Tearsheet

Western Digital (WDC)

Market Price (11/3/2025): $151.9 | Market Cap: $53.2 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Western Digital (WDC)

Market Price (11/3/2025): $151.9
Market Cap: $53.2 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 39%	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%	Stock price has recently run up significantly 6M Rtn6 month market price return is 237%, 12M Rtn12 month market price return is 206%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%		Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 175%

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 39%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Trading close to highs Dist 52W High is 0.0%, Dist 3Y High is 0.0%
3	Stock price has recently run up significantly 6M Rtn6 month market price return is 237%, 12M Rtn12 month market price return is 206%
4	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 175%

Market Valuation & Key Metrics

	11/3/25	2024	2023	2022
Share Price CYE	$151.90	$44.45	$39.04	$23.52
Market Cap CYE ($ Bil)	53.2	15.4	12.7	7.5
Total Debt ($ Bil)	4.7	4.7	7.4	7.1
Total Cash ($ Bil)	2.1	2.1	1.6	2.0
Enterprise Value ($ Bil)	55.8	20.1	20.1	14.6
Valuation Ratios
P/S TTM	4.0	2.2	2.7	1.6
P/EBIT TTM	24.7	13.9	-52.5	-18.6
P/E TTM	28.5	11.1	-21.4	-6.0
Sector Ratios
P/S TTM (Sector)	3.4	3.1	2.8	2.5
P/EBIT TTM (Sector)	1.7	-0.0	-0.1	-0.5
P/E TTM (Sector)	-0.3	-0.2	-0.4	-0.5

	11/3/25	2024
Share Price CYE	$151.90	$44.45
Market Cap CYE ($ Bil)	53.2	15.4
Total Debt ($ Bil)	4.7	4.7
Total Cash ($ Bil)	2.1	2.1
Enterprise Value ($ Bil)	55.8	20.1
Valuation Ratios
P/S TTM	4.0	2.2
P/EBIT TTM	24.7	13.9
P/E TTM	28.5	11.1
Sector Ratios
P/S TTM (Sector)	3.4	3.1
P/EBIT TTM (Sector)	1.7	-0.0
P/E TTM (Sector)	-0.3	-0.2

	WDC	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	13.3
Rev Chg Q	30.0%	6.6%
Rev Chg LTM	39.2%	5.5%
Rev Chg 3Y Avg	8.3%	5.2%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	2.8
CFO LTM ($ Bil)	1.7
Net Inc LTM ($ Bil)	1.9
Op Mgn LTM	21.1%	18.7%
CFO/Rev LTM	12.7%	20.3%
Net Inc Mgn	14.1%	12.8%
VALUATION	HIGH
P/S	4.2	3.2
P/CFO	32.8	15.1
P/FCF	43.4	20.3
P/E	29.7	23.6
STABILITY	VERY GOOD
Debt/Equity	0.08	0.21
Cash/Assets	0.15	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Number of Patents	33684	2024	Link
Active Patents	16385	2024	Link
Market Share in Enterprise Data Storage	0.21%	2025	Link
Number of Customers (Enterprise Data Storage)	2,847	2025	Link
Cloud Revenue Percentage of Total Revenue	89%	10/30/2025	Link
Exabytes Shipped	204	10/30/2025	Link
Client Devices Revenue Percentage of Total Revenue	5.84%	10/23/2025	Link
Retail Products Revenue Percentage of Total Revenue	6.54%	10/23/2025	Link
Days Inventory Outstanding	80	10/30/2025	Link

WDC Stock

Stock Price
Market Cap

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

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Stock Movement Drivers

Fundamental Drivers

The 96.5% change in WDC stock from 8/3/2025 to 11/2/2025 was primarily driven by a 74.5% change in the company's P/E Multiple.

	8032025	11022025	Change
Stock Price ($)	76.46	150.21	96.45%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	12678.00	13279.00	4.74%
Net Income Margin (%)	13.01%	14.07%	8.09%
P/E Multiple	16.13	28.14	74.52%
Shares Outstanding (Mil)	348.00	350.00	-0.57%
Cumulative Contribution			96.45%

LTM = Last Twelve Months as of date shown

Market Drivers

8/3/2025 to 11/2/2025

	Return	Correlation
WDC	96.5%
Market (SPY)	9.7%	30.5%
Sector (XLK)	17.0%	40.4%

Fundamental Drivers

The 237.1% change in WDC stock from 5/4/2025 to 11/2/2025 was primarily driven by a 199.5% change in the company's P/E Multiple.

	5042025	11022025	Change
Stock Price ($)	44.55	150.21	237.13%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	12678.00	13279.00	4.74%
Net Income Margin (%)	13.01%	14.07%	8.09%
P/E Multiple	9.40	28.14	199.50%
Shares Outstanding (Mil)	348.00	350.00	-0.57%
Cumulative Contribution			237.12%

LTM = Last Twelve Months as of date shown

Market Drivers

5/4/2025 to 11/2/2025

	Return	Correlation
WDC	237.1%
Market (SPY)	20.7%	32.9%
Sector (XLK)	39.0%	41.2%

Fundamental Drivers

The 205.9% change in WDC stock from 11/2/2024 to 11/2/2025 was primarily driven by a 311.5% change in the company's Net Income Margin (%).

