Western Digital (WDC) Operating Margin (2009 - 2026)
Western Digital (WDC) recorded Operating Margin of 46.70% in fiscal Q1 2027 (quarter ended Oct 2, 2026), up 18.60 percentage points from 28.11% a year earlier and up 4.99 percentage points from the prior quarter.
Western Digital (WDC) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Western Digital's Operating Margin came in at 39.41% as of Oct 2, 2026, up 11.83 percentage points year-over-year; for FY2026 (ended Jul 3, 2026), it came in at 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 Q1 2027 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 nine consecutive quarters, with an average year-over-year change of +19.20 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 41.71% (Q4 2026), 35.66% (Q3 2026) and 30.10% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 31.13% |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | - |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 44.90% |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 11.46% |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 18.15% |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 79.59% |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 48.76% |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 46.70% |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 11.41% |
| 10 | Garmin | 54.56 Bn | 44.11 Bn | 1.26 Bn | 30.80% |
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 46.70% |
| 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% |
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();