Western Digital Corp. (WDC) financial statements: income statement, balance sheet and cash flow

Western Digital Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jul 3, 2026 · FY), Western Digital Corp. reported revenue of $12.9B (+35.7% year on year) and net income of $9.4B (+473.6% year on year).

Income statement

Western Digital Corp. income statement, fiscal years

Line item	Jul 3, 2026 · FY	Jun 27, 2025 · FY	Jun 28, 2024 · FY	Jun 30, 2023 · FY
Revenue, net	$12.9B	$9.5B	$13.0B	$12.3B
Cost of revenue	$6.6B	$5.8B	$10.1B	$10.4B
Gross profit	$6.3B	$3.7B	$2.9B	$1.9B
Research and development	$1.2B	$994.0M	$1.9B	$2.0B
Selling, general and administrative	$551.0M	$568.0M	$828.0M	$970.0M
Litigation matter	$0	($198.0M)	$291.0M	—
Business realignment charges (credits)	$146.0M	($6.0M)	—	—
Total operating expenses	$1.9B	$1.4B	$3.3B	$3.2B
Operating income (loss)	$4.5B	$2.3B	($317.0M)	($1.3B)
Interest income	$51.0M	$45.0M	$39.0M	$24.0M
Interest expense	($165.0M)	($357.0M)	($417.0M)	($312.0M)
Gain (loss) on retained interest in Sandisk	$6.5B	($772.0M)	—	—
Costs in connection with debt-for-equity exchange	($545.0M)	($100.0M)	—	—
Costs in connection with convertible notes transactions	($108.0M)	—	—	—
Costs in connection with equity-for-equity exchanges	($254.0M)	—	—	—
Other income (expense), net	($25.0M)	($20.0M)	$34.0M	$13.0M
Total interest and other income (expense), net	$5.5B	($1.2B)	($344.0M)	($275.0M)
Income (loss) before taxes	$9.9B	$1.1B	($661.0M)	($1.6B)
Income tax expense (benefit)	$481.0M	($513.0M)	$137.0M	$146.0M
Net income (loss) from discontinued operations, net of taxes	$0	$246.0M	—	—
Net income (loss) from continuing operations	$9.4B	$1.6B	—	—
Continuing operations - basic (in dollars per share)	$26.92	$4.61	—	—
Discontinued operations - basic (in dollars per share)	$0.00	$0.70	—	—
Net income (loss) per share - basic (in dollars per share)	$26.92	$5.31	-$2.61	-$5.44
Continuing operations - diluted (in dollars per share)	$24.28	$4.45	—	—
Discontinued operations - diluted (in dollars per share)	$0.00	$0.67	—	—
Net income (loss) per share - diluted (in dollars per share)	$24.28	$5.12	-$2.61	-$5.44

Western Digital Corp. income statement, quarters

Line item	Oct 2, 2026 · Q1	Apr 3, 2026 · Q3	Jan 2, 2026 · Q2	Oct 3, 2025 · Q1
Revenue, net	$4.4B	$3.3B	$3.0B	$2.8B
Cost of revenue	$1.8B	$1.7B	$1.6B	$1.6B
Gross profit	$2.5B	$1.7B	$1.4B	$1.2B
Research and development	$283.0M	$294.0M	$289.0M	$294.0M
Selling, general and administrative	$162.0M	$147.0M	$128.0M	$138.0M
Business realignment charges	$43.0M	$45.0M	$55.0M	$3.0M
Total operating expenses	$488.0M	$486.0M	$472.0M	$435.0M
Operating income	$2.0B	$1.2B	$908.0M	$792.0M
Interest income	$7.0M	$12.0M	$12.0M	$17.0M
Interest expense	($11.0M)	($38.0M)	($54.0M)	($59.0M)
Gain on retained interest in Sandisk	$0	$2.7B	$1.1B	$611.0M
Other expense, net	($4.0M)	$6.0M	($7.0M)	($24.0M)
Total interest and other income (expense), net	($8.0M)	$2.2B	$1.1B	$545.0M
Income before taxes	$2.0B	$3.4B	$2.0B	$1.3B
Income tax expense	$259.0M	$154.0M	$120.0M	$155.0M
Net income	$1.8B	$3.2B	$1.8B	$1.2B
Dividends allocated to preferred shareholders	$0	—	—	—
Income attributable to participating securities	$0	—	—	—
Basic net income attributable to common shareholders	$1.8B	—	—	—
Re-allocation of participating securities considered potentially dilutive	$0	—	—	—
Diluted net income attributable to common shareholders	$1.8B	—	—	—
Basic (in shares)	366.0M	—	—	—
Diluted (in shares)	384.0M	—	—	—
Basic (in dollars per share)	$4.86	$9.26	$5.27	$3.34
Diluted (in dollars per share)	$4.63	$8.20	$4.73	$3.07

