Western Digital Corporation logo WDC - Western Digital Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 44
HOLD 16
SELL 1
STRONG
SELL 0
| PRICE TARGET: $424.46 DETAILS
HIGH: $660.00
LOW: $250.00
MEDIAN: $450.00
CONSENSUS: $424.46
DOWNSIDE: 12.35%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 9,520 6,317 6,255 18,793 16,922 16,736 16,569 20,647 19,093 12,994 14,572 15,130 15,351 12,478 9,526 9,850 7,453 8,074 5,468 4,341 3,638.8 3,046.7 2,718.5 2,151.2 1,953.4 1,957.2 2,767.2 3,541.5 4,177.9 2,865.2 2,130.9 1,539.7 1,225.2
Cost of Revenue 5,828 4,544 4,864 12,919 12,401 12,955 12,817 12,942 13,021 9,559 10,351 10,770 10,988 8,840 7,735 7,449 6,116 6,335 4,568 3,513 3,049.2 2,585.3 2,275.6 1,869.6 1,745.7 1,947.6 2,639 3,334.9 3,464.1 2,431.6 1,693.2 1,175.6 989.4
Gross Profit 3,692 1,773 1,391 5,874 4,521 3,781 3,752 7,705 6,072 3,435 4,221 4,360 4,363 3,638 1,791 2,401 1,337 1,739 900 828 589.6 461.4 442.9 281.6 207.7 9.6 128.2 206.6 713.8 433.6 437.7 364.1 235.8
Operating Expenses
R&D Expenses 994 950 986 2,323 2,243 2,261 2,182 2,400 2,441 1,627 1,646 1,661 1,572 1,055 703 611 509 464 306 297 239.8 201.8 134.7 120.1 113.4 150.7 217 203.7 150.2 150.4 130.8 112.8 0
SG&A Expenses 568 726 807 1,117 1,105 1,153 1,317 1,473 1,445 997 788 813 706 518 282 265 201 220 179 166 155.1 106.1 121.4 110.8 115.8 127.0 196 192.1 198.5 304.6 130.3 113.2 192.1
Other Expenses (204) 500 146 43 (47) 32 166 215 232 345 176 95 819 294 25 0 108 49 0 (1) 0 0 0 0 0 85.8 131.1 106.6 63.5 (98.8) 43.6 46.2 53.7
Operating Expenses 1,358 2,176 1,939 3,483 3,301 3,446 3,665 4,088 4,118 2,969 2,610 2,569 3,097 1,867 1,010 876 818 733 485 462 394.9 307.9 256.1 230.9 229.2 363.5 544.1 502.4 412.2 356.2 304.7 272.2 245.8
Operating Income
Operating Income 2,334 (403) (548) 2,391 1,220 335 87 3,617 1,954 466 1,611 1,791 1,266 1,771 781 1,525 519 1,006 415 366 194.7 153.5 186.8 50.7 (21.5) (353.9) (415.9) (295.8) 301.6 77.4 133 91.9 (10)
Interest Expense 357 414 310 304 326 413 469 676 847 266 49 56 55 26 1 9 27 52 0 3.7 5 0 0 0 0 0 0 4 0 13 9 0 0
Interest Income 45 33 19 6 7 28 57 60 26 26 14 15 11 12 0 4 9 27 0 19.5 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,938 243 289 3,404 2,465 1,933 1,994 4,817 3,744 1,573 2,740 3,052 2,510 2,608 1,392 2,039 1,007 1,446 625 525 325.7 253.9 237.2 96.5 30.4 (189.8) (284.8) (189.2) 365.1 129 176.6 138.1 43.7
EBIT 1,487 (325) (539) 2,475 1,253 367 182 2,761 1,616 419 1,626 1,808 1,277 1,783 790 1,529 528 1,033 415 365 194.7 153.5 186.8 50.7 (21.5) (268.0) (415.9) (295.8) 301.6 77.4 133 91.9 (10)
