COMPOSITE RISK SCORE
59
MODERATE
VAL:7/25 · FIN:19/25 · GRO:15/25 · TECH:18/25
📖 P/B RATIO
18.4x
Price to Book
🏛 MARKET CAP
$131.4B
Large Cap
📊 ROE
41.1%
Return on Equity
Overview
Technical
Financials
Analysis
Verdict
🏢 Company Analysis · Western Digital Corporation
💼 BUSINESS MODEL
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa.. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories.. It sells its data storage devices and solutions through its computer manufacturers, sales personnel, dealers, distributors, and retailers.. The company has a collaboration with Open Quantum Design for the development of quantum error correction technology and related systems to advance reliable quantum computing.. Operates in Computer Hardware within the Technology sector. Workforce of 40,000 employees.
🏰 MOAT & COMPETITION
Large-cap ($131B) — established player with meaningful market presence. ROE of 41.1% indicates strong competitive advantage and efficient capital deployment. Profit margin of 35.6% suggests pricing power / cost moat.
🚀 CATALYSTS
Revenue growing at 25% — strong top-line momentum. Earnings growth of 190% signals execution on profitability.
⚖️ ASYMMETRY CHECK
Analyst target range: $182 — $540 (mean $372, 23 analysts). Unfavorable asymmetry — limited upside +40% vs downside -53% (0.8x).P/E of 36.3x — fair value territory; catalysts needed for re-rating.
🔭 FUTURE OUTLOOK
Analyst consensus: Buy (23 analysts). Latest quarter earnings grew 210% YoY — positive trajectory.
P/E at 36x
P/B at 18.4x
Analyst target: $371.70 (-3.3%)
1Y return: +843.7%
ROE: 41.1%
Profit margin: 35.6%
Revenue growth: 25.2%
Debt/Equity: 65%
Revenue growth: 25.2%
Earnings growth: 189.6%
Beta: 1.83
Sector: Technology
RSI, MACD, MA crossovers
200 DMA & 50 EMA position
Volume trend analysis
Price momentum signals
📈 Price Movement
1D 1W 1M
6M 1Y 3Y 5Y
🕯 Candlestick Chart
1D 1W 1M
6M 1Y 3Y 5Y
🎯 Price Prediction · Analyst Target Cone
📉 Valuation Trends (at current CMP)
P/E P/B MCap/Sales EPS
93.0
85.7
78.4
71.1
63.8
2022
2025
2022: 80.9 2025: 75.1 75.1
27.1
22.6
18.1
13.6
9.1
2022
2023
2024
2025
2022: 10.7 2023: 11.0 2024: 11.8 2025: 23.5 23.5
24.2
19.6
15.1
10.5
5.9
2022
2023
2024
2025
2022: 7.0 2023: 21.0 2024: 20.8 2025: 13.8 13.8
5.9
5.4
5.0
4.5
4.0
2022
2025
2022: 4.8 2025: 5.1 5.1
💎 Valuation & Financial Metrics
P/E RATIO
36.3x
Trailing twelve months
P/B RATIO
18.4x
Price to Book value
PROFIT MARGIN
35.6%
Net profit margin
OPM
31.9%
Operating profit margin
ANALYST TARGET
$371.70
Range: $182.00 - $540.00
PEG RATIO
0.81
