WDC - Western Digital Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$214.30
DETAILS
HIGH:
$260.00
LOW:
$145.00
MEDIAN:
$229.00
CONSENSUS:
$214.30
DOWNSIDE:
3.25%
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 2,818.0 | 2,605.0 | 2,294.0 | 4,285.0 | 4,095.0 | 3,764.0 | 1,752.0 | 3,032.0 | 2,750.0 | 2,672.0 |
| Cost of Revenue | 1,591.0 | 1,538.0 | 1,382.0 | 2,769.0 | 2,544.0 | 2,411.0 | 1,233.0 | 2,540.0 | 2,651.0 | 2,580.0 |
| Gross Profit | 1,227.0 | 1,067.0 | 912.0 | 1,516.0 | 1,551.0 | 1,353.0 | 519.0 | 492.0 | 99.0 | 92.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 294.0 | 262.0 | 245.0 | 502.0 | 519.0 | 538.0 | 243.0 | 444.0 | 431.0 | 458.0 |
| SG&A Expenses | 138.0 | 124.0 | 108.0 | 238.0 | 242.0 | 220.0 | 176.0 | 198.0 | 207.0 | 231.0 |
| Other Expenses | 3.0 | 1.0 | (201.0) | (76.0) | 48.0 | 379.0 | 6.0 | 60.0 | 57.0 | 53.0 |
| Operating Expenses | 435.0 | 387.0 | 152.0 | 664.0 | 809.0 | 1,137.0 | 425.0 | 702.0 | 695.0 | 742.0 |
| Operating Income | ||||||||||
| Operating Income | 792.0 | 680.0 | 760.0 | 852.0 | 742.0 | 216.0 | 94.0 | (210.0) | (596.0) | (650.0) |
| Interest Expense | 59.0 | 74.0 | 91.0 | 95.0 | 99.0 | 103.0 | 108.0 | 108.0 | 98.0 | 89.0 |
| Interest Income | 545.0 | 20.0 | 10.0 | 11.0 | 9.0 | 9.0 | 10.0 | 12.0 | 8.0 | 9.0 |
| Profitability | ||||||||||
| EBITDA | 1,484.0 | 507.0 | 275.0 | 956.0 | 862.0 | 343.0 | 236.0 | (8.0) | (437.0) | (456.0) |
| EBIT | 1,396.0 | 421.0 | 165.0 | 836.0 | 727.0 | 205.0 | 96.0 | (151.0) | (584.0) | (641.0) |
| Income Before Tax | 1,337.0 | 347.0 | 74.0 | 741.0 | 628.0 | 102.0 | (12.0) | (259.0) | (682.0) | (730.0) |
| Income Tax Expense | 155.0 | 95.0 | (698.0) | 147.0 | 135.0 | 63.0 | (4.0) | 28.0 | 3.0 | (15.0) |
| Net Income | 1,182.0 | 257.0 | 524.0 | 594.0 | 493.0 | 39.0 | 127.0 | (287.0) | (685.0) | (715.0) |
| Per Share Data | ||||||||||
| EPS (Basic) | 3.34 | 0.79 | 1.46 | 1.68 | 1.40 | 0.09 | 0.35 | -0.93 | -2.17 | -2.27 |
| EPS (Diluted) | 3.07 | 0.76 | 1.42 | 1.63 | 1.35 | 0.09 | 0.34 | -0.93 | -2.17 | -2.27 |
| Shares Outstanding | 345.0 | 348.0 | 348.0 | 346.0 | 344.0 | 333.0 | 326.0 | 325.0 | 323.0 | 321.0 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 2,048.0 | 2,114.0 | 3,477.0 | 2,291.0 | 1,705.0 | 1,551.0 | 1,894.0 | 2,481.0 | 2,032.0 | 2,023.0 |
| Short-Term Investments | 965.0 | 354.0 | 1,412.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 1,355.0 | 1,486.0 | 1,469.0 | 2,597.0 | 2,458.0 | 1,231.0 | 1,800.0 | 1,523.0 | 1,451.0 | 1,598.0 |
| Inventory | 1,393.0 | 1,291.0 | 1,311.0 | 3,420.0 | 3,384.0 | 1,387.0 | 3,215.0 | 3,216.0 | 3,497.0 | 3,698.0 |
| Other Current Assets | 514.0 | 611.0 | 417.0 | 1,064.0 | 1,395.0 | 3,891.0 | 623.0 | 618.0 | 597.0 | 567.0 |
| Total Current Assets | 6,275.0 | 5,856.0 | 8,086.0 | 9,372.0 | 8,942.0 | 8,060.0 | 7,532.0 | 7,838.0 | 7,577.0 | 7,886.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,345.0 | 2,343.0 | 2,347.0 | 2,930.0 | 2,917.0 | 2,359.0 | 3,253.0 | 3,315.0 | 3,371.0 | 3,620.0 |
| Goodwill | 4,319.0 | 4,319.0 | 4,319.0 | 9,729.0 | 9,812.0 | 4,319.0 | 10,034.0 | 10,037.0 | 10,035.0 | 10,037.0 |
