds and enterprise customers. In the Client area, hard drives for desktops and notebooks go to device makers and retail customers. In the Consumer area, the company offers external hard drives through retailers and distribution partners. Customers are cloud providers, computer makers, resellers, distributors and retailers, with some of whom there are long-term contracts.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Double bottom · Analysis method
This method currently detects no pattern for WDC. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? The price has formed two similarly deep lows and broken above the neckline between them. This is seen as a sign that the downward move is ending.
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Western Digital · Sector Technology · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Aug 14, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
✗not met: Profit in each of the last 5 fiscal years3 of 5
✗not met: Free cash flow positive in each of the last 3 fiscal years2 of 3
✓met: Equity ratio above 30%63.9%
Gross margin
48.9%Fiscal year 2026
All48medium
Rank 48 of 100: higher than 48% of 153 peers (All). medium.
Sector39medium
Rank 39 of 100: higher than 39% of 57 peers (Sector). medium.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
Operating margin
34.5%Fiscal year 2026
All85strong
Rank 85 of 100: higher than 85% of 192 peers (All). strong.
Sector84strong
Rank 84 of 100: higher than 84% of 60 peers (Sector). strong.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
72.9%Fiscal year 2026
All99strong
Rank 99 of 100: higher than 99% of 237 peers (All). strong.
Sector99strong
Rank 99 of 100: higher than 99% of 63 peers (Sector). strong.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
106.3%Fiscal year 2026
All97strong
Rank 97 of 100: higher than 97% of 218 peers (All). strong.
Sector94strong
Rank 94 of 100: higher than 94% of 61 peers (Sector). strong.
Median Technology: 13.5%
Net income divided by equity at fiscal year end.
Return on assets
68.0%Fiscal year 2026 (total assets at year end)
All100strong
Rank 100 of 100: higher than 100% of 238 peers (All). strong.
Sector99strong
Rank 99 of 100: higher than 99% of 63 peers (Sector). strong.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
Equity ratio
63.9%Fiscal year 2026
All86strong
Rank 86 of 100: higher than 86% of 239 peers (All). strong.
Sector79strong
Rank 79 of 100: higher than 79% of 63 peers (Sector). strong.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
27.2%Fiscal year 2026
All80strong
Rank 80 of 100: higher than 80% of 213 peers (All). strong.
Sector67strong
Rank 67 of 100: higher than 67% of 62 peers (Sector). strong.
Median Technology: 19.0%
Free cash flow divided by revenue.
Free cash flow
3.5B USDFiscal year 2026
Operating cash flow minus capital expenditure on property and equipment.
Growth 2 of 5 met · 2 without data
✗not met: Over 3 years, revenue grew by more than 5% per year+1.6%
✗not met: Over 5 years, revenue grew by more than 5% per year−5.3%
–no data: Over 10 years, revenue grew by more than 5% per yearno comparable figures over 10 years
–no data: Over 3 years, EPS grew by more than 5% per yearnot computable (loss in the first or last year, or figures missing)
✓met: Over 5 years, EPS grew by more than 5% per year+55.6%
✗not met: Revenue rose in at least 4 of the last 5 fiscal years3 of 5
✓met: Revenue rose in the last fiscal year+35.7%
Revenue growth 3 years
+1.6%per year
All22weak
Rank 22 of 100: higher than 22% of 230 peers (All). weak.
Sector16weak
Rank 16 of 100: higher than 16% of 59 peers (Sector). weak.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
−5.3%per year
All2weak
Rank 2 of 100: higher than 2% of 217 peers (All). weak.
Sector3weak
Rank 3 of 100: higher than 3% of 54 peers (Sector). weak.
Median Technology: +14.5%
Average growth per year over 5 fiscal years.
EPS growth 5 years
+55.6%per year
All93strong
Rank 93 of 100: higher than 93% of 146 peers (All). strong.
Sector87strong
Rank 87 of 100: higher than 87% of 34 peers (Sector). strong.
Median Technology: +17.0%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+37.6%per year
All96strong
Rank 96 of 100: higher than 96% of 140 peers (All). strong.
Sector87strong
Rank 87 of 100: higher than 87% of 27 peers (Sector). strong.