	11022024	11022025	Change
Stock Price ($)	49.11	150.21	205.86%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10883.00	13279.00	22.02%
Net Income Margin (%)	3.42%	14.07%	311.54%
P/E Multiple	45.41	28.14	-38.03%
Shares Outstanding (Mil)	344.00	350.00	-1.74%
Cumulative Contribution			205.77%

LTM = Last Twelve Months as of date shown

Market Drivers

11/2/2024 to 11/2/2025

	Return	Correlation
WDC	205.9%
Market (SPY)	20.6%	60.9%
Sector (XLK)	35.0%	64.0%

Fundamental Drivers

The 497.7% change in WDC stock from 11/3/2022 to 11/2/2025 was primarily driven by a 241.3% change in the company's P/E Multiple.

	11032022	11022025	Change
Stock Price ($)	25.13	150.21	497.75%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	17478.00	13279.00	-24.02%
Net Income Margin (%)	5.51%	14.07%	155.32%
P/E Multiple	8.25	28.14	241.31%
Shares Outstanding (Mil)	316.00	350.00	-10.76%
Cumulative Contribution			490.83%

LTM = Last Twelve Months as of date shown

Market Drivers

11/3/2023 to 11/2/2025

	Return	Correlation
WDC	368.5%
Market (SPY)	60.5%	59.7%
Sector (XLK)	77.3%	64.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
WDC Return	-11%	18%	-52%	66%	14%	238%	224%
Peers Return	57%	67%	-47%	112%	38%	107%	739%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
WDC Win Rate	42%	50%	42%	58%	67%	90%
Peers Win Rate	60%	58%	37%	62%	55%	68%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
WDC Max Drawdown	-54%	-11%	-54%	-0%	-6%	-32%
Peers Max Drawdown	-28%	-11%	-52%	-2%	-8%	-29%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NVDA, AMD, MU, STX, NTAP. See WDC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/31/2025 (YTD)

How Low Can It Go

Unique Key	Event	WDC	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-60.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	155.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	518 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-58.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	143.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	348 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-67.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	203.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	2461 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-75.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	302.6%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	391 days	1480 days

Compare to NVDA, AMD, MU, STX, NTAP

In The Past

Western Digital's stock fell -60.9% during the 2022 Inflation Shock from a high on 6/4/2021. A -60.9% loss requires a 155.4% gain to breakeven.

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About Western Digital (WDC)

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.

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Western Digital (WDC):

The Intel of data storage.
The Samsung of digital storage drives.

AI Generated Analysis | Feedback

Hard Disk Drives (HDDs): Traditional magnetic storage devices used in data centers, surveillance systems, and personal computers.
Solid State Drives (SSDs): Faster, flash-based storage devices utilized in computers, gaming systems, and enterprise environments.
Embedded Flash Solutions: Integrated flash memory components designed for mobile devices, automotive systems, and various industrial applications.
Removable Flash Products: Portable storage solutions including SD cards, microSD cards, and USB flash drives, primarily under the SanDisk brand.
External Storage Devices: Consumer-oriented portable hard drives and desktop storage solutions for personal data backup and transfer.

AI Generated Analysis | Feedback

Western Digital (symbol: WDC) primarily sells its data storage products and solutions to other companies (B2B). Its major customers include global technology giants that integrate WDC's components into their products or utilize them extensively in their services. These customers primarily fall into categories such as hyperscale cloud service providers and Original Equipment Manufacturers (OEMs).

Here are some of Western Digital's major customer companies:

Amazon (AMZN): As a massive hyperscale cloud provider (Amazon Web Services - AWS), Amazon is a significant purchaser of Western Digital's enterprise-grade hard drives and solid-state drives for its data centers. Additionally, Amazon is a major retailer and e-tailer of Western Digital's branded consumer products (e.g., WD, SanDisk).
Microsoft (MSFT): Microsoft is a major customer through its Azure cloud platform, acquiring large volumes of storage for its global data centers. It also acts as an OEM for products like Xbox consoles and Surface devices, which may incorporate Western Digital components.
Alphabet (GOOGL): Through its Google Cloud Platform, Alphabet is another key hyperscale customer, utilizing Western Digital's storage solutions for its extensive cloud infrastructure.
Dell Technologies (DELL): Dell is a leading Original Equipment Manufacturer (OEM) of personal computers, servers, and storage systems. They integrate Western Digital's HDDs and SSDs into a wide range of their products.
HP Inc. (HPQ): As a major OEM of personal computers, laptops, and workstations, HP Inc. is a significant customer for Western Digital's client storage components.

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TDK Corporation (TYO: 6762)
Hoya Corporation (TYO: 7741)

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Irving Tan, Chief Executive Officer

Irving Tan was appointed Chief Executive Officer of Western Digital Corporation on October 10, 2024. Prior to this role, he served as the Executive Vice President for Global Operations at Western Digital. He possesses decades of experience in sales and global operations, market transitions, and customer and government dynamics, and is recognized for leading high-performing teams.

