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Western Digital vs NetApp: WDC and NTAP compared
Western Digital is the larger company: $4.4B of revenue in its latest quarter (Q1 FY27) against $1.8B for NetApp (Q1 FY27). Western Digital is growing faster (+56% against +30% a year earlier). Western Digital is more profitable, with an operating margin of 46.7% against 26.6%.
Where the money goes: WDC and NTAP
Western Digital (WDC) · Q1 FY27
Western Digital, Q1 FY27: revenue $4.4B (+56% year over year), operating margin 46.7%, net earnings $1.8B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
NetApp (NTAP) · Q1 FY27
NetApp, Q1 FY27: revenue $1.8B (+30% year over year), operating margin 26.6%, net earnings $375M, operating cash flow $503M. The chart follows the revenue to costs, profit and cash.
| Western Digital (WDC) | NetApp (NTAP) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q1 FY27 |
| Revenue | $4.4B | $1.8B |
| Revenue growth, Y/Y | +56% | +30% |
| Gross margin | 57.8% | 78.0% |
| Operating margin | 46.7% | 26.6% |
| Net earnings | $1.8B | $375M |
| Net margin | 40.6% | 20.6% |
| Operating cash flow | $1.6B | $503M |
| Free cash flow | $1.4B | $401M |
| Market value | $102.8B | $34.5B |
| P/E | 10.4× | 24.3× |
| Analysts’ mean target | $613.38 | $211.69 |
Where the revenue comes from
Western Digital
- Cloud: $3.9B (88%)
- Client: $320M (7%)
- Consumer: $193M (4%)
NetApp
- All-Flash Revenues: $1.3B (72%)
- Hybrid-Flash and Other Revenues: $510M (28%)
Questions
Which is bigger, Western Digital or NetApp?
Western Digital is the larger company: $4.4B of revenue in its latest quarter (Q1 FY27) against $1.8B for NetApp (Q1 FY27).
Is Western Digital or NetApp growing faster?
Western Digital is growing faster (+56% against +30% a year earlier).
Which is more profitable, Western Digital or NetApp?
Western Digital is more profitable, with an operating margin of 46.7% against 26.6%.
More: Western Digital earnings · how Western Digital makes money · NetApp earnings · how NetApp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.