Western Digital Corporation (WDC) Income Statement
WDC FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsWDC revenue and net income
Where WDC's revenue goes
FY2026Each bar shows an amount and its share of revenue. WDC kept 72.9% of revenue as net income.
WDC profit margins
WDC growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +35.7% | +27.4% | −5.3% | −0.1% |
| Gross profit | +70.9% | +65.5% | +6.9% | +6.3% |
| Operating income | +90.8% | — | +29.6% | +25.3% |
| Net income | +406.4% | — | +62.9% | +44.2% |
| EPS (diluted) | +53.7% | — | +17.4% | +6.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WDC quarterly EPS vs estimates
Western Digital beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $3.97).
WDC income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.92B | $9.52B | $6.32B | $6.25B | $18.79B | $16.92B | $16.74B | $16.57B | $20.65B | $19.09B |
| Cost of revenue | $6.61B | $5.83B | $4.54B | $4.86B | $12.92B | $12.40B | $12.96B | $12.82B | $12.94B | $13.02B |
| Gross profit | $6.31B | $3.69B | $1.77B | $1.39B | $5.87B | $4.52B | $3.78B | $3.75B | $7.71B | $6.07B |
| Research & development | $1.16B | $994.0M | $950.0M | $986.0M | $2.32B | $2.24B | $2.26B | $2.18B | $2.40B | $2.44B |
| Sales, general & admin | $551.0M | $529.0M | $812.0M | $970.0M | $1.12B | $1.10B | $1.15B | $1.32B | $1.48B | $1.45B |
| Total operating expenses | $1.86B | $1.36B | $2.18B | $1.94B | $3.48B | $3.30B | $3.45B | $3.67B | $4.09B | $4.12B |
| Operating income | $4.45B | $2.33B | −$403.0M | −$548.0M | $2.39B | $1.22B | $335.0M | $87.0M | $3.62B | $1.95B |
| Interest income | $51.0M | $45.0M | $39.0M | $24.0M | $6.0M | $7.0M | $28.0M | $57.0M | $60.0M | $26.0M |
| Interest expense | $139.0M | $357.0M | $414.0M | $310.0M | $304.0M | $326.0M | $413.0M | $469.0M | $676.0M | $847.0M |
| Income before taxes | $9.90B | $1.13B | −$739.0M | −$849.0M | $2.17B | $927.0M | −$46.0M | −$287.0M | $2.08B | $769.0M |
| Income taxes | $481.0M | −$513.0M | $26.0M | $53.0M | $625.0M | $106.0M | $204.0M | $467.0M | $1.41B | $372.0M |
| Net income | $9.42B | $1.86B | −$798.0M | −$1.68B | $1.55B | $821.0M | −$250.0M | −$754.0M | $675.0M | $397.0M |
| EBITDA | $10.28B | $1.94B | $243.0M | $289.0M | $3.40B | $2.46B | $1.93B | $1.99B | $4.82B | $3.74B |
| EPS (diluted) | $10.10 | $6.57 | −$0.38 | −$3.57 | $8.22 | $4.52 | $3.04 | $4.83 | $14.75 | $8.80 |
| Gross margin | 48.9% | 38.8% | 28.1% | 22.2% | 31.3% | 26.7% | 22.6% | 22.6% | 37.3% | 31.8% |
| Operating margin | 34.5% | 24.5% | −6.4% | −8.8% | 12.7% | 7.2% | 2.0% | 0.5% | 17.5% | 10.2% |
| Net margin | 72.9% | 19.5% | −12.6% | −26.9% | 8.2% | 4.9% | −1.5% | −4.6% | 3.3% | 2.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.75B | $3.34B | $3.02B | $2.82B | $2.60B | $2.29B | $4.29B | $2.21B | $2.00B | $1.75B | $3.03B | $2.75B |
| Cost of revenue | $1.72B | $1.66B | $1.64B | $1.59B | $1.54B | $1.38B | $2.77B | $1.41B | $1.06B | $1.23B | $2.54B | $2.65B |
| Gross profit | $2.03B | $1.68B | $1.38B | $1.23B | $1.07B | $912.0M | $1.52B | $806.0M | $941.0M | $519.0M | $492.0M | $99.0M |
| Research & development | $284.0M | $294.0M | $289.0M | $294.0M | $262.0M | $245.0M | $502.0M | $262.0M | $267.0M | $243.0M | $444.0M | $431.0M |
| Sales, general & admin | $138.0M | $147.0M | $128.0M | $138.0M | $124.0M | $108.0M | $238.0M | $242.0M | $148.0M | $203.0M | $198.0M | $207.0M |