Kris Sennesael, Chief Financial Officer

Kris Sennesael assumed the role of Chief Financial Officer for Western Digital, effective May 12, 2025. He brings over 25 years of experience in finance and general management across the semiconductor and technology industries. Sennesael most recently served as CFO at Skyworks Solutions. His previous experience includes CFO positions at Enphase Energy and Standard Microsystems, as well as leadership roles at ON Semiconductor, AMI Semiconductor, and Alcatel Microelectronics. At Skyworks Solutions, he was involved in steering strategic initiatives and scaling the business through organic and inorganic growth strategies.

Cynthia Tregillis, Chief Legal Officer and Secretary

Cynthia Tregillis serves as the Chief Legal Officer and Secretary at Western Digital, overseeing the company's worldwide legal, risk management, compliance, and government relations functions. She provides counsel to the executive leadership team and the Board of Directors. She took on the Chief Legal Officer role on January 12, 2024, succeeding Michael C. Ray. Before this, she was the Senior Vice President, Deputy General Counsel, and Assistant Secretary at Western Digital.

Ahmed Shihab, Chief Product Officer

Ahmed Shihab is the Chief Product Officer at Western Digital. In this capacity, he is responsible for leading engineering and product strategy, as well as the innovation and development of the company's current and future products and solutions. With over 30 years of experience in product design and business leadership, Shihab has a track record of meeting customer and business needs by fostering a culture of quality and agile execution.

Vidyadhara Gubbi, Executive VP & Chief of Global Operations

Vidyadhara Gubbi holds the position of Executive VP & Chief of Global Operations at Western Digital. No additional specific background information was available in the provided search results.

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Interactive Breakdown

Western Digital Interactive Breakdown Analysis

Better Bets than Western Digital (WDC)

	WDC	Better Performance than WDC
Metric	Value	Industry (Technology Hardware, Storage &)
Rev Chg LTM	39.2%	SMCI (46.6%), IONQ (67.8%), QBTS (120.2%), UMAC (279.4%)
Rev Chg 3Y Avg	8.3%	PSTG (9.7%), SMCI (64.7%), IONQ (104.2%), QBTS (55.2%), QUBT (61.0%)
Op Mgn LTM	21.1%	AAPL (31.9%), NTAP (21.8%)
CFO/Rev LTM	12.7%	AAPL (26.6%), PSTG (23.9%), NTAP (27.9%), LOGI (18.2%), CRCT (38.0%)
FCF/Rev LTM	9.6%	AAPL (23.5%), PSTG (16.4%), NTAP (25.2%), LOGI (17.0%), CRCT (35.4%)
Total Yield	3.6%	DELL (5.7%), STX (3.8%), HPE (6.0%), HPQ (12.1%), NTAP (6.7%)

	WDC	Better Performance than WDC
Metric	Value	Sector (Information Technology)
Rev Chg LTM	39.2%	NVDA (71.6%), MU (48.9%), APP (48.2%), APH (47.4%), CRDO (175.8%)
Rev Chg 3Y Avg	8.3%	NVDA (92.0%), MSFT (13.2%), AVGO (24.0%), ORCL (10.2%), PLTR (25.7%)
Op Mgn LTM	21.1%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM	12.7%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM	9.6%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), AVGO (41.6%), PLTR (49.7%)
Total Yield	3.6%	CSCO (5.7%), IBM (4.9%), MU (3.6%), QCOM (7.8%), AMAT (4.4%)

	WDC	Better Performance than WDC
Metric	Value	All Other Sectors
Rev Chg LTM	39.2%	HOOD (59.6%), ENB (48.2%), COIN (48.6%), ALNY (53.2%), TFC (55.5%)
Rev Chg 3Y Avg	8.3%	GOOGL (11.0%), AMZN (11.3%), META (17.3%), TSLA (9.3%), BRK-B (16.6%)
Op Mgn LTM	21.1%	GOOGL (32.2%), META (43.2%), LLY (43.0%), V (66.5%), MA (58.3%)
CFO/Rev LTM	12.7%	GOOGL (39.3%), AMZN (18.1%), META (56.8%), TSLA (16.5%), LLY (20.5%)
FCF/Rev LTM	9.6%	GOOGL (19.1%), META (23.7%), V (56.8%), MA (52.5%), NFLX (20.7%)
Total Yield	3.6%	GOOGL (3.9%), META (3.9%), BRK-B (6.1%), JPM (6.5%), V (3.8%)

