Western Digital Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.92B | $9.52B | $6.32B | $6.26B | $18.79B | $16.92B | $16.74B | $16.57B |
| Cost of Revenue | $6.61B | $5.83B | $4.54B | $4.86B | $12.92B | $12.40B | $12.96B | $12.82B |
| Gross Profit | $6.31B | $3.69B | $1.77B | $1.39B | $5.87B | $4.52B | $3.78B | $3.75B |
| Gross Margin | 48.9% | 38.8% | 28.1% | 22.2% | 31.3% | 26.7% | 22.6% | 22.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $551.0M | $568.0M | $726.0M | $807.0M | $1.12B | $1.11B | $1.15B | $1.32B |
| Operating Income | $4.45B | $2.33B | $-403.0M | $-548.0M | $2.39B | $1.22B | $335.0M | $87.0M |
| Operating Margin | 34.5% | 24.5% | -6.4% | -8.8% | 12.7% | 7.2% | 2.0% | 0.5% |
| Interest Expense | — | — | — | $312.0M | $304.0M | $326.0M | $413.0M | $469.0M |
| Pretax Income | $9.91B | $1.13B | $-739.0M | $-849.0M | $2.17B | $927.0M | $-46.0M | $-287.0M |
| Income Tax Expense | $481.0M | $-513.0M | $26.0M | $53.0M | $625.0M | $106.0M | $204.0M | $467.0M |
| Net Income | $9.42B | $1.89B | $-798.0M | $-1.68B | $1.55B | $821.0M | $-250.0M | $-754.0M |
| Net Margin | 72.9% | 19.8% | -12.6% | -26.9% | 8.2% | 4.9% | -1.5% | -4.6% |
| EPS (Basic) | $26.92 | $5.31 | $-2.61 | $-5.37 | $4.96 | $2.69 | $-0.84 | $-2.58 |
| EPS (Diluted) | $24.28 | $5.12 | $-2.61 | $-5.37 | $4.89 | $2.66 | $-0.84 | $-2.58 |
| Shares Outstanding (Basic) | 345.0M | 347.0M | 326.0M | 318.0M | 312.0M | 305.0M | 298.0M | 292.0M |
| Shares Outstanding (Diluted) | 383.0M | 359.0M | 326.0M | 318.0M | 316.0M | 309.0M | 298.0M | 292.0M |
| Dividends Per Share | $0.50 | $0.10 | — | — | $0.00 | $0.00 | $1.50 | $2.00 |