Western Digital Corporation

NasdaqGS:WDC Stock Report

Market Cap: US$21.0b

Western Digital Past Earnings Performance

Past criteria checks 2/6

Western Digital's earnings have been declining at an average annual rate of -16%, while the Tech industry saw earnings growing at 21.8% annually. Revenues have been declining at an average rate of 5.8% per year. Western Digital's return on equity is 3.2%, and it has net margins of 2.3%.

Key information

-16.0%

Earnings growth rate

-14.4%

EPS growth rate

Tech Industry Growth14.3%
Revenue growth rate-5.8%
Return on equity3.2%
Net Margin2.3%
Last Earnings Update27 Sep 2024

Recent past performance updates

Western Digital's (NASDAQ:WDC) Strong Earnings Are Of Good Quality

Nov 07
Western Digital's (NASDAQ:WDC) Strong Earnings Are Of Good Quality

Recent updates

With An Upcoming Spinoff, Western Digital Could Be Just Getting Started

Dec 08

Is Western Digital (NASDAQ:WDC) A Risky Investment?

Dec 05
Is Western Digital (NASDAQ:WDC) A Risky Investment?

Western Digital's (NASDAQ:WDC) Strong Earnings Are Of Good Quality

Nov 07
Western Digital's (NASDAQ:WDC) Strong Earnings Are Of Good Quality

Western Digital: Post-Split Plan

Oct 19

An Intrinsic Calculation For Western Digital Corporation (NASDAQ:WDC) Suggests It's 25% Undervalued

Oct 08
An Intrinsic Calculation For Western Digital Corporation (NASDAQ:WDC) Suggests It's 25% Undervalued

Western Digital: Frozen For The Winter - Downgrade To Hold

Oct 03

Is Now An Opportune Moment To Examine Western Digital Corporation (NASDAQ:WDC)?

Sep 17
Is Now An Opportune Moment To Examine Western Digital Corporation (NASDAQ:WDC)?

Western Digital: Positive Move To Spin-Off Flash Memory

Aug 26

Western Digital: A Great Dip To Buy (Rating Upgrade)

Aug 05

Not Many Are Piling Into Western Digital Corporation (NASDAQ:WDC) Stock Yet As It Plummets 26%

Aug 03
Not Many Are Piling Into Western Digital Corporation (NASDAQ:WDC) Stock Yet As It Plummets 26%

Western Digital: A Buy-The-Dip Opportunity Ahead Of Q4 Earnings

Jul 25

Western Digital: Value To Be Unlocked With Flash Spinoff

Jul 03

Calculating The Fair Value Of Western Digital Corporation (NASDAQ:WDC)

Jul 01
Calculating The Fair Value Of Western Digital Corporation (NASDAQ:WDC)

Western Digital Stock: Not Attractive

Jun 20

Western Digital Outperformed Seagate For The First Time In 6 Quarters, But It Isn't Sustainable

May 28

Here's Why Western Digital (NASDAQ:WDC) Can Afford Some Debt

May 08
Here's Why Western Digital (NASDAQ:WDC) Can Afford Some Debt

Western Digital: The Upside Is Just Beginning - Initiating With A Buy

Apr 16

Western Digital: Even Without The Spin-Off, The Company Remains Undervalued

Mar 24

Western Digital: Technical Trends Point To Further Consolidations

Feb 15

US$62.98 - That's What Analysts Think Western Digital Corporation (NASDAQ:WDC) Is Worth After These Results

Jan 27
US$62.98 - That's What Analysts Think Western Digital Corporation (NASDAQ:WDC) Is Worth After These Results

Estimating The Fair Value Of Western Digital Corporation (NASDAQ:WDC)

Jan 08
Estimating The Fair Value Of Western Digital Corporation (NASDAQ:WDC)

Revenue & Expenses Breakdown

How Western Digital makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:WDC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
27 Sep 2414,3483298471,995
28 Jun 2413,003-8528121,907
29 Mar 2411,911-1,6278311,827
29 Dec 2311,257-2,3208701,809
29 Sep 2311,332-2,4559071,888
30 Jun 2312,318-1,7089472,009
31 Mar 2314,174-6839792,149
30 Dec 2215,752-781,0182,245
30 Sep 2217,4789371,0472,297
01 Jul 2218,7931,5461,0912,323
01 Apr 2219,1851,8211,1372,323
31 Dec 2118,9411,9931,1432,306
01 Oct 2118,0511,4911,1292,266
02 Jul 2116,9228211,0942,243
02 Apr 2116,2893471,0762,191
01 Jan 2116,3271671,0702,199
02 Oct 2016,618-341,1032,242
03 Jul 2016,736-2501,1522,261
03 Apr 2016,083-5951,2142,238
03 Jan 2015,582-1,1931,2862,219
04 Oct 1915,581-1,5411,2972,180
28 Jun 1916,569-7541,3482,182
29 Mar 1918,0521991,3702,236
28 Dec 1819,3918411,3932,294
28 Sep 1820,4945051,4652,384
29 Jun 1820,6476751,4752,400
30 Mar 1820,3721991,4662,427
29 Dec 1720,0083861,4362,438
29 Sep 1719,5601,4441,4132,394
30 Jun 1719,0933971,4452,441
31 Mar 1717,746-2491,3472,325
30 Dec 1615,919-4231,1672,071
30 Sep 1614,348-4071,0481,875
01 Jul 1612,9942429971,627
01 Apr 1612,6908288241,514
01 Jan 1613,4181,1388571,557
02 Oct 1513,9891,3257821,594
03 Jul 1514,5721,4657881,646
03 Apr 1515,0321,5627851,691
02 Jan 1515,1851,5537871,707
03 Oct 1415,2691,5458491,697
27 Jun 1415,1301,6178261,661
28 Mar 1415,2071,0358041,637

Quality Earnings: WDC has a large one-off loss of $543.0M impacting its last 12 months of financial results to 27th September, 2024.

Growing Profit Margin: WDC became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WDC has become profitable over the past 5 years, growing earnings by -16% per year.

Accelerating Growth: WDC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WDC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (26.1%).

Return on Equity

High ROE: WDC's Return on Equity (3.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 23:13
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/27
Annual Earnings2024/06/28

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Western Digital Corporation is covered by 66 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nam Hyung KimArete Research Services LLP
James KelleherArgus Research Company
Phillip AllingAtlantic Equities LLP