WDC FINANCIAL STATEMENTS

Western Digital Corporation — balance sheet, income statement and cash flow trends

WDCWestern Digital Corporation

🇺🇸 USA · US · Technology · Computer Hardware

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue11.8 B $+9.1%

Gross Profit5.4 B $+28.1%

Operating Income3.6 B $+48.4%

EBITDA7.5 B $+343.4%

Net Income6.5 B $+293.1%

Peer Comparison· Computer Hardware

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WDC	9.1%	45.4%	64.0%	55.1%
SAP	6.2%	73.2%	35.9%	20.0%
IFX	3.3%	39.4%	24.4%	7.2%
SHOP	31.9%	47.9%	15.9%	10.9%
STMPA	4.4%	34.0%	19.2%	1.2%
ASML	9.7%	52.6%	38.7%	29.7%
Industry median	28.9%	38.1%	22.5%	16.1%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WDC	9.1%	45.4%	64.0%	55.1%
ANET	30.6%	63.5%	47.9%	38.3%
STX	28.9%	41.5%	30.7%	21.6%
DELL	38.8%	19.2%	9.8%	6.3%
SNDK	41.9%	41.8%	22.5%	17.2%
HPQ	5.7%	20.2%	6.8%	4.4%
Industry median	28.9%	38.1%	22.5%	16.1%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity9.7 B $64%
Current Liabilities4.6 B $31%
Long-term Liabilities728 M $5%

Key Figures

YoY change

Total Assets15 B $-8.1%

Total Liabilities5.4 B $-52.1%

Total Equity9.7 B $+87.0%

Cash & ST Investments3.2 B $-33.8%

Total Debt1.7 B $-77.6%

Net Debt-326 M $-107.7%

Peer Comparison· Computer Hardware

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WDC	1.49	17.8%	-0.20	64.3%
SAP	1.07	—	—	61.1%
IFX	1.59	53.0%	1.83	53.0%
SHOP	6.20	1.4%	-2.84	88.5%
STMPA	3.31	15.7%	-0.72	70.7%
ASML	1.36	13.0%	-0.43	43.3%
Industry median	2.66	5.4%	0.17	55.0%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WDC	1.49	17.8%	-0.20	64.3%
ANET	2.83	—	—	62.3%
STX	1.33	381.6%	0.90	12.3%
DELL	0.95	-2,219.4%	1.49	-1.2%
SNDK	3.11	7.7%	-0.63	78.6%
HPQ	0.79	-6,712.5%	1.52	-0.3%
Industry median	2.66	5.4%	0.17	55.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow3.3 B $+150.6%

Capital Expenditures381 M $-16.6%

Free Cash Flow2.9 B $+240.2%

Dividends Paid-174 M $—

Peer Comparison· Computer Hardware

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WDC	27.9%	24.7%	3.2%	50.7%
SAP	23.7%	21.5%	2.2%	118.2%
IFX	19.1%	7.6%	11.5%	264.2%
SHOP	17.4%	17.2%	0.2%	159.0%
STMPA	18.0%	0.8%	17.2%	1,503.3%
ASML	33.0%	26.6%	6.5%	111.2%
Industry median	9.3%	7.0%	2.3%	145.8%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WDC	27.9%	24.7%	3.2%	50.7%
ANET	55.9%	54.4%	1.5%	145.8%
STX	26.1%	23.9%	4.1%	121.0%
DELL	9.3%	7.0%	2.3%	148.3%
SNDK	28.3%	26.6%	1.7%	164.7%
HPQ	8.0%	6.6%	1.4%	179.9%
Industry median	9.3%	7.0%	2.3%	145.8%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.