Income Before Tax 1,130 (739) (849) 2,171 927 (46) (287) 2,085 769 153 1,577 1,752 1,222 1,757 780 1,520 501 981 443 382 200.1 153.8 189.7 52.1 (74.6) (349.0) 0 (292) 314.8 107.9 145 86 0
Income Tax Expense (513) 26 53 625 106 204 467 1,410 372 (89) 112 135 242 145 54 138 31 114 (121) (13) 4.1 4 7.6 (1.1) 0 (19.5) 0 (1.8) 47.2 11 21.7 12.9 0
Net Income 1,861 (798) (1,684) 1,546 821 (250) (754) 675 397 242 1,465 1,617 980 1,612 726 1,382 470 867 564 395 196 149.8 182.1 65.4 (98.9) (188.0) (492.7) (290.2) 267.6 96.9 123.3 73.1 (25.1)
Per Share Data
EPS (Basic) 5.31 -2.61 -5.37 4.81 2.69 -0.84 -2.58 2.27 1.38 1.01 6.31 6.88 4.07 6.69 3.14 6.06 2.12 3.92 2.57 1.84 0.94 0.73 0.91 0.35 -0.31 -2.69 -5.51 -3.32 3.07 1.05 1.28 0.89 -0.40
EPS (Diluted) 5.12 -2.61 -5.37 4.75 2.66 -0.84 -2.58 2.20 1.34 1.00 6.18 6.68 3.98 6.58 3.09 5.93 2.08 3.84 2.50 1.76 0.90 0.69 0.87 0.34 -0.31 -2.69 -5.51 -3.32 2.86 1.01 1.24 0.85 -0.40
Shares Outstanding 347 326 318 312 305 298 292 297 288 239 232 235 241 241 231 228 222 221 219 215 208.5 205.2 200.1 189 165.2 117.0 89.5 87.5 87.2 92.3 96.4 82.7 62.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 2,114 1,551 2,023 2,327 3,370 3,048 3,455 5,005 6,354 8,151 1,794 1,104 377.8 393.2 223.7 167.6 184.0 226.1 459.8 208.3 182.6 217.5 243.5 33.8
Short-Term Investments 354 0 0 0 0 0 0 0 0 227 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,486 1,231 1,598 2,804 2,257 2,379 1,204 2,197 1,948 1,461 926 1,010 313.1 243.9 218.8 127.8 148.9 273.4 369 545.6 409.5 303.8 201.5 159.5
Inventory 1,291 1,387 3,698 3,638 3,616 3,070 3,283 2,944 2,341 2,129 376 456 148.6 97.8 73.4 78.9 83.7 144.1 186.5 224.5 142.6 98.9 79.6 112.5
Other Current Assets 611 3,891 567 684 514 551 535 492 413 616 134 161 17.8 9.2 0 0 32.7 81.9 36.8 39.5 59.6 109.9 12.9 12.7
Total Current Assets 5,856 8,060 7,886 9,453 9,757 9,048 8,477 10,638 11,056 12,584 3,230 2,731 857.3 744.1 527.5 385.7 451.4 688.3 1,052.1 1,017.9 794.3 730.1 537.5 318.5
Non-Current Assets
Property, Plant & Equipment 2,343 2,359 3,620 3,670 3,188 2,854 2,843 3,095 3,033 3,503 1,584 1,668 274.7 122.1 107.5 106.2 98.4 237.9 347 247.9 148.3 88.6 73.4 181
Goodwill 4,319 4,319 10,037 10,041 10,066 10,067 10,076 10,075 10,014 9,951 139 116 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 72 80 213 442 941 1,711 2,680 3,823 5,034 89 81 27.2 0 0 0 0 96.1 43.6 41.3 41.6 40.1 29.6 31.7
Long-Term Investments 0 0 1,410 1,396 1,586 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 477 9,225 1,513 1,486 1,093 2,752 3,263 2,747 1,934 1,790 249 279 0 0 1.7 15.8 65.2 (37.1) 0 0 (0.1) 0 0 0
Total Non-Current Assets 8,146 16,128 16,660 16,806 16,375 16,614 17,893 18,597 18,804 20,278 2,061 2,144 301.9 122.1 109.2 121.9 163.6 296.9 390.6 289.2 189.8 128.7 103 212.7
