Stocks · Technology · Computer Hardware
Western Digital Corporation WDC
$415.29 -10.22% Close, Oct 2, 2026 · NASDAQ · Market cap $143.14B
Strong growth
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $24.82, up 381.0% year over year.
- Operating margin widened to 34.9% from 23.1% a year earlier.
- Over the past year the stock returned +218.0%, ahead of the S&P 500 by 202.9 percentage points.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth96Exceptional
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 47%
- EPS growth (TTM, YoY)Top 6%
- FCF growth (TTM, YoY)Top 9%
- Revenue growth, 3-year CAGRTop 14%
- Revenue growth accelerationTop 24%
Quality65Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 3%
- Gross marginBottom 47%
- Operating marginTop 6%
- Cash conversion (OCF / net income)Bottom 8%
- Accruals (lower is better)Bottom 1%
- Net debt / EBITDA (lower is better)Top 44%
- Interest coverTop 13%
Value60Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 12%
- Free-cash-flow yieldBottom 44%
- EBITDA / enterprise valueTop 30%
- Sales / enterprise valueBottom 21%
- P/E vs own 5-year history (lower is better)Top 49%
Momentum66Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 2%
- 6-month returnTop 37%
- 1-year return vs S&P 500Top 5%
- Distance from 52-week highBottom 25%
- Trend checklist (0–4)Bottom 40%
Revisions94Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 42%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyTop 38%
- Upside to consensus price targetTop 25%
Stability40Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 25%
- Maximum drawdown, 3 yearsTop 27%
- Beta vs S&P 500 (lower is better)Bottom 18%
- Net debt / EBITDA (lower is better)Top 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.1% | 13.4% | ↑ |
| EPS growth (YoY) | 280.6% | 381.0% | ↑ |
| Gross margin | 37.7% | 48.9% | ↑ |
| Operating margin | 23.1% | 34.9% | ↑ |
| FCF margin | 11.2% | 24.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 13.4% | 9.1% | ↑ | Top 47% |
| EPS growth (TTM, YoY) | 381.0% | 280.6% | ↑ | Top 6% |
| Gross margin | 48.9% | 37.7% | ↑ | Bottom 47% |
| Operating margin | 34.9% | 23.1% | ↑ | Top 6% |
| Net margin | 72.9% | 16.4% | ↑ | — |
| Free-cash-flow margin | 24.9% | 11.2% | ↑ | — |
| Return on invested capital | 40.2% | — | Top 3% | |
| Revenue growth, 3-year CAGR | 27.4% | — | Top 14% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.39×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 41.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +23.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.06×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 29.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.12%
- Net buyback yield (TTM)
- 1.79%
- Shareholder yield
- 1.91%
- Share count change, 1 year
- +3.9%
- Share count change, 3-year CAGR
- +5.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 3, 2026 (filed Aug 14, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +10.9%
- Average 2-day reaction, last 8
- +0.7%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $647.58
- Target vs current price
- +55.9%
- Analysts with a rating
- 61
- Share rating Buy or Strong Buy
- 72%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +7.6% | -5.4% | -20.2% | -17.9% | — |
| Apr 30, 2026 | +13.8% | +5.3% | +17.1% | +28.7% | +20.6% |
| Jan 29, 2026 | +10.4% | -0.5% | -3.7% | +0.9% | +44.4% |
| Oct 30, 2025 | +11.9% | -2.3% | +13.2% | +11.6% | +78.7% |
| Jul 30, 2025 | +12.2% | +1.2% | +7.4% | +12.9% | +70.6% |
| Apr 30, 2025 | +21.4% | +8.0% | +9.0% | +28.9% | +69.4% |
| Jan 29, 2025 | +31.1% | -0.1% | +1.5% | +5.6% | -15.4% |
| Oct 24, 2024 | +3.5% | -0.4% | +0.6% | -4.2% | +3.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $3.56 | $3.31 | +7.6% | $3.75B |
