Western Digital Corporation
As of Fiscal Year 2026 (ended July 3, 2026)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Total revenue (FY2026) | $12.92 billion, up 36% year-over-year |
| Cloud end-market revenue (FY2026) | approximately $11.5 billion, about 89% of total revenue, per quarterly earnings-call disclosures |
| GAAP operating income (FY2026) | $4.45 billion (34.5% operating margin), versus a GAAP operating LOSS of $(403) million in FY2024 |
| GAAP net income / diluted EPS (FY2026) | $9.42 billion / $24.28 -- includes a large non-operating item in the 'other income' line of WD's GAAP-to-non-GAAP reconciliation tied to the SanDisk separation and debt reduction, per the Q4 FY2026 earnings release |
| Non-GAAP diluted EPS (FY2026) | $10.22, up 104% year-over-year |
| Non-GAAP gross margin (FY2026) | 49.1%, up about 970 basis points year-over-year |
| Exabytes shipped (Q4 FY2026) | 231 exabytes, up 22% year-over-year; full-year FY2026 exabyte shipments up 25% year-over-year (Q4 FY2026 earnings call) |
| Free cash flow (FY2026) | $3.51 billion, up 145% year-over-year |
| International sales (FY2026) | 60% of net revenue, up from 55% in FY2025 (FY2026 Form 10-K) |
| Customer concentration (FY2026) | top 10 customers accounted for 73% of net revenue; top 3 individual customers were 16%, 15% and 13% (FY2026 Form 10-K) |
| Employees (as of July 3, 2026) | approximately 40,000 worldwide (FY2026 Form 10-K) |
Sources: Western Digital separated its Flash business (SanDisk) on February 21, 2025; all figures here are on a continuing-operations basis (the remaining HDD business only), as WDC now reports it. Total revenue, gross margin, operating income and net income are from WD's Q4/FY2026 earnings release (SEC 8-K Exhibit 99.1, filed August 5, 2026) and FY2026 Form 10-K (filed August 2026). WDC's FY2026 press release and 10-K disclose the Cloud end market's 89% revenue share but do not publish a full-year dollar table for Cloud/Client/Consumer; the pie below is built by summing the exact or CFO-stated quarterly Cloud/Client/Consumer dollar figures management gave on each of the four FY2026 quarterly earnings calls (Q1-Q4), so it carries normal quarter-to-quarter rounding. No segment-level operating income is disclosed since WDC now operates as a single reportable (HDD) segment. No credible, specifically-sourced third-party HDD market-share estimate could be confirmed within available searching, so market share is omitted.