Western Digital (WDC)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $139.5B, Western Digital's free cash flow of $3.5B (fiscal 2026) would need to grow about 14% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Western Digital's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from WDC's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Western Digital's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $18.8B | $6.3B | $6.3B | $9.5B | $12.9B |
| Net income | $1.5B | -$1.7B | -$798M | $1.9B | $9.4B |
| Free cash flow | $758M | -$1.2B | -$781M | $1.3B | $3.5B |
| EPS (diluted) | $4.89 | -$5.37 | -$2.61 | $5.12 | $24.28 |
| Operating margin | 12.7% | -8.8% | -6.4% | 24.5% | 34.5% |
Where the revenue comes from
Revenue by segments, fiscal 2024.
Superinvestors who own WDC
From each investor's latest 13F filing (what a 13F shows). 6 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Trimmed | $1.9B | 0.66% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Trimmed | $330M | 0.20% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $107M | 0.25% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
New position | $32M | 0.03% | Q2 2026 |
| Robert Robotti Robotti & Company |
Trimmed | $14M | 2.2% | Q2 2026 |
| Lee Ainslie Maverick Capital |
New position | $1M | 0.01% | Q2 2026 |
Insider buying
Open-market purchases by Western Digital's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 29, 2026 | Ro Khanna |
0 | $278.41 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $278.41 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $278.41 | — |
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In the full deep dive
Questions
What growth does Western Digital's stock price imply?
At a market value of $139.5B, Western Digital would need its free cash flow to grow about 14% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 2% a year.
Are Western Digital insiders buying the stock?
3 open-market insider purchases of WDC in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Western Digital?
6 of the superinvestors Investingly tracks hold WDC in their latest 13F, including Cliff Asness, PRIMECAP Management, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.