Filing Flows › Western Digital (WDC) › Q4 FY26 › vs Q4 FY25
Western Digital (WDC) Q4 FY26 vs Q4 FY25 (year over year)
Western Digital's revenue rose $1.1B (+44%) from $2.6B in Q4 FY25 to $3.7B in Q4 FY26. Gross margin 54.1% against 41.0% (+13.2 pts).
Western Digital, Q4 FY26: revenue $3.7B (+44% year over year), operating margin 41.7%, net earnings $3.2B, operating cash flow $1.4B. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 54.1% | 41.0% | +13.2 pts |
| Operating margin | 41.7% | 26.1% | +15.6 pts |
| Net margin | 85.3% | 10.8% | +74.4 pts |
| Free cash flow margin | 34.2% | 25.9% | +8.3 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $3.7B | $2.6B | $1.1B | +44% |
| Gross profit | $2.0B | $1.1B | $961M | +90% |
| Cost of revenue | $1.7B | $1.5B | $181M | +12% |
| Other income, net | $1.7B | −$303M | $2.0B | — |
| Operating profit | $1.6B | $680M | $883M | +130% |
| Operating expenses | $465M | $387M | $78.0M | +20% |
| Pre-tax earnings | $3.2B | $377M | $2.9B | +761% |
| Research & development | $284M | $262M | $22.0M | +8% |
| SG&A | $138M | $124M | $14.0M | +11% |
| Net earnings | $3.2B | $282M | $2.9B | 11× |
| Income tax | $52.0M | $95.0M | −$43.0M | -45% |
| Depreciation & amortization | $99.0M | $86.0M | $13.0M | +15% |
| Share-based compensation | $45.0M | $45.0M | $0 | 0% |
| Working capital & other | $1.9B | −$333M | $2.3B | — |
| Operating cash flow | $1.4B | $746M | $643M | +86% |
| Free cash flow (OCF − capex) | $1.3B | $675M | $606M | +90% |
| Capital expenditures | $108M | $71.0M | $37.0M | +52% |
Questions
How much did Western Digital's revenue grow year over year in Q4 FY26?
Western Digital's revenue rose $1.1B (+44%) from $2.6B in Q4 FY25 to $3.7B in Q4 FY26. Gross margin 54.1% against 41.0% (+13.2 pts).