WDC Western Digital

XNGS Down Alert

Technology

· How we analyze

About the company

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

Fact sheet (from the annual report) Data storage · San Jose, USA

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.

Automatically summarized from SEC annual report (10-K, filed Aug 14, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +7.0%
  • 7 days +4.6%
  • 30 days −16.6%
  • 1 year +200.7%
Day range (last trading day)
−5.9%Price at 76% of the range+1.9%
52-week range
−68.0%Price at 38% of the range+110.0%
Distance from the all-time high
−52.4%

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.

Where is the price relative to the buy zone?

No buy zone

There is currently no buy zone for this symbol under our Elliott rule. One only forms when the price pulls back after a strong rise.

An observation, not investment advice

Automated analysis (rule-based)

How we analyze

Timeframe 4 hours · As of Oct 27, 2026

Elliott wave analysis Western Digital (4-hour candles): Combination (W-X-Y-X-Z), Corrective pattern (downward), Z in progress (4 of 4 guidelines); no buy zone of the rule on this timeframe. Candlestick chart WDC with 114 4-hour candles from Aug 7, 2026, 15:30 to Oct 27, 2026, 18:30. No buy zone of the rule on this timeframe – only the Elliott count: Combination (W-X-Y-X-Z), Corrective pattern (downward), Z in progress (4 of 4 guidelines) (X = 59% of W; Y = 69% of W; X = 78% of Y; Z = 102% of W–Y), invalid on a close above the end of the second X. Alternative: Flat (running), Corrective pattern (upward), C complete (3 of 3 guidelines). Fibonacci target zones for this count from Watcher. No value axis. Automated analysis (rule-based), not investment advice. WDC · 4-hour candles · Automated analysis (rule-based) No buy zone of the rule – Elliott count only Fibonacci target zones for this count from Watcher invalid on a close above the end of the second X 0 W X Y X Z in progress (a) (b) (c) Aug 12 Aug 24 Sep 3 Sep 16 Sep 28 Oct 8 Oct 20 last candle Oct 27, 2026, 18:30 · not investment advice Without a buy zone of the rule: no value axis
  • 4-hour candles (green = close above open, red = below)
  • Elliott count (thin gold line, waves in circles; dashed circle = still in progress; small = subwaves; red dashed = invalidation level)
  • Watcher Fibonacci target zones for this count from Watcher

Elliott count: Combination (W-X-Y-X-Z), Corrective pattern (downward), Z in progress (4 of 4 guidelines) · X = 59% of W; Y = 69% of W; X = 78% of Y; Z = 102% of W–Y

Alternative (not drawn): Flat (running), Corrective pattern (upward), C complete (3 of 3 guidelines)

Note: Structure ambiguous: leg X can also be read as three- or five-part.

Note: Count questionable: Y in progress at 163% (Y of W, limit 161.8%).

Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.

Scenarios

Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart

Weighting Main scenario: ahead (4 of 4 guidelines, strong) · Alternative: behind (3 of 3, strong)

Weighting by guidelines met – not a probability.

Main scenario

ahead strong · 4 of 4 guidelines

As long as the 4-hour close stays below the end of the second X, this applies: complex countermove downward (Combination W-X-Y-X-Z), Z in progress – count points to falling prices.

Invalid if the 4-hour close is above the end of the second X

Alternative

behind strong · 3 of 3 guidelines

If that breaks, the second reading no longer applies either: flat countermove upward in three waves (Flat, running), C complete – then there is no valid count for now; the next candles will produce a new one.

Invalid if the 4-hour close is above the end of C

Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.

Fundamental analysis

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.

Fiscal year to Jul 3, 2026

Quality 6 of 8 met

  • met: Gross margin above 40% 48.9%
  • met: Operating margin above 15% 34.5%
  • met: Net margin above 10% 72.9%
  • met: Return on equity above 15% 106.3%
  • met: Free cash flow margin above 10% 27.2%
  • not met: Profit in each of the last 5 fiscal years 3 of 5
  • not met: Free cash flow positive in each of the last 3 fiscal years 2 of 3
  • met: Equity ratio above 30% 63.9%
Gross margin

48.9% Fiscal year 2026

Rank 48 of 100: higher than 48% of 153 peers (All). medium.