Price/Earnings to Growth
EV/EBITDA
40.8x
Enterprise value ratio
CURRENT RATIO
1.46
Liquidity measure
DIVIDEND YIELD
12.00%
Annual yield
GROSS MARGIN
42.7%
Gross profit margin
SECTOR BENCHMARKS — COMPUTER HARDWARE
P/E (fair) 35.0x (sector mid)
P/B (fair) 8.0x (sector mid)
ROE (good) 25% (sector target)
OPM (good) 25% (sector target)
D/E comfort <20 (sector)
📋 Quarterly Performance Trend
Quarter Revenue QoQ % Net Profit QoQ % Op. Cash Flow EBITDA Margin
Q3 '24
N/A —
N/A —
N/A
N/A
Q4 '24
$2.4B —
$594.0M —
$403.0M
28.2%
Q1 '25
$2.3B -4.8%
$524.0M -11.8%
$508.0M
12.0%
Q2 '25
$2.6B +13.6%
$257.0M -51.0%
$746.0M
19.5%
Q3 '25
$2.8B +8.2%
$1.2B +359.9%
$672.0M
52.7%
Q4 '25
$3.0B +7.1%
$1.8B +55.8%
$745.0M
69.9%
📊 Year-on-Year Trend
FY Revenue YoY % Net Profit YoY % Op. Cash Flow YoY %
2022
$18.8B —
$1.5B —
$1.9B —
2023
$6.3B -66.7%
$-1.7B -208.9%
$-408.0M -121.7%
2024
$6.3B +1.0%
$-798.0M +52.6%
$-294.0M +27.9%
2025
$9.5B +50.7%
$1.9B +333.2%
$1.7B +675.2%
📈 Revenue vs Earnings
Quarterly
Annual
💰 How Western Digital Corporation Makes Its Money
Quarterly
Annual
Revenue
$3.0B
Cost of Revenue
$1.6B
Gross Profit
$1.4B
R&D
$289M
SG&A
$128M
Operating Inc.
$963M
Tax
$120M
Interest
$54M
Other
$1.0B
Net Income
$1.8B
(61.1% margin)
Dec 2025 · All values in $ Millions
Revenue
$2.8B
Cost of Revenue
$1.6B
Gross Profit
$1.2B
R&D
$294M
SG&A
$138M
Operating Inc.
$795M
Tax
$155M
Interest
$59M
Other
$584M
Net Income
$1.2B
(41.9% margin)
Sep 2025 · All values in $ Millions
Revenue
$2.6B
Cost of Revenue
$1.5B
Gross Profit
$1.1B
R&D
$262M
SG&A
$124M
Operating Inc.
$681M
Tax
$95M
Interest
$74M
Other
$280M
Net Income
$257M
(9.9% margin)
Jun 2025 · All values in $ Millions
Revenue
$2.3B
Cost of Revenue
$1.4B
Gross Profit
$912M
R&D
$245M
SG&A
$108M
Operating Inc.
$559M
Interest
$91M
Other
$404M
Net Income
$524M
(22.8% margin)
Mar 2025 · All values in $ Millions
Revenue
$9.5B
Cost of Revenue
$5.8B
Gross Profit
$3.7B
R&D
$994M
SG&A
$568M
Operating Inc.
$2.1B
Interest
$357M
Other
$688M
Net Income
$1.9B
(19.5% margin)
Jun 2025 · All values in $ Millions
Revenue
$6.3B
Cost of Revenue
$4.5B
Gross Profit
$1.8B
R&D
$950M
SG&A
$726M
Operating Inc.
$97M
Interest
$414M
Other
$455M
Net Income
-$798M
(-12.6% margin)
Jun 2024 · All values in $ Millions
Revenue
$6.3B
Cost of Revenue
$4.9B
Gross Profit
$1.4B
R&D
$986M
SG&A
$807M
Operating Inc.
-$402M
Tax
$53M
Interest
$310M
Other
$156M
Net Income
-$1.7B
(-26.9% margin)
Jun 2023 · All values in $ Millions
Revenue
$18.8B
Cost of Revenue
$12.9B
Gross Profit
$5.9B
R&D
$2.3B
SG&A
$1.1B
Operating Inc.