Balance sheet

Western Digital Corp. balance sheet, fiscal years

Line item	Jul 3, 2026 · FY	Jun 27, 2025 · FY	Jun 28, 2024 · FY	Jun 30, 2023 · FY
Cash and cash equivalents	$1.6B	$2.1B	$1.9B	$2.0B
Accounts receivable, net	$2.0B	$1.5B	$2.2B	$1.6B
Inventories	$1.5B	$1.3B	$3.3B	$3.7B
Retained interest in Sandisk	$0	$354.0M	—	—
Other current assets	$518.0M	$611.0M	$673.0M	$567.0M
Total current assets	$5.6B	$5.9B	$8.1B	$7.9B
Property, plant and equipment, net	$2.5B	$2.3B	$3.2B	$3.6B
Goodwill	$4.3B	$4.3B	$10.0B	$10.0B
Other non-current assets	$1.4B	$1.5B	$1.9B	$1.5B
Total assets	$13.9B	$14.0B	$24.2B	$24.4B
Accounts payable	$1.8B	$1.3B	$1.7B	$1.6B
Accrued expenses	$690.0M	$719.0M	$1.5B	$1.3B
Income taxes payable	$173.0M	$800.0M	$525.0M	$999.0M
Accrued compensation	$551.0M	$407.0M	$608.0M	$349.0M
Current portion of long-term debt	$1.1B	$2.2B	$1.8B	$1.2B
Total current liabilities	$4.2B	$5.4B	$6.1B	$5.4B
Long-term debt	$0	$2.5B	$5.7B	$5.9B
Other liabilities	$757.0M	$559.0M	$1.4B	$1.4B
Total liabilities	$5.0B	$8.5B	$13.1B	$12.7B
Convertible preferred stock	$0	$229.0M	$229.0M	$876.0M
Common stock	$4.0M	—	—	—
Additional paid-in capital	$961.0M	$4.6B	$4.8B	$3.9B
Accumulated other comprehensive income	$23.0M	$20.0M	($712.0M)	($516.0M)
Retained earnings	$10.0B	$762.0M	$6.8B	$7.4B
Treasury stock	($2.1B)	($95.0M)	—	—
Total shareholders’ equity	$8.9B	$5.3B	$10.8B	$10.8B
Total liabilities, convertible preferred stock and shareholders’ equity	$13.9B	$14.0B	$24.2B	$24.4B