| Total operating expenses | $465.0M | $486.0M | $417.0M | $435.0M | $387.0M | $152.0M | $664.0M | $466.0M | $451.0M | $425.0M | $702.0M | $695.0M |
| Operating income | $1.56B | $1.19B | $963.0M | $792.0M | $680.0M | $760.0M | $852.0M | $340.0M | $490.0M | $94.0M | −$210.0M | −$596.0M |
| Interest income | $10.0M | $12.0M | $12.0M | $17.0M | $20.0M | $10.0M | $11.0M | $9.0M | $9.0M | $10.0M | $12.0M | $8.0M |
| Interest expense | $4.0M | $38.0M | $54.0M | $59.0M | $74.0M | $91.0M | $95.0M | $99.0M | $103.0M | $108.0M | $108.0M | $98.0M |
| Income before taxes | $3.25B | $3.36B | $1.96B | $1.34B | $347.0M | $74.0M | $741.0M | $243.0M | −$193.0M | −$12.0M | −$259.0M | −$682.0M |
| Income taxes | $52.0M | $154.0M | $120.0M | $155.0M | $95.0M | −$698.0M | $147.0M | $90.0M | $53.0M | −$4.0M | $28.0M | $3.0M |
| Net income | $3.19B | $3.21B | $1.84B | $1.18B | $257.0M | $524.0M | $594.0M | $493.0M | $39.0M | $127.0M | −$287.0M | −$685.0M |
| EBITDA | $1.66B | $3.49B | $2.05B | $1.48B | $507.0M | $275.0M | $956.0M | $477.0M | −$8.0M | $236.0M | −$8.0M | −$437.0M |
| EPS (diluted) | $3.47 | $2.72 | $2.13 | $1.78 | $1.66 | $1.36 | $1.77 | $1.78 | $1.44 | $0.63 | −$0.69 | −$1.76 |
| Gross margin | 54.1% | 50.2% | 45.7% | 43.5% | 41.0% | 39.8% | 35.4% | 36.4% | 47.0% | 29.6% | 16.2% | 3.6% |
| Operating margin | 41.7% | 35.7% | 31.9% | 28.1% | 26.1% | 33.1% | 19.9% | 15.4% | 24.5% | 5.4% | −6.9% | −21.7% |
| Net margin | 85.3% | 96.0% | 61.1% | 41.9% | 9.9% | 22.8% | 13.9% | 22.3% | 1.9% | 7.2% | −9.5% | −24.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WDC's financial statements (latest annual report filed August 14, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WDC financial results
In fiscal year 2026 (ended June 30, 2026), Western Digital reported revenue of $12.9 billion, up 35.7% from the year before. It had net income of $9.4 billion (up 406.4%), a net profit margin of 72.9%. Diluted earnings per share came to $10.10. Over five years revenue grew at an average rate of −5.3% a year.
See the WDC stock overview for the latest quote and news, or the WDC chart for price history and technical indicators.
WDC income statement FAQ
What is Western Digital's annual revenue?
Western Digital reported total revenue of $12.9 billion for fiscal year 2026, which ended on June 30, 2026. That was up 35.7% from $9.5 billion the previous year.
Is Western Digital profitable?
Yes. Western Digital reported net income of $9.4 billion in fiscal 2026, a net profit margin of 72.9%; its operating margin was 34.5%.
What is Western Digital's gross margin?
Western Digital's gross margin was 48.9% in fiscal 2026: for every $100 of revenue, Western Digital kept $49 after the direct cost of its products and services.
How much does Western Digital spend on research and development?
Western Digital spent $1.2 billion on research and development in fiscal 2026, 9.0% of revenue.
How fast is Western Digital growing?
Revenue grew −5.3% a year on average over the last five fiscal years, from $16.9 billion to $12.9 billion.
What are Western Digital's earnings per share?
Western Digital earned $10.10 per diluted share in fiscal 2026, compared with $6.57 a year earlier.
When will Western Digital report its next earnings?
Western Digital is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Western Digital's fiscal year end?
Western Digital's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 14, 2026.