Western Digital

WDC · Information Technology · Market cap $182B

Q3 FY26 Apr 3, 2026 reported May 1, 2026

Revenue$3.3B +45% year over year

Gross profit$1.7B

Operating profit$1.2B

Net profit$3.2B 96% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Apr 3, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.3	100%	+45%
Cloud	3	91%	+48%
Consumer	0.2	6%	+24%
Client Devices	0.2	6%	+31%
Cost of revenue	−1.7	52%
Gross profit	1.7	50% margin	+10pp
SG&A	−0.1	4%	+0pp
Other	−0.3	10%	+0pp
Operating profit	1.2	36% margin	+3pp
Tax	−0.2
Net profit	3.2	96%	+73pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jan 2, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3	100%	+25%
Cloud	2.7	90%	+28%
Client Devices	0.2	7%	+26%
Consumer	0.2	7%	−3%
Cost of revenue	−1.6	53%
Gross profit	1.4	46% margin	+8pp
SG&A	−0.1	4%	−1pp
Other	−0.3	11%	+0pp
Operating profit	0.9	30% margin	+7pp
Tax	−0.2
Net profit	1.8	61%	+36pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Oct 3, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.8	100%	+27%
Cloud	2.5	89%	+31%
Consumer	0.2	7%	−1%
Client Devices	0.1	4%	+5%
Cost of revenue	−1.6	57%
Gross profit	1.2	44% margin	+7pp
SG&A	−0.1	5%	−4pp
Other	−0.3	11%	+0pp
Operating profit	0.8	28% margin	+13pp
Tax	−0.1
Net profit	1.2	42%	+20pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Mar 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.3	100%	+31%
Cloud	2	87%	+38%
Consumer	0.2	9%	−4%
Client Devices	0.1	4%	−2%
Cost of revenue	−1.4	61%
Gross profit	0.9	40% margin	+10pp
SG&A	−0.2	5%	−5pp
Other	−0	2%	+0pp
Operating profit	0.8	33% margin	+28pp
Interest & other costs	−1
Net profit	0.5	23%	+15pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Apr 3, 2026	May 1, 2026	$3.3B	+45%	36%	$3.2B	96%
Q2 FY26	Oct 4, 2025 – Jan 2, 2026	Jan 30, 2026	$3B	+25%	30%	$1.8B	61%
Q1 FY26	Jun 28 – Oct 3, 2025	Oct 31, 2025	$2.8B	+27%	29%	$1.2B	42%
Q3 FY25	Dec 28, 2024 – Mar 28, 2025	May 2, 2025	$2.3B	+31%	35%	$0.5B	23%