Company Analysis

Western Digital Corporation (WDC)

Nasdaq: WDC · Computer Storage Devices · San Jose, CA · filing with the SEC since 1994
Grade6.0
◀ Past 3.0● Present 6.6▶ Future 8.1
1 est.

The grade of Western Digital Corporation

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past3.030% of the headline
● Present6.640% of the headline
▶ Future8.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.6/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2024-02-08.

weight 33% of this tense · 26th percentile among 68 sector filers · read for itself

From the record

Western Digital Corporation's filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-02-08) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.8/10

What has it actually done, year after year?

-4.2% a year over 10 filed years; profitable in 6 of 10.

weight 45% of this tense · 28th percentile among 64 sector filers · read for its customers

From the record

Western Digital Corporation's 10 filed years say what it did: revenue went from $19 billion in fiscal 2017 to $13 billion in fiscal 2026, down 4.2% a year; it rose in 7 of 9 years; the deepest fall was 70% from fiscal 2018 to fiscal 2023; net income was positive in 6 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-4.2%bottom 10% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profitbottom 25% of its family
  • the deepest fall from a revenue peak69.7%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.2/10

How has it treated the people who own it?

Share count grew 6.4% a year. 56% of cash flow returned. Insiders: 237 sales, 0 purchases.

weight 22% of this tense · 42nd percentile among 57 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-07-03, Western Digital Corporation's diluted share count grew about 6.4% a year, and dividends and buybacks returned about 56% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 237 sales (219 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 9% of its family
  • cash returned against operating cash flowtop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.6/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
7.0/10

Is it financially healthy right now?

ROE 106%: 106¢ of profit per shareholder dollar. Leverage 36%: owes 36¢ per asset dollar.

weight 45% of this tense · 70th percentile among 65 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-07-03, Western Digital Corporation earned about 106 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 46 cents per dollar of everything the company owns. Leverage: it owed about 36 cents per dollar of assets, and net share issuance: its share count grew 6.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 18% of its family
  • return on equitytop 2% of its family
  • gross profit against assetstop 10% of its family
  • the share count against the year beforebottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
9.4/10

How strong is its position in its industry?

top 6% of 63 in its family; net margin 72.9%.

weight 33% of this tense · 94th percentile among 63 sector filers · read for its customers

From the record

Western Digital Corporation's standing among 63 graded names in its industry family: revenue of $13 billion in fiscal 2026 ranks in the top 14% by size; a net margin of 72.9% ranks in the top 1%; revenue growth of 27.3% a year over the last 3 filed years ranks in the top 4% (its annual reports).

What it rests on

  • revenue against the family$12.92Btop 14% of its family
  • net margin72.9%top 1% of its family
  • three-year revenue growth27.3%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
1.5/10

What are the people in charge doing?

SI estimate 1.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 15th percentile among 62 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 15% of 62 in its family; the record of its people begins on 2025-02-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.7 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2025-02-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.7 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 62 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Western Digital Corporation's leadership is put at 1.5 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 15% of 62 in its family; the record of its people begins on 2025-02-28 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.7 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

8.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
9.1/10

How much room does it have to grow?

top 9% of 63 in its family for room to expand.

weight 45% of this tense · 91st percentile among 63 sector filers · read for itself

From the record

Western Digital Corporation's room to grow, from the newest filed statements (fiscal 2026): cash of $1.6 billion against debt of $0 thousand leaves 11.4% of its assets as net cash, top 12% of its family; cash from operations less capital spending is 27.2% of revenue (top 4%); a gross margin of 48.9% (top 10%); research spending of 9% of revenue (top 12%) (its annual report).

What it rests on

  • cash less debt against assets11.4%top 12% of its family
  • cash from operations less capital spending against revenue27.2%top 4% of its family
  • gross margin48.9%top 10% of its family
  • research spending against revenue9.0%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.4/10

What could actually drive growth from here?

top 36% of 64 in its family for growth drivers.

weight 33% of this tense · 64th percentile among 64 sector filers · read for its customers

From the record

Western Digital Corporation's growth drivers, from the filed years to fiscal 2026: revenue grew 27.3% a year over the last three filed years against -4.2% over all 10, speeding up (top 1% of its family); the newest year grew 35.1% (top 7%); research spending grew 5.6% a year (bottom 49%); capital spending grew -20.1% a year (bottom 13%) (its annual reports). Western Digital Corporation reported 3 product lines in fiscal 2026: Cloud at $11 billion (89%), Client Devices at $726 million (6%), Consumer at $703 million (5%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+31.5 points a yeartop 1% of its family
  • the newest year's revenue growth35.1%top 7% of its family
  • three-year growth of research spending5.6%bottom 49% of its family
  • three-year growth of capital spending-20.1%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.7/10

Did its newest year beat what its own record pointed to?

top 13% of 62 in its family for expectations against reality.

weight 22% of this tense · 87th percentile among 62 sector filers · read for its shareholders

From the record

Western Digital Corporation's newest year against its own record: revenue of $13 billion in fiscal 2026 came in 9.9% above the $12 billion its prior three years' pace pointed to (top 36% of its family); net income of $9.4 billion against a prior three-year average of $198 million (top 3%); a net margin of 72.9% against -6.6% before (top 1%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace9.9%top 36% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 3% of its family
  • net margin against its prior average+79.5 pointstop 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WDC · research, not advice