Western Digital Corp. balance sheet, quarters

Line item	Oct 2, 2026	Apr 3, 2026	Jan 2, 2026	Oct 3, 2025
Cash and cash equivalents	$1.3B	$2.0B	$2.0B	$2.0B
Accounts receivable, net	$2.2B	$1.9B	$1.7B	$1.4B
Inventories	$1.8B	$1.4B	$1.3B	$1.4B
Other current assets	$541.0M	$423.0M	$454.0M	$514.0M
Total current assets	$5.9B	$6.9B	$7.5B	$6.3B
Property, plant and equipment, net	$2.6B	$2.4B	$2.4B	$2.3B
Goodwill	$4.3B	$4.3B	$4.3B	$4.3B
Other non-current assets	$1.5B	$1.4B	$1.4B	$1.4B
Total assets	$14.2B	$15.0B	$15.6B	$14.4B
Accounts payable	$1.9B	$1.6B	$1.5B	$1.5B
Accrued expenses	$675.0M	$766.0M	$771.0M	$703.0M
Accrued compensation	$469.0M	$501.0M	$459.0M	$413.0M
Income taxes payable	$304.0M	$202.0M	$223.0M	$298.0M
Debt, current	$789.0M	$1.6B	$2.2B	$2.2B
Total current liabilities	$4.1B	$4.6B	$5.2B	$5.2B
Other liabilities	$799.0M	$728.0M	$666.0M	$612.0M
Total liabilities	$4.9B	$5.4B	$8.3B	$8.2B
Common stock	$4.0M	$3.0M	$3.0M	$3.0M
Additional paid-in capital	$66.0M	$3.7B	$4.5B	$4.5B
Accumulated other comprehensive income	$24.0M	$3.0M	$18.0M	$14.0M
Retained earnings	$9.3B	$6.9B	$3.7B	$1.9B
Treasury stock	($15.0M)	($931.0M)	($1.1B)	($583.0M)
Total shareholders’ equity	$9.3B	$9.7B	$7.1B	$5.9B
Total liabilities and shareholders’ equity	$14.2B	$15.0B	$15.6B	$14.4B

Cash flow statement

Western Digital Corp. cash flow statement, fiscal years

Line item	Jul 3, 2026 · FY	Jun 27, 2025 · FY	Jun 28, 2024 · FY	Jun 30, 2023 · FY
Net income	$9.4B	$1.9B	($798.0M)	($1.7B)
Depreciation and amortization	$375.0M	$451.0M	$568.0M	$828.0M
Stock-based compensation	$204.0M	$265.0M	$295.0M	$318.0M
Deferred income taxes	$129.0M	($745.0M)	($161.0M)	($34.0M)
Gain on disposal of assets	$0	($2.0M)	($87.0M)	($7.0M)
Non-cash asset impairment	$35.0M	$2.0M	$158.0M	$19.0M
Gain on business divestiture	$0	($113.0M)	$0	$0
Gain (loss) on retained interest in Sandisk	($6.5B)	$772.0M	—	—
Costs in connection with debt-for-equity exchange	$545.0M	$100.0M	—	—
Costs in connection with convertible notes transactions	$108.0M	—	—	—
Costs in connection with equity-for-equity exchanges	$254.0M	—	—	—
Other non-cash operating activities, net	$11.0M	$80.0M	$19.0M	$71.0M
Accounts receivable, net	($541.0M)	$79.0M	($568.0M)	$1.2B
Inventories	($218.0M)	($409.0M)	$356.0M	($60.0M)
Accounts payable	$385.0M	$307.0M	$244.0M	($459.0M)
Accounts payable to related parties	$0	($39.0M)	$21.0M	($28.0M)
Accrued expenses	($31.0M)	($366.0M)	$197.0M	($352.0M)
Income taxes payable	($627.0M)	$348.0M	($474.0M)	$130.0M
Accrued compensation	$144.0M	($46.0M)	$259.0M	($162.0M)
Other assets and liabilities, net	$230.0M	($905.0M)	($342.0M)	($185.0M)
Net cash provided by (used in) operating activities	$3.9B	$1.7B	($294.0M)	($408.0M)
Purchases of property, plant and equipment	($418.0M)	($412.0M)	($487.0M)	($821.0M)
Proceeds from the sale of property, plant and equipment	$0	$5.0M	$195.0M	$14.0M
Net proceeds from business divestiture	$0	$401.0M	$0	$0
Notes receivable issuances to Flash Ventures	$0	($266.0M)	($243.0M)	($627.0M)
Notes receivable proceeds from Flash Ventures	$0	$239.0M	$482.0M	$641.0M
Distribution from Flash Ventures	$0	$175.0M	—	—
Strategic investments and other, net	($11.0M)	$8.0M	$26.0M	$31.0M
Net cash provided by (used in) investing activities	($429.0M)	$150.0M	($27.0M)	($762.0M)
Issuance of stock under employee stock plans	64.0M	77.0M	80.0M	93.0M
Taxes paid on vested stock awards under employee stock plans	($376.0M)	($113.0M)	($88.0M)	($80.0M)
Purchase of capped calls	$0	$0	($155.0M)	—
Proceeds from convertible preferred stock, net of issuance costs	$0	$0	($5.0M)	$881.0M
Repurchases of common stock	($2.6B)	($149.0M)	—	—
Dividends paid to common shareholders	($174.0M)	—	—	—
Dividends paid to preferred shareholders	($10.0M)	—	—	—
Settlement of convertible notes transactions	($1.2B)	—	—	—
Debt issuance and equity transaction costs	($6.0M)	—	—	—
Repurchases of debt	$0	$0	($505.0M)	—
Repayment of debt	($1.7B)	($2.1B)	($2.1B)	($1.2B)
Proceeds from debt	$1.9B	$2.1B	—	—
Cash transferred to Sandisk related to Separation	$0	($1.4B)	—	—
Net cash provided by (used in) financing activities	($4.0B)	($1.6B)	$187.0M	$875.0M
Effect of exchange rate changes on cash	($3.0M)	$6.0M	($10.0M)	($9.0M)
Net increase (decrease) in cash and cash equivalents	($535.0M)	$235.0M	($144.0M)	($304.0M)

