45.5%$3.34
Revenue Growth
WDC achieved a 45.5% year-over-year increase in revenue, reaching $3.34 billion, primarily driven by strong demand across its product lines.
Source: Source: 10-Q Income Statement, p.1
AI Takeaway
WDC reported a significant increase in net income and EPS for Q3 FY2026, driven by strong revenue growth and improved margins, despite a reduction in total assets and cash reserves.
Revenue
$3.34B
++45.47% YoY
EPS (Basic)
$9.26
++534.25% YoY
Gross Margin
50.2%
++10.47% YoY
Operating Income
$1.19B
++56.58% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
WDC achieved a 45.5% year-over-year increase in revenue, reaching $3.34 billion, primarily driven by strong demand across its product lines.
Source: Source: 10-Q Income Statement, p.1
Gross margin improved by 10.5 percentage points to 50.2%, reflecting better cost management and higher sales volume.
Source: Source: 10-Q Income Statement, p.1
The company significantly reduced its long-term debt by 78.4%, enhancing its financial stability.
Source: Source: 10-Q Balance Sheet, p.1
WDC experienced a significant decline in cash and equivalents by 41%, which could impact its liquidity position if cash flow volatility continues.
Source: Source: 10-Q Balance Sheet, p.1
Unlock 2 more detailed risk analysis
Upgrade to unlockReported EPS of $2.72 versus the $2.41 analyst consensus — a +12.7% beat for Q3 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $3.34B | $2.29B | +45.47% |
Cost of Revenue | $1.66B | $1.38B | +20.19% |
Gross Profit | $1.68B | $912M | +83.77% |
Operating Income | $1.19B | $760M | +56.58% |
Net Income | $3.21B | $520M | +516.35% |
EPS (Basic) | $9.26 | $1.46 | +534.25% |
EPS (Diluted) | $8.20 | $1.42 | +477.46% |
SG&A Expense | $147M | $108M | +36.11% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $15.04B | $16.37B | -8.08% |
Current Assets | $6.91B | $8.09B | -14.53% |
Total Liabilities | $5.37B | $10.96B | -51.06% |
Current Liabilities | $4.64B | $5.18B | -10.52% |
Stockholders' Equity | $9.68B | $5.18B | +86.98% |
Cash & Equivalents | $2.05B | $3.48B | -41.04% |
Long-Term Debt | $1.58B | $7.33B | -78.44% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $2.54B | $945M | +168.78% |
Investing Cash FlowYTD | $-318M | $220M | -244.55% |
Financing Cash FlowYTD | $-2.28B | $430M | -630.93% |
Share BuybacksYTD | $1.92B | $0 | — |
D&AYTD | $276M | $365M | -24.38% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 50.2% | 39.8% | +10.47% |
Operating Margin | 35.7% | 33.1% | +2.53% |
Net Margin | 96.0% | — | — |
ROE | 33.1% | — | — |
ROA | 21.3% | — | — |
Current Ratio | $1.49 | — | — |
Debt to Equity | $0.554 | — | — |
Other companies in Technology Hardware, Storage & Peripherals
WDC reported a substantial increase in net income to $3.21 billion and EPS of $9.26, significantly exceeding prior year figures, indicating strong performance.
Key takeaways include a 45.5% increase in revenue, a 516.3% rise in net income, and improved margins, despite a reduction in total assets and cash reserves.
WDC faces risks such as cash flow volatility, a decrease in total assets by 8.1%, and negative investing cash flow, which could impact future growth.
WDC's revenue grew by 45.5% to $3.34 billion, driven by strong demand across its product lines.
WDC shows strong profitability with a 516.3% increase in net income, but faces challenges with reduced cash reserves and total assets.