Western Digital Corporation (WDC) Stock Price & Analysis
Western Digital Corporation (WDC) closed at USD 354.19 on Thursday, October 22, 2026, down 6.43% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 378.51; the Oct 22, 2026 session ranged USD 348.23–367.34 on volume of 13,399,788 shares. Market capitalization is $132.58B, with a 52-week range of USD 121.72–799.87 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WDC.md
Key facts (WDC)
- Last four reported quarters (through Jul 3, 2026): revenue $12.9B, net income $9.42B (72.9% margin), free cash flow $3.51B (SEC filings).
- Valuation: P/E 14.1x (avg 17.1x at the last 2 fiscal year-ends), EV/EBITDA 27.4x, net cash $527M.
- Earnings quality: non-operating income $5.45B vs operating income $4.45B over the last four quarters; P/E excluding non-operating income ≈31.3x (estimate: non-operating income taxed at the company's 4.9% effective rate).
- 1 of 80 tracked superinvestors hold WDC (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.04 on a 1–5 scale) (26 analysts), mean target USD 636.08 (range 405–1,050).
- Total return with dividends: 1Y +182.3% vs S&P 500 +14.9%; 5Y +725.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 5.22, revenue estimate $4.73B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WDC)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $18.8B | $6.25B | $6.32B | $9.52B | $12.9B | $12.9B |
| Gross profit | $5.87B | $1.39B | $1.77B | $3.69B | $6.31B | — |
| Operating income | $2.39B | -$548M | -$403M | $2.33B | $4.45B | $4.45B |
| Net income | $1.55B | -$1.68B | -$798M | $1.89B | $9.42B | $9.42B |
| EPS (diluted) | $3.70 | -$5.37 | -$2.61 | $5.12 | $24.28 | — |
| Free cash flow | $758M | -$1.23B | -$781M | $1.28B | $3.51B | $3.51B |
| Gross margin | 31.3% | 22.2% | 28.1% | 38.8% | 48.9% | — |
| Operating margin | 12.7% | -8.8% | -6.4% | 24.5% | 34.5% | 34.5% |
| Net margin | 8.2% | -26.9% | -12.6% | 19.8% | 72.9% | 72.9% |
| Revenue growth | +11.1% | -66.7% | +1.0% | +50.7% | +35.7% | — |
| Cash + short-term investments | $2.33B | $2.02B | $1.55B | $2.11B | $1.58B | — |
| Total debt | $7.02B | $7.07B | $7.43B | $4.71B | $1.05B | — |
Fiscal years end Jul. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 3, 2026) (WDC)
P/E 14.1x · P/E ex non-operating (est.) ≈31.3x · P/S 10.3x · EV/EBITDA 27.4x · EV/Sales 10.2x · P/FCF 37.8x · P/B 15.0x · FCF yield 2.65% · Earnings yield 7.11% · Dividend yield (paid, TTM) 0.13% · Buyback yield (TTM) 1.96% · Net cash $527M · EV $132B
P/E at fiscal year-ends: Jul 2026 22.1x, Jun 2025 12.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (WDC)
1 of 80 tracked investors hold WDC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $1.2M | New position |
Analysts (WDC)
Consensus Buy (mean 2.04 on a 1–5 scale), 26 analysts; mean target USD 636.08 (low 405, high 1,050).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | B of A Securities | Target raised | Buy | $720 → $800 |
| 2026-10-20 | Morgan Stanley | Target lowered | Overweight | $676 → $643 |
| 2026-10-16 | Wells Fargo | Target lowered | Overweight | $730 → $450 |
| 2026-10-12 | UBS | Target lowered | Neutral | $525 → $470 |
| 2026-08-07 | Citigroup | Target lowered | Buy | $800 → $740 |
| 2026-08-06 | TD Cowen | Target raised | Buy | $500 → $540 |
| 2026-08-06 | UBS | Target lowered | Neutral | $560 → $525 |
| 2026-08-06 | Rosenblatt | Target lowered | Buy | $900 → $800 |
| 2026-07-13 | Citigroup | Target raised | Buy | $685 → $800 |
| 2026-07-10 | Wells Fargo | Target raised | Overweight | $575 → $730 |
| 2026-07-08 | Susquehanna | Target raised | Neutral | $360 → $500 |
| 2026-07-01 | B of A Securities | Target raised | Buy | $610 → $732 |
Total return (dividends reinvested) (WDC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +182.3% | +725.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +183.3% | +52.4% |
| Volatility (annualized) | 80.9% | 55.3% |
| Max drawdown | -55.5% (Jun 2026→Oct 2026) | -55.5% (Jun 2026→Oct 2026) |
WDC revenue by product line (quarter ended Jul 3, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Cloud | $3.33B | 89.0% | +43.2% |
| Client Devices | $225.0M | 6.0% | +60.7% |
| Consumer | $187.0M | 5.0% | +37.5% |
| Total revenue | $3.75B | 100% | — |
WDC revenue by region (quarter ended Apr 3, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $1.50B | 44.9% | +26.8% |
| Asia | $1.32B | 39.6% | +75.3% |
| Europe Middle East & Africa | $518.0M | 15.5% | +44.3% |
| Total revenue | $3.34B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name WDC in their SEC reports