		Best Bets In Information Technology Sector
	WDC	VRSN	NVDA	RMBS	YOU	GEN	IDCC	DBX	QCOM	MPWR	CRUS
What You Pay
P/E	28.1	27.6	57.0	48.4	16.1	27.2	18.8	16.3	17.1	25.9	19.6
P/EBIT	24.5	19.9	48.9	41.2	19.1	10.0	15.2	13.8	15.2	72.8	14.6
What You Get
Rev Chg Q	30.0%	7.3%	55.6%	22.7%	17.5%	30.3%	28.0%	-1.4%	10.3%	31.0%	8.9%
Rev Chg LTM	39.2%	5.5%	71.6%	31.0%	19.8%	10.6%	28.8%	-0.0%	15.8%	34.3%	4.5%
Rev Chg 3Y Avg	8.3%	5.2%	92.0%	17.3%	35.5%	14.8%	27.1%	4.1%	1.4%	20.0%	0.6%
FCF/Rev 3Y Avg	-6.1%	57.4%	41.3%	39.3%	37.3%	35.9%	54.2%	32.9%	26.1%	25.8%	20.4%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Western Digital Earnings Notes
2	Western Digital Stock Shares Rally 8.7% In A Day, Should You Buy The Stock?	Buy or Fear
3	Western Digital Stock Jumped 8.7% in a Day, What Now?	Return
4	Day 5 of Gains Streak for Western Digital Stock with 23% Return (vs. 195% YTD) [10/3/2025]	Notification
5	Day 11 of Gains Streak for Western Digital Stock with 28% Return (vs. 132% YTD) [9/16/2025]	Notification
6	Day 10 of Gains Streak for Western Digital Stock with 27% Return (vs. 130% YTD) [9/15/2025]	Notification
7	Day 9 of Gains Streak for Western Digital Stock with 22% Return (vs. 120% YTD) [9/12/2025]	Notification
8	Day 8 of Gains Streak for Western Digital Stock with 20% Return (vs. 116% YTD) [9/11/2025]	Notification
9	Day 7 of Gains Streak for Western Digital Stock with 18% Return (vs. 114% YTD) [9/10/2025]	Notification
10	Day 6 of Gains Streak for Western Digital Stock with 18% Return (vs. 113% YTD) [9/9/2025]	Notification
11	ARTICLES
12	S&P 500 Movers \| Winners: FSLR, AMZN, WDC \| Losers: DXCM, MPWR, MSI		November 1st, 2025
13	S&P 500 Movers \| Winners: TER, STX, WDC \| Losers: FI, CZR, ENPH		October 30th, 2025
14	Western Digital vs Seagate Technology: Which Is the Stronger Buy Today?		October 24th, 2025
15	With Dell Technologies Stock Up 9.1% in a Day, Is It Time to Compare It Against Western Digital Stock?		October 9th, 2025
16	Seagate Technology Stock’s One-Day Drop Offers a Chance to Reevaluate Western Digital Stock		October 8th, 2025

	Title
0	DASHBOARDS
1	S&P 500 Movers \| Winners: FSLR, AMZN, WDC \| Losers: DXCM, MPWR, MSI
2	S&P 500 Movers \| Winners: TER, STX, WDC \| Losers: FI, CZR, ENPH
3	Western Digital vs Seagate Technology: Which Is the Stronger Buy Today?
4	With Dell Technologies Stock Up 9.1% in a Day, Is It Time to Compare It Against Western Digital Stock?
5	Seagate Technology Stock’s One-Day Drop Offers a Chance to Reevaluate Western Digital Stock
6	ARTICLES
7	Western Digital Earnings Notes
8	Western Digital Stock Shares Rally 8.7% In A Day, Should You Buy The Stock?
9	Western Digital Stock Jumped 8.7% in a Day, What Now?
10	Day 5 of Gains Streak for Western Digital Stock with 23% Return (vs. 195% YTD) [10/3/2025]
11	Day 11 of Gains Streak for Western Digital Stock with 28% Return (vs. 132% YTD) [9/16/2025]
12	Day 10 of Gains Streak for Western Digital Stock with 27% Return (vs. 130% YTD) [9/15/2025]
13	Day 9 of Gains Streak for Western Digital Stock with 22% Return (vs. 120% YTD) [9/12/2025]
14	Day 8 of Gains Streak for Western Digital Stock with 20% Return (vs. 116% YTD) [9/11/2025]
15	Day 7 of Gains Streak for Western Digital Stock with 18% Return (vs. 114% YTD) [9/10/2025]
16	Day 6 of Gains Streak for Western Digital Stock with 18% Return (vs. 113% YTD) [9/9/2025]

