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.
Gap with volume · Analysis method
The price of WDC is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
Buy zone: from the start of the gap to the close of the gap day. Stop: just below the low of the gap day. Targets: 3 and 5 ATR (normal daily ranges) above the close of the gap day.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
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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 our buy zones, not investment advice. Source: SEC filings, As of Aug 14, 2026.
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%
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 0.46 (65 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 (0.46). 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.