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

Rank 85 of 100: higher than 85% of 192 peers (All). strong.

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

Rank 99 of 100: higher than 99% of 237 peers (All). strong.

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

Rank 97 of 100: higher than 97% of 218 peers (All). strong.

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)

Rank 100 of 100: higher than 100% of 238 peers (All). strong.

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

Rank 86 of 100: higher than 86% of 239 peers (All). strong.

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

Rank 80 of 100: higher than 80% of 213 peers (All). strong.

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 USD Fiscal 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 year no comparable figures over 10 years
  • no data: Over 3 years, EPS grew by more than 5% per year not 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 years 3 of 5
  • met: Revenue rose in the last fiscal year +35.7%
Revenue growth 3 years

+1.6% per year

Rank 22 of 100: higher than 22% of 230 peers (All). weak.

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

Rank 2 of 100: higher than 2% of 217 peers (All). weak.

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

Rank 93 of 100: higher than 93% of 146 peers (All). strong.

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

Rank 96 of 100: higher than 96% of 140 peers (All). strong.

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 dividend 0.50 USD
  • met: Payout ratio at most 60% of earnings 2%
  • no data: Dividend paid in each of the last 5 fiscal years not 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 years not reported as an annual figure for each of the last 5 fiscal years
  • no data: Dividend per share higher than 5 years ago no comparable dividend 5 years ago
  • met: Free cash flow per share covers the dividend 18.3x
  • met: Dividends paid over the last 5 years covered by free cash flow 5% of free cash flow
Payout ratio

2% Fiscal year 2026

Dividend per share divided by earnings per share.

Free cash flow coverage

18.3x Fiscal 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 9 7 of 9
  • met: Long-term debt no higher than equity 0.12
  • met: Current assets cover current liabilities 1.33
  • met: Positive equity 8.9B USD
  • not met: In 5 years, share count up by at most 5% +23.9%
  • met: Free cash flow positive in the last fiscal year 3.5B USD
Piotroski F-Score

7 of 9 Fiscal year 2026

Rank 72 of 100: higher than 72% of 134 peers (All). strong.

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

0.12 at fiscal year end

Rank 85 of 100: lower than 85% of 199 peers (All). strong.

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)

1.33 at fiscal year end

Rank 49 of 100: higher than 49% of 215 peers (All). medium.

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

Rank 20 of 100: lower than 20% of 199 peers (All). weak.

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 income Net margin (below) in USD
  1. Fiscal year 2017 (Jul 6, 2016 – Jun 30, 2017): Revenue 19.1B USD · Net income 397.0M USD · Net margin 2.1%
  2. Fiscal year 2018 (Jul 1, 2017 – Jun 29, 2018): Revenue 20.6B USD · Net income 675.0M USD · Net margin 3.3%
  3. Fiscal year 2019 (Jun 30, 2018 – Jun 28, 2019): Revenue 16.6B USD · Net income −754.0M USD · Net margin −4.6%
  4. Fiscal year 2020 (Jun 29, 2019 – Jul 3, 2020): Revenue 16.7B USD · Net income −250.0M USD · Net margin −1.5%
  5. Fiscal year 2021 (Jul 4, 2020 – Jul 2, 2021): Revenue 16.9B USD · Net income 821.0M USD · Net margin 4.9%
  6. Fiscal year 2022 (Jul 3, 2021 – Jul 1, 2022): Revenue 18.8B USD · Net income 1.5B USD · Net margin 8.0%
  7. Fiscal year 2023 (Jul 2, 2022 – Jun 30, 2023): Revenue 12.3B USD · Net income −1.7B USD · Net margin −13.8%
  8. Fiscal year 2024 (Jul 1, 2023 – Jun 28, 2024): Revenue 13.0B USD · Net income −798.0M USD · Net margin −6.1%
  9. Fiscal year 2025 (Jun 29, 2024 – Jun 27, 2025): Revenue 9.5B USD · Net income 1.9B USD · Net margin 19.8%
  10. Fiscal year 2026 (Jun 28, 2025 – Jul 3, 2026): Revenue 12.9B USD · Net income 9.4B USD · Net margin 72.9%

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.