Western Digital Corp. cash flow statement, quarters

Line item	Oct 2, 2026 · Q1	Apr 3, 2026 · YTD	Jan 2, 2026 · YTD	Oct 3, 2025 · Q1
Net income	$1.8B	$6.2B	$3.0B	$1.2B
Depreciation and amortization	$104.0M	$276.0M	$180.0M	$88.0M
Stock-based compensation	$79.0M	$159.0M	$106.0M	$53.0M
Deferred income taxes	($30.0M)	$131.0M	$84.0M	$55.0M
Gain on retained interest in Sandisk	$0	($4.4B)	($1.7B)	($611.0M)
Other non-cash operating activities, net	$3.0M	$16.0M	$12.0M	$4.0M
Accounts receivable, net	($206.0M)	($408.0M)	($199.0M)	$131.0M
Inventories	($269.0M)	($64.0M)	($55.0M)	($101.0M)
Accounts payable	$52.0M	$289.0M	$219.0M	$248.0M
Accrued expenses	($14.0M)	$29.0M	$42.0M	($21.0M)
Accrued compensation	($83.0M)	$94.0M	$51.0M	$6.0M
Income taxes payable	$131.0M	($598.0M)	($577.0M)	($503.0M)
Other assets and liabilities, net	$58.0M	$290.0M	$244.0M	$141.0M
Net cash provided by operating activities	$1.6B	$2.5B	$1.4B	$672.0M
Purchases of property, plant and equipment	($227.0M)	($310.0M)	($165.0M)	($73.0M)
Strategic investments and other, net	$2.0M	($8.0M)	($8.0M)	$16.0M
Net cash used in investing activities	($225.0M)	($318.0M)	($173.0M)	($57.0M)
Taxes paid on vested stock awards under employee stock plans	($317.0M)	($197.0M)	($95.0M)	($55.0M)
Repurchases of common stock	($1.0B)	($1.9B)	($1.2B)	($553.0M)
Dividends paid to common shareholders	($56.0M)	($120.0M)	($77.0M)	($34.0M)
Dividends paid to preferred shareholders	$0	($10.0M)	($10.0M)	($5.0M)
Settlement of convertible notes transactions	($570.0M)	—	—	—
Repayments of debt	($600.0M)	($1.6B)	($63.0M)	($31.0M)
Proceeds from debt	$900.0M	$1.5B	$0	$0
Net cash used in financing activities	($1.6B)	($2.3B)	($1.4B)	($678.0M)
Effect of exchange rate changes on cash	$0	($3.0M)	($2.0M)	($3.0M)
Net decrease in cash and cash equivalents	($265.0M)	($64.0M)	($139.0M)	($66.0M)
Cash and cash equivalents, beginning of period	$1.6B	$2.1B	$2.1B	$2.1B
Cash and cash equivalents, end of period	$1.3B	$2.0B	$2.0B	$2.0B
Cash paid for income taxes	$36.0M	$636.0M	$524.0M	$446.0M
Cash paid for interest	$6.0M	$144.0M	$104.0M	$50.0M

Western Digital Corp. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.