SuperworthWestern Digital profit margin WDC
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 69.2%
- Operating margin, 12 months
- 39.4%
- Net margin on a year earlier
- +43.7 pts
- Peer median
- 11.9%
Over the twelve months to Oct 2, 2026, Western Digital kept 69.2% of its revenue as net profit, with an operating margin of 39.4%.
Five years earlier its net margin was 8.3%.
The median for 10 computer hardware stocks of a similar size is 11.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 72.9% | 34.5% | 48.9% |
| FY2025 | 19.8% | 24.5% | 38.8% |
| FY2024 | −12.6% | −7.9% | 28.1% |
| FY2023 | −13.9% | −10.4% | 15.3% |
| FY2022 | 8.0% | 12.7% | 31.3% |
| FY2021 | 4.9% | 7.2% | 26.7% |
| FY2020 | −1.5% | 2.0% | 22.6% |
| FY2019 | −4.6% | 0.5% | 22.6% |
| FY2018 | 3.3% | 17.5% | 37.3% |
| FY2017 | 2.1% | 10.2% | 31.8% |
| FY2016 | 1.9% | 3.6% | 26.4% |
| FY2015 | 10.1% | 11.1% | 29.0% |
| FY2014 | 10.7% | 11.8% | 28.8% |
| FY2013 | 6.4% | 8.2% | 28.4% |
| FY2012 | 12.9% | 14.2% | 29.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q1 FY27 | 69.2% | +43.7 pts | 39.4% | |
| Q4 FY26 | 72.9% | +53.1 pts | 34.5% | |
| Q3 FY26 | 55.3% | +36.8 pts | 30.3% | |
| Q2 FY26 | 35.6% | +20.6 pts | 29.3% | |
| Q1 FY26 | 25.5% | +20.3 pts | 27.6% | |
| Q4 FY25 | 19.8% | +32.5 pts | 24.5% | |
| Q3 FY25 | 18.5% | +40.7 pts | 21.0% | |
| Q2 FY25 | 15.1% | +43.2 pts | 14.4% | |
| Q1 FY25 | 5.2% | +30.0 pts | 5.9% | |
| Q4 FY24 | −12.6% | +1.2 pts | −7.9% | |
| Q3 FY24 | −22.2% | −17.3 pts | −19.5% | |
| Q2 FY24 | −28.1% | −27.5 pts | −24.0% |
Against its peers
Companies in Computer Hardware nearest Western Digital's size, closest first, today.
| Company | Profit margin |
|---|---|
| WDCWestern Digital | 69.2% |
| STXSeagate Technology | 26.1% |
| SNDKSandisk | 56.5% |
| HPEHewlett Packard Enterprise | 6.4% |
| ANETArista Networks | 38.4% |
| DELLDell Technologies | 7.5% |
| NTAPNetApp | 19.2% |
| PEverpure | 5.9% |
| HPQHP | 4.1% |
| SMCISuper Micro Computer | 5.7% |
| LOGILogitech International | 16.3% |
| Peer median | 11.9% |
Where Western Digital ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Western Digital
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.