Net income is above operating income (e.g. a tax benefit, gains on investments or securities).

Money flow as a table
Fiscal year 2026, amounts in USD, share of revenue
ItemAmountof revenue
Revenue12.9B USD100.0%
Gross profit6.3B USD48.9%
Cost of revenue6.6B USD51.1%
Operating income4.5B USD34.5%
Research & development1.2B USD9.0%
Other operating expenses697.0M USD5.4%
Net income9.4B USD72.9%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 7.2% to 34.5%.

Gross marginOperating marginNet margin
  1. Fiscal year 2017: Gross margin 31.8% · Operating margin 10.2% · Net margin 2.1%
  2. Fiscal year 2018: Gross margin 37.3% · Operating margin 17.5% · Net margin 3.3%
  3. Fiscal year 2019: Gross margin 22.6% · Operating margin 0.5% · Net margin −4.6%
  4. Fiscal year 2020: Gross margin 22.6% · Operating margin 2.0% · Net margin −1.5%
  5. Fiscal year 2021: Gross margin 26.7% · Operating margin 7.2% · Net margin 4.9%
  6. Fiscal year 2022: Gross margin 31.3% · Operating margin 12.7% · Net margin 8.0%
  7. Fiscal year 2023: Gross margin 15.3% · Operating margin −10.4% · Net margin −13.8%
  8. Fiscal year 2024: Gross margin 22.6% · Operating margin −2.4% · Net margin −6.1%
  9. Fiscal year 2025: Gross margin 38.8% · Operating margin 24.5% · Net margin 19.8%
  10. Fiscal year 2026: Gross margin 48.9% · Operating margin 34.5% · Net margin 72.9%

Returns

Return on equity rose in 5 years from 7.7% to 106.3%.

Return on equityReturn on assets
  1. Fiscal year 2017: Return on equity 3.5% · Return on assets 1.3%
  2. Fiscal year 2018: Return on equity 5.9% · Return on assets 2.3%
  3. Fiscal year 2019: Return on equity −7.6% · Return on assets −2.9%
  4. Fiscal year 2020: Return on equity −2.6% · Return on assets −1.0%
  5. Fiscal year 2021: Return on equity 7.7% · Return on assets 3.1%
  6. Fiscal year 2022: Return on equity 12.3% · Return on assets 5.7%
  7. Fiscal year 2023: Return on equity −15.7% · Return on assets −7.0%
  8. Fiscal year 2024: Return on equity −7.4% · Return on assets −3.3%
  9. Fiscal year 2025: Return on equity 35.6% · Return on assets 13.5%
  10. Fiscal year 2026: Return on equity 106.3% · Return on assets 68.0%

Equity and long-term debt

The equity ratio rose in 5 years from 41.0% to 63.9%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2017: Equity 11.4B USD · Long-term debt 13.2B USD
  2. Fiscal year 2018: Equity 11.5B USD · Long-term debt 11.2B USD
  3. Fiscal year 2019: Equity 10.0B USD · Long-term debt 10.5B USD
  4. Fiscal year 2020: Equity 9.6B USD · Long-term debt 9.6B USD
  5. Fiscal year 2021: Equity 10.7B USD · Long-term debt 8.7B USD
  6. Fiscal year 2022: Equity 12.2B USD · Long-term debt 7.0B USD
  7. Fiscal year 2023: Equity 10.8B USD · Long-term debt 7.1B USD
  8. Fiscal year 2024: Equity 10.8B USD · Long-term debt 7.4B USD
  9. Fiscal year 2025: Equity 5.3B USD · Long-term debt 4.7B USD
  10. Fiscal year 2026: Equity 8.9B USD · Long-term debt 1.1B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 2.00 to 1.33.

