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WESTERN DIGITAL CORP (WDC)

SEC filings, insider trading & institutional ownership from EDGAR.

NasdaqInformation TechnologyTechnology Hardware, Storage & Peripherals

Western Digital, founded in 1970 and headquartered in San Jose, California, is a leading developer, manufacturer, and provider of data storage devices and solutions based on hard disk drive (HDD) technology, selling products under the Western Digital and WD brands. The company designs and manufactures substantially all of the recording heads and magnetic media used in its HDD products, positioning itself as an industry leader in innovations that drive higher areal density and performance, supported by a multi-year product roadmap featuring technologies such as ePMR, OptiNAND, UltraSMR, heat-assisted magnetic recording (HAMR), and triple stage actuators. Its business is organized around three end markets: Cloud, its largest and fastest-growing segment, serving hyperscale cloud service providers, neoclouds, and enterprise customers with high-capacity enterprise HDDs for data centers, tiered storage systems, and smart video applications; Client, providing OEM and channel customers with high-performance HDD solutions for desktops and notebooks; and Consumer, offering external storage products through global retail and channel partners.

Customers include hyperscale cloud providers, computer manufacturers and OEMs, resellers, distributors, and retailers worldwide, with international sales representing 60% of net revenue in 2026; for that year, three customers accounted for 16%, 15%, and 13% of net revenue, respectively. The company operates vertically integrated manufacturing, assembly, and test facilities concentrated in Thailand, Malaysia, the Philippines, China, and California, and competes primarily against Seagate Technology Holdings plc and Toshiba Electronic Devices & Storage Corporation, as well as NAND flash suppliers and storage systems providers. Western Digital holds approximately 4,700 active patents supporting its intellectual property portfolio in magnetic recording and related technologies, and employs approximately 40,000 people globally across 24 countries, with the majority of its workforce based in Asia Pacific.

The company positions itself as a foundational technology provider for the AI-driven data economy, emphasizing cost-effective, high-capacity, and reliable storage solutions across cloud, enterprise, edge, and consumer markets, while integrating sustainability initiatives around energy efficiency, emissions reduction, and responsible business practices into its overall strategy.

AI-summarized from Item 1 (Business) of the company's most recent 10-K filing.

RevenueFY2026
$12.92B
▲ 35.7%YoY
Net incomeFY2026
$9.42B
▲ 398.9%YoY
Diluted EPSFY2026
$24.28
▲ 374.2%YoY
Gross margin
48.9%
▲ 1007 bpsYoY
Insider net6 mo
−105.8K
shares22 sells0 buys
Institutions
47
$172.34B held

Financials

As reported to the SEC via XBRL, no adjustments

All financials →
Revenue & net income
-$5B$5B$10B$15B
FY2023FY2024FY2025FY2026
RevenueNet income
FY2026 highlightsfrom 10-K
Gross profit$6.31B
Operating income$4.45B
Diluted EPS$24.28
Gross margin48.9%
Net margin72.9%

Revenue by region

FY2026 geographic segments • from the 10-K

$13BTOTAL FY2026
Americas$5.17B40.0%▲ 19.4%
Greater China$4.03B31.2%▲ 54.9%
Europe$2.11B16.4%▲ 37.6%
Asia Pacific$1.09B8.5%▲ 38.3%
Rest of World$513M4.0%▲ 94.3%
60.0% of FY2026 disclosed regional revenue earned outside Americas • YoY vs FY2025

Latest filings

10-K, 10-Q, 8-K, Form 4 & 13D/G. Sourced directly from SEC EDGAR

All filings →
FormFiled
DEF 14AOct 6, 2026
4Tan IrvingSep 21, 2026
4Shihab Ahmed MohammedSep 21, 2026
4Davis Brian ScottSep 21, 2026
8-KSep 14, 2026
4Tregillis Cynthia LSep 9, 2026

Insider trading

From Form 4 filings

All →
InsiderDateType
Davis Brian ScottSep 20, 2026Tax withholding
Davis Brian ScottSep 20, 2026Option exercise
Tan IrvingSep 20, 2026Tax withholding
Tan IrvingSep 20, 2026Option exercise
Shihab Ahmed MohammedSep 17, 2026Tax withholding

Top holders

13F & 13D/G • latest quarter

All →
HolderStakeFiledValue
BlackRock, Inc.9.6%Aug 7, 2026$21.05B
FMR LLC7.5%Aug 13, 2026$16.6B
Vanguard Capital Management6.5%Aug 13, 2026$14.38B
JPMORGAN CHASE & CO4.9%Aug 12, 2026$11.09B
Capital World Investors4.8%Aug 12, 2026$10.6B

Executive pay and the vote

From the FY2026 proxy statement (DEF 14A), filed Oct 6, 2026

Full governance view →
CEO total pay
$17.2M
Irving Tan • FY2026
Actually paid
$257.5M
SEC “compensation actually paid”
TSR on $100
$1021.00
peers $383.00 • since FY2022
What the company says drives pay
Revenue (the Company-Selected Measure)Non-GAAP EPSNon-GAAP Operating Income

Figures come from the company’s proxy statement, and the vote count from its 8-K.

The full pay and vote breakdown is free with an account

The Summary Compensation Table for every named officer, the board with tenure and committees, and each proposal with its count, verified against the filings.

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AI summary

Latest 10-K takeaways

filed Aug 14, 2026

Strongly positive tone driven by 36% revenue growth, a 10-point gross margin expansion, record operating cash flow and aggressive capital returns and deleveraging, delivered with assertive, factual language. Risk discussion is mostly limited to customer concentration, tax exposures and routine critical-accounting hedging, and the text is mostly retrospective with some forward-looking liquidity and capex statements. Automated screens found no red flags in this filing.

Written by Scrutar's AI from WDC's SEC filings. Check anything you rely on against the filing. Not investment advice.

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Peers identified from WDC's own SEC filings.

Data as of Oct 16, 2026Source: SEC EDGAR.