10x Insights
Loading account…
Companies / Information Technology / Western Digital
WDC

Western Digital

Information TechnologyIndustrial MachineryS&P 500
Ticker WDCSAN JOSE, CAFiscal year ends JulyBook value per share $23.14Diluted shares 383.0M

Western Digital Corporation (Nasdaq: WDC) operates as a leading developer, manufacturer, and provider of data storage devices and solutions based on hard disk drive technology. The company maintains its website at www.westerndigital.com and serves as a critical component supplier within the worldwide data… From the company’s description.

Fiscal year 2026 · ends 07-03Changes are against fiscal 2025
Sales & profitability
$12.92BFY2026
+35.7% year over year
34.47%FY2026
+10 percentage points
$9.42BFY2026
+398.9% year over year
106.32%FY2026
+70.7 percentage points
Cash & financing
$3.93BFY2026
+132.3% year over year
$3.51BFY2026
+174.5% year over year
0.12FY2026
Was 0.89× a year earlier
383.0MFY2026
+6.7% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure.

What Western Digital does

In the company’s own words

Western Digital Corporation (Nasdaq: WDC) operates as a leading developer, manufacturer, and provider of data storage devices and solutions based on hard disk drive technology. The company maintains its website at www.westerndigital.com and serves as a critical component supplier within the worldwide data infrastructure market, powering the artificial intelligence-driven digital economy.

The company's business is organized around three primary end markets. The Cloud segment represents the largest and fastest-growing division, accounting for 89 percent of net revenue, and supplies high-capacity enterprise hard disk drives to hyperscale cloud service providers, neoclouds, and enterprise customers for data center deployments. The Client segment provides original equipment manufacturers and channel customers with high-performance hard disk drive solutions for desktop and notebook computers. The Consumer segment offers external storage products sold through retail and channel partners globally under the Western Digital and WD brand names.

Western Digital designs and manufactures substantially all recording heads and magnetic media required for its products, positioning the company as a vertically integrated manufacturer with significant control over critical components. The company maintains manufacturing and assembly operations concentrated in Thailand, Malaysia, the Philippines, China, and the United States. The company holds approximately 4,700 active patents worldwide covering groundbreaking data storage technologies and magnetic recording innovations.

As of the end of fiscal 2026, Western Digital employed approximately 40,000 people across 24 countries, with roughly 88 percent of its workforce based in Asia Pacific. The company's top ten customers accounted for 73 percent of net revenue, with three customers each representing 10 percent or more of total revenue. International sales, excluding sales to U.S. subsidiaries of foreign companies, represented 60 percent of net revenue.

The company competes against storage manufacturers including Seagate Technology Holdings and Toshiba Electronic Devices & Storage Corporation, as well as alternative storage technology providers. Western Digital's competitive positioning rests on its innovation capabilities, global manufacturing footprint, leadership in areal density advancement, and cost efficiency in hard disk drive production.

Company details
Sector
Information Technology
Industry (SIC)
Industrial Machinery
Headquarters
SAN JOSE, CA
Fiscal year end
July
CIK
106040
SIC
3572

Financial performance, year by year

Fiscal 2012–2026 · USD
$-3.94B$2.76B$9.47B$16.18B$22.88B201220132014201520162017201820192020202120222023202420252026

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Western Digital — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.2K
funds hold it
0 of 35
superinvestors hold it
$90.59B
held by funds, at market
43.8%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Western Digital’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.30%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.34%of fund net assets
0.95%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.34%of fund net assets
1.57%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Western Digital’s bonds, as funds hold them

Funds report holding 1 issues of Western Digital’s debt, $2.11B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.00%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Western Digital and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Western Digital's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Western Digital's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.