Total Assets 14,002 24,188 24,546 26,259 26,132 25,662 26,370 29,235 29,860 32,862 5,291 4,875 1,159.2 866.2 636.7 507.7 615.6 1,022.4 1,442.7 1,307.1 984.1 858.8 640.5 531.2
Current Liabilities
Account Payables 1,266 1,054 1,585 2,222 2,332 2,352 1,898 2,524 2,350 2,056 1,101 1,181 434.9 352.3 303.0 224.5 264.5 335.9 330.1 418 345.9 250.3 172.7 128.5
Short-Term Debt 2,257 1,778 1,253 40 251 286 276 179 233 3,334 82 27 15.2 0 86.2 0 0 10 0 0 0 0 0 23.5
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 376 1,731 1,248 1,595 634 472 347 479 506 564 0 0 0 0 0 2.1 1.4 248.2 258.5 235.7 168.1 119.3 103 54.9
Total Current Liabilities 5,418 6,087 5,434 5,237 4,870 4,406 3,817 4,456 4,344 6,949 1,525 1,564 586.9 505.7 492.7 340.3 445.1 626.6 588.6 653.7 514 369.6 275.7 206.9
Non-Current Liabilities
Long-Term Debt 2,714 5,913 6,977 7,299 8,474 9,289 10,246 10,993 12,918 13,660 400 482 52.7 0 0 112.5 225.5 534.1 519.2 0 0 0 58.6 182.6
Deferred Tax Liabilities 163 443 408 477 0 0 0 0 0 0 0 0 0 0 0 0 0 15.4 17.2 33.4 16.2 15.8 17.9 10.8
Other Non-Current Liabilities 286 794 519 748 2,067 2,416 2,340 2,255 1,180 1,108 174 133 32 33.1 41.1 38.6 44.8 32.6 (0.1) 0 0 0 0.1 (0.1)
Total Non-Current Liabilities 3,273 7,283 8,148 8,801 10,541 11,705 12,586 13,248 14,098 14,768 574 615 84.7 33.1 41.1 151.1 270.3 549.6 536.3 33.4 16.2 15.8 76.6 193.3
Total Liabilities 8,691 13,370 13,582 14,038 15,411 16,111 16,403 17,704 18,442 21,717 2,099 2,179 671.6 538.8 533.8 491.5 712.8 1,176.2 1,124.9 687.1 530.2 385.4 352.3 400.2
Stockholders' Equity
Common Stock 3 3 3 3 3 3 3 3 3 3 2 2 2.1 2 2.0 1.9 1.5 1 1 1 1 5 0 0
Retained Earnings 762 6,775 7,573 9,039 7,539 6,725 7,449 8,757 8,633 8,848 2,292 1,822 (182.9) (334.2) (516.3) (581.7) (482.9) (294.8) 197.8 488.1 220.5 123.6 0.3 (72.9)
Accumulated Other Comprehensive Income 20 (712) (548) (554) (197) (157) (68) (39) (58) 103 2 (12) (1.1) (1.2) 2.6 (0.6) 1.4 (2.1) 0 0 0 0 0 0
Total Stockholders' Equity 5,311 10,818 10,964 12,221 10,721 9,551 9,967 11,531 11,418 11,145 3,192 2,696 487.6 327.4 102.9 6.8 (109.8) (153.8) 317.8 620 453.9 473.4 288.2 131
Total Liabilities & Equity 14,002 24,188 24,546 26,259 26,132 25,662 26,370 29,235 29,860 32,862 5,291 4,875 1,159.2 866.2 636.7 507.7 615.6 1,022.4 1,442.7 1,307.1 984.1 858.8 640.5 531.2
Debt Metrics
Total Debt 5,081 7,824 8,474 7,616 8,725 9,575 10,522 11,172 13,151 16,994 482 509 67.9 0 86.2 112.5 225.5 544.1 519.2 0 0 0 58.6 206.1