| Relationship to WDC | Company | Filing | Sentence |
|---|---|---|---|
| related | Sandisk Corp (SNDK) | 10-K Aug 17, 2026 | “Additional information regarding our outstanding notes due to (from) Western Digital Corporation is included in Part II, Item 8., Note 10, Related Parties and Related Commitments and Contingencies of the Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K.” |
| competitor | Seagate Technology Holdings plc (STX) | 10-K Aug 4, 2026 | “Our global competitors include HDD manufacturers such as Western Digital Corporation and Toshiba Electronics Devices & Storage Corporation along with NAND flash suppliers that provide and enable alternative storage technologies, as well as storage systems and solutions providers.” |
| partner | ONE STOP SYSTEMS, INC. (OSS) | 10-K Mar 18, 2026 | “Through a strategic agreement with Western Digital, we acquired an exclusive software license for Ion Accelerator Storage Area Networking ("SAN") source code and software development rights, and we hired their core engineering team in July 2017.” |
| customer | Backblaze, Inc. (BLZE) | 10-K Mar 10, 2026 | “Also, in October 2023, Western Digital, another one of our hard drive suppliers, announced that it would spin-out its hard drive and other selected businesses into a separate company.” |
| customer | Fortinet, Inc. (FTNT) | 10-K Feb 25, 2026 | “Our limited source components for particular appliances and suppliers of those components include specific types of CPUs from Intel and AMD, network and wireless chips from Broadcom, Marvell, Qualcomm and Intel, and memory devices from Intel, Micron, ADATA, Toshiba, Samsung and Western Digital.” |
| partner | HITACHI LTD (HTHIY) | 20-F Jun 24, 2011 | “In March 2011, we entered into an agreement with Western Digital to sell our HDD business to Western Digital.” |
WDC customer concentration
In the period ended Jul 3, 2026, 3 direct customers each accounted for at least 10% (16%, 15%, 13%) of revenue, per the company's 10-K filed Aug 14, 2026. The company does not name them.
WDC company outlook (results filed Oct 22, 2026)
- “WD's Fiscal First Quarter 2027 Conference Call WD will host a conference call to discuss its fiscal first quarter 2027 results and business outlook for the fiscal second quarter of 2027 today at 1:30 p.m.”
Quoted word-for-word from the SEC 8-K results press release.
WDC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $5.22 | $4.31 | +21.2% | $4.73B | 20 |
| Next quarter (ends Mar 2027) | $6.09 | $4.89 | +24.5% | $5.24B | 19 |
| Current fiscal year (ends Jun 2027) | $22.02 | $18.23 | +20.8% | $19.90B | 24 |
| Next fiscal year (ends Jun 2028) | $35.55 | $27.15 | +31.0% | $27.45B | 23 |
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 354.19 |
|---|---|
| Change | ▼ 6.43% (down) |
| Previous Close | USD 378.51 |
| Open | USD 363.76 |
| Day Range | USD 348.23 – 367.34 |
| 52-Week Range | USD 121.72 – 799.87 |
| Volume | 13,399,788 shares |
| Market Cap | $132.58B |
| Exchange | NMS |
Technical Analysis (WDC)
Nexqual's technical model rates WDC "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 36.79 (neutral) |
| vs SMA50 | Below (USD 435.87) |
| MACD | -25.38 (negative) |
Analyst Ratings (WDC)
Wall Street analysts rate WDC "Buy" based on 26 analysts, with a mean price target of USD 636.08 (range USD 405–1,050), per Nexqual as of October 23, 2026 at 10:37 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 26 |
| Mean Target | USD 636.08 |
| High Target | USD 1,050 |
| Low Target | USD 405 |
| Buy / Hold / Sell | 21 / 5 / 0 |
Earnings (WDC)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 5.22 |
| Revenue Estimate | $4.73B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 4.64 vs est 4.1 ▲ beat |
| 2026-06-30 | USD 3.56 vs est 3.3 ▲ beat |
| 2026-03-31 | USD 2.72 vs est 2.39 ▲ beat |
| 2025-12-31 | USD 2.13 vs est 1.93 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financials & Fundamentals (WDC)
| Total Revenue | $12.92B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +43.80% |
| Gross Margin | +48.85% |
| Operating Margin | +43.61% |
| Profit Margin | +72.95% |
| ROE | +130.85% |
| Debt / Equity | 0.13 |
| Current Ratio | 1.33 |
| Total Cash | $1.58B |
| Total Debt | $1.19B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $3.51B (27.2% of revenue) |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Financial Health Score (WDC)
Nexqual rates Western Digital Corporation's overall financial health "Strong" across five dimensions, as of October 23, 2026 at 10:37 UTC.
| Growth | Strong — Revenue +36% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 49%, operating 44% (last 12 months) |
| Balance Sheet | Strong — $1.58B cash and investments vs $1.05B debt (Jul 2026, SEC), net cash |
| Cash Flow | Strong — FCF $3.51B (last 4 quarters to Jul 2026, SEC), 27% margin |
| Efficiency | Strong — ROE 131%, ROA 20.8% |
Ownership (WDC)
| Insider Ownership | +0.27% |
|---|---|
| Institutional Ownership | +88.80% |
| Shares Outstanding | 374.32M |
| Float | 358.16M |
| Short % of Float | +4.90% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
Leadership (WDC)
Western Digital Corporation is led by Tiang Yew Tan, CEO & Director, per Nexqual as of October 23, 2026 at 10:37 UTC.
| CEO & Director | Tiang Yew Tan |
|---|---|
| Executive VP & CFO | Kris A. Sennesael |
| Executive VP & Chief Product Officer | Ahmed M. Shihab |
| Vice President of Investor Relations | Ambrish Srivastava |
Major Backers & Investors (WDC)
Notable institutional backers of Western Digital Corporation include FMR, LLC, JPMorgan, Capital Group, according to Nexqual as of October 23, 2026 at 10:37 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 6.94% |
| JPMorgan | 4.54% |
| Capital Group | 4.43% |
| Invesco | 3.86% |
| Morgan Stanley | 2.18% |
| AMERICAN BALANCED FUND | 1.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 9.51% |
| BlackRock | 8.8% |
| State Street | 4.35% |
| Geode Capital | 2.25% |
Source: Nexqual, October 23, 2026 at 10:37 UTC.
From Western Digital Corporation's Latest SEC 10-K Filing (filed 2026-08-14)
Key Strengths & Strategy (as disclosed to the SEC)
- We rely upon non-disclosure agreements, contractual provisions and a system of internal safeguards to protect our proprietary information.
- Our vertically integrated, in-house assembly and test operations are concentrated in Prachinburi and Bang Pa-In, Thailand; Penang, Johor Bahru, and Kuching, Malaysia; Laguna, Philippines; Shenzhen, China; and San Jose and Fremont, California, USA.
- Our products generally leverage a common platform for various products within product families, and in some cases across product families, resulting in the commonality of components which reduces our exposure to changes in demand, facilitates inventory management and allows us to achieve lower costs through purchasing economies.
- We continually seek additional United States ("U.S.") and international patents on our technology.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to laws, rules and regulations relating to the collection, use, sharing and security of data, including personal data, and our failure to comply with these laws, rules and regulations could subject us to proceedings by governmental entities or others and cause us to incur penalties, significant legal liability, or loss of customers, loss of revenue and reputational harm.
- We are and may continue to be involved in litigation, investigations and governmental proceedings, which may be costly, may divert the efforts of our key personnel and could result in adverse court rulings, fines or penalties, which could materially harm our business.
- We are or have in the past been, and may in the future be, involved in litigation, including antitrust and commercial matters, putative securities class action suits and other actions.
- Litigation is subject to inherent risks and uncertainties that may cause actual results to differ materially from our expectations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| STX | Seagate Technology Holdings PLC | USD 642.14 | ▼ 7.86% |
| SNDK | Sandisk Corporation | USD 1,260.93 | ▼ 8.51% |
| ANET | Arista Networks, Inc. | USD 171.07 | ▼ 7.19% |
| DELL | Dell Technologies Inc. | USD 452.95 | ▼ 6.78% |
| P | Everpure, Inc. | USD 121.2 | ▼ 7.43% |
| HPQ | HP Inc. | USD 33.76 | ▲ 7.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt