Western Digital (WDC) Net Margin (2009 - 2026)
Western Digital's Net Margin came in at 40.61% for fiscal Q1 2027 (quarter ended Oct 2, 2026), down 0.34 percentage points from 40.95% a year earlier and down 44.66 percentage points from the prior quarter.
Western Digital (WDC) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Oct 2, 2026, Western Digital reported Net Margin of 69.20%, up 44.14 percentage points year-over-year; for FY2026 (ended Jul 3, 2026), it came in at 72.95%, up 53.10 percentage points from FY2025.
- Net Margin has increased in each of the last three fiscal years, with a five-year change of +68.10 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Net Margin was 19.84% in FY2025 (+33.33 pp), -13.49% in FY2024 (+13.82 pp), -27.31% in FY2023 (-35.53 pp) and 8.23% in FY2022 (+3.37 pp).
- The fiscal Q1 2027 figure represents the lowest quarterly Net Margin since fiscal Q4 2025.
- Year-over-year, Net Margin increased in seven of the last eight quarters, with an average year-over-year change of +34.42 percentage points.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q1 2025 (a gain of 80.37 percentage points), and the weakest in fiscal Q1 2024 (a drop of 59.35 percentage points).
- Business Quant data shows WDC's Net Margin at 85.27% (Q4 2026), 96.04% (Q3 2026) and 61.05% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 26.83% |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | - |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 42.66% |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 8.80% |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 13.11% |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 73.44% |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 41.60% |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 40.61% |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 12.61% |
| 10 | Garmin | 54.56 Bn | 44.11 Bn | 1.26 Bn | 27.27% |
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 40.61% |
| Jul 3, 2026 | 85.27% |
| Apr 3, 2026 | 96.04% |
| Jan 2, 2026 | 61.05% |
| Oct 3, 2025 | 40.95% |
| Jun 27, 2025 | 10.83% |
| Mar 28, 2025 | 22.67% |
| Dec 27, 2024 | 24.12% |
| Sep 27, 2024 | 21.75% |
| Jun 28, 2024 | 1.45% |
| Mar 29, 2024 | 6.45% |
| Dec 29, 2023 | -22.02% |
| Sep 29, 2023 | -58.63% |
| Mar 31, 2023 | -20.69% |
| Dec 30, 2022 | -14.52% |
| Sep 30, 2022 | 0.72% |
| Jul 1, 2022 | 7.66% |
| Apr 1, 2022 | 0.57% |
| Dec 31, 2021 | 11.67% |
| Oct 1, 2021 | 12.08% |
Western Digital Net 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=net-margin&ticker=WDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=WDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();