| Apr 30, 2026 | $2.72 | $2.39 | +13.8% | $3.34B |
| Jan 29, 2026 | $2.13 | $1.93 | +10.4% | $3.02B |
| Oct 30, 2025 | $1.78 | $1.59 | +11.9% | $2.82B |
| Jul 30, 2025 | $1.66 | $1.48 | +12.2% | $2.60B |
| Apr 30, 2025 | $1.36 | $1.12 | +21.4% | $2.29B |
| Jan 29, 2025 | $1.77 | $1.35 | +31.1% | $4.29B |
| Oct 24, 2024 | $1.78 | $1.72 | +3.5% | $2.21B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 16.7× | 14.6× | 57th | Top 12% |
| P/E (forward) | 20.4× | — | — | — |
| EV / EBITDA | 16.4× | — | — | Top 30% |
| EV / Sales | 11.04× | — | — | Bottom 21% |
| Free-cash-flow yield | 2.25% | — | — | Bottom 44% |
| Earnings yield | 5.98% | — | — | Top 12% |
P/E over the past five years
Range 6.3× – 58.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +218.0%
- Earnings per share growth (TTM)
- +381.0%
- Change in P/E multiple
- +38.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 350
- 50-day average slope (20 days)
- -8.8%
- 200-day average slope (20 days)
- +7.7%
- Distance from 50-day average
- -10.9%
- Distance from 200-day average
- +3.8%
- RSI (14)
- 39.2
- Relative volume
- 3.65×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 80.4%
- Volatility vs own 5-year history
- 92th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.22
- Correlation with S&P 500
- 0.51
- Current drawdown from 1-year high
- -44.3%
- Maximum drawdown, 3 years
- -49.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 4, 2021 | Dec 28, 2022 | -60.9% | 395 days | 355 days (May 29, 2024) |
| Jul 10, 2024 | Apr 4, 2025 | -49.6% | 185 days | 54 days (Jun 24, 2025) |
| Jun 18, 2026 | Sep 15, 2026 | -44.8% | 60 days | Not yet recovered |
| Mar 19, 2026 | Mar 30, 2026 | -20.6% | 7 days | 6 days (Apr 8, 2026) |
| Nov 10, 2025 | Nov 21, 2025 | -20.1% | 9 days | 12 days (Dec 10, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $143.14B
- P/E (TTM)
- 16.7
- EPS, diluted (TTM)
- $24.82
- Revenue (TTM)
- $12.92B
- Dividend yield
- 0.13%
- 52-week range
- $112.52 – $799.87
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $18.79B | $6.25B | $6.32B | $9.52B | $12.92B |
| Gross profit | $5.87B | $1.39B | $1.77B | $3.69B | $6.31B |
| Operating income | $2.39B | -$548.0M | -$403.0M | $2.33B | $4.45B |
| Net income | $1.55B | -$1.68B | -$798.0M | $1.86B | $9.42B |
| EPS (diluted) | $4.75 | -$5.37 | -$2.61 | $5.12 | $24.28 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.21B | $4.29B | $2.29B | $2.60B | $2.82B | $3.02B | $3.34B | $3.75B |
| Net income | $493.0M | $594.0M | $524.0M | $257.0M | $1.18B | $1.84B | $3.21B | $3.19B |
| EPS (diluted) | $1.35 | $1.63 | $1.42 | $0.76 | $3.07 | $4.73 | $8.52 | $8.50 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.88B | -$408.0M | -$294.0M | $1.69B | $3.93B |
| Capital expenditure | -$1.11B | -$807.0M | -$487.0M | -$407.0M | -$418.0M |
| Free cash flow | $773.0M | -$1.22B | -$781.0M | $1.28B | $3.51B |
| Dividends paid | $0 | $0 | $0 | -$44.0M | -$174.0M |
| Net share buybacks | $32.0M | $974.0M | $80.0M | -$72.0M | -$2.53B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.58B
- Total assets
- $13.86B
- Total liabilities
- $5.00B
- Total debt
- $1.05B
- Net debt
- -$527.0M
- Shareholders’ equity
- $8.86B
As of Jul 3, 2026 (filed Aug 14, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 8, 2026 | $0.15 | Sep 17, 2026 |
| Jun 5, 2026 | $0.15 | Jun 17, 2026 |
| Mar 5, 2026 | $0.13 | Mar 18, 2026 |
| Dec 4, 2025 | $0.13 | Dec 18, 2025 |
| Sep 4, 2025 | $0.10 | Sep 18, 2025 |
| Jun 4, 2025 | $0.10 | Jun 18, 2025 |
| Apr 2, 2020 | $0.50 | Apr 17, 2020 |
| Jan 2, 2020 | $0.50 | Jan 21, 2020 |
Short interest
- Shares sold short
- 17,280,387
- Days to cover
- 3.13
- Change vs previous report
- -13.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 24, 2025
- 1,323-for-1,000
- Jun 4, 1997
- 2-for-1