Western Digital Corporation (WDC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 3.34B | 3.02B | 2.82B | 2.6B | 2.29B | 4.29B | 2.21B | 2B | 1.75B | 3.03B | 2.75B | 2.67B | 2.8B | 3.11B | 3.74B | 4.53B | 4.38B | 4.83B | 5.05B | 4.92B |
| Revenue Growth % | 45.47% | -29.59% | 27.4% | 29.99% | 30.94% | 41.33% | -19.56% | -25% | -37.5% | -2.41% | -26.39% | -40.99% | -36.02% | -35.71% | -26.03% | -7.97% | 5.9% | 22.57% | 28.79% | 14.77% |
| Cost of Goods Sold | 1.66B | 1.64B | 1.59B | 1.54B | 1.38B | 2.77B | 1.41B | 1.06B | 1.23B | 2.54B | 2.65B | 2.58B | 2.52B | 2.58B | 2.75B | 3.08B | 3.2B | 3.25B | 3.39B | 3.35B |
| COGS % of Revenue | 49.78% | 54.26% | 56.46% | 59.04% | 60.24% | 64.62% | 63.56% | 53.04% | 70.38% | 83.77% | 96.4% | 96.56% | 89.8% | 83.01% | 73.74% | 68.09% | 73.04% | 67.25% | 67.04% | 68.17% |
| Gross Profit | 1.68B | 1.38B | 1.23B | 1.07B | 912M | 1.52B | 806M | 941M | 519M | 492M | 99M | 92M | 286M | 528M | 981M | 1.45B | 1.18B | 1.58B | 1.67B | 1.57B |
| Gross Margin % | 50.22% | 45.74% | 43.54% | 40.96% | 39.76% | 35.38% | 36.44% | 46.96% | 29.62% | 16.23% | 3.6% | 3.44% | 10.2% | 16.99% | 26.26% | 31.91% | 26.96% | 32.75% | 32.96% | 31.83% |
| Gross Profit Growth % | 83.77% | -8.97% | 52.23% | 13.39% | 75.72% | 208.13% | 714.14% | 922.83% | 81.47% | -6.82% | -89.91% | -93.63% | -75.78% | -66.65% | -41.08% | -7.73% | 8.25% | 64.9% | 84.18% | 44.6% |
| Operating Expenses | 486M | 417M | 435M | 387M | 152M | 664M | 466M | 451M | 425M | 702M | 695M | 742M | 758M | 849M | 823M | 883M | 857M | 856M | 887M | 891M |
| OpEx % of Revenue | 14.56% | 13.82% | 15.44% | 14.86% | 6.63% | 15.5% | 21.07% | 22.5% | 24.26% | 23.15% | 25.27% | 27.77% | 27.04% | 27.33% | 22.03% | 19.5% | 19.56% | 17.71% | 17.56% | 18.11% |
| Selling, General & Admin | 147M | 128M | 138M | 124M | 108M | 238M | 204M | 184M | 176M | 198M | 207M | 231M | 242M | 250M | 247M | 266M | 281M | 279M | 291M | 297M |
| SG&A % of Revenue | 4.41% | 4.24% | 4.9% | 4.76% | 4.71% | 5.55% | 9.22% | 9.18% | 10.05% | 6.53% | 7.53% | 8.65% | 8.63% | 8.05% | 6.61% | 5.87% | 6.41% | 5.77% | 5.76% | 6.04% |
| Research & Development | 294M | 289M | 294M | 262M | 245M | 502M | 262M | 267M | 243M | 444M | 431M | 458M | 476M | 523M | 552M | 598M | 572M | 575M | 578M | 598M |
| R&D % of Revenue | 8.81% | 9.58% | 10.43% | 10.06% | 10.68% | 11.72% | 11.84% | 13.32% | 13.87% | 14.64% | 15.67% | 17.14% | 16.98% | 16.83% | 14.78% | 13.21% | 13.06% | 11.9% | 11.44% | 12.15% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | -1000K | -1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Operating Income | 1.19B | 963M | 792M | 680M | 760M | 852M | 340M | 490M | 94M | -210M | -596M | -650M | -472M | -321M | 158M | 562M | 324M | 727M | 778M | 675M |
| Operating Margin % | 35.66% | 31.92% | 28.11% | 26.1% | 33.13% | 19.88% | 15.37% | 24.45% | 5.37% | -6.93% | -21.67% | -24.33% | -16.84% | -10.33% | 4.23% | 12.41% | 7.4% | 15.04% | 15.4% | 13.72% |
| Operating Income Growth % | 56.58% | 13.03% | 132.94% | 38.78% | 708.51% | 505.71% | 157.05% | 175.38% | 119.92% | 34.58% | -477.22% | -215.66% | -245.68% | -144.15% | -79.69% | -16.74% | 2.21% | 360.13% | 1011.43% | 158.62% |
| EBITDA | 1.29B | 1.05B | 880M | 766M | 870M | 972M | 475M | 573M | 234M | -67M | -449M | -465M | -259M | -107M | 374M | 783M | 540M | 969M | 1.03B | 926M |
| EBITDA Margin % | 38.54% | 34.97% | 31.23% | 29.4% | 37.92% | 22.68% | 21.47% | 28.59% | 13.36% | -2.21% | -16.33% | -17.4% | -9.24% | -3.44% | 10.01% | 17.29% | 12.33% | 20.05% | 20.35% | 18.82% |