$2.4B
Tax
$625M
Interest
$304M
Net Income
$1.5B
(8.2% margin)
Jun 2022 · All values in $ Millions
Dec 2025
Sep 2025
Jun 2025
Mar 2025
🏦 Snapshot of Western Digital Corporation's Balance Sheet
Quarterly
Annual
Total Assets
$15.6B
Cash & Equiv.: $2.0B (12.7%)
Receivables: $1.7B (10.8%)
Inventory: $1.3B (8.6%)
Other Current: $2.5B (16.2%)
PP&E: $2.4B (15.1%)
Goodwill: $4.3B (27.7%)
Other Non-Curr.: $1.4B (9.0%)
Liab. + Equity
$15.6B
Current Liab.: $5.2B (33.2%)
Long-Term Debt: $2.4B (15.6%)
Other Liab.: $666M (4.3%)
Equity: $7.3B (47.0%)
As of Dec 2025 · All values in $ Millions
Total Assets
$14.4B
Cash & Equiv.: $2.0B (14.3%)
Receivables: $1.4B (9.4%)
Inventory: $1.4B (9.7%)
Other Current: $1.5B (10.3%)
PP&E: $2.3B (16.3%)
Goodwill: $4.3B (30.1%)
Other Non-Curr.: $1.4B (9.9%)
Liab. + Equity
$14.4B
Current Liab.: $5.2B (36.0%)
Long-Term Debt: $2.5B (17.1%)
Other Liab.: $612M (4.3%)
Equity: $6.1B (42.6%)
As of Sep 2025 · All values in $ Millions
Total Assets
$14.0B
Cash & Equiv.: $2.1B (15.1%)
Receivables: $1.5B (10.6%)
Inventory: $1.3B (9.2%)
Other Current: $965M (6.9%)
PP&E: $2.3B (16.7%)
Goodwill: $4.3B (30.8%)
Other Non-Curr.: $1.5B (10.6%)
Liab. + Equity
$14.0B
Current Liab.: $5.4B (38.7%)
Long-Term Debt: $2.5B (17.7%)
Other Liab.: $559M (4.0%)
Equity: $5.5B (39.6%)
As of Jun 2025 · All values in $ Millions
Total Assets
$16.4B
Cash & Equiv.: $3.5B (21.2%)
Receivables: $1.5B (9.0%)
Inventory: $1.3B (8.0%)
Other Current: $1.8B (11.2%)
PP&E: $2.3B (14.3%)
Goodwill: $4.3B (26.4%)
Other Non-Curr.: $1.5B (9.4%)
Liab. + Equity
$16.4B
Current Liab.: $5.2B (31.7%)
Long-Term Debt: $4.9B (30.0%)
Other Liab.: $873M (5.3%)
Equity: $5.4B (33.0%)
As of Mar 2025 · All values in $ Millions
Total Assets
$14.0B
Cash & Equiv.: $2.1B (15.1%)
Receivables: $1.5B (10.6%)
Inventory: $1.3B (9.2%)
Other Current: $965M (6.9%)
PP&E: $2.3B (16.7%)
Goodwill: $4.3B (30.8%)
Other Non-Curr.: $1.5B (10.6%)
Liab. + Equity
$14.0B
Current Liab.: $5.4B (38.7%)
Long-Term Debt: $2.5B (17.7%)
Other Liab.: $559M (4.0%)
Equity: $5.5B (39.6%)
As of Jun 2025 · All values in $ Millions
Total Assets
$24.2B
Cash & Equiv.: $1.6B (6.4%)
Receivables: $1.2B (5.1%)
Inventory: $1.4B (5.7%)
Other Current: $3.9B (16.1%)
PP&E: $2.4B (9.8%)
Goodwill: $4.3B (17.9%)
Other Non-Curr.: $9.4B (39.1%)
Liab. + Equity
$24.2B
Current Liab.: $6.1B (25.2%)
Long-Term Debt: $5.7B (23.5%)
Other Liab.: $1.4B (5.7%)
Equity: $11.0B (45.7%)
As of Jun 2024 · All values in $ Millions
Total Assets
$24.5B
Cash & Equiv.: $2.0B (8.2%)
Receivables: $1.6B (6.5%)
Inventory: $3.7B (15.1%)
Other Current: $567M (2.3%)
PP&E: $3.6B (14.7%)
Goodwill: $10.0B (40.9%)
Other Non-Curr.: $2.9B (11.9%)
Liab. + Equity
$24.5B
Current Liab.: $5.4B (22.1%)
Long-Term Debt: $5.9B (23.9%)
Other Liab.: $1.4B (5.8%)
Equity: $11.8B (48.2%)
As of Jun 2023 · All values in $ Millions
Total Assets
$26.3B
Cash & Equiv.: $2.3B (8.9%)
Receivables: $2.8B (10.7%)
Inventory: $3.6B (13.9%)
Other Current: $684M (2.6%)
PP&E: $3.7B (14.0%)
Goodwill: $10.0B (38.2%)
Other Non-Curr.: $2.9B (11.0%)
Liab. + Equity
$26.3B
Current Liab.: $5.2B (19.9%)
Long-Term Debt: $7.0B (26.7%)
Other Liab.: $1.8B (6.8%)
Equity: $12.2B (46.5%)
As of Jun 2022 · All values in $ Millions
Dec 2025
Sep 2025
Jun 2025
Mar 2025
💸 Looking into Western Digital Corporation's Cash Flow
Quarterly
Annual
Operating CF
$745M
Capital Exp.
