Western Digital (WDC) Gross Margin (2009 - 2026)
Western Digital's Gross Margin was 54.12% in fiscal Q4 2026 (quarter ended Jul 3, 2026), up 13.16 percentage points from 40.96% a year earlier and up 3.90 percentage points from the prior quarter.
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Analysis
Western Digital (WDC) Gross Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Jul 3, 2026), Gross Margin at Western Digital came in at 48.85%, up 10.07 percentage points from FY2025.
- Gross Margin has now increased for three consecutive fiscal years, with a five-year change of +22.13 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 38.78% in FY2025 (+10.71 pp), 28.07% in FY2024 (+5.83 pp), 22.24% in FY2023 (-9.02 pp) and 31.26% in FY2022 (+4.54 pp).
- The fiscal Q4 2026 figure marks the highest quarterly Gross Margin in data going back to fiscal Q3 2009.
- Compared with a year earlier, Gross Margin has increased for eight straight quarters, with an average year-over-year change of +10.74 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q3 2024 (a gain of 19.42 percentage points); the worst was fiscal Q3 2023 (a drop of 16.75 percentage points).
- Per Business Quant data, WDC's Gross Margin in the three fiscal quarters before Q4 2026 was 50.22% (Q3 2026), 45.74% (Q2 2026) and 43.54% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 84.57% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 52.30% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 54.12% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 36.70% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 47.43% |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 40.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 54.12% |
| Apr 3, 2026 | 50.22% |
| Jan 2, 2026 | 45.74% |
| Oct 3, 2025 | 43.54% |
| Jun 27, 2025 | 40.96% |
| Mar 28, 2025 | 39.76% |
| Dec 27, 2024 | 37.65% |
| Sep 27, 2024 | 36.44% |
| Jun 28, 2024 | 34.78% |
| Mar 29, 2024 | 29.62% |
| Dec 29, 2023 | 22.90% |
| Sep 29, 2023 | 20.44% |
| Mar 31, 2023 | 10.20% |
| Dec 30, 2022 | 16.99% |
| Sep 30, 2022 | 26.26% |
| Jul 1, 2022 | 31.91% |
| Apr 1, 2022 | 26.96% |
| Dec 31, 2021 | 32.75% |
| Oct 1, 2021 | 32.96% |
| Jul 2, 2021 | 31.83% |
API Access
Western Digital Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WDC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();