WDCWestern Digital

Technology · Computer Storage · Nasdaq

Western Digital was founded in 1970 and is a Standard & Poor’s 500 (“S&P 500”) company headquartered in San Jose, California. 10-K, Item 1

Employees: 40,000
Headquarters: San Jose, CA
CEO: Irving Tan
Next results: around Jan 28, 2027

Compare with peers → Embed

RevenueFY2017–26 $12.9B+35.7% FY2025: $9.5B 10-K FY2026 · XBRL Net incomeFY2017–26 $9.4B+398.9% Highest in 10 years 10-K FY2026 · XBRL Free cash flowFY2017–26 $3.5B+174.5% Highest in 10 years 10-K FY2026 · XBRL Operating marginFY2017–26 34.5%+10.0 pts 10.2% in FY2017 10-K FY2026 · XBRL

What changed

10-K filed Aug 14, 2026 against Aug 14, 2025

Area	What changed	Source
Risk factors	19 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Cash from operations lower than net income	Cash from operations $3.9B vs net income $9.4B (FY ending 2026-07-03)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Aug 14, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-08-14. Quoted as filed.

Additionally, new technologies could impact demand for our products in unforeseen or unexpected ways. For example, if a shift away from Cloud and toward on-premises hardware diminishes the need for large-scale data center infrastructure, demand
10-K, Item 1A

All 19 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Cash from operations lower than net incomeCash from operations $3.9B vs net income $9.4B (FY ending 2026-07-03)
✓
Receivables +36.3% vs revenue +35.7% (+0.6 pts)
✓
Inventory +17.0% vs revenue +35.7% (-18.7 pts)
✓
Same auditor in both 10-Ks: KPMG LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Evaluation of sufficiency of audit evidence over certain variable consideration reductions to revenue; Tax-free determination of the Flash business separation and debt-for-equity and equity-for-equity exchanges
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 23, 202610-Q Quarterly report (10-Q) period ended Oct 2, 2026
Oct 22, 20268-K Quarterly results 8-K item 2.02

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Work on WDC in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WDC/export.csv") into a cell.