Western Digital (WDC) Net Margin (2009 - 2026)
Western Digital's Net Margin came in at 85.27% for fiscal Q4 2026 (quarter ended Jul 3, 2026), up 74.44 percentage points from 10.83% a year earlier but down 10.78 percentage points from the prior quarter.
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Analysis
Western Digital (WDC) Net Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Jul 3, 2026), Western Digital's Net Margin was 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 five-year range for quarterly Net Margin is -58.63% (fiscal Q1 2024) to 96.04% (fiscal Q3 2026).
- Year-over-year, Net Margin has increased for eight consecutive quarters, with an average year-over-year change of +44.63 percentage points over the last eight quarters.
- 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 96.04% (Q3 2026), 61.05% (Q2 2026) and 41.94% (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 77.00% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 35.66% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 85.27% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.33% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | -711.69% |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 12.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 85.27% |
| Apr 3, 2026 | 96.04% |
| Jan 2, 2026 | 61.05% |
| Oct 3, 2025 | 41.94% |
| 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% |
| Jul 2, 2021 | 12.64% |
API Access
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();