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Western Digital (WDC) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 14, 2026
Western Digital (WDC) reported revenue of $3.7B for the fourth quarter fiscal 2026 (Q4 FY26), +44% from a year earlier and +12% from the quarter before. Operating margin was 41.7%, net earnings $3.2B (85.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +12% | +44% |
| Gross profit | $2.0B | +21% | +90% |
| Operating profit | $1.6B | +31% | +130% |
| Net earnings | $3.2B | -0.3% | 11× |
| Operating cash flow | $1.4B | +24% | +86% |
| Free cash flow | $1.3B | +31% | +90% |
What changed
Revenue was $3.7B in Q4 FY26, up 44% year over year and up 12% from the previous quarter. Cloud was the largest line at 89% of revenue.
Gross margin was 54.1%, up 13.2 points from Q4 FY25. Operating profit was $1.6B, a 41.7% margin (up 15.6 points year over year). Of the extra revenue versus Q4 FY25, 77% reached operating profit, above the 26% margin then. Operating expenses grew 20% against revenue growth of 44%. The fastest-growing cost line was SG&A (+11%). Net earnings were $3.2B, up 1033% year over year. The effective tax rate was 1.6%. Non-operating items added $1.7B, 52% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.4B (up 86% year over year), 43% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $1.9B. Capital expenditures of $0.11B left free cash flow of $1.3B.
Questions
What was Western Digital's revenue in the fourth quarter fiscal 2026?
Western Digital (WDC) reported revenue of $3.7B for the fourth quarter fiscal 2026 (Q4 FY26), +44% from a year earlier and +12% from the quarter before.
Was Western Digital profitable in the fourth quarter fiscal 2026?
Operating profit was $1.6B (41.7% of revenue) and net earnings $3.2B.
Source: Western Digital 10-K on SEC EDGAR.