Median Technology: +17.5%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 4 of 4 met · 3 without data
✓met: Pays a dividend0.50 USD
✓met: Payout ratio at most 60% of earnings2%
–no data: Dividend paid in each of the last 5 fiscal yearsnot reported as an annual figure for each of the last 5 fiscal years
–no data: Dividend per share never lowered in the last 5 fiscal yearsnot reported as an annual figure for each of the last 5 fiscal years
–no data: Dividend per share higher than 5 years agono comparable dividend 5 years ago
✓met: Free cash flow per share covers the dividend18.3x
✓met: Dividends paid over the last 5 years covered by free cash flow5% of free cash flow
Payout ratio
2%Fiscal year 2026
Dividend per share divided by earnings per share.
Free cash flow coverage
18.3xFiscal year 2026
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
Financial strength 5 of 6 met
✓met: Piotroski F-Score at least 7 of 97 of 9
✓met: Long-term debt no higher than equity0.12
✓met: Current assets cover current liabilities1.33
✓met: Positive equity8.9B USD
✗not met: In 5 years, share count up by at most 5%+23.9%
✓met: Free cash flow positive in the last fiscal year3.5B USD
Piotroski F-Score
7 of 9Fiscal year 2026
All72strong
Rank 72 of 100: higher than 72% of 134 peers (All). strong.
Sector70strong
Rank 70 of 100: higher than 70% of 44 peers (Sector). strong.
Median Technology: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.12at fiscal year end
All85strong
Rank 85 of 100: lower than 85% of 199 peers (All). strong.
Sector77strong
Rank 77 of 100: lower than 77% of 54 peers (Sector). strong.
Median Technology: 0.41
Long-term financial debt divided by equity.
Liquidity (current ratio)
1.33at fiscal year end
All49medium
Rank 49 of 100: higher than 49% of 215 peers (All). medium.
Sector28weak
Rank 28 of 100: higher than 28% of 63 peers (Sector). weak.
Median Technology: 2.02
Current assets divided by current liabilities.
Change in share count
+23.9%in 5 years
All20weak
Rank 20 of 100: lower than 20% of 199 peers (All). weak.
Sector28weak
Rank 28 of 100: lower than 28% of 51 peers (Sector). weak.
Median Technology: +2.8%
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
✓met: Profit in the last fiscal year (positive return on assets)
✓met: Positive operating cash flow
✓met: Return on assets higher than the prior year
✗not met: Operating cash flow higher than net income
✓met: Long-term debt relative to total assets fell
✓met: Liquidity (current assets / current liabilities) rose
✗not met: No additional shares (diluted share count did not rise)
✓met: Gross margin higher than the prior year
✓met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
Light red: Revenue shrank over 5 years (−5.3% per year).
Light green: Net income (total) grew over 5 years (+62.9% per year), at least as fast as the sector median; per share +55.6% per year.
Light green: Net margin 72.9%, above the sector median (12.5%).
Light green: Debt not higher than usual in the sector.
Light red: Profit in 6 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−10B010B20B30B
2017Fiscal year 2017 (Jul 6, 2016 – Jun 30, 2017): Revenue 19.1B USD · Net income 397.0M USD · Net margin 2.1%
2018Fiscal year 2018 (Jul 1, 2017 – Jun 29, 2018): Revenue 20.6B USD · Net income 675.0M USD · Net margin 3.3%
