Western Digital Corp (WDC)
Information Technology · Technology Hardware, Storage & Peripherals · US stock · S&P 500 component
$332.00
▼ -24.45 (6.86%)
Fair valueOvervalued
$157 −52.7% to fair value
$79fair band $94–$220$236
Day's range
$331.81 – $348.51
52-week range
$117.01 – $799.62
Red flags⚠ Possible earnings-quality issue (Beneish M)⚠ Heavy dilution
About Western Digital Corp
Western Digital makes hard disk drives and related data storage products used in data centers, personal computers and consumer devices. Its drives hold the data that cloud companies, businesses and individual users store. Revenue comes from selling drives to large cloud customers, computer makers, distributors and retailers, and demand depends on data growth and on the spending cycles of the biggest data center operators.
Revenue over the last twelve months came to $12.9 billion. Across three years, revenue grew 27.4% a year. It posts an operating margin of 34.5%, with return on invested capital of 47%. With net debt to EBITDA at negative 0.1 times, cash exceeds debt. The dividend yield is 0.2%. Overall, the X-Ray Score comes to 55 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $117.01 – $799.62Volume 7,988,500Daily, split-adjusted
Vitals
Market cap$127.2B
52-week range$117.01 – $799.62
Volume (last day)7,988,500
P/E (TTM)13.4
EBIT / EV yield3.5%
Free-cash-flow yield2.8%
Dividend yield0.2%
Revenue (TTM)$12.9B
Net income (TTM)$9.4B
Operating margin34.5%
Return on capital47.3%
Debt incl. leases$1.2B
Cash & securities$1.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$157model spread $151 – $163
Overvalued
−52.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $332
Undervalued < $94Fair $94 – $220Overvalued > $220
10-year DCF (market-scaled)
$173
Peer multiples
$100
Earnings power floor (not blended)
$33
Fundamentals-adjusted multiple
$198
Growth the price implies
21.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
38/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.5%
Free-cash-flow yield2.8%
Fair value vs price0.5×
Growth
Strong
75/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)27.4%
Growth consistency90%
Profitability
Fair
51/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital47.3%
Operating margin34.5%
Gross profitability45.5%
Financial health
Fair
67/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA-0.1×
Interest cover27.0×
Dividends
Weak
41/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.2%
Dividends vs free cash flow6%
Quarterly results: last 6 quarters
+30.9%
Mar '25
+30.0%
Jun '25
+27.4%
Oct '25
+25.2%
Jan '26
+45.5%
Apr '26
+43.8%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.7B.
Compare with peers
SNDK Sandisk Corp77 NTAP NetApp, Inc.62 AAPL Apple Inc.55 STX Seagate Technology Hol...54Other Technology Hardware, Storage & Peripherals companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 5 Average · ● 2 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 56/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $18.8B | $6.3B | $6.3B | $9.5B | $12.9B |
| Operating income | $2.4B | −$548M | −$403M | $2.3B | $4.5B |
| Net income | $1.5B | −$902M | −$765M | $1.6B | $9.4B |
| Operating cash flow | $1.9B | −$408M | −$294M | $1.7B | $3.9B |
| Operating margin | 12.7% | -8.8% | -6.4% | 24.5% | 34.5% |
| Free cash flow | $758M | −$1.2B | −$781M | $1.3B | $3.5B |
| Diluted EPS | $4.89 | $-5.37 | $-2.61 | $5.12 | $24.28 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
4 bullish · 0 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 386.9 | Bearish |
| EMA 10 | 381.5 | Bearish |
| SMA 20 | 420.1 | Bearish |
| EMA 20 | 405.3 | Bearish |
| SMA 50 | 442.1 | Bearish |
| EMA 50 | 439.8 | Bearish |
| SMA 100 | 502.5 | Bearish |
| EMA 100 | 448.9 | Bearish |
| SMA 200 | 410.3 | Bearish |
| EMA 200 | 400.0 | Bearish |
Oscillators (daily)
| RSI (14) | 26.98 | Bullish |
| MACD (12, 26) | -26.97 | Bearish |
| Momentum (12) | -26.95 | Bearish |
| Stochastic %K (14) | 0.14 | Bullish |
| Williams %R (14) | -99.86 | Bullish |
| CCI (20) | -156.8 | Bullish |
Pivot points (classic, last session)
S3 309.7 | S2 320.7 | S1 326.4 | Pivot 337.4 | R1 343.1 | R2 354.1 | R3 359.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.55 USD
Yield on today's price
0.17%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 8 Sep 2026 | 0.1500 |
| 5 Jun 2026 | 0.1500 |
| 5 Mar 2026 | 0.1250 |
| 4 Dec 2025 | 0.1250 |
| 4 Sep 2025 | 0.1000 |
| 4 Jun 2025 | 0.1000 |
| 2 Apr 2020 | 0.5000 |
| 2 Jan 2020 | 0.5000 |
| 3 Oct 2019 | 0.5000 |
| 27 Jun 2019 | 0.5000 |
| 28 Mar 2019 | 0.5000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
WDC SEC filings
5 Oct 2026
DEF 14ASEC EDGAR
Proxy statement
14 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure; Other events
26 Aug 2026
8-KSEC EDGAR
Other events
14 Aug 2026
10-KSEC EDGAR
Annual report
5 Aug 2026
8-KSEC EDGAR
Results of operations
11 Jun 2026
8-KSEC EDGAR
Other events
3 Jun 2026
8-KSEC EDGAR
Other events
28 May 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.