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WESTERN DIGITAL CORP (WDC) USD

At a glance: strengths & risks
✓Revenue growing (+11%)✓Profit growing (+88%)✓Margins improving (14%→18%)

Sector: United States — large cap (SEC filings)

US_WDC

Price chart

508.8 USDDay 4.41%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
508.8 USD · 4.41%
Market cap
176.6 bn USD

Growth

Δ revenue y/y
43.8%
Δ EBITDA y/y
116.7%

Multiples

P/E (LTM)
18.7x
P/B (FY)
19.9x
P/E (ann.)
13.8x
EV/EBITDA (LTM)
35.1x
EV/EBITDA (ann.)
26.5x

Cash return

Dividend yield
0.1%
FCF yield (LTM)
2.9%

Value creation

fundamental value/yr, % of market cap
Value created / year
+26.9%
↓ details

Liquidity

Daily turnover (US listing)
5 bln USD

Shares: yahoo_fundamentals_timeseries/WDC

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-07-03Q3 2026 (3M)OK3747.0
y/y 43.8%
1563.0
y/y 129.5%
99.0
y/y 15.1%
1662.0
y/y 116.7%
3195.0
y/y 1033.0%
1389.0-108.013861.0
y/y -1.0%
8864.0
y/y 60.0%
137.8%-527.0—
2026-04-03Q2 2026 (3M)OK3337.0
y/y 45.5%
1190.0
y/y 56.6%
276.0
y/y -24.4%
1466.0
y/y 30.3%
3205.0
y/y 516.3%
1123.0-145.015045.0
y/y -8.1%
9680.0
y/y 87.0%
50.9%-437.0Link
2026-01-02Q1 2026 (3M)OK3017.0
y/y —
908.0
y/y —
92.0
y/y —
1000.0
y/y —
1842.0
y/y —
745.0-92.015611.0
y/y —
7111.0
y/y —
113.4%2713.0Link
2025-10-03Q4 2025 (3M)OK2818.0
y/y 27.4%
792.0
y/y 137.1%
88.0
y/y -34.8%
880.0
y/y 87.6%
1182.0
y/y 139.8%
672.0-73.014359.0
y/y -42.0%
5888.0
y/y -49.4%
82.7%2664.0Link
2025-06-27Q2 2025 (3M)OK2605.0
y/y 30.0%
681.0
y/y —
-279.0
y/y -37.7%
-358.0
y/y 1531.9%
-238.0
y/y 623.1%
238.058.014002.0
y/y -42.1%
5540.0
y/y -49.9%
21.1%2597.0Link
2025-03-28Q1 2025 (3M)OK2294.0
y/y 30.9%
760.0
y/y 708.5%
365.0
y/y 160.7%
1125.0
y/y 380.8%
520.0
y/y 285.2%
508.0-129.016368.0
y/y -31.2%
5177.0
y/y -48.8%
8.0%4003.0Link
2024-12-27Q4 2024 (3M)OK2409.0
y/y -20.5%
560.0
y/y —
120.0
y/y -16.1%
680.0
y/y —
594.0
y/y —
403.0-116.025456.0
y/y 4.4%
12117.0
y/y 20.4%
20.0%5418.0Link
2024-09-27Q3 2024 (3M)OK2212.0
y/y -19.6%
334.0
y/y —
135.0
y/y -8.2%
469.0
y/y —
493.0
y/y —
34.0-96.024771.0
y/y 3.2%
11643.0
y/y 13.8%
17.4%6044.0Link
2024-06-28Q2 2024 (3M)OK2004.0
y/y -25.0%
-185.0
y/y -204.6%
138.0
y/y -25.4%
-187.0
y/y -82.7%
-96.0
y/y —
308.0-19.024188.0
y/y -1.5%
11047.0
y/y -6.7%
1.5%5883.0Link
2024-03-29Q1 2024 (3M)OK1752.0
y/y -37.5%
94.0
y/y —
140.0
y/y -34.3%
234.0
y/y —
135.0
y/y —
58.0-97.023801.0
y/y -5.4%
10121.0
y/y -13.8%
1.8%6303.0Link
2023-12-29Q4 2023 (3M)OK3032.0
y/y —
-210.0
y/y —
143.0
y/y —
-67.0
y/y —
-287.0
y/y —
-92.0-150.024385.0
y/y —
10068.0
y/y —
-11.3%6352.0Link
2023-09-29Q3 2023 (3M)OK2750.0
y/y —
-596.0
y/y —
147.0
y/y —
-449.0
y/y —
-685.0
y/y —
-626.0-124.024001.0
y/y —
10230.0
y/y —
-24.8%6080.0Link
2023-06-30Q2 2023 (3M)OK2672.0
y/y —
559.0
y/y —
185.0
y/y —
531.0
y/y —
-138.0
y/y —
313.05.024546.0
y/y —
11840.0
y/y —
-24.1%5047.0Link
2023-03-31Q1 2023 (3M)OK2803.0
y/y —
-472.0
y/y —
213.0
y/y —
-259.0
y/y —
-571.0
y/y —
-381.0-124.025151.0
y/y —
11741.0
y/y —
—5145.0Link