Trade Ideas

Select past ideas related to WDC. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.0%	0.0%	0.0%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper	10242025	MRVL	Marvell Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	11.4%	11.4%	0.0%
WDC_9302022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	09302022	WDC	Western Digital	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	15.7%	40.2%	-7.2%
WDC_3312019_Dip_Buyer_ValueBuy	03312019	WDC	Western Digital	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	27.3%	-6.9%	-37.5%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.0%	0.0%	0.0%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.0%	0.0%	0.0%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper	10242025	MRVL	Marvell Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	11.4%	11.4%	0.0%
WDC_9302022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	09302022	WDC	Western Digital	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	15.7%	40.2%	-7.2%
WDC_3312019_Dip_Buyer_ValueBuy	03312019	WDC	Western Digital	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	27.3%	-6.9%	-37.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BFLY	Butterfly Network	0.7	31.9%	-13.8%
BHF	Brighthouse Financial	3.3	24.9%	18.8%
ILMN	Illumina	19.4	24.8%	-7.6%
GDYN	Grid Dynamics	0.8	22.9%	-58.0%
ARDX	Ardelyx	1.5	21.0%	19.5%
PACB	Pacific Biosciences of California	0.7	20.6%	27.9%
TWLO	Twilio	20.7	19.5%	24.8%
TVTX	Travere Therapeutics	3.1	18.6%	101.8%
BJRI	BJ's Restaurants	0.8	18.4%	-3.3%
BFAM	Bright Horizons Family Solutions	6.3	18.4%	-1.5%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ATGE	Adtalem Global Education	3.5	-30.9%	7.9%
SVV	Savers Value Village	1.4	-30.4%	-10.1%
NWL	Newell Brands	1.4	-28.0%	-64.6%
SPSC	SPS Commerce	3.1	-20.8%	-55.3%
SOC	Sable Offshore	1.0	-18.5%	-54.3%
CPS	Cooper-Standard	0.5	-15.5%	122.9%
TBBK	Bancorp	3.0	-15.3%	24.2%
DXCM	DexCom	22.8	-14.6%	-25.1%
KOD	Kodiak Sciences	1.0	-13.9%	82.2%
AAUC	Allied Gold	1.7	-12.8%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PUMP	ProPetro	1.1	64.5%	11.3%
VTYX	Ventyx Biosciences	0.6	46.8%	289.5%
INBX	Inhibrx Biosciences	1.3	42.5%	430.3%
RNA	Avidity Biosciences	9.1	42.1%	140.2%
GCI	Gannett	0.8	40.6%	4.7%
CSIQ	Canadian Solar	1.4	38.4%	86.7%
DYN	Dyne Therapeutics	2.6	31.9%	-4.2%
ZBIO	Zenas BioPharma	1.3	30.8%	281.6%
IMVT	Immunovant	4.2	30.3%	-0.4%
BBNX	Beta Bionics	1.2	29.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LRN	Stride	2.9	-55.3%	-34.5%
NTLA	Intellia Therapeutics	1.3	-50.7%	8.2%
FMC	FMC	1.9	-50.2%	-67.4%
FI	Fiserv	36.7	-46.7%	-67.5%
VRNS	Varonis Systems	3.9	-43.5%	-20.7%
ATGE	Adtalem Global Education	3.5	-35.9%	7.9%
UAMY	United States Antimony	1.0	-32.8%	355.9%
SVV	Savers Value Village	1.4	-31.7%	-10.1%
NWL	Newell Brands	1.4	-31.7%	-64.6%
AKBA	Akebia Therapeutics	0.6	-27.1%	16.3%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PRAX	Praxis Precision Medicines	4.3	260.1%	158.3%
VTYX	Ventyx Biosciences	0.6	141.6%	289.5%
INBX	Inhibrx Biosciences	1.3	132.9%	430.3%
TMQ	Trilogy Metals	0.7	112.9%	283.6%
REPL	Replimune	0.9	109.2%	-19.7%
PUMP	ProPetro	1.1	93.3%	11.3%
VICR	Vicor	4.1	85.6%	87.8%
DYN	Dyne Therapeutics	2.6	79.9%	-4.2%
GLUE	Monte Rosa Therapeutics	1.1	68.4%	85.2%
NVTS	Navitas Semiconductor	2.7	64.2%	277.0%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
LRN	Stride	2.9	-53.2%	-34.5%
FMC	FMC	1.9	-51.7%	-67.4%
FI	Fiserv	36.7	-47.0%	-67.5%
SOC	Sable Offshore	1.0	-46.5%	-54.3%
VRNS	Varonis Systems	3.9	-40.8%	-20.7%
OGN	Organon	1.8	-38.3%	-53.7%
NTLA	Intellia Therapeutics	1.3	-38.3%	8.2%
VG	Venture Global	20.8	-37.8%
ITGR	Integer	2.3	-37.4%	-51.3%
NWL	Newell Brands	1.4	-34.7%	-64.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BFLY	Butterfly Network	0.7	31.9%	-13.8%
BHF	Brighthouse Financial	3.3	24.9%	18.8%
ILMN	Illumina	19.4	24.8%	-7.6%
GDYN	Grid Dynamics	0.8	22.9%	-58.0%
ARDX	Ardelyx	1.5	21.0%	19.5%
PACB	Pacific Biosciences of California	0.7	20.6%	27.9%
TWLO	Twilio	20.7	19.5%	24.8%
TVTX	Travere Therapeutics	3.1	18.6%	101.8%
BJRI	BJ's Restaurants	0.8	18.4%	-3.3%
BFAM	Bright Horizons Family Solutions	6.3	18.4%	-1.5%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ATGE	Adtalem Global Education	3.5	-30.9%	7.9%
SVV	Savers Value Village	1.4	-30.4%	-10.1%
NWL	Newell Brands	1.4	-28.0%	-64.6%
SPSC	SPS Commerce	3.1	-20.8%	-55.3%
SOC	Sable Offshore	1.0	-18.5%	-54.3%
CPS	Cooper-Standard	0.5	-15.5%	122.9%
TBBK	Bancorp	3.0	-15.3%	24.2%
DXCM	DexCom	22.8	-14.6%	-25.1%
KOD	Kodiak Sciences	1.0	-13.9%	82.2%
AAUC	Allied Gold	1.7	-12.8%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PUMP	ProPetro	1.1	64.5%	11.3%
VTYX	Ventyx Biosciences	0.6	46.8%	289.5%
INBX	Inhibrx Biosciences	1.3	42.5%	430.3%
RNA	Avidity Biosciences	9.1	42.1%	140.2%
GCI	Gannett	0.8	40.6%	4.7%
CSIQ	Canadian Solar	1.4	38.4%	86.7%
DYN	Dyne Therapeutics	2.6	31.9%	-4.2%
ZBIO	Zenas BioPharma	1.3	30.8%	281.6%
IMVT	Immunovant	4.2	30.3%	-0.4%
BBNX	Beta Bionics	1.2	29.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LRN	Stride	2.9	-55.3%	-34.5%
NTLA	Intellia Therapeutics	1.3	-50.7%	8.2%
FMC	FMC	1.9	-50.2%	-67.4%
FI	Fiserv	36.7	-46.7%	-67.5%
VRNS	Varonis Systems	3.9	-43.5%	-20.7%
ATGE	Adtalem Global Education	3.5	-35.9%	7.9%
UAMY	United States Antimony	1.0	-32.8%	355.9%
SVV	Savers Value Village	1.4	-31.7%	-10.1%
NWL	Newell Brands	1.4	-31.7%	-64.6%
AKBA	Akebia Therapeutics	0.6	-27.1%	16.3%