2019Fiscal year 2019 (Jun 30, 2018 – Jun 28, 2019): Revenue 16.6B USD · Net income −754.0M USD · Net margin −4.6%
2020Fiscal year 2020 (Jun 29, 2019 – Jul 3, 2020): Revenue 16.7B USD · Net income −250.0M USD · Net margin −1.5%
2021Fiscal year 2021 (Jul 4, 2020 – Jul 2, 2021): Revenue 16.9B USD · Net income 821.0M USD · Net margin 4.9%
2022Fiscal year 2022 (Jul 3, 2021 – Jul 1, 2022): Revenue 18.8B USD · Net income 1.5B USD · Net margin 8.0%
2023Fiscal year 2023 (Jul 2, 2022 – Jun 30, 2023): Revenue 12.3B USD · Net income −1.7B USD · Net margin −13.8%
2024Fiscal year 2024 (Jul 1, 2023 – Jun 28, 2024): Revenue 13.0B USD · Net income −798.0M USD · Net margin −6.1%
2025Fiscal year 2025 (Jun 29, 2024 – Jun 27, 2025): Revenue 9.5B USD · Net income 1.9B USD · Net margin 19.8%
2026Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Revenue 12.9B USD · Net income 9.4B USD · Net margin 72.9%
Margin
2%3%−5%−1%5%8%−14%−6%20%73%
RevenueNet incomeNet margin (below)in USD
−2B02B4B6B
Q4/23Quarter Q4/23 (Sep 30, 2023 – Dec 29, 2023): Revenue 3.0B USD · Net income −287.0M USD · Net margin −9.5%
Q1/24Quarter Q1/24 (Dec 30, 2023 – Mar 29, 2024): Revenue 3.5B USD · Net income 135.0M USD · Net margin 3.9%
Q2/24Quarter Q2/24 (Mar 30, 2024 – Jun 28, 2024): Revenue 2.0B USD · Net income 39.0M USD · Net margin 1.9%
Q3/24Quarter Q3/24 (Jun 29, 2024 – Sep 27, 2024): Revenue 4.1B USD · Net income 493.0M USD · Net margin 12.0%
Q4/24Quarter Q4/24 (Sep 28, 2024 – Dec 27, 2024): Revenue 4.3B USD · Net income 594.0M USD · Net margin 13.9%
Q1/25Quarter Q1/25 (Dec 28, 2024 – Mar 28, 2025): Revenue 2.3B USD · Net income 520.0M USD · Net margin 22.7%
Q2/25Quarter Q2/25 (Mar 29, 2025 – Jun 27, 2025): Revenue 2.6B USD · Net income 282.0M USD · Net margin 10.8%
Q3/25Quarter Q3/25 (Jun 28, 2025 – Oct 3, 2025): Revenue 2.8B USD · Net income 1.2B USD · Net margin 41.9%
Q4/25Quarter Q4/25 (Oct 4, 2025 – Jan 2, 2026): Revenue 3.0B USD · Net income 1.8B USD · Net margin 61.1%
Q1/26Quarter Q1/26 (Jan 3, 2026 – Apr 3, 2026): Revenue 3.3B USD · Net income 3.2B USD · Net margin 96.0%
Q2/26Quarter Q2/26 (Apr 4, 2026 – Jul 3, 2026): Revenue 3.7B USD · Net income 3.2B USD · Net margin 85.3% · Q4 derived (year minus 9 months), may be distorted by restatements
Q3/26Quarter Q3/26 (Jul 4, 2026 – Oct 2, 2026): Revenue 4.4B USD · Net income 1.8B USD · Net margin 40.6%
Margin
−9%4%2%12%14%23%11%42%61%96%85%41%
Earnings per shareUSD per share
−100102030
2017Fiscal year 2017 (Jul 6, 2016 – Jun 30, 2017): Earnings per share 1.34 USD
2018Fiscal year 2018 (Jul 1, 2017 – Jun 29, 2018): Earnings per share 2.20 USD
2019Fiscal year 2019 (Jun 30, 2018 – Jun 28, 2019): Earnings per share −2.58 USD
2020Fiscal year 2020 (Jun 29, 2019 – Jul 3, 2020): Earnings per share −0.84 USD
2021Fiscal year 2021 (Jul 4, 2020 – Jul 2, 2021): Earnings per share 2.66 USD
2022Fiscal year 2022 (Jul 3, 2021 – Jul 1, 2022): Earnings per share 4.75 USD
2023Fiscal year 2023 (Jul 2, 2022 – Jun 30, 2023): Earnings per share −5.44 USD
2024Fiscal year 2024 (Jul 1, 2023 – Jun 28, 2024): Earnings per share −2.61 USD
2025Fiscal year 2025 (Jun 29, 2024 – Jun 27, 2025): Earnings per share 5.12 USD
2026Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Earnings per share 24.28 USD