$92M
Free Cash Flow
$653M
Dividends
$43M
Buybacks
$615M
Debt Repaid
$32M
FY2025 · All values in $ Millions
Operating CF
$672M
Capital Exp.
$73M
Free Cash Flow
$599M
Dividends
$34M
Buybacks
$553M
Debt Repaid
$31M
FY2025 · All values in $ Millions
Operating CF
$746M
Capital Exp.
$71M
Free Cash Flow
$675M
Debt Repaid
$1.8B
FY2025 · All values in $ Millions
Operating CF
$508M
Capital Exp.
$129M
Free Cash Flow
$379M
Debt Repaid
$32M
Retained / Other
$347M
FY2025 · All values in $ Millions
Operating CF
$1.7B
Capital Exp.
$412M
Free Cash Flow
$1.3B
Dividends
$44M
Buybacks
$149M
Debt Repaid
$2.1B
FY2025 · All values in $ Millions
Operating CF
$1.9B
Capital Exp.
$1.1B
Free Cash Flow
$758M
Debt Repaid
$3.6B
FY2022 · All values in $ Millions
FY2025
FY2025
FY2025
FY2025
🎯 EPS: Estimate vs Actual
Estimates
Quarterly
Annual
📅 Quarterly Results
Item Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Total Revenue $3.02B $2.82B $2.60B $2.29B $2.41B — Cost of Revenue $1.64B $1.59B $1.54B $1.38B $1.50B — Gross Profit $1.38B $1.23B $1.07B $912.0M $907.0M — Operating Expense $417.0M $432.0M $386.0M $353.0M $357.0M — Operating Income $963.0M $795.0M $681.0M $559.0M $550.0M — Interest Expense $54.0M $59.0M $74.0M $91.0M $93.0M — Pretax Income $1.96B $1.34B $347.0M $74.0M $466.0M — Tax Provision $120.0M $155.0M $95.0M $-698.0M $0 — Net Income $1.84B $1.18B $257.0M $524.0M $594.0M — EBITDA $2.11B $1.48B $507.0M $275.0M $679.0M — EPS (Basic) $5.27 $3.34 $1.37 $1.46 $1.68 — EPS (Diluted) $4.73 $3.07 $0.75 $1.42 $1.63 — Shares Outstanding 381.0M 376.0M 362.0M 358.0M 357.0M —
📊 Profit & Loss Statement
Item Jun '25 Jun '24 Jun '23 Jun '22 Total Revenue $9.52B $6.32B $6.25B $18.79B Cost of Revenue $5.83B $4.54B $4.86B $12.92B Gross Profit $3.69B $1.77B $1.39B $5.87B Operating Expense $1.56B $1.68B $1.79B $3.44B Operating Income $2.13B $97.0M $-402.0M $2.43B Interest Expense $357.0M $414.0M $310.0M $304.0M Pretax Income $1.13B $-739.0M $-849.0M $2.17B Tax Provision $-513.0M $26.0M $53.0M $625.0M Net Income $1.86B $-798.0M $-1.68B $1.55B EBITDA $1.94B $243.0M $289.0M $3.40B EPS (Basic) $5.31 $-1.72 $-5.44 $4.81 EPS (Diluted) $5.12 $-1.72 $-5.44 $4.75 Shares Outstanding 359.0M 326.0M 318.0M 316.0M
🏦 Balance Sheet