| EBITDA Growth % | 47.82% | 8.54% | 85.26% | 33.68% | 271.79% | 1550.75% | 205.79% | 223.23% | 190.35% | 37.38% | -220.05% | -159.39% | -147.96% | -111.04% | -63.62% | -15.44% | -4.93% | 96.15% | 131.53% | 45.14% |
| D&A (Non-Cash Add-back) | 96M | 92M | 88M | 86M | 110M | 120M | 135M | 83M | 140M | 143M | 147M | 185M | 213M | 214M | 216M | 221M | 216M | 242M | 250M | 251M |
| EBIT | 1.19B | 1.96B | 1.4B | 421M | 165M | 836M | 342M | -91M | 96M | -151M | -584M | -641M | -448M | -308M | 154M | 586M | 337M | 722M | 782M | 676M |
| Net Interest Income | 0 | -42M | 486M | -54M | -81M | -84M | -90M | -94M | -98M | -96M | -90M | -80M | -70M | -70M | -68M | -73M | -74M | -75M | -76M | -79M |
| Interest Income | 0 | 12M | 545M | 20M | 10M | 11M | 9M | 9M | 10M | 12M | 8M | 9M | 10M | 3M | 2M | 2M | 1M | 1M | 2M | 1M |
| Interest Expense | 0 | 54M | 59M | 74M | 91M | 95M | 99M | 103M | 108M | 108M | 98M | 89M | 80M | 73M | 70M | 75M | 75M | 76M | 78M | 80M |
| Other Income/Expense | 2.17B | 999M | 545M | -333M | -686M | -111M | -97M | -683M | -106M | -49M | -86M | -80M | -56M | -60M | -74M | -51M | -62M | -81M | -74M | -79M |
| Pretax Income | 3.36B | 1.96B | 1.34B | 347M | 74M | 741M | 243M | -193M | -12M | -259M | -682M | -730M | -528M | -381M | 84M | 511M | 262M | 646M | 704M | 596M |
| Pretax Margin % | 100.66% | 65.03% | 47.45% | 13.32% | 3.23% | 17.29% | 10.99% | -9.63% | -0.68% | -8.54% | -24.8% | -27.32% | -18.84% | -12.26% | 2.25% | 11.29% | 5.98% | 13.37% | 13.94% | 12.11% |
| Income Tax | 154M | 120M | 155M | 95M | -698M | 147M | 90M | 53M | -4M | 28M | 3M | -15M | 43M | 70M | 57M | 210M | 237M | 82M | 94M | -26M |
| Effective Tax Rate % | 4.58% | 6.12% | 11.59% | 27.38% | -943.24% | 19.84% | 37.04% | -27.46% | 33.33% | -10.81% | -0.44% | 2.05% | -8.14% | -18.37% | 67.86% | 41.1% | 90.46% | 12.69% | 13.35% | -4.36% |
| Net Income | 3.21B | 1.84B | 1.18B | 257M | 524M | 594M | 493M | 39M | 127M | -287M | -685M | -715M | -571M | -451M | 27M | 301M | 25M | 564M | 610M | 622M |
| Net Margin % | 96.04% | 61.05% | 41.94% | 9.87% | 22.84% | 13.86% | 22.29% | 1.95% | 7.25% | -9.47% | -24.91% | -26.76% | -20.37% | -14.52% | 0.72% | 6.65% | 0.57% | 11.67% | 12.08% | 12.64% |
| Net Income Growth % | 511.64% | 210.1% | 139.76% | 558.97% | 312.6% | 306.97% | 171.97% | 105.45% | 122.24% | 36.36% | -2637.04% | -337.54% | -2384% | -179.96% | -95.57% | -51.61% | -87.31% | 809.68% | 1116.67% | 320.27% |
| Net Income (Continuing) | 3.21B | 1.84B | 1.18B | 252M | 772M | 594M | 153M | -246M | -8M | -287M | -685M | -715M | -571M | -451M | 27M | 301M | 25M | 564M | 610M | 622M |
| Discontinued Operations | 0 | 0 | 0 | 1000K | -1000K | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 8.52 | 4.73 | 3.07 | 0.76 | 1.42 | 1.63 | 1.35 | 0.09 | 0.34 | -0.93 | -2.17 | -2.27 | -1.82 | -1.40 | 0.08 | 0.95 | 0.08 | 1.79 | 1.93 | 1.97 |
| EPS Growth % | 500% | 190.18% | 127.41% | 772.56% | 317.65% | 275.27% | 162.21% | 103.84% | 118.68% | 33.57% | -2665.01% | -338.95% | -2375% | -178.21% | -95.62% | -51.78% | -87.3% | 795% | 1065% | 302.04% |
| EPS (Basic) | 9.29 | 5.27 | 3.34 | 0.79 | 1.46 | 1.68 | 1.40 | 0.09 | 0.35 | -0.93 | -2.17 | -2.27 | -1.82 | -1.40 | 0.09 | 0.96 | 0.08 | 1.81 | 1.97 | 2.03 |
| Diluted Shares Outstanding | 376M | 376M | 376M | 362M | 358M | 357M | 357M | 349M | 335M | 325M | 323M | 321M | 319M | 318M | 319M | 318M | 316M | 315M | 316M | 315M |
| Basic Shares Outstanding | 345M | 345M | 345M | 348M | 348M | 346M | 344M | 333M | 326M | 325M | 323M | 321M | 319M | 318M | 316M | 314M | 313M | 312M | 310M | 307M |
| Dividend Payout Ratio | 1.34% | 2.61% | 3.3% | 17.12% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |