NASDAQ · Technology · Fiscal year endsFY ends July

Western Digital Corp

WDC

$345.71+7.12 (+2.10%)Today

52-week low $132.43high $799.87

56.8% below its 52-week high

Next earningsJan 27, 2027

Revenue by fiscal year, $ billions

-32% over the years shown (FY17–FY26)

Fiscal years · gold is the latest

19.1

FY17

20.6

FY18+8%

16.6

FY19-20%

16.7

FY20+1%

16.9

FY21+1%

18.8

FY22+11%

6.3

FY23-67%

6.3

FY24+1%

9.5

FY25+51%

12.9

FY26+36%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income
Revenue	19.09	20.65	16.57	16.74	16.92	18.79	6.26^†	6.32^†	9.52	12.92
Revenue growth	+47%	+8%	-20%	+1%	+1%	+11%	-67%	+1%	+51%	+36%
Gross margin	31.8%	37.3%	22.6%	22.6%	26.7%	31.3%	22.2%	28.1%	38.8%	48.9%
Operating income	1.95	3.62	0.09	0.34	1.22	2.39	-0.55^†	-0.40^†	2.33	4.45
Operating margin	10.2%	17.5%	0.5%	2.0%	7.2%	12.7%	-8.8%	-6.4%	24.5%	34.5%
Net income	0.40	0.68	-0.75	-0.25	0.82	1.55^†	-1.68^†	-0.80	1.89	9.42
Net margin	2.1%	3.3%	-4.6%	-1.5%	4.9%	8.2%	-26.9%	-12.6%	19.8%	72.9%
Cash flow
Operating cash flow	3.44	4.21	1.55	0.82	1.90	1.88	-0.41	-0.29	1.69	3.93
Capital expenditure	0.58	0.84	0.88	0.65	1.15	1.12	0.82	0.49	0.41	0.42
Free cash flow (calculated)	2.86	3.37	0.67	0.18	0.75	0.76	-1.23	-0.78	1.28	3.51
Share repurchases	0.00	0.59	0.56	0.00	0.00	—	0.00	0.00	0.15	2.59
Balance sheet
Cash and equivalents	6.35	5.01	3.46	3.05	3.37	2.33	2.02	1.55^†	2.11	1.58
Total assets	29.86	29.24	26.37	25.66	26.13	26.26	24.55^†	24.19	14.00	13.86
Total equity	11.42	11.53	9.97	9.55	10.80^†	12.32^†	10.96^†	10.82	5.31	8.86

Source: Western Digital Corp's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in July.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.