WDC

Western DigitalNASDAQ · Technology Hardware, Storage & Peripherals · Information Technology

Previous close

366.11

Change

−29.30 / −7.41%

FinDog View

Bullish

52-Week Range ?

132.43 – 799.87

P/E (TTM) ?

15.5

Forward P/E ?

19.9

Based on consensus earnings for the next 12 months

Market Cap

$129B

−19.44%

S&P 500 −0.91% over same period

Volume / Avg Volume

9.0M / 9.4M

0.96× average

Latest earnings analysisFY2027 Q1Reported 2026-10-22

Western Digital Q1 FY27: revenue up 55.5%, EPS $4.63, Cloud at 88.3%

Western Digital beat on both lines in FY2027 Q1 and guided the next quarter to $5.1 billion, about 69% above last year's base. The story is now narrow and simple: a $4.38 billion quarter that is 88.3% Cloud, a 57.8% gross margin, and $1.06 billion handed back to shareholders. Read the quarter for pricing power, then read the risks for customer concentration.

Read the full analysis →

Revenue$4.38BYoY +55.50%

EPS (non-GAAP)$4.64Beatest. $4.13

Next-quarter revenue guidance$5.10B ±1.96%YoY +16.40%

Next-day move−2.97%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 15.91M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2027 Q1 Quarter ended 2026-10	2026-10-22	$4.4B	4.64 / 4.13	−2.97%	Read analysis →
FY2026 Q4 Quarter ended 2026-07	2026-08-05	$12.9B	3.56 / 3.33	−13.03%	Read analysis →
FY2026 Q3 Quarter ended 2026-04	2026-04-30	$3.3B	2.72 / 2.41	−0.69%	Pending
FY2026 Q2 Quarter ended 2026-01	2026-01-29	$3.0B	2.13 / 1.94	−10.12%	Pending
FY2026 Q1 Quarter ended 2025-10	2025-10-30	$2.8B	1.78 / 1.60	+8.75%	Pending
FY2025 Q4 Quarter ended 2025-06	2025-07-30	$2.6B	1.66 / —	+10.16%	Pending
FY2025 Q3 Quarter ended 2025-03	2025-04-30	$2.3B	1.36 / —	+0.21%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-01-27

in 86 days · time TBD

Consensus EPS

$4.82

Last quarter EPS $4.64

Avg. next-day move over the last 7 reports

±6.6%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 26 of its 5-year rangeCheap

5-year range 11.5 – 75.7 · Median 24.7

Last 4 quarters: $3.0B in buybacks + $196M in dividends, 2.52% of market cap combined

P/E (TTM)

15.5

P/B

16.7

P/S

10.8

Dividend Yield

0.13%

Earnings Reaction

Over the last 7 reports, the stock moved ±6.6% on average on the first trading day after, rising 3 times

Most recent −2.97%

Guidance Credibility

Of the last 4 next-quarter revenue guides, 4 were met; actual results averaged 4.9% above guidance

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 8 · $6.1MNet selling $6.1M

10-29Cole Martin IDirectorSell$1.6M4,000 shares · 12 trades · Avg price 395.47
10-21Tregillis Cynthia LChief Legal Officer & Corp SecSell$0.31M807 shares · Avg price 380.00
09-04Gubbi Vidyadhara KChief of Global OperationsSell$0.83M1,795 shares · Avg price 459.87
09-04Tregillis Cynthia LChief Legal Officer & Corp SecSell$0.19M432 shares · Avg price 451.20
09-01STREETER STEPHANIE ADirectorSell$0.73M1,600 shares · Avg price 455.00
08-31STREETER STEPHANIE ADirectorSell$1.8M4,000 shares · 2 trades · Avg price 447.82
08-27Tregillis Cynthia LChief Legal Officer & Corp SecSell$0.48M1,007 shares · Avg price 478.36
08-26Tregillis Cynthia LChief Legal Officer & Corp SecSell$0.21M476 shares · Avg price 450.78

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2027 Q1	4.38	+55.5%	57.8%	2.05	1.78	1.38	4.63
FY2026 Q4	3.75	+43.8%	54.1%	1.56	3.20	1.28	8.28
FY2026 Q3	3.34	+45.5%	50.2%	1.19	3.21	0.98	8.20
FY2026 Q2	3.02	+25.2%	45.7%	0.91	1.84	0.65	4.73
FY2026 Q1	2.82	+27.4%	43.5%	0.79	1.18	0.60	3.07
FY2025 Q4	2.61	+30.0%	—	—	0.28	0.68	0.75
FY2025 Q3	2.29	+30.9%	39.8%	0.76	0.52	0.38	1.42
FY2025 Q2	2.41	+76.2%	37.7%	0.56	0.59	0.29	1.63
FY2025 Q1	2.21	+85.3%	36.4%	0.33	0.49	-0.06	1.35
FY2024 Q4	2.00	−159.1%	—	—	0.04	0.25	0.08
FY2024 Q3	1.75	−37.5%	29.6%	0.09	0.14	-0.04	0.35
FY2024 Q2	1.37	−56.0%	-85.8%	-0.21	-0.29	-0.24	-0.92