Net Debt 2,967 6,273 6,451 5,289 5,355 6,527 7,067 6,167 6,797 8,843 (1,312) (595) (309.9) (393.2) (137.5) (55.1) 41.5 318 59.4 (208.3) (182.6) (217.5) (184.9) 172.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 1,889 (798) (1,684) 1,546 821 (250) (754) 675 397 242 196 149.8 182.1 65.4 (98.9) (188.0) (492.7) (290.2) 267.6 96.9 123.3 73.1 (25.1)
Depreciation & Amortization 451 568 828 929 1,212 1,566 1,812 2,056 2,128 1,154 134.8 101.7 50.4 45.8 51.9 78.5 131.1 106.6 63.5 51.6 43.6 46.2 53.7
Stock-Based Compensation 265 295 318 326 318 308 306 377 394 191 0 0 0 71.0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1,031) (307) 92 (1,075) (175) (757) (260) 486 91 374 128.9 (88.4) 45.4 (19.5) (81.4) 67.5 145.3 135.6 (75.4) (73.4) (43.5) 52.4 30.4
Other Non-Cash Items 862 109 86 38 (36) 39 69 959 415 171 4.8 28.2 (20) (8.9) 25.1 (110.3) 78.3 25.3 0.1 (17.2) 0 0 0.1
Operating Cash Flow 1,691 (294) (408) 1,880 1,898 824 1,547 4,205 3,437 1,983 460.7 190 280.8 82.8 (103.3) (152.0) (139.5) (39) 254.2 58.3 121.3 178.8 55.9
Investing Activities
Capital Expenditure (407) (487) (807) (1,107) (1,003) (647) (757) (809) (557) (584) (233.4) (131.7) (61.9) (47.7) (50.7) (22.0) (106.6) (198.6) (156) (108.7) (54.8) (16.3) (35.6)
Acquisitions 401 0 0 32 0 (22) 0 (100) (20) (9,835) 0 (94.8) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 (26) 0 0 (99) (89) (313) (708) (95.4) (32.3) 0 0 0 0 0 0 0 0 (90.2) 0 0
Sales/Maturities of Investments 0 0 31 0 7 16 182 85 511 1,609 14.5 0 0 0 0 0 0 0 36.6 53.6 0 0 0
Other Investing Activities 161 460 28 (76) 374 931 (479) (716) (236) (90) 0 0 3.4 9.9 15.0 53.9 0 9.7 (7.5) 78.3 (6.2) 110.7 0
Investing Cash Flow 150 (27) (762) (1,192) (765) 278 (1,272) (1,655) (636) (9,608) (314.3) (226.5) (58.5) (37.8) (35.7) 31.8 (106.6) (188.9) (126.9) 23.2 (151.2) 94.4 (35.6)
Financing Activities
Net Debt Issuance 56 391 (19) (1,727) (886) (982) (681) (2,734) (4,281) 11,929 (19.5) 13.2 (88.3) (17.6) 5 (50) (2.9) 510.1 0 0 (0.5) (146.3) (64.1)
Stock Repurchased (149) 0 0 0 0 0 (563) (591) 0 (60) (45) (16) 0 0 0 0 0 (35.8) (144.6) (132.1) (10.8) 0 0
Dividends Paid (44) 0 0 0 0 (595) (584) (593) (574) (464) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (1,552) (284) (80) (23) (9) 0 (4) (202) (36) (1,180) 0 0 (8.8) 18.7 7.1 10.0 (0.0) (18.7) 0 0 0 (0.1) 0
Financing Cash Flow (1,612) 187 875 (1,718) (817) (1,508) (1,829) (3,900) (4,595) 10,751 (6.7) 21.1 (52.8) 11.2 122.6 78.0 12.4 479.4 (101.5) (116.4) 4 (63.6) (20.3)
Cash Position
Net Change in Cash 563 (472) (304) (1,043) 322 (407) (1,550) (1,349) (1,797) 3,127 485.2 (15.4) 169.5 56.1 (16.4) (42.1) (233.7) 479.4 (101.5) (116.4) 4 209.6 0