Earnings per shareUSD per share
−2.5002.505.007.5010
Q4/23Quarter Q4/23 (Sep 30, 2023 – Dec 29, 2023): Earnings per share −0.93 USD
Q1/24Quarter Q1/24 (Dec 30, 2023 – Mar 29, 2024): Earnings per share 0.34 USD
Q2/24Quarter Q2/24 (Mar 30, 2024 – Jun 28, 2024): Earnings per share 0.08 USD
Q2/26Quarter Q2/26 (Apr 4, 2026 – Jul 3, 2026): Earnings per share not reported separately for Q4
Q3/26Quarter Q3/26 (Jul 4, 2026 – Oct 2, 2026): Earnings per share 4.63 USD
Dividend per sharePayout ratio (below)USD per share
00.501.001.502.00
2017Fiscal year 2017 (Jul 6, 2016 – Jun 30, 2017): Dividend per share 2.00 USD · Payout ratio 149.3%
2018Fiscal year 2018 (Jul 1, 2017 – Jun 29, 2018): Dividend per share 2.00 USD · Payout ratio 90.9%
2019Fiscal year 2019 (Jun 30, 2018 – Jun 28, 2019): Dividend per share 2.00 USD · Payout ratio not available
2020Fiscal year 2020 (Jun 29, 2019 – Jul 3, 2020): Dividend per share 1.50 USD · Payout ratio not available
2021Fiscal year 2021 (Jul 4, 2020 – Jul 2, 2021): Dividend per share 0.00 USD · Payout ratio 0.0%
2022Fiscal year 2022 (Jul 3, 2021 – Jul 1, 2022): Dividend per share 0.00 USD · Payout ratio 0.0%
2023Fiscal year 2023 (Jul 2, 2022 – Jun 30, 2023): Dividend per share not available · Payout ratio not available
2024Fiscal year 2024 (Jul 1, 2023 – Jun 28, 2024): Dividend per share not available · Payout ratio not available
2025Fiscal year 2025 (Jun 29, 2024 – Jun 27, 2025): Dividend per share 0.10 USD · Payout ratio 2.0%
2026Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Dividend per share 0.50 USD · Payout ratio 2.1%
Ratio
149%91%0%0%2%2%
Dividend per sharePayout ratio (below)USD per share
00.050.100.15
Q4/23Quarter Q4/23 (Sep 30, 2023 – Dec 29, 2023): Dividend per share not available · Payout ratio not available
Q1/24Quarter Q1/24 (Dec 30, 2023 – Mar 29, 2024): Dividend per share not available · Payout ratio not available
Q2/24Quarter Q2/24 (Mar 30, 2024 – Jun 28, 2024): Dividend per share not available · Payout ratio not available
Q3/24Quarter Q3/24 (Jun 29, 2024 – Sep 27, 2024): Dividend per share not available · Payout ratio not available
Q4/24Quarter Q4/24 (Sep 28, 2024 – Dec 27, 2024): Dividend per share not available · Payout ratio not available
Q1/25Quarter Q1/25 (Dec 28, 2024 – Mar 28, 2025): Dividend per share not available · Payout ratio not available
Q2/25Quarter Q2/25 (Mar 29, 2025 – Jun 27, 2025): Dividend per share not available · Payout ratio not available
Q3/25Quarter Q3/25 (Jun 28, 2025 – Oct 3, 2025): Dividend per share 0.10 USD · Payout ratio 3.3%
Q4/25Quarter Q4/25 (Oct 4, 2025 – Jan 2, 2026): Dividend per share 0.13 USD · Payout ratio 2.6%
Q1/26Quarter Q1/26 (Jan 3, 2026 – Apr 3, 2026): Dividend per share 0.13 USD · Payout ratio 1.5%
Q2/26Quarter Q2/26 (Apr 4, 2026 – Jul 3, 2026): Dividend per share 0.15 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q3/26Quarter Q3/26 (Jul 4, 2026 – Oct 2, 2026): Dividend per share 0.15 USD · Payout ratio 3.2%
Ratio
3%3%2%3%
Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Revenue 12.9B USD · Net income 9.4B USD · Net margin 72.9%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2026
Of 100 USD of revenue, 48.9 USD gross profit, 34.5 USD operating income and 72.9 USD net income remained.