Net debt structure (leases included, IFRS 16) 2026-07-03

Short-term debt (incl. ST leases)1 052
− Cash & equivalents1 579
Net debt-527

Net debt / LTM EBITDA: -0.1x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-1 00001 0002 0003 0002023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q2

Year-over-year change

-200%0%200%400%2023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q2

Cash flow

FCF ($ mln)

-750-500-25002505007502023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q2

Net debt / cash ($ mln)

02 0004 0006 0002023 q12023 q22023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q2

Profit and cash

Profit is cash-backed
In a typical year of 2018–2022 operating cash flow came to 2.31x of reported net profit; after capex, 0.92x. Loss years (2019, 2020) are left out of the ratio.
year20182019202020212022
cash flow / profit6.23x——2.31x1.22x
accruals, % of assets-12.1%-8.7%-4.2%-4.1%-1.3%
Last twelve months (to 2026-07-03): 0.42x of profit came back as operating cash flow.
net debt / EBITDA 1.5x · EBIT covers interest 7.9x · capex 0.6x of depreciation · dividends 23% of free cash flow · share count +0.7% a year
● Over the last twelve months operating cash flow covered 42% of profit, against 2x across the annual window.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +26.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-07-03 vs 2025-06-27)
= (1 662 − 767) × 3.01
2 697
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (176 554 + -527) ÷ 5 008
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (30.0 + 12) ÷ 2
21.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 3 124 + 120 + 1 920 − 0
5 164
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 8.1% × 176 554
−14 302
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (2 697 × 21.0 + 5 164 − 14 302) ÷ 176 554
+26.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • share-count dilution 8.1%/yr (valued at market: -14302)

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +11% vs +1% the year before — a +9.9 pp move. 3-year CAGR +4%.
revenue growth by year: 2020 +1% · 2021 +1% · 2022 +11%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 32.2x · 3-year average 79.5x

EV/EBITDA3-year 75th pct

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-06-050.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2026-03-050.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2025-12-040.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2025-09-040.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2025-06-040.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of WESTERN DIGITAL CORP (WDC) — from primary filings.

Makes hard-disk drives and flash data-storage products.

Frequently asked questions

What is WESTERN DIGITAL CORP (WDC)'s P/E ratio?
WESTERN DIGITAL CORP (WDC) trades at a P/E of 18.7x (price to trailing 12-month earnings).
What is WESTERN DIGITAL CORP (WDC)'s EV/EBITDA?
WESTERN DIGITAL CORP (WDC) trades at 35.1x EV/EBITDA.
What is WESTERN DIGITAL CORP (WDC)'s P/B ratio?
WESTERN DIGITAL CORP (WDC) trades at a P/B of 19.9x.
What is WESTERN DIGITAL CORP (WDC)'s dividend yield?
WESTERN DIGITAL CORP (WDC)'s trailing 12-month dividend yield is 0.1%.
What is WESTERN DIGITAL CORP (WDC)'s return on equity (ROE)?
WESTERN DIGITAL CORP (WDC)'s ROE is 137.8%.
What is WESTERN DIGITAL CORP (WDC)'s market capitalization?
WESTERN DIGITAL CORP (WDC)'s market cap is 176.6 bn USD.

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