Cash at Beginning 1,551 2,023 2,327 3,370 3,048 3,455 5,005 6,354 8,151 5,024 0 393.2 223.7 167.6 184.0 226.1 459.8 208.3 182.6 217.5 243.5 33.8 33.8
Cash at End 2,114 1,551 2,023 2,327 3,370 3,048 3,455 5,005 6,354 8,151 485.2 377.8 393.2 223.7 167.6 184.0 226.1 687.7 81.1 101.1 247.5 243.4 33.8
Free Cash Flow 1,284 (781) (1,215) 773 895 177 790 3,396 2,880 1,399 227.3 58.3 218.9 35.0 (154.0) (174.0) (246.1) (237.6) 98.2 (50.4) 66.5 162.5 20.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 9,520 6,317 6,255 18,793 16,922 16,736 16,569 20,647 19,093 12,994 14,572 15,130 15,351 12,478 9,526 9,850 7,453 8,074 5,468 4,341 3,638.8 3,046.7 2,718.5 2,151.2 1,953.4 1,957.2 2,767.2 3,541.5 4,177.9 2,865.2 2,130.9 1,539.7 1,225.2
Gross Profit 3,692 1,773 1,391 5,874 4,521 3,781 3,752 7,705 6,072 3,435 4,221 4,360 4,363 3,638 1,791 2,401 1,337 1,739 900 828 589.6 461.4 442.9 281.6 207.7 9.6 128.2 206.6 713.8 433.6 437.7 364.1 235.8
Operating Income 2,334 (403) (548) 2,391 1,220 335 87 3,617 1,954 466 1,611 1,791 1,266 1,771 781 1,525 519 1,006 415 366 194.7 153.5 186.8 50.7 (21.5) (353.9) (415.9) (295.8) 301.6 77.4 133 91.9 (10)
Net Income 1,861 (798) (1,684) 1,546 821 (250) (754) 675 397 242 1,465 1,617 980 1,612 726 1,382 470 867 564 395 196 149.8 182.1 65.4 (98.9) (188.0) (492.7) (290.2) 267.6 96.9 123.3 73.1 (25.1)
EPS (Diluted) 5.12 -2.61 -5.37 4.75 2.66 -0.84 -2.58 2.20 1.34 1.00 6.18 6.68 3.98 6.58 3.09 5.93 2.08 3.84 2.50 1.76 0.90 0.69 0.87 0.34 -0.31 -2.69 -5.51 -3.32 2.86 1.01 1.24 0.85 -0.40
Balance Sheet
Cash & Equivalents 2,114 1,551 2,023 2,327 3,370 3,048 3,455 5,005 6,354 8,151 1,794 1,104 377.8 393.2 223.7 167.6 184.0 226.1 459.8 208.3 182.6 217.5 243.5 33.8
Total Assets 14,002 24,188 24,546 26,259 26,132 25,662 26,370 29,235 29,860 32,862 5,291 4,875 1,159.2 866.2 636.7 507.7 615.6 1,022.4 1,442.7 1,307.1 984.1 858.8 640.5 531.2
Total Debt 5,081 7,824 8,474 7,616 8,725 9,575 10,522 11,172 13,151 16,994 482 509 67.9 0 86.2 112.5 225.5 544.1 519.2 0 0 0 58.6 206.1
Stockholders' Equity 5,311 10,818 10,964 12,221 10,721 9,551 9,967 11,531 11,418 11,145 3,192 2,696 487.6 327.4 102.9 6.8 (109.8) (153.8) 317.8 620 453.9 473.4 288.2 131
Cash Flow
Operating Cash Flow 1,691 (294) (408) 1,880 1,898 824 1,547 4,205 3,437 1,983 460.7 190 280.8 82.8 (103.3) (152.0) (139.5) (39) 254.2 58.3 121.3 178.8 55.9
Capital Expenditure (407) (487) (807) (1,107) (1,003) (647) (757) (809) (557) (584) (233.4) (131.7) (61.9) (47.7) (50.7) (22.0) (106.6) (198.6) (156) (108.7) (54.8) (16.3) (35.6)
Free Cash Flow 1,284 (781) (1,215) 773 895 177 790 3,396 2,880 1,399 227.3 58.3 218.9 35.0 (154.0) (174.0) (246.1) (237.6) 98.2 (50.4) 66.5 162.5 20.3