Western Digital (WDC) Operating Margin (2009 - 2026)
Western Digital (WDC) recorded Operating Margin of 41.71% in fiscal Q4 2026 (quarter ended Jul 3, 2026), up 15.61 percentage points from 26.10% a year earlier and up 6.05 percentage points from the prior quarter.
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Analysis
Western Digital (WDC) Operating Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Jul 3, 2026), Western Digital reported Operating Margin of 34.47%, up 9.95 percentage points from FY2025.
- Annual Operating Margin has increased for three straight fiscal years, with a five-year change of +27.26 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 24.52% in FY2025 (+30.90 pp), -6.38% in FY2024 (+2.38 pp), -8.76% in FY2023 (-21.48 pp) and 12.72% in FY2022 (+5.51 pp).
- The fiscal Q4 2026 figure is the highest quarterly Operating Margin in data going back to fiscal Q3 2009.
- On a year-over-year basis, Operating Margin has increased for eight consecutive quarters, with an average year-over-year change of +25.00 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 65.02 percentage points in fiscal Q1 2025, against a drop of 54.15 percentage points in fiscal Q1 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 35.66% (Q3 2026), 30.10% (Q2 2026) and 28.11% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 32.62% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 24.72% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 11.46% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 45.39% |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 78.49% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 42.96% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 41.71% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 16.79% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 27.76% |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 11.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 41.71% |
| Apr 3, 2026 | 35.66% |
| Jan 2, 2026 | 30.10% |
| Oct 3, 2025 | 28.11% |
| Jun 27, 2025 | 26.10% |
| Mar 28, 2025 | 33.13% |
| Dec 27, 2024 | 23.25% |
| Sep 27, 2024 | 15.10% |
| Jun 28, 2024 | -4.54% |
| Mar 29, 2024 | 5.37% |
| Dec 29, 2023 | -15.36% |
| Sep 29, 2023 | -49.92% |
| Mar 31, 2023 | -16.84% |
| Dec 30, 2022 | -10.33% |
| Sep 30, 2022 | 4.23% |
| Jul 1, 2022 | 12.41% |
| Apr 1, 2022 | 7.40% |
| Dec 31, 2021 | 15.04% |
| Oct 1, 2021 | 15.40% |
| Jul 2, 2021 | 13.72% |
API Access
Western Digital Operating 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=operating-margin&ticker=WDC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=WDC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();