Peer Comparisons for Western Digital

Financials

	WDC	NVDA	AMD	MU	STX	NTAP	Median
Name	Western .	NVIDIA	Advanced.	Micron T.	Seagate .	NetApp
Mkt Price	150.21	202.49	256.12	223.77	255.88	117.78	213.13
Mkt Cap	52.6	4,933.9	415.7	251.1	55.0	23.7	153.0
Rev LTM	13,279	165,218	29,600	37,378	9,097	6,590	21,440
Op Inc LTM	2,806	95,981	2,453	9,809	1,915	1,436	2,630
FCF LTM	1,279	72,023	4,043	1,668	818	1,658	1,663
FCF 3Y Avg	-244	43,044	2,422	-1,443	703	1,380	1,041
CFO LTM	1,691	77,035	4,877	17,525	1,083	1,838	3,358
CFO 3Y Avg	330	45,866	3,063	9,197	981	1,563	2,313

Growth & Margins

	WDC	NVDA	AMD	MU	STX	NTAP	Median
Name	Western .	NVIDIA	Advanced.	Micron T.	Seagate .	NetApp
Rev Chg LTM	39.2%	71.6%	27.2%	48.9%	38.9%	3.3%	39.0%
Rev Chg 3Y Avg	8.3%	92.0%	11.7%	20.3%	-3.0%	0.8%	10.0%
Rev Chg Q	30.0%	55.6%	31.7%	46.0%	29.5%	1.2%	30.8%
QoQ Delta Rev Chg LTM	4.7%	11.2%	6.7%	10.5%	6.5%	0.3%	6.6%
Op Mgn LTM	21.1%	58.1%	8.3%	26.2%	21.1%	21.8%	21.5%
Op Mgn 3Y Avg	3.7%	51.0%	3.4%	-1.1%	9.4%	20.2%	6.6%
QoQ Delta Op Mgn LTM	2.4%	0.1%	-2.0%	3.7%	1.8%	0.1%	0.9%
CFO/Rev LTM	12.7%	46.6%	16.5%	46.9%	11.9%	27.9%	22.2%
CFO/Rev 3Y Avg	1.0%	44.5%	11.9%	30.3%	12.9%	24.4%	18.6%
FCF/Rev LTM	9.6%	43.6%	13.7%	4.5%	9.0%	25.2%	11.6%
FCF/Rev 3Y Avg	-6.1%	41.3%	9.3%	-11.5%	9.2%	21.5%	9.3%

Valuation

	WDC	NVDA	AMD	MU	STX	NTAP	Median
Name	Western .	NVIDIA	Advanced.	Micron T.	Seagate .	NetApp
Mkt Cap	52.6	4,933.9	415.7	251.1	55.0	23.7	153.0
P/S	4.0	29.9	14.0	6.7	6.0	3.6	6.4
P/EBIT	24.5	48.9	167.8	24.8	30.0	16.2	27.4
P/E	28.1	57.0	146.7	29.4	37.5	20.2	33.4
P/CFO	31.1	64.0	85.2	14.3	50.8	12.9	40.9
Total Yield	3.6%	1.8%	0.7%	3.6%	3.8%	6.7%	3.6%
Dividend Yield	0.0%	0.0%	0.0%	0.2%	1.1%	1.8%	0.1%
FCF Yield 3Y Avg	-3.0%	1.5%	1.1%	-2.4%	3.0%	6.6%	1.3%
D/E	0.1	0.0	0.0	0.1	0.1	0.1	0.1
Net D/E	0.0	-0.0	-0.0	0.0	0.1	-0.0	0.0

