Western Digital has been growing earnings at an average annual rate of 25.3%, while the Tech industry saw earnings growing at 15.9% annually. Revenues have been declining at an average rate of 18.1% per year. Western Digital's return on equity is 67%, and it has net margins of 53.9%.
Key information
25.27%
Earnings growth rate
21.74%
EPS growth rate
Tech Industry Growth
11.81%
Revenue growth rate
-18.10%
Return on equity
66.95%
Net Margin
53.92%
Next Earnings Update
05 Aug 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Western Digital makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BATS-CHIXE:WDCD Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
03 Apr 26
11,777
6,350
530
1,139
02 Jan 26
10,734
3,937
491
1,090
03 Oct 25
10,126
2,601
495
1,026
27 Jun 25
9,520
1,598
561
994
28 Mar 25
8,919
1,098
612
999
27 Dec 24
8,377
313
680
997
27 Sep 24
5,779
28
707
781
28 Jun 24
6,317
-819
710
950
29 Mar 24
6,985
-1,287
750
1,141
29 Dec 23
8,036
-1,837
816
1,374
29 Sep 23
11,332
-2,455
907
1,888
30 Jun 23
6,255
-926
784
986
31 Mar 23
14,174
-683
979
2,149
30 Dec 22
15,752
-78
1,018
2,245
30 Sep 22
17,478
937
1,047
2,297
01 Jul 22
18,793
1,546
1,091
2,323
01 Apr 22
19,185
1,821
1,137
2,323
31 Dec 21
18,941
1,993
1,143
2,306
01 Oct 21
18,051
1,491
1,129
2,266
02 Jul 21
16,922
821
1,094
2,243
02 Apr 21
16,289
347
1,076
2,191
01 Jan 21
16,327
167
1,070
2,199
02 Oct 20
16,618
-34
1,103
2,242
03 Jul 20
16,736
-250
1,152
2,261
03 Apr 20
16,083
-595
1,214
2,238
03 Jan 20
15,582
-1,193
1,286
2,219
04 Oct 19
15,581
-1,541
1,297
2,180
28 Jun 19
16,569
-754
1,348
2,182
29 Mar 19
18,052
199
1,370
2,236
28 Dec 18
19,391
841
1,393
2,294
28 Sep 18
20,494
505
1,465
2,384
29 Jun 18
20,647
675
1,475
2,400
30 Mar 18
20,372
199
1,466
2,427
29 Dec 17
20,008
386
1,436
2,438
29 Sep 17
19,560
1,444
1,413
2,394
30 Jun 17
19,093
397
1,445
2,441
31 Mar 17
17,746
-249
1,347
2,325
30 Dec 16
15,919
-423
1,167
2,071
30 Sep 16
14,348
-407
1,048
1,875
01 Jul 16
12,994
242
997
1,627
01 Apr 16
12,690
828
824
1,514
01 Jan 16
13,418
1,138
857
1,557
02 Oct 15
13,989
1,325
782
1,594
Quality Earnings: WDCD has a high level of non-cash earnings.
Growing Profit Margin: WDCD's current net profit margins (53.9%) are higher than last year (12.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WDCD's earnings have grown significantly by 25.3% per year over the past 5 years.
Accelerating Growth: WDCD's earnings growth over the past year (461.5%) exceeds its 5-year average (25.3% per year).
Earnings vs Industry: WDCD earnings growth over the past year (461.5%) exceeded the Tech industry 7.6%.
Return on Equity
High ROE: WDCD's Return on Equity (67%) is considered outstanding.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/23 20:30
End of Day Share Price
2026/07/06 00:00
Earnings
2026/04/03
Annual Earnings
2025/06/27
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.
* 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
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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 54 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.