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
WDC	Western Digital	$129B	15.5	+55.5%	57.8%	−19.44%	Bullish
NVDA	Nvidia	$4.90T	25.8	+105.9%	75.0%	−10.39%	Bullish	Compare
AAPL	Apple Inc.	$5.05T	39.3	+16.4%	50.1%	+3.49%	Bullish	Compare
MSFT	Microsoft	$3.87T	27.2	+18.8%	67.8%	+1.76%	Bullish	Compare
AVGO	Broadcom	$1.55T	40.4	+85.5%	69.1%	−7.15%	Bullish	Compare
MU	Micron Technology	$989B	11.8	+379.3%	86.8%	−16.93%	Bullish	Compare
AMD	Advanced Micro Devices	$817B	143.0	+50.1%	53.8%	−17.48%	Bullish	Compare
INTC	Intel	$339B	—	+20.9%	43.0%	−45.30%	Bullish	Compare
PLTR	Palantir Technologies	$444B	156.5	+92.8%	84.7%	−1.57%	Bullish	Compare

The View in One Line

Revenue up 55.5%, gross margin 57.8%, EPS 4.64 beat, free cash flow $1.38B; Cloud at 88.3% of revenue is a concentration risk.

Updated 2026-10-30

View History

09-17Neutral → Bullish
FY2026 revenue up 36%, Q4 gross margin 54.1%, FCF $3.51B, long-term debt cleared, Q1 margin guide 55-56%; filing analysis bullish.

Notable Institutional Holders

Citadel Advisors · Ken Griffin$420MAdded +147%
Renaissance Technologies$343MReduced −53%
Bridgewater Associates · Ray Dalio$110MReduced −31%

As of 2026-06-30

ETFs holding it

MTUM iShares MSCI USA Momentum Factor ETF1.58%
XLK Technology Select Sector SPDR Fund0.81%
QQQ Invesco QQQ0.58%
QQQM Invesco NASDAQ 100 ETF0.58%
VUG Vanguard Growth ETF0.36%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF0.30%
SPY SPDR S&P 500 ETF Trust0.20%
VOO Vanguard S&P 500 ETF0.19%

Weights estimated at latest prices

Key Events

09-14Capital Actions
Western Digital Announces Redemption of 2028 Convertible Senior Notes
On September 14, 2026, Western Digital notified holders of the redemption of all its 3.00% convertible senior notes due 2028, with a redemption date of November 16, 2026 at 100% of principal plus accrued interest.Source ↗
08-27Capital Actions
Western Digital Completes $191 Million Convertible Note Exchange
Western Digital exchanged approximately $191 million of its 3.00% convertible senior notes due 2028 for cash plus 4.6536 million shares of common stock.Source ↗
08-26Capital Actions
Western Digital Reaches Exchange Agreement With Convertible Note Holders
On August 26, 2026, Western Digital reached an agreement with holders of its 3.00% convertible notes due 2028 to exchange approximately $191 million in principal amount of notes for approximately $192.7 million in cash and stock.Source ↗
06-11Capital Actions
Western Digital Swaps SanDisk Shares for Its Own Stock
On June 11, 2026, Western Digital reached an agreement with institutional investors to exchange 1,038,700 SanDisk shares for Western Digital common stock held by them, expected to close on June 22.Source ↗
06-08Capital Actions
Western Digital Completes $858 Million Convertible Debt Exchange
Western Digital exchanged about $858.4 million of convertible notes for cash and 21,289,938 common shares, with the exchange completed on June 2, 2026.Source ↗
06-03Capital Actions
Western Digital Exchanges $858 Million of Convertible Notes
Western Digital reached an agreement with holders to exchange approximately $858.4 million of 3.00% convertible notes due 2028, settled in cash and stock, expected to close around June 5.Source ↗
05-28Management Change
Western Digital Appoints Manuvir Das to Board
On May 26, 2026, Western Digital's board appointed Manuvir Das as a director and member of the audit committee; announced on May 28.Source ↗

Key Financial Trends

Quarterly Revenue ($B)4.4

Gross Margin57.8%

Free Cash Flow ($B)1.4