NASDAQ: WDC
Western Digital Corporation
Technology · Computer Hardware
After hours: $723.50(+1.6%) · as of 4:39 PM ET
Market Cap
$245.46B
52w High
$741.85
52w Low
$58.53
P/E
41.28
Volume
12.86M
Outstanding Shares
344.68M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 1,120.56% over the last year. Revenue grew 9.1% over the trailing twelve months. Operating margin moved from 22.62% to 30.78%. Free cash flow grew 240.16% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (97th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 30.78% — continued expansion would be needed to justify the premium. Revenue growth of 9.1% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Western Digital Corporation designs, manufactures, and markets a broad range of data storage devices and software solutions across the United States, China, Hong Kong, Europe, the Middle East, Africa, and the rest of Asia, serving an international market.
Valuation
Stock splits
Every 1000 shares became 1323
Every 1 shares became 2
Profitability & growth
Analyst consensus
44
Buy
16
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $3.32 · Revenue est $3.69B
View
Dividends
$0.50/shareQuarterlySafeWDC pays a dividend with a 0.07% dividend yield, covered 29.2× by free cash flow.
Dividend Yield
0.07%
Annual Div / Share
$0.50
5yr CAGR
-13.97%
Dividend has been cut
Payout Ratio
2.68%
Safe
Dividend Growth Rate
3yr CAGR
-13.97%
5yr CAGR
-13.97%
10yr CAGR
-10.47%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$0/mo
In 5 yrs
$0/mo
In 10 yrs
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$1/yr $0/mo | $1/yr $0/mo | $1/yr $0/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 29.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -13.97% is negative, indicating the payout has been cut over this period.