Returns

	WDC	NVDA	AMD	MU	STX	NTAP	Median
Name	Western .	NVIDIA	Advanced.	Micron T.	Seagate .	NetApp
1M Rtn	14.4%	7.9%	55.5%	19.1%	1.2%	-0.8%	11.2%
3M Rtn	96.5%	16.6%	49.2%	113.5%	65.8%	17.0%	57.5%
6M Rtn	237.1%	76.9%	159.2%	177.7%	177.3%	28.7%	168.2%
12M Rtn	205.9%	49.6%	80.5%	125.3%	164.4%	3.5%	102.9%
3Y Rtn	497.7%	1,410.6%	326.1%	325.3%	483.6%	86.4%	404.8%
1M Excs Rtn	12.6%	5.3%	49.0%	20.0%	-1.4%	-3.3%	9.0%
3M Excs Rtn	86.5%	4.4%	36.8%	99.7%	57.7%	6.5%	47.3%
6M Excs Rtn	216.8%	56.6%	138.9%	157.4%	157.0%	8.5%	148.0%
12M Excs Rtn	177.8%	26.1%	36.8%	90.4%	141.4%	-18.2%	63.6%
3Y Excs Rtn	392.6%	1,393.5%	250.2%	231.6%	351.4%	8.3%	300.8%

Financials

Annual
Quarterly

$ Mil \| FY: 6/27	LTM	2025	2024	2023	2022	2021	2020
Period End	6/27/2025	6/27/2025	6/28/2024	6/30/2023	7/1/2022	7/2/2021	7/3/2020
Filing Date	8/14/2025	8/14/2025	8/20/2024	8/22/2023	8/25/2022	8/27/2021	8/28/2020
Key Financials
Total Revenue	13,279	9,520	6,317	6,255	18,793	16,922	16,736
EBITDA	2,600	1,938	243	289	3,404	2,465	1,933
Operating Income	2,806	2,130	97	-402	2,434	1,173	367
Net Income	1,868	1,861	-798	-1,684	1,546	821	-250
EPS	5.91	5.31	-2.61	-5.37	4.96	2.69	-0.84
Growth Rates
Total Revenue Growth	39.2%	50.7%	1.0%	-66.7%	11.1%	1.1%	1.0%
EBITDA Growth	1704.9%	697.5%	-15.9%	-91.5%	38.1%	27.5%	-3.1%
Operating Income Growth	918.1%	2095.9%	124.1%	-116.5%	107.5%	219.6%	45.1%
Net Income Growth	331.8%	333.2%	52.6%	-208.9%	88.3%	428.4%	66.8%
Margins
EBITDA Margin	19.6%	20.4%	3.8%	4.6%	18.1%	14.6%	11.5%
Operating Income Margin	21.1%	22.4%	1.5%	-6.4%	13.0%	6.9%	2.2%
Net Income Margin	14.1%	19.5%	-12.6%	-26.9%	8.2%	4.9%	-1.5%
Cash & Debt
Total Cash	2,114	2,114	1,551	2,023	2,327	3,370	3,048
Total Debt	4,711	4,711	7,434	7,070	7,022	8,725	9,575
Net Debt / (Cash)	2,597	2,597	5,883	5,047	4,695	5,355	6,527
Cash Flows
Net Cash from Operations	1,691	1,691	-294	-408	1,880	1,898	824
Free Cash from Operations	1,279	1,279	-781	-1,229	758	752	177
Returns to Shareholders
Dividends	0	44	-0	-0	-0	-0	595
Share Repurchases	-0	149	5	-0	-0	-0	-0