Item Jun '25 Jun '24 Jun '23 Jun '22 Jun '21 Total Assets $14.00B $24.19B $24.55B $26.26B — Current Assets $5.86B $8.06B $7.89B $9.45B — Cash & Equivalents $2.11B $1.55B $2.02B $2.33B — Accounts Receivable $1.49B $1.23B $1.60B $2.80B — Inventory $1.29B $1.39B $3.70B $3.64B — Non-Current Assets $8.15B $16.13B $16.66B $16.81B — Property Plant & Equip $2.34B $2.36B $3.62B $3.67B — Goodwill $4.32B $4.32B $10.04B $10.04B — Intangible Assets $4.32B $4.32B $10.12B $10.25B — Total Liabilities $8.46B $13.14B $12.71B $14.04B — Current Liabilities $5.42B $6.09B $5.43B $5.24B — Accounts Payable $1.27B $1.05B $1.58B $2.22B — Short-Term Debt $2.23B $1.75B $1.21B — $251.0M Long-Term Debt $2.48B $5.68B $5.86B $7.02B — Total Equity $5.54B $11.05B $11.84B $12.22B — Retained Earnings $762.0M $6.78B $7.57B $9.04B — Book Value/Share 992.0M 6.50B 847.0M 1.97B —
💰 Cash Flow Statement
Item Jun '25 Jun '24 Jun '23 Jun '22 Jun '21 Operating Cash Flow $1.69B $-294.0M $-408.0M $1.88B — Depreciation & Amort. $451.0M $568.0M $828.0M $929.0M — Change in Working Cap $-1.03B $-307.0M $92.0M $-1.07B — Capital Expenditure $-412.0M $-487.0M $-821.0M $-1.12B — Free Cash Flow $1.28B $-781.0M $-1.23B $758.0M — Investing Cash Flow $150.0M $-27.0M $-762.0M $-1.19B — Acquisitions — — — $0 $0 Financing Cash Flow $-1.61B $187.0M $875.0M $-1.72B — Debt Issued $2.15B $3.00B $1.18B $1.89B — Debt Repaid $-2.09B $-2.61B $-1.18B $-3.62B — Dividends Paid $-44.0M $0 $0 $0 — Share Buyback $-149.0M $-5.0M $0 — $0 Net Change in Cash $229.0M $-134.0M $-295.0M $-1.03B —
📈 Key Financial Ratios
Ratio FY2025 FY2024 FY2023 FY2022 Gross Margin % 38.8% 28.1% 22.2% 31.3% Operating Margin % 22.4% 1.5% -6.4% 13.0% Net Margin % 19.5% -12.6% -26.9% 8.2% EBITDA Margin % 20.4% 3.8% 4.6% 18.1% ROE % 33.6% -7.2% -14.2% 12.7% ROA % 13.3% -3.3% -6.9% 5.9% Debt/Equity % 85.0% 67.3% 59.7% 57.5% Current Ratio 1.08 1.32 1.45 1.81 FCF Margin % 13.4% -12.4% -19.6% 4.0% Asset Turnover 0.68 0.26 0.25 0.72
🚀 Compounded Growth Rates
Revenue
1-Year +50.7% 3-Year CAGR +23.4%
🏭 Industry Peers — Computer Hardware
Ticker Company Price P/E P/B MCap ROE Margin Rev Growth AAPL Apple Inc. $269.42 34.1 44.9 $3,955.4B 152.0% 27.0% 15.7% MSFT Microsoft Corporation $428.07 26.8 8.1 $3,181.6B 34.4% 39.0% 16.7% GOOGL Alphabet Inc. $349.21 32.2 10.2 $4,224.6B 35.7% 32.8% 18.0% META Meta Platforms, Inc. $669.01 28.5 7.8 $1,698.2B 30.2% 30.1% 23.8% NVDA NVIDIA Corporation $210.45 42.9 32.5 $5,115.0B 101.5% 55.6% 73.2% ORCL Oracle Corporation $166.81 29.9 14.3 $479.8B 57.6% 25.3% 21.7% CRM Salesforce, Inc. $182.33 23.4 2.9 $149.2B 12.4% 18.0% 12.1% ADBE Adobe Inc. $243.85 14.2 8.7 $98.6B 58.8% 29.5% 12.0%
Peers selected from Technology sector · Data from Yahoo Finance
🏛 Shareholding Pattern
TOP HOLDERS
