Western Digital
ConvictionWeak
Capital-intensive vertically-integrated hard-disk-drive design/manufacturing; sells nearline (data-center/cloud), client, and consumer drives, now largely on multi-year exabyte long-term agreements (LTAs) with fixed/predictable pricing into CY2028-29. Cloud is ~89% of revenue.
Revenue
$3.34B Q3 FY2026+45% YoY); $11.78B TTM; FY2025 $9.52B (+51%) [fact]Rev growth
+45% YoYQ3 FY2026); FY2025 +51% [fact]Gross margin
50.5% non-GAAPQ3 FY2026), +1,040bps YoY; Q4 guide 51-52% [fact]Op margin
38.6%Q3 FY2026), op income $1.3B +106% YoY [fact]Capex intensity
~4.3% of revenue$145M capex / $3.34B, Q3 FY2026) — light vs. fabless-grade [fact]Market cap
~$233Bstockanalysis.com, June 25 2026; price ~$675, ~345M sh; sources vary $675-766 given extreme volatility, stock up ~250% YTD) [fact]Price · 1-year trend
real · weekly$675+967% 1yUSD
52-week range
$63 – $746
52w lowas of 2026-06-25 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityWeak
Memory super-cycle monitor
Full context
The read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Western Digital
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence