Western Digital (WDC) Stock Overview

Develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. More details

WDC fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 70.8% below our estimate of its fair value

Earnings are forecast to grow 17.91% per year

Earnings grew by 459.6% over the past year

Risk Analysis

High level of non-cash earnings

Volatile share price over the past 3 months compared to the Canadian market

Last Earnings Call

Q4 2026 · 5 Aug 2026

Full Transcript

Western Digital Corporation (NASDAQ: WDC) reported strong financial results for its fiscal fourth quarter ending July 3, 2026. Revenue grew 44% year-over-year to $3.75 billion, while non-GAAP earnings per share (EPS) more than doubled to $3.56. The company’s performance was driven by robust AI-related storage demand, particularly in cloud and hyperscale segments, which accounted for 89% of quarterly revenue.

Western Digital exceeded analyst consensus estimates for both metrics:

Revenue: Reported $3.75 billion vs. consensus of ~$3.69–$3.70 billion (Beat).
EPS: Reported $3.56 vs. consensus of ~$3.29–$3.31 (Beat).

Management remains optimistic, citing the "durability of demand" fueled by inference and Agentic AI workloads, and guided Q1 fiscal 2027 revenue to $4.1 billion (at midpoint) with EPS of $4.00, both above consensus forecasts.

Market Reaction

Western Digital shares fell approximately 9% to 11% in after-hours trading on August 5, 2026. Analysts cited a "disconnect" between the company’s strong results and investor sentiment, noting that the stock had already rallied significantly year-to-date. Investors appeared disappointed that the guidance, while beating estimates, suggested a deceleration in the sequential rate of improvement, failing to satisfy high expectations for further acceleration.

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Western Digital Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Western Digital
Historical stock prices
Current Share Price	US$26.54
52 Week High	US$48.87
52 Week Low	US$24.90
Beta	2.22
1 Month Change	-25.29%
3 Month Change	-15.96%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-5.85%

Recent updates

Shareholder Returns

	WDC	CA Tech	CA Market
7D	-19.9%	0.6%	2.4%
1Y	n/a	49.2%	31.4%

Return vs Industry: Insufficient data to determine how WDC performed against the Canadian Tech industry.

Return vs Market: Insufficient data to determine how WDC performed against the Canadian Market.

Price Volatility

Is WDC's price volatile compared to industry and market?
WDC volatility
WDC Average Weekly Movement	14.7%
Tech Industry Average Movement	12.2%
Market Average Movement	9.7%
10% most volatile stocks in CA Market	16.2%
10% least volatile stocks in CA Market	3.7%

Stable Share Price: WDC's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine WDC's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1970	40,000	Irving Tan	www.westerndigital.com

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories. It sells its data storage devices and solutions through its computer manufacturers, sales personnel, dealers, distributors, and retailers.

Western Digital Corporation Fundamentals Summary

How do Western Digital's earnings and revenue compare to its market cap?
WDC fundamental statistics
Market cap	CA$208.72b
Earnings (TTM)	CA$12.95b
Revenue (TTM)	CA$18.01b

16.1x

P/E Ratio

11.6x

P/S Ratio

Is WDC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WDC income statement (TTM)
Revenue	US$12.92b
Cost of Revenue	US$6.61b
Gross Profit	US$6.31b
Other Expenses	-US$2.97b
Earnings	US$9.29b

Last Reported Earnings

Jul 03, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	26.94
Gross Margin	48.85%
Net Profit Margin	71.88%
Debt/Equity Ratio	11.9%

How did WDC perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/09 12:27
End of Day Share Price	2026/08/07 00:00
Earnings	2026/07/03
Annual Earnings	2026/07/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Western Digital Corporation is covered by 50 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Fontanelli	Arete Research Services LLP
James Kelleher	Argus Research Company
Tristan Gerra	Baird

Western Digital CorporationTSX:WDC Stock Report