Current ratio
  1. Fiscal year 2017: Current ratio 2.55
  2. Fiscal year 2018: Current ratio 2.39
  3. Fiscal year 2019: Current ratio 2.22
  4. Fiscal year 2020: Current ratio 2.05
  5. Fiscal year 2021: Current ratio 2.00
  6. Fiscal year 2022: Current ratio 1.81
  7. Fiscal year 2023: Current ratio 1.45
  8. Fiscal year 2024: Current ratio 1.32
  9. Fiscal year 2025: Current ratio 1.08
  10. Fiscal year 2026: Current ratio 1.33

Cash flow

Free cash flow rose in 5 years from 752.0M USD to 3.5B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2017: Operating cash flow 3.4B USD · Capital expenditure 578.0M USD · Free cash flow 2.9B USD
  2. Fiscal year 2018: Operating cash flow 4.2B USD · Capital expenditure 835.0M USD · Free cash flow 3.4B USD
  3. Fiscal year 2019: Operating cash flow 1.5B USD · Capital expenditure 876.0M USD · Free cash flow 671.0M USD
  4. Fiscal year 2020: Operating cash flow 824.0M USD · Capital expenditure 647.0M USD · Free cash flow 177.0M USD
  5. Fiscal year 2021: Operating cash flow 1.9B USD · Capital expenditure 1.1B USD · Free cash flow 752.0M USD
  6. Fiscal year 2022: Operating cash flow 1.9B USD · Capital expenditure 1.1B USD · Free cash flow 758.0M USD
  7. Fiscal year 2023: Operating cash flow −408.0M USD · Capital expenditure 821.0M USD · Free cash flow −1.2B USD
  8. Fiscal year 2024: Operating cash flow −294.0M USD · Capital expenditure 487.0M USD · Free cash flow −781.0M USD
  9. Fiscal year 2025: Operating cash flow 1.7B USD · Capital expenditure 412.0M USD · Free cash flow 1.3B USD
  10. Fiscal 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
  1. Fiscal year 2017: Diluted share count 296.0M
  2. Fiscal year 2018: Diluted share count 307.0M
  3. Fiscal year 2019: Diluted share count 292.0M
  4. Fiscal year 2020: Diluted share count 298.0M
  5. Fiscal year 2021: Diluted share count 309.0M
  6. Fiscal year 2022: Diluted share count 316.0M
  7. Fiscal year 2023: Diluted share count 318.0M
  8. Fiscal year 2024: Diluted share count 326.0M
  9. Fiscal year 2025: Diluted share count 359.0M
  10. Fiscal 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
0.50 USD · Fiscal year 2026
Dividend growth per year
3 y –5 y –10 y –
Years without a cut
at least 1 as far as the data goes
Payout ratio
of earnings 2% of free cash flow 5%
To shareholders (4 years)
3.0B USD 93% 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 share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2017: Dividend per share 2.00 USD
  2. Fiscal year 2018: Dividend per share 2.00 USD
  3. Fiscal year 2019: Dividend per share 2.00 USD
  4. Fiscal year 2020: Dividend per share 1.50 USD
  5. Fiscal year 2021: Dividend per share 0.00 USD
  6. Fiscal year 2022: Dividend per share 0.00 USD
  7. Fiscal year 2023: Dividend per share not available
  8. Fiscal year 2024: Dividend per share not available
  9. Fiscal year 2025: Dividend per share 0.10 USD
  10. Fiscal 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)
  1. Fiscal year 2017: Payout ratio (earnings) 149.3% · Payout ratio (free cash flow) 20.1%
  2. Fiscal year 2018: Payout ratio (earnings) 90.9% · Payout ratio (free cash flow) 17.6%
  3. Fiscal year 2019: Payout ratio (earnings) not available · Payout ratio (free cash flow) 21.9%
  4. Fiscal year 2020: Payout ratio (earnings) not available · Payout ratio (free cash flow) 336.2%
  5. Fiscal year 2021: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
  6. Fiscal year 2022: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
  7. Fiscal year 2023: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  8. Fiscal year 2024: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  9. Fiscal year 2025: Payout ratio (earnings) 2.0% · Payout ratio (free cash flow) 3.4%
  10. Fiscal 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.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal 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
  2. Fiscal 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
  3. Fiscal 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
  4. Fiscal 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
  5. Fiscal 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
  6. Fiscal year 2022: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 758.0M USD
  7. Fiscal 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
  8. Fiscal 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
  9. Fiscal 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
  10. Fiscal 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.

