Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

Western Digital Corporation

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Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	1,140	8,380	535	5,782	-588	6,843
Total Revenues %Chg	113.1%	44.9%	-191%	-15.5%	-106.6%	-30.8%
Revenue, Net
Cost of Sales	515	5,313	-647	5,191	-470	5,334
Cost of Revenue
Gross Profit	625	3,067	1,182	591	-118	1,509
Gross Profit
Gross Profit Margin	54.8%	36.6%	220.9%	10.2%	20.1%	22.1%
Selling, General & Administrative Expenses	88	480	321	405	310	497
Selling, General and Administrative
Research & Development Expenses	-27	1,021	75	875	-89	1,075
Research and Development
Other Operating Expenses	-402	198	383	117	46	100
Charges Related to Arbitration Award
Loss on Business Divestiture
Business Separation Costs
Litigation Matter
Employee Termination, Asset Impairment and Other
Operating Profit	740	1,594	403	-806	-385	-163
Operating Income
Operating Margin	64.9%	19%	75.3%	-13.9%	65.5%	-2.4%
Interest and Investment Income	25	20	13	20	14	5
Interest Income
Interest and Other Income
Interest Expense	-163	-194	-208	-206	-167	-143
Interest Expense
Interest and Other Expense
Non-Operating Income	-841	-51	-6	51	-23	13
Gain on Retained Interest in Sandisk
Loss on Extinguishment of Debt
Other Income, Net
Total Non-Operating Income	-979	-225	-201	-135	-176	-125
Income Before Provision for Income Taxes	-239	1,369	202	-941	-561	-288
Income Before Taxes
Provision for Income Taxes	-1,493	282	-9	31	-63	116
Income Tax Expense
Income Tax Benefit
Consolidated Net Income	802	1,087	174	-972	-1,280	-404
Net Income
Net Income Attributable to Preferred Dividends	25	-25	29	-29	—	—
Less: Cumulative Dividends Allocated to Preferred Shareholders
Less: Income Attributable to Preferred Shareholders
Net Income Attributable to Discontinued Operations	246	—	-33	—	-782	—
Net Income from Discontinued Operations, Net of Taxes
Net Income Attributable to Common Shareholders	-1,062	1,062	1,001	-1,001	404	-404
Net Income Attributable to Common Shareholders
Basic EPS	1.5	3.1	0.6	-3.1	-1.6	-1.3
Diluted EPS	1.5	3	0.6	-3.1	-1.6	-1.3
Basic Weighted Average Shares Outstanding	349	345	328	324	319	317
Total Shares Outstanding	347	348	343	326	322	319
Diluted Weighted Average Shares Outstanding	361	357	328	324	319	317
EBITDA	936	1,849	681	-516	13	267
Effective Tax Rate	624.7%	20.6%	-4.5%	-3.3%	11.2%	-40.3%