2017Fiscal year 2017: Operating cash flow 3.4B USD · Capital expenditure 578.0M USD · Free cash flow 2.9B USD
2018Fiscal year 2018: Operating cash flow 4.2B USD · Capital expenditure 835.0M USD · Free cash flow 3.4B USD
2019Fiscal year 2019: Operating cash flow 1.5B USD · Capital expenditure 876.0M USD · Free cash flow 671.0M USD
2020Fiscal year 2020: Operating cash flow 824.0M USD · Capital expenditure 647.0M USD · Free cash flow 177.0M USD
2021Fiscal year 2021: Operating cash flow 1.9B USD · Capital expenditure 1.1B USD · Free cash flow 752.0M USD
2022Fiscal year 2022: Operating cash flow 1.9B USD · Capital expenditure 1.1B USD · Free cash flow 758.0M USD
2023Fiscal year 2023: Operating cash flow −408.0M USD · Capital expenditure 821.0M USD · Free cash flow −1.2B USD
2024Fiscal year 2024: Operating cash flow −294.0M USD · Capital expenditure 487.0M USD · Free cash flow −781.0M USD
2025Fiscal year 2025: Operating cash flow 1.7B USD · Capital expenditure 412.0M USD · Free cash flow 1.3B USD
2026Fiscal year 2026: Operating cash flow 3.9B USD · Capital expenditure 418.0M USD · Free cash flow 3.5B USD
Share count
The share count rose in 5 years by 23.9% – more new shares were issued than repurchased (dilution).
Diluted share count
0100M200M300M400M
2017Fiscal year 2017: Diluted share count 296.0M
2018Fiscal year 2018: Diluted share count 307.0M
2019Fiscal year 2019: Diluted share count 292.0M
2020Fiscal year 2020: Diluted share count 298.0M
2021Fiscal year 2021: Diluted share count 309.0M
2022Fiscal year 2022: Diluted share count 316.0M
2023Fiscal year 2023: Diluted share count 318.0M
2024Fiscal year 2024: Diluted share count 326.0M
2025Fiscal year 2025: Diluted share count 359.0M
2026Fiscal year 2026: Diluted share count 383.0M
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividend per share
0.50USD · Fiscal year 2026
Dividend growth per year
3 y–5 y–10 y–
Years without a cut
at least 1as far as the data goes
Payout ratio
of earnings2%of free cash flow5%
To shareholders (4 years)
3.0B USD93% through repurchases
Share count over 5 years
+23.9%more shares – dilution
Dividend per share
The dividend per share rose in 5 years from 0.00 USD to 0.50 USD.
Dividend per shareUSD per sharePer share as filed with the SEC, including special dividends; obvious filing errors are hidden.
00.501.001.502.00
2017Fiscal year 2017: Dividend per share 2.00 USD
2018Fiscal year 2018: Dividend per share 2.00 USD
2019Fiscal year 2019: Dividend per share 2.00 USD
2020Fiscal year 2020: Dividend per share 1.50 USD
2021Fiscal year 2021: Dividend per share 0.00 USD
2022Fiscal year 2022: Dividend per share 0.00 USD
2023Fiscal year 2023: Dividend per share not available
2024Fiscal year 2024: Dividend per share not available
2025Fiscal year 2025: Dividend per share 0.10 USD
2026Fiscal year 2026: Dividend per share 0.50 USD
Payout ratios
The payout ratio rose in 5 years from 0.0% to 2.1%.
Payout ratio (earnings)Payout ratio (free cash flow)
0%100%200%300%400%
2017Fiscal year 2017: Payout ratio (earnings) 149.3% · Payout ratio (free cash flow) 20.1%
2018Fiscal year 2018: Payout ratio (earnings) 90.9% · Payout ratio (free cash flow) 17.6%
2019Fiscal year 2019: Payout ratio (earnings) not available · Payout ratio (free cash flow) 21.9%
2020Fiscal year 2020: Payout ratio (earnings) not available · Payout ratio (free cash flow) 336.2%
2021Fiscal year 2021: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
2022Fiscal year 2022: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
2023Fiscal year 2023: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
2024Fiscal year 2024: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
2025Fiscal year 2025: Payout ratio (earnings) 2.0% · Payout ratio (free cash flow) 3.4%
2026Fiscal year 2026: Payout ratio (earnings) 2.1% · Payout ratio (free cash flow) 5.0%
What goes back to shareholders
Over 4 years, 3.0B USD went back to shareholders, 93% of it through share repurchases. That is 106% of the free cash flow of those years.
2017Fiscal year 2017: Dividends paid 574.0M USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 2.9B USD
2018Fiscal year 2018: Dividends paid 593.0M USD · Share repurchases 591.0M USD · New shares issued (including employee plans) not available · Free cash flow 3.4B USD
2019Fiscal year 2019: Dividends paid 147.0M USD · Share repurchases 563.0M USD · New shares issued (including employee plans) not available · Free cash flow 671.0M USD
2020Fiscal year 2020: Dividends paid 595.0M USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 177.0M USD
2021Fiscal year 2021: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 752.0M USD
2022Fiscal year 2022: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 758.0M USD
2023Fiscal year 2023: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow −1.2B USD
2024Fiscal year 2024: Dividends paid 0.0 USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow −781.0M USD
2025Fiscal year 2025: Dividends paid 44.0M USD · Share repurchases 149.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.3B USD
2026Fiscal year 2026: Dividends paid 174.0M USD · Share repurchases 2.6B USD · New shares issued (including employee plans) not available · Free cash flow 3.5B USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.Log in
Sector comparison
Western Digital next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.
Sector comparison WDC, sector Technology; last row: sector median
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light red: shrinking
−5.3%per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it fell by 5.3% per year on average. The median company in the sector reached +13.5% per year.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+62.9%per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: +55.6% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 62.9% per year on average – at least as fast as the median company in the sector (+13.3%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 72.95 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 4.9%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light green: lower than sector
0.12latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? For every 1 USD of equity there is 0.12 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light green: covered
2%Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.02 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 30%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 4 loss years
6 of 10fiscal years with a profit
What does this mean? In 6 of the last 10 fiscal years the bottom line showed a profit. 4 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
12.9B USD
Revenue vs. prior year
+35.7%
Net income (FY)
9.4B USD
Net income vs. prior year
+398.9%
EPS (FY)
24.28 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−78.5%
Fiscal year to Jul 3, 2026 · 10-K filed Aug 14, 2026 · Balance sheet Jul 3, 2026 (filed Aug 14, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2026
Jul 3, 2026
12.9B
9.4B
72.9%
24.28
0.50
2%
2025
Jun 27, 2025
9.5B
1.9B
19.8%
5.12
0.10
2%
2024
Jun 28, 2024
13.0B
−798.0M
−6.1%
−2.61
–
–
2023
Jun 30, 2023
12.3B
−1.7B
−13.8%
−5.44
–
–
2022
Jul 1, 2022
18.8B
1.5B
8.0%
4.75
0.00
0%
2021
Jul 2, 2021
16.9B
821.0M
4.9%
2.66
0.00
0%
2020
Jul 3, 2020
16.7B
−250.0M
−1.5%
−0.84
1.50
–
2019
Jun 28, 2019
16.6B
−754.0M
−4.6%
−2.58
2.00
–
2018
Jun 29, 2018
20.6B
675.0M
3.3%
2.20
2.00
91%
2017
Jun 30, 2017
19.1B
397.0M
2.1%
1.34
2.00
149%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q3/26
Oct 2, 2026
4.4B
1.8B
40.6%
4.63
0.15
3%
Q2/26*
Jul 3, 2026
3.7B
3.2B
85.3%
–
0.15
–
Q1/26
Apr 3, 2026
3.3B
3.2B
96.0%
8.20
0.13
2%
Q4/25
Jan 2, 2026
3.0B
1.8B
61.1%
4.73
0.13
3%
Q3/25
Oct 3, 2025
2.8B
1.2B
41.9%
3.07
0.10
3%
Q2/25
Jun 27, 2025
2.6B
282.0M
10.8%
0.75
–
–
Q1/25
Mar 28, 2025
2.3B
520.0M
22.7%
1.42
–
–
Q4/24
Dec 27, 2024
4.3B
594.0M
13.9%
1.63
–
–
Q3/24
Sep 27, 2024
4.1B
493.0M
12.0%
1.35
–
–
Q2/24
Jun 28, 2024
2.0B
39.0M
1.9%
0.08
–
–
Q1/24
Mar 29, 2024
3.5B
135.0M
3.9%
0.34
–
–
Q4/23
Dec 29, 2023
3.0B
−287.0M
−9.5%
−0.93
–
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -60
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)-15
Highs and lows-20
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)28.4
Rel. strength 60 d−28.5%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.