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
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
TXN Texas Instruments 17.7B USD +4.1%57.0%34.1%28.3%30.7%47.1%14.7%6/9
GLW Corning Inc. 15.6B USD +6.7%36.0%14.6%10.2%13.5%38.1%9.0%7/9
KLAC KLA Corporation 13.6B USD +14.4%61.3%–35.6%76.1%35.4%27.7%8/9
NOW ServiceNow 13.3B USD +24.1%77.5%13.7%13.2%13.5%49.8%34.5%6/9
WDC Western Digital this stock 12.9B USD −5.3%48.9%34.5%72.9%106.3%63.9%27.2%7/9
STX Seagate Technology 12.2B USD +2.7%45.6%33.6%26.1%146.9%21.7%25.5%8/9
MSI Motorola Solutions 11.7B USD +9.5%51.7%25.6%18.4%89.4%12.4%22.0%6/9
PANW Palo Alto Networks 11.5B USD +22.0%70.4%6.1%2.7%1.1%56.7%35.8%4/9
ADI Analog Devices 11.0B USD +14.5%61.5%26.6%20.6%6.7%70.5%38.8%8/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

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 of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue 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)

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.

Net margin

Light green: above sector

72.9% last fiscal year

Sector Technology: median 12.5% (97 symbols)

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

Light green: lower than sector

0.12 latest 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

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

Light red: 4 loss years

6 of 10 fiscal 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)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2026Jul 3, 2026 12.9B9.4B 72.9% 24.28 0.50 2%
2025Jun 27, 2025 9.5B1.9B 19.8% 5.12 0.10 2%
2024Jun 28, 2024 13.0B−798.0M −6.1% −2.61 – –
2023Jun 30, 2023 12.3B−1.7B −13.8% −5.44 – –
2022Jul 1, 2022 18.8B1.5B 8.0% 4.75 0.00 0%
2021Jul 2, 2021 16.9B821.0M 4.9% 2.66 0.00 0%
2020Jul 3, 2020 16.7B−250.0M −1.5% −0.84 1.50 –
2019Jun 28, 2019 16.6B−754.0M −4.6% −2.58 2.00 –
2018Jun 29, 2018 20.6B675.0M 3.3% 2.20 2.00 91%
2017Jun 30, 2017 19.1B397.0M 2.1% 1.34 2.00 149%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Oct 2, 2026 4.4B1.8B 40.6% 4.63 0.15 3%
Q2/26*Jul 3, 2026 3.7B3.2B 85.3% – 0.15 –
Q1/26Apr 3, 2026 3.3B3.2B 96.0% 8.20 0.13 2%
Q4/25Jan 2, 2026 3.0B1.8B 61.1% 4.73 0.13 3%
Q3/25Oct 3, 2025 2.8B1.2B 41.9% 3.07 0.10 3%
Q2/25Jun 27, 2025 2.6B282.0M 10.8% 0.75 – –
Q1/25Mar 28, 2025 2.3B520.0M 22.7% 1.42 – –
Q4/24Dec 27, 2024 4.3B594.0M 13.9% 1.63 – –
Q3/24Sep 27, 2024 4.1B493.0M 12.0% 1.35 – –
Q2/24Jun 28, 2024 2.0B39.0M 1.9% 0.08 – –
Q1/24Mar 29, 2024 3.5B135.0M 3.9% 0.34 – –
Q4/23Dec 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 over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $15.7M5 people −$15.7M
6 months $00 people $35.8M7 people −$35.8M
12 months $00 people $75.3M10 people −$75.3M

Latest transactions

  • Oct 21, 2026 Tregillis Cynthia L Officer Open-market sale · 10b5-1 plan 807 shares · $306.7K · SEC
  • Sep 4, 2026 Tregillis Cynthia L Officer Open-market sale · 10b5-1 plan 432 shares · $194.9K · SEC
  • Sep 4, 2026 Gubbi Vidyadhara K Officer Open-market sale 1,795 shares · $825.5K · SEC
  • Sep 1, 2026 Streeter Stephanie A Director Open-market sale 1,600 shares · $728.0K · SEC
  • Aug 31, 2026 Streeter Stephanie A Director Open-market sale 2,000 shares · $897.2K · SEC
  • Aug 31, 2026 Streeter Stephanie A Director Open-market sale 2,000 shares · $894.1K · SEC

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 and moving averages as price values only when logged in.

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