WESTERN DIGITAL CORPORATION

WDC

CIK 0000106040 · Quarterly mode · latest period FY2026 (Q1) (ending 2026-04-03) · sourced from SEC EDGAR

At a glance · FY2026 (Q1)

Revenue
$3.34B
↑+45.5% +$1.04Bvs FY2025 (Q1)
Operating Income
$1.19B
↑+56.6% +$430Mvs FY2025 (Q1)
Net Income
$998M
Gross Profit
$1.68B
↑+83.8% +$764Mvs FY2025 (Q1)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Average
61/100
  • Profitability
    58ROIC 16.5% (10% = solid, 20%+ = moat)
  • Liquidity
    29Current Ratio 1.08 (above 1.5 = solid)
  • Leverage
    56D/E 0.89 (under 0.5 = conservative)
  • Efficiency
    23Asset Turnover 0.50x (1.0+ = capital-efficient)
  • Growth
    100Revenue YoY +45.5% (10% = solid, 25%+ = elite)
  • Margin Trend
    100Op Margin 35.7% · trend +6.2pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project WDC's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

19%

Trailing 3-yr CAGR was 19.1%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$94.84
Total enterprise IV
$34.05B
Diluted shares
0.36B
Terminal PV
$25.90B (76% of total)
Year-5 FCF
$3.05B
YearProjected FCFDiscounted PV
+1$1.52B$1.38B
+2$1.81B$1.50B
+3$2.16B$1.62B
+4$2.56B$1.75B
+5$3.05B$1.90B
Terminal$41.71B$25.90B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$381M
investment in PP&E
Dividends paid (TTM)
$164M
cash returned to holders
Stock buybacks (TTM)
$2.07B
share count reduction
Stock-based comp (TTM)
$204M
non-cash dilution

Balance sheet · 2026-04-03

latest filed snapshot
Total assets
$15.04B
everything owned
Total liabilities
$5.37B
everything owed
Stockholders' equity
$9.68B
shareholder claim
Net debt
$-469M
Net cash position ($469M)

Recent performance · 72 quarters

Revenue↑+45.5% +$1.04B
$3.34B
Net Income↑+516.3% +$2.69B
$3.21B
Free Cash Flow↑+158.0% +$599M
$978M
Operating Margin↑+2.5pts
35.7%

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