Western Digital Corporation
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About the company
Western Digital Corporation designs, manufactures, and markets a broad range of data storage devices and software solutions across the United States, China, Hong Kong, Europe, the Middle East, Africa, and the rest of Asia, serving an international market. The company's product lineup includes client devices such as hard disk drives (HDDs) and solid-state drives (SSDs) for computing platforms like desktops, notebooks, smart video systems, gaming consoles, and set-top boxes. They also provide flash-based embedded storage solutions for mobile phones, tablets, laptops, and various portable and wearable technologies, extending into automotive, Internet of Things (IoT), industrial, and connected home applications.
- CEO
- Tiang Yew Tan
- IPO
- 1978
- Employees
- 40,000
- HQ
- San Jose, CA, US
Price Chart
- Market Cap
- $185.78B
- P/E
- 28.84
- P/S
- 15.78
- P/B
- 19.21
- EV/EBITDA
- 24.60
- Div Yield
- 0.09%
- Gross Margin
- 45.43%
- Op Margin
- 30.78%
- Net Margin
- 55.07%
- ROE
- 91.94%
- ROIC
- 27.90%
- Revenue
- $9.52B · 50.70%
- Net Income
- $1.86B · 333.21%
- EPS
- $5.31 · 303.45%
- Op Income
- $2.33B
- FCF YoY
- 264.40%
- 52W High
- $799.87
- 52W Low
- $63.67
- 50D MA
- $529.63
- 200D MA
- $290.56
- Beta
- 2.17
- Avg Volume
- 8.37M
AI snapshot
Six angles, distilled from the data.
The stock remains in a powerful multi-month uptrend, trading well above its 200-day average and far above the 52-week low. It is still below the 52-week high, so the regime is constructive but extended rather than early-stage.
Street sentiment is firmly positive, with a Buy consensus and an average target of 533.33 versus a 575 median. Recent action has been mostly target raises, though Fox Advisors cut the rating to Equal-Weight while Cantor and Melius turned more bullish.
Western Digital has beaten EPS in 6 of the last 7 reported quarters, including a 13.8% beat in the prior quarter and a 10.4% beat before that. Next quarter is expected at 3.22 EPS, so shareholders should watch whether storage demand and margin discipline keep the streak intact.
No notable discretionary insider buying or selling. Recent filings are dominated by award, exempt, and in-kind transactions tied to compensation and tax-related mechanics, which are not a clear directional signal.
Profitability is strong, led by a 45.4% gross margin and a 37.0% operating margin, while net margin reached 55.3%. Growth is also sharp, with revenue up 45.5% year over year and EPS growth of 482.9%, though net debt remains negative at $2.61 billion.
WDC wins on scale and leverage to storage-cycle recovery, but its 2.2 beta keeps it more volatile than many hardware peers. The stock still trades on a rich multiple at 65.0x trailing EPS, so the setup favors execution over multiple expansion.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 17, 26 | Tregillis Cynthia L | other | 18.638 |
| Jun 20, 26 | Tan Irving | other | 52 |
| Jun 20, 26 | Tan Irving | other | 1,090 |
| Jun 17, 26 | Tan Irving | other | 56.501 |
| Jun 20, 26 | Tan Irving | other | 52.111 |
| Jun 17, 26 | STREETER STEPHANIE A | other | 0.334 |
| Jun 17, 26 | Shihab Ahmed Mohammed | other | 51 |
| Jun 17, 26 | Shihab Ahmed Mohammed | other | 5,149 |
| Jun 17, 26 | Shihab Ahmed Mohammed | other | 27.918 |
| Jun 17, 26 | Shihab Ahmed Mohammed | other | 51.896 |
Our WDC coverage
Recent articles, reports, and earnings notes.
Western Digital (WDC): AI Storage Demand Fuels Re-Rating
Western Digital has transformed into a focused HDD play on hyperscale cloud demand, with strong revenue growth, expanding margins, and visible product-roadmap momentum. The stock looks attractive, but valuation remains rich and the setup still carries cyclical risk.
Seagate’s 12% drop is exactly what a sold-out cycle looks like before the market believes it
Seagate’s 12.2% selloff looks more like a crowded-trade flush than a broken AI storage story. Management is still talking about nearline capacity being almost fully allocated through 2027, and the latest operating numbers still look like a cycle with pricing power.
Western Digital just had its worst day in weeks and the AI-storage thesis still didn’t break
Western Digital's 13.2% drop looks like a crowded-trade unwind, not a broken AI-storage story. The core setup still points to tightening HDD supply, stronger pricing, and a business already printing elite growth and margins.
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AI analysis · Last refreshed July 4, 2026 · Live quote · Not investment advice