TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

WDC stock analysis: Western Digital

Western Digital (WDC) is an S&P 500 company in Technology Hardware, Storage & Peripherals. It grades weakest on momentum.

The model's view of WDC · subscribers

Where WDC ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with WDC · updated 2026-10-05 · from prices and SEC filings

WDC price performance

WDC against the S&P 500, one year
+0%+200%+400%WDC +279%S&P 500 +18%2025-09-292026-10-05
Year to date+156.6%S&P 500 +14.5% · ahead by 142.1 pts
1 year+237.0%S&P 500 +17.0% · ahead by 219.9 pts
3 years+1173.3%S&P 500 +89.3% · ahead by 1084.0 pts
5 years+930.7%S&P 500 +91.3% · ahead by 839.4 pts

Total returns with dividends reinvested.

WDC factor grades

Each grade compares WDC with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

BValueP/E 18.2x (industry 33.5x)FCF yield 2.2% (industry 3.3%)
BGrowthRevenue growth -3% (industry +20%)EPS growth +370% (industry +78%)
BProfitabilityOperating margin 34.5% (industry 30.8%)ROIC 50.8% (industry 58.6%)
C-Momentum12-month change +237%From 52-wk high -41%

WDC in plain numbers

WDC key statistics

SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
IndexS&P 500
Market value$159.2B
Revenue growth (y/y)-3%
Free-cash-flow yield2.2%
Dividend yield0.1%
Next earnings (expected)2026-10-29
Valuation measures
Market value$159.2B
Enterprise value$158.7B
P/E (trailing)18.2x
Forward P/E (Torvanta estimate)12.2x
PEG (Torvanta estimate)0.24
Price / sales12.3x
Price / book18.0x
EV / revenue12.3x
EV / EBITDA32.9x
Financial highlights
Revenue, last 12 months$12.9B
Net income, last 12 months$9.4B
EPS, last 12 months (GAAP)$24.23
Gross margin48.9%
Operating margin34.5%
Net margin72.9%
Return on equity133.0%
Return on invested capital50.8%
Cash$1.6B
Total debt$1.1B
Debt / equity0.12x
Free cash flow, last 12 months$3.5B
Interest cover27.0x
Current ratio1.33x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

WDC earnings trends

Revenue vs earnings
$0$1.1B$2.1B$3.2B$4.3BSep 2024 Revenue: $4.1BDec 2024 Revenue: $4.3BMar 2025 Revenue: $2.3BJun 2025 Revenue: $2.6BSep 2025 Revenue: $2.8BDec 2025 Revenue: $3.0BMar 2026 Revenue: $3.3BJun 2026 Revenue: $3.7BSep 2024 Net income: $493.0MDec 2024 Net income: $594.0MMar 2025 Net income: $520.0MJun 2025 Net income: $282.0MSep 2025 Net income: $1.2BDec 2025 Net income: $1.8BMar 2026 Net income: $3.2BJun 2026 Net income: $3.2BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 12.0%Net margin: 13.9%Net margin: 22.7%Net margin: 10.8%Net margin: 41.9%Net margin: 61.1%Net margin: 96.0%Net margin: 85.3%0%48%96%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$2.1$4.1$6.2$8.2Sep 2024 EPS (GAAP, diluted): $1.4Dec 2024 EPS (GAAP, diluted): $1.6Mar 2025 EPS (GAAP, diluted): $1.4Jun 2025 EPS (GAAP, diluted): $0.8Sep 2025 EPS (GAAP, diluted): $3.1Dec 2025 EPS (GAAP, diluted): $4.7Mar 2026 EPS (GAAP, diluted): $8.2Jun 2026 EPS (GAAP, diluted): $8.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +127% · Dec 2025 +190% · Mar 2026 +477% · Jun 2026 +997%

From the company's 10-Q and 10-K filings with the SEC.

Western Digital financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$18.8B$12.3B$11.2B$13.3B$12.9B
Net income$1.5B-$1.7B-$798.0M$1.9B$9.4B
EPS (GAAP)$4.76$-5.44$-2.68$5.15$24.23
Free cash flow$758.0M-$1.2B-$781.0M$1.3B$3.5B

WDC earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$8.23+997%+44%-17.3%
2026-04-30$8.20+477%+45%+3.3%
2026-01-29$4.73+190%-30%-10.0%
2025-10-30$3.07+127%-31%+7.0%
2025-07-30$0.75+838%+30%+11.9%
2025-04-30$1.42+318%-34%+7.4%

About Western Digital

HeadquartersSan Jose, CA
Industry (SEC code)Computer Storage Devices
Fiscal year endsJuly 3
Incorporated inDE
Listed onNasdaq

From the company's SEC registration record.

Companies similar to WDC

CompanyMarket valueP/ERevenue growthOperating margin12-month change
WDC Western Digital$159.2B18.2x-3%34.5%+237%
STX Seagate$201.1B63.8x+34%33.6%+253%compare
SNDK Sandisk$249.5B23.3x+175%61.2%+1227%compare
HPE Hewlett Packard Enterprise$90.7B35.4x+27%6.2%+185%compare
P Everpure$47.9B197.1x+27%5.3%+66%
NTAP NetApp$44.0B31.6x-1%28.5%+91%
HPQ HP Inc$28.4B12.1x+8%5.4%+24%

All Information Technology stock ratings

Frequently asked questions

Is WDC stock a buy?

Torvanta does not tell individuals what to buy. Its grades for WDC are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is WDC's P/E ratio?

WDC trades at about 18.2 times its last 12 months of GAAP earnings reported to the SEC, and about 12.2 times Torvanta's own estimate of the next 12 months.

When does WDC report earnings next?

Based on its filing history, Torvanta expects Western Digital to report around 2026-10-29.

Does WDC pay a dividend?

Yes. Its dividend yield is about 0.1%.

How has WDC performed against the S&P 500?

Over the past year WDC returned +237.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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