WDC Western Digital margins

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Relative Growth: Rel. Growth: 97
Relative Strength: Rel. Strength: 94
Relative Valuation: Rel. Valuation: 73
Relative Profitability: Rel. Profitability: 98
Gross margin
48.9%
Operating margin
34.5%
EBITDA margin
80.8%
Net margin
72.9%

For this period, Western Digital reports a gross margin of 48.9%, an operating margin of 34.5%, an EBITDA margin of 80.8%, and a net margin of 72.9%. EBITDA margin drove the improvement across the available margins, increasing by 57.9 percentage points.

WDC margin history

Gross, operating, EBITDA and net margin trends

Western Digital's margins averaged 33.7% gross, 11.95% operating, 24.08% EBITDA, and 13.73% net during the last 3 years. Currently all four current margins are above their three-year averages.

WDC margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with EBITDA margin showing the largest gain at 57.9 percentage points.

Gross margin expansion
10.1pp
Operating margin expansion
10pp
EBITDA margin expansion
57.9pp
Net margin expansion
53.1pp

WDC Gross margin

Across the last 3 years, Western Digital's gross margin averaged 33.7%. The current gross margin of 48.9% is 15.2 percentage points above its three-year average. Gross margin was highest at 48.9% in Jul 2026 and lowest at 9.1% in Dec 2023.

WDC Operating margin

Across the last 3 years, Western Digital's operating margin stood at 11.95%. The current operating margin stands at 34.5%, 22.6 percentage points above its three-year average. Operating margin was highest at 34.5% in Jul 2026 and lowest at -22.9% in Dec 2023.

WDC EBITDA margin

Across the last 3 years, Western Digital's EBITDA margin came to 24.08%. The current EBITDA margin stands at 80.8%, 56.7 percentage points above its three-year average. EBITDA margin was highest at 80.8% in Jul 2026 and lowest at -23.5% in Dec 2023.

WDC Net margin

Western Digital recorded an average net margin of 13.73% across the last 3 years. Western Digital currently reports a net margin of 72.9%, 59.2 percentage points above its three-year average. During this period, net margin reached a high of 72.9% in Jul 2026 and a low of -43.4% in Dec 2023.

WDC margin group comparison

Margins compared with peer-group, industry and sector averages

Western Digital's gross margin of 48.9% is higher than the industry and its peers average but lower than the Technology sector average. In comparison with the Technology sector average of 52.1%, Western Digital's gross margin is 6% lower.

WDC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Western Digital's gross margin?

For the period ending Jul 3, 2026, WDC recorded a gross margin of 48.9%.

What is Western Digital's operating margin?

As of Jul 3, 2026, WDC has an operating margin of 34.5%.

What is Western Digital's EBITDA margin?

The current EBITDA margin for WDC is 80.8% as of Jul 3, 2026.

What is Western Digital's net margin?

The current net margin for WDC is 72.9% as of Jul 3, 2026.

What are the average margins of WDC?

Over the last 3 years, Western Digital's margins averaged 33.7% gross, 12.0% operating, 24.1% EBITDA, and 13.7% net.

What are the highest historical margins of WDC?

Across the 5-year period, WDC posted its highest margins at 48.9% gross in Jul 2026, 34.5% operating in Jul 2026, 80.8% EBITDA in Jul 2026, and 72.9% net in Jul 2026.

What are the lowest historical margins of WDC?

Over this 5-year history, Western Digital's margins fell as low as 9.1% gross in Dec 2023, -24.7% operating in Sep 2023, -24.8% EBITDA in Sep 2023, and -45.9% net in Sep 2023.