Filing Flows › Western Digital (WDC) › Q3 FY26
Western Digital (WDC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 1, 2026
Western Digital (WDC) reported revenue of $3.3B for the third quarter fiscal 2026 (Q3 FY26), +45% from a year earlier and +11% from the quarter before. Operating margin was 35.7%, net earnings $3.2B (96.0% of revenue).
Western Digital, Q3 FY26: revenue $3.3B (+46% year over year), operating margin 35.7%, net earnings $3.2B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +11% | +45% |
| Gross profit | $1.7B | +21% | +84% |
| Operating profit | $1.2B | +31% | +57% |
| Net earnings | $3.2B | +74% | +516% |
| Operating cash flow | $1.1B | +51% | +121% |
| Free cash flow | $978M | +50% | +158% |
What changed
Revenue was $3.3B in Q3 FY26, up 45% year over year and up 11% from the previous quarter. Cloud was the largest line at 89% of revenue. Cloud added $1.0B year over year (up 48%), 93% of the total change.
Gross margin was 50.2%, up 10.5 points from Q3 FY25. Operating profit was $1.2B, a 35.7% margin (up 2.5 points year over year). Of the extra revenue versus Q3 FY25, 41% reached operating profit, above the 33% margin then. Operating expenses grew 220% against revenue growth of 45%. Net earnings were $3.2B, up 516% year over year. The effective tax rate was 4.6%. Non-operating items added $2.2B, 65% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.1B (up 121% year over year), 35% of net earnings. Non-cash charges added back $0.05B of share-based compensation. Working capital and other items used $2.1B. Capital expenditures of $0.14B left free cash flow of $1.0B.
Questions
What was Western Digital's revenue in the third quarter fiscal 2026?
Western Digital (WDC) reported revenue of $3.3B for the third quarter fiscal 2026 (Q3 FY26), +45% from a year earlier and +11% from the quarter before.
Was Western Digital profitable in the third quarter fiscal 2026?
Operating profit was $1.2B (35.7% of revenue) and net earnings $3.2B.
Source: Western Digital 10-Q on SEC EDGAR.