Western Digital Corporation (WDC) income statement
NASDAQ · Technology · Computer Hardware · 40,000 employees · CEO Tiang Yew Tan
- Price
- $366.11 -7.41%
- Market cap
- $137B
- Enterprise value
- $137B
- Last report
- Q1 '27 filed 2026-10-23
Western Digital Corporation (WDC) reported revenue of $4.38B for Q1 '27 (+55.5% year on year), operating income of $2.05B (46.7% of revenue) and net income of $1.78B. Over the last four quarters revenue was $14.5B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $1.75B | $2B | $2.21B | $2.41B | $2.29B | $2.61B | $2.82B | $3.02B | $3.34B | $3.75B | $4.38B | |
| Cost of revenue | $2.54B | $1.23B | $1.31B | $1.41B | $1.5B | $1.38B | $1.54B | $1.59B | $1.64B | $1.66B | $1.72B | $1.85B | |
| Gross profit | $492M | $519M | $697M | $806M | $907M | $912M | $1.07B | $1.23B | $1.38B | $1.68B | $2.03B | $2.53B | |
| Research & development | $9M | $243M | $267M | $262M | $225M | $245M | $262M | $294M | $289M | $294M | $284M | $283M | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $32M | $0 | $0 | $0 | $25M | $0 | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $85M | $0 | $0 | $0 | $85M | $162M | |
| Other operating expenses | $495M | $6M | $353M | $6M | -$10M | -$201M | $8M | $3M | $55M | $45M | $71M | $43M | |
| Operating expenses | $702M | $425M | $788M | $472M | $347M | $152M | $387M | $435M | $472M | $486M | $465M | $488M | |
| Operating income | -$210M | $94M | -$91M | $334M | $560M | $760M | $680M | $792M | $908M | $1.19B | $1.56B | $2.05B | |
| Interest income | $12M | $10M | $9M | $9M | $11M | $10M | $20M | $545M | $12M | $2.17B | $0 | $7M | |
| Interest expense | $108M | $108M | $103M | $99M | $95M | $91M | $74M | $59M | $54M | $38M | $4M | $11M | |
| Other non-operating income (gains on investments, FX ...) | $47M | -$6M | -$353M | -$6M | $10M | $201M | -$8M | -$3M | -$55M | -$45M | -$71M | $8M | |
| Total non-operating income | -$49M | -$106M | -$102M | -$91M | -$94M | -$686M | -$333M | $545M | $1.05B | $2.17B | $1.68B | -$8M | |
| Income before tax | -$259M | -$12M | -$193M | $243M | $466M | $74M | $347M | $1.34B | $1.96B | $3.36B | $3.25B | $2.04B | |
| Income tax | $28M | -$4M | $53M | $90M | $0 | -$698M | $95M | $155M | $120M | $154M | $52M | $259M | |
| Net income | -$287M | $135M | $39M | $493M | $594M | $520M | $282M | $1.18B | $1.84B | $3.21B | $3.2B | $1.78B | |
| EPS (basic) | -$0.88 | $0.35 | $0.09 | $1.40 | $1.68 | $1.46 | $0.79 | $3.34 | $5.27 | $9.29 | $9.26 | $4.86 | |
| EPS (diluted) | -$0.87 | $0.34 | $0.09 | $1.35 | $1.63 | $1.42 | $0.76 | $3.07 | $4.73 | $8.52 | $8.50 | $4.63 | |
| Shares (basic, weighted) | 326M | 326M | 333M | 344M | 346M | 348M | 348M | 345M | 345M | 345M | 345M | 366M | |
| Shares (diluted, weighted) | 335M | 335M | 349M | 357M | 357M | 358M | 362M | 376M | 376M | 376M | 376M | 384M | |
| Depreciation & amortization | $143M | $140M | -$83M | $80M | $175M | $110M | $86M | $88M | $92M | $96M | $99M | $104M | |
| EBITDA | -$114M | $240M | $179M | $420M | $725M | $669M | $774M | $883M | $1.06B | $1.33B | $1.73B | $2.14B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.1B | $20.6B | $16.6B | $16.7B | $16.9B | $18.8B | $6.26B | $6.32B | $9.52B | $12.9B | |
| Cost of revenue | $13B | $12.9B | $12.8B | $13B | $12.5B | $12.7B | $4.86B | $4.54B | $5.83B | $6.61B | |
| Gross profit | $6.07B | $7.71B | $3.75B | $3.78B | $4.45B | $6.07B | $1.39B | $1.77B | $3.69B | $6.31B | |
| Research & development | $2.44B | $2.4B | $2.18B | $2.26B | $2.24B | $2.32B | $986M | $950M | $994M | $1.16B | |
| Sales & marketing | $89M | $112M | $107M | $93M | $84M | $88M | $66M | $51M | $32M | $25M | |
| General & administrative | $1.36B | $1.36B | $1.24B | $1.06B | $1.01B | $1B | $718M | $659M | $529M | $498M | |
| Other operating expenses | $232M | $213M | $135M | $33M | -$111M | $269M | $169M | $516M | -$197M | $174M | |
| Operating expenses | $4.12B | $4.09B | $3.67B | $3.45B | $3.23B | $3.68B | $1.94B | $2.18B | $1.36B | $1.86B | |
| Operating income | $1.95B | $3.62B | $87M | $335M | $1.22B | $2.39B | -$548M | -$403M | $2.33B | $4.45B | |
| Interest income | $26M | $60M | $57M | $28M | $7M | $6M | $19M | $33M | $45M | $0 | |
| Interest expense | $847M | $676M | $469M | $413M | $326M | $304M | $310M | $414M | $357M | $139M | |
| Other non-operating income (gains on investments, FX ...) | -$232M | -$213M | -$135M | -$33M | $111M | -$269M | -$169M | -$516M | $197M | -$174M | |
| Total non-operating income | -$1.19B | -$1.53B | -$374M | -$381M | -$293M | -$220M | -$301M | -$336M | -$1.2B | $5.45B | |
| Income before tax | $769M | $2.09B | -$287M | -$46M | $927M | $2.17B | -$849M | -$739M | $1.13B | $9.91B | |
| Income tax | $372M | $1.41B | $467M | $204M | $106M | $625M | $53M | $26M | -$513M | $481M | |
| Net income | $397M | $675M | -$754M | -$250M | $821M | $1.55B | -$1.68B | -$798M | $1.89B | $9.42B | |
| EPS (basic) | $1.38 | $2.27 | -$2.58 | -$0.84 | $2.69 | $4.81 | -$5.37 | -$2.61 | $5.31 | $26.92 | |
| EPS (diluted) | $1.34 | $2.20 | -$2.58 | -$0.84 | $2.66 | $4.75 | -$5.37 | -$2.61 | $5.12 | $24.28 | |
| Shares (basic, weighted) | 288M | 297M | 292M | 298M | 305M | 312M | 318M | 326M | 347M | 345M | |
| Shares (diluted, weighted) | 296M | 307M | 292M | 298M | 309M | 316M | 318M | 326M | 359M | 383M | |
| Depreciation & amortization | $2.13B | $2.06B | $1.81B | $1.57B | $1.21B | $929M | $389M | $347M | $336M | $375M | |
| EBITDA | $4.31B | $5.89B | $2.03B | $1.93B | $2.32B | $3.59B | $10M | $460M | $2.47B | $5B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-10-02, 10-K 2026-07-03, 10-Q 2026-04-03, 10-Q 2026-01-02, 10-Q 2025-10-03, 10-K 2025-06-27, 10-Q 2025-03-28, 10-Q 2024-12-27, 10-Q 2024-09-27
Data as of 2026-11-01