| Intangible Assets | 0.0 | 0.0 | 76.0 | 77.0 | 77.0 | 0.0 | 78.0 | 79.0 | 80.0 | 80.0 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 861.0 | 1,051.0 | 0.0 | 1,099.0 | 1,344.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 467.0 | 477.0 | 551.0 | 2,487.0 | 1,972.0 | 9,225.0 | 1,805.0 | 1,772.0 | 2,938.0 | 2,923.0 |
| Total Non-Current Assets | 8,084.0 | 8,146.0 | 8,282.0 | 16,084.0 | 15,829.0 | 16,128.0 | 16,269.0 | 16,547.0 | 16,424.0 | 16,660.0 |
| Total Assets | 14,359.0 | 14,002.0 | 16,368.0 | 25,456.0 | 24,771.0 | 24,188.0 | 23,801.0 | 24,385.0 | 24,001.0 | 24,546.0 |
| Current Liabilities | ||||||||||
| Account Payables | 1,533.0 | 1,266.0 | 1,287.0 | 1,996.0 | 1,930.0 | 1,054.0 | 1,710.0 | 1,755.0 | 1,571.0 | 1,585.0 |
| Short-Term Debt | 2,255.0 | 2,257.0 | 2,457.0 | 195.0 | 1,794.0 | 1,778.0 | 497.0 | 1,089.0 | 1,850.0 | 1,213.0 |
| Deferred Revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 674.0 | 376.0 | 291.0 | 471.0 | 608.0 | 1,731.0 | 398.0 | 306.0 | 349.0 | 349.0 |
| Total Current Liabilities | 5,173.0 | 5,418.0 | 5,182.0 | 4,706.0 | 6,091.0 | 6,087.0 | 4,053.0 | 4,693.0 | 5,792.0 | 5,434.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,686.0 | 2,714.0 | 5,136.0 | 7,445.0 | 5,879.0 | 5,913.0 | 8,194.0 | 8,227.0 | 5,822.0 | 5,857.0 |
| Deferred Tax Liabilities | 193.0 | 163.0 | 473.0 | 590.0 | 595.0 | 443.0 | 552.0 | 501.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 316.0 | 286.0 | 284.0 | 300.0 | 258.0 | 794.0 | 499.0 | 503.0 | 1,398.0 | 1,415.0 |
| Total Non-Current Liabilities | 3,298.0 | 3,273.0 | 6,009.0 | 8,633.0 | 7,037.0 | 7,283.0 | 9,627.0 | 9,624.0 | 7,220.0 | 7,272.0 |
| Total Liabilities | 8,471.0 | 8,691.0 | 11,191.0 | 13,339.0 | 13,128.0 | 13,370.0 | 13,680.0 | 14,317.0 | 13,012.0 | 12,706.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 | 3.0 |
| Retained Earnings | 1,904.0 | 762.0 | 521.0 | 7,862.0 | 7,268.0 | 6,775.0 | 6,736.0 | 6,601.0 | 6,739.0 | 7,573.0 |
| Accumulated Other Comprehensive Income | 14.0 | 20.0 | 11.0 | (633.0) | (400.0) | (712.0) | (636.0) | (493.0) | (599.0) | (548.0) |
| Total Stockholders' Equity | 5,888.0 | 5,311.0 | 5,177.0 | 12,117.0 | 11,643.0 | 10,818.0 | 10,121.0 | 10,068.0 | 10,989.0 | 11,840.0 |
| Total Liabilities & Equity | 14,359.0 | 14,002.0 | 16,368.0 | 25,456.0 | 24,771.0 | 24,188.0 | 23,801.0 | 24,385.0 | 24,001.0 | 24,546.0 |
| Debt Metrics | ||||||||||
| Total Debt | 5,044.0 | 5,081.0 | 7,709.0 | 7,938.0 | 7,978.0 | 7,824.0 | 9,073.0 | 9,709.0 | 7,672.0 | 7,070.0 |
| Net Debt | 2,996.0 | 2,967.0 | 4,232.0 | 5,647.0 | 6,273.0 | 6,273.0 | 7,179.0 | 7,228.0 | 5,640.0 | 5,047.0 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,182.0 | 282.0 | 520.0 | 594.0 | 493.0 | 39.0 | 135.0 | (287.0) | (685.0) | (715.0) |
| Depreciation & Amortization | 88.0 | 86.0 | 110.0 | 120.0 | 135.0 | 138.0 | 140.0 | 143.0 | 147.0 | 185.0 |
| Stock-Based Compensation | 53.0 | 45.0 | 59.0 | 77.0 | 84.0 | 69.0 | 77.0 | 72.0 | 77.0 | 72.0 |
| Change in Working Capital | (99.0) | 120.0 | (110.0) | (288.0) | (753.0) | 98.0 | (303.0) | 30.0 | (132.0) | 388.0 |
| Other Non-Cash Items | (607.0) | 276.0 | 637.0 | (72.0) | 21.0 | 63.0 | 61.0 | (28.0) | 13.0 | 70.0 |
| Operating Cash Flow | 672.0 | 746.0 | 508.0 | 403.0 | 34.0 | 366.0 | 58.0 | (92.0) | (626.0) | (68.0) |
| Investing Activities | ||||||||||
| Capital Expenditure | (73.0) | (71.0) | (129.0) | (116.0) | (96.0) | (116.0) | (97.0) | (150.0) | (124.0) | (119.0) |
| Acquisitions | 0.0 | 0.0 | 210.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | 16.0 | 1.0 | 61.0 | 239.0 | 51.0 | 58.0 | 104.0 | 90.0 | 208.0 | (23.0) |
| Investing Cash Flow | (57.0) | (70.0) | 142.0 | 123.0 | (45.0) | (58.0) | 7.0 | (60.0) | 84.0 | (142.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (31.0) | (1,837.0) | 1,968.0 | (37.0) | (38.0) | (337.0) | (629.0) | 757.0 | 600.0 | (13.0) |
| Stock Repurchased | (553.0) | (149.0) | 0.0 | 0.0 | (64.0) | 5.0 | (16.0) | (2.0) | (3.0) | 0.0 |
| Dividends Paid | (39.0) | (44.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | (55.0) | (20.0) | (1,452.0) | (16.0) | 0.0 | (27.0) | 0.0 | (198.0) | (43.0) | (11.0) |
| Financing Cash Flow | (678.0) | (2,042.0) | 533.0 | (1.0) | (102.0) | (319.0) | (645.0) | 597.0 | 554.0 | 19.0 |
| Cash Position | ||||||||||
| Net Change in Cash | (66.0) | (1,363.0) | 1,186.0 | 586.0 | 154.0 | (343.0) | (587.0) | 449.0 | 9.0 | (197.0) |
| Cash at Beginning | 2,114.0 | 3,477.0 | 2,291.0 | 1,705.0 | 1,551.0 | 1,894.0 | 2,481.0 | 2,032.0 | 2,023.0 | 2,220.0 |
| Cash at End | 2,048.0 | 2,114.0 | 3,477.0 | 2,291.0 | 1,705.0 | 1,551.0 | 1,894.0 | 2,481.0 | 2,032.0 | 2,023.0 |
| Free Cash Flow | 599.0 | 675.0 | 379.0 | 287.0 | (62.0) | 250.0 | (39.0) | (242.0) | (750.0) | (187.0) |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 2,818.0 | 2,605.0 | 2,294.0 | 4,285.0 | 4,095.0 | 3,764.0 | 1,752.0 | 3,032.0 | 2,750.0 | 2,672.0 |
| Gross Profit | 1,227.0 | 1,067.0 | 912.0 | 1,516.0 | 1,551.0 | 1,353.0 | 519.0 | 492.0 | 99.0 | 92.0 |
| Operating Income | 792.0 | 680.0 | 760.0 | 852.0 | 742.0 | 216.0 | 94.0 | (210.0) | (596.0) | (650.0) |
| Net Income | 1,182.0 | 257.0 | 524.0 | 594.0 | 493.0 | 39.0 | 127.0 | (287.0) | (685.0) | (715.0) |
| EPS (Diluted) | 3.07 | 0.76 | 1.42 | 1.63 | 1.35 | 0.09 | 0.34 | -0.93 | -2.17 | -2.27 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 2,048.0 | 2,114.0 | 3,477.0 | 2,291.0 | 1,705.0 | 1,551.0 | 1,894.0 | 2,481.0 | 2,032.0 | 2,023.0 |
| Total Assets | 14,359.0 | 14,002.0 | 16,368.0 | 25,456.0 | 24,771.0 | 24,188.0 | 23,801.0 | 24,385.0 | 24,001.0 | 24,546.0 |
| Total Debt | 5,044.0 | 5,081.0 | 7,709.0 | 7,938.0 | 7,978.0 | 7,824.0 | 9,073.0 | 9,709.0 | 7,672.0 | 7,070.0 |
| Stockholders' Equity | 5,888.0 | 5,311.0 | 5,177.0 | 12,117.0 | 11,643.0 | 10,818.0 | 10,121.0 | 10,068.0 | 10,989.0 | 11,840.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 672.0 | 746.0 | 508.0 | 403.0 | 34.0 | 366.0 | 58.0 | (92.0) | (626.0) | (68.0) |
| Capital Expenditure | (73.0) | (71.0) | (129.0) | (116.0) | (96.0) | (116.0) | (97.0) | (150.0) | (124.0) | (119.0) |
| Free Cash Flow | 599.0 | 675.0 | 379.0 | 287.0 | (62.0) | 250.0 | (39.0) | (242.0) | (750.0) | (187.0) |