Holder Type Shares % Held Vanguard Group Inc Inst 42,348,660 12.49% Blackrock Inc. Inst 35,509,518 10.47% FMR, LLC Inst 33,793,801 9.97% State Street Corporation Inst 15,695,954 4.63% JPMORGAN CHASE & CO Inst 14,295,965 4.22% VANGUARD INDEX FUNDS-Vanguard Total MF 10,745,456 3.17% VANGUARD INDEX FUNDS-Vanguard 500 I MF 8,622,013 2.54% VANGUARD INDEX FUNDS-Vanguard Mid-C MF 7,441,605 2.19%
🟢 CATALYSTS
🏆 Positive Revenue Growth: Revenue growing at 25.2% YoY.
💹 High ROE (41.1%): Above sector norm of 25% — efficient capital use.
🔀 Healthy Margins (35.6%): Above sector norm of 25%.
🇺 Earnings Growth (190%): Above sector norm — strong profit expansion.
🔴 RISKS
📜 High Debt/Equity (65%): Above sector threshold of 60% — leverage risk.
💰 High Beta (1.83): More volatile than market — higher swing risk.
🔓 Below Analyst Target: CMP above mean target — limited upside consensus.
🕸 Factor Analysis · Radar
Momentum 9/10: 1M +52.7%, 6M +208.1%, RSI 66, MACD bullish, Above 200DMA Sentiment 5/10: Analyst upside -3.3%, Rec: buy Value 4/10: P/E 36.3, P/B 18.4, PEG 0.81, EV/EBITDA 40.8 Quality 8/10: ROE 41.1%, Margin 35.6%, D/E 65, CR 1.46 Low Volatility 0/10: Beta 1.83, Ann. vol 62% Momentum
9
Sentiment
5
Value
4
Quality
8
Low Vol
0
Momentum 9/10 1M +52.7%, 6M +208.1%, RSI 66, MACD bullish, Above 200DMA
Sentiment 5/10 Analyst upside -3.3%, Rec: buy
Value 4/10 P/E 36.3, P/B 18.4, PEG 0.81, EV/EBITDA 40.8
Quality 8/10 ROE 41.1%, Margin 35.6%, D/E 65, CR 1.46
Low Volatility 0/10 Beta 1.83, Ann. vol 62%
🎯 Decision Matrix — Game Theory
Action If Stock Rises If Stock Falls
BUY Benefit from potential re-rating OPM of 32% provides margin buffer HOLD Retain existing position; wait for better entry Miss further upside if momentum continues; 1M return of +52.7% shows momentum SELL Lock in +843.7% 1Y return Avoid further drawdown
REASONS TO BUY
ROE of 41.1% above sector norm of 25%
Revenue growing at 25.2% YoY (sector norm: 12%)
Operating margin of 32% shows pricing power (sector norm: 25%)
REASONS TO SELL / AVOID
1Y return of +843.7% — profit booking opportunity
Trading above analyst target — consensus sees -3.3% downside
Debt/Equity at 65% exceeds sector comfort zone
Western Digital Corporation trades at $384.42 with a composite risk score of 59/100.
The stock scores 7/25 on valuation, 19/25 on financial health, 15/25 on growth, and 18/25 on technicals.
The company is currently profitable with strong return on equity.
Bottom Line: Neutral for Technology — wait for better entry or catalyst. The current recommendation is HOLD .
PROFITABLE
HIGH ROE
STRONG GROWTH
VOLATILE