$ Mil \| FY: 6/27	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	6/27/2025	3/28/2025	12/27/2024	9/27/2024	6/28/2024	3/29/2024	12/29/2023	9/29/2023	6/30/2023	3/31/2023	12/30/2022	9/30/2022
Filing Date	8/14/2025	5/2/2025	1/31/2025	10/31/2024	8/20/2024	4/30/2024	2/12/2024	11/7/2023	8/22/2023	5/10/2023	2/3/2023	11/2/2022
Key Financials Quarterly
Total Revenue	2,605	2,294	4,285	4,095	2,004	1,752	3,032	2,750	-3,391	2,803	3,107	3,736
Ebitda	507	275	956	862	47	236	-8	-437	239	-235	-94	370
Operating Income	681	559	776	790	246	100	-150	-539	93	-432	-245	182
Net Income	257	524	594	493	39	127	-287	-685	-709	-571	-451	27
EPS	1.37	1.46	1.68	1.40	0.92	0.35	-0.93	-2.17	-2.27	-1.82	-1.42	0.09
Key Financials TTM
Total Revenue TTM	13,279	12,678	12,136	10,883	9,538	4,143	5,194	5,269	6,255	14,174	15,752	17,478
Ebitda TTM	2,600	2,140	2,101	1,137	-162	30	-441	-527	280	896	1,684	2,742
Operating Income TTM	2,806	2,371	1,912	986	-343	-496	-1,028	-1,123	-402	86	846	1,820
Net Income TTM	1,868	1,650	1,253	372	-806	-1,554	-2,252	-2,416	-1,704	-648	-52	963
Growth Rates Quarterly
Total Revenue Growth	30.0%	30.9%	41.3%	48.9%	159.1%	-37.5%	-2.4%	-26.4%	-174.9%	-36.0%	-35.7%	-26.0%
EBITDA Growth	978.7%	16.5%	12050.0%	297.3%	-80.3%	200.4%	91.5%	-218.1%	-72.0%	-142.5%	-109.8%	-64.1%
Operating Income Growth	176.8%	459.0%	617.3%	246.6%	164.5%	123.1%	38.8%	-396.2%	-84.0%	-231.7%	-133.6%	-77.1%
Net Income Growth	559.0%	312.6%	307.0%	172.0%	105.5%	122.2%	36.4%	-2637.0%	-304.3%	-2384.0%	-180.0%	-95.6%
Margins Quarterly
EBITDA Margin	19.5%	12.0%	22.3%	21.1%	2.3%	13.5%	-0.3%	-15.9%	-	-8.4%	-3.0%	9.9%
Operating Income Margin	26.1%	24.4%	18.1%	19.3%	12.3%	5.7%	-4.9%	-19.6%	-	-15.4%	-7.9%	4.9%
Net Income Margin	9.9%	22.8%	13.9%	12.0%	1.9%	7.2%	-9.5%	-24.9%	-	-20.4%	-14.5%	0.7%
Cash & Debt
Total Cash	2,114	3,477	2,291	1,705	1,551	1,894	2,481	2,032	2,023	2,220	1,871	2,049
Total Debt	4,711	7,333	7,366	7,400	7,434	7,768	8,393	7,672	7,070	7,073	7,071	7,071
Net Debt / (Cash)	2,597	3,856	5,075	5,695	5,883	5,874	5,912	5,640	5,047	4,853	5,200	5,022
Cash Flows Quarterly
FCF from Operations	746	508	403	34	366	58	-92	-626	-68	-381	35	6
Cash Flows TTM
FCF from Operations TTM	1,691	1,311	861	366	-294	-728	-1,167	-1,040	-408	-45	734	1,365
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	2	3	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	27.2%	25.6%	26.0%	24.1%	9.7%	2.6%	-5.9%	-21.8%	4.0%	-18.8%	-11.4%	2.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	38.5%	27.1%	14.3%	9.6%	-3.4%	-4.5%	-9.8%	-11.4%	-4.3%	0.9%	9.8%	14.2%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Hard disk drives (HDD)	6,317	6,255	9,040	8,216	8,967
Flash-based products (Flash)		6,063	9,753	8,706	7,769
Total	6,317	12,318	18,793	16,922	16,736

Net Income by Segment

$ Mil	2025	2024	2023	2022	2021
Hard disk drives (HDD)	-765
Total	-765

Price Behavior

Price Behavior

Market Price	$150.21
Market Cap ($ Bil)	52.6
First Trading Date	01/02/1987
Distance from 52W High	0.0%
	50 Days	200 Days
DMA Price	$110.12	$67.32
DMA Trend	up	up
Distance from DMA	36.4%	123.1%
	3M	1YR
Volatility	55.1%	51.7%
Downside Capture	140.75	141.47
Upside Capture	403.05	226.22
Correlation (SPY)	33.0%	61.6%

WDC Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.27	1.71	1.56	1.28	1.60	1.60
Up Beta	-4.57	-3.55	-1.94	0.50	1.24	1.33
Down Beta	0.69	0.89	1.19	1.21	1.82	1.66
Up Capture	496%	759%	563%	464%	507%	1412%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	12	28	40	85	146	404
Down Capture	213%	159%	140%	20%	122%	109%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	11	16	25	41	104	348

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of WDC With Other Asset Classes (Last 1Y)
	WDC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	189.1%	31.3%	18.5%	45.3%	3.1%	-4.4%	56.7%
Annualized Volatility	51.5%	27.3%	19.6%	19.9%	16.3%	18.1%	37.0%
Sharpe Ratio	2.23	0.97	0.74	1.77	0.00	-0.39	0.94
Correlation With Other Assets		63.9%	61.0%	9.9%	26.3%	33.9%	19.6%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of WDC With Other Asset Classes (Last 5Y)
	WDC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	37.0%	21.4%	16.1%	15.6%	12.7%	5.9%	53.1%
Annualized Volatility	44.5%	24.7%	17.2%	15.6%	18.9%	19.2%	49.2%
Sharpe Ratio	0.86	0.78	0.77	0.80	0.56	0.23	0.80
Correlation With Other Assets		58.6%	58.0%	11.7%	18.5%	36.1%	22.7%

Based On 10-Year Data

		Comparison of WDC With Other Asset Classes (Last 10Y)
	WDC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	13.0%	22.6%	14.5%	12.7%	5.2%	5.0%	81.9%
Annualized Volatility	46.5%	24.2%	18.0%	14.7%	17.7%	20.9%	56.2%
Sharpe Ratio	0.44	0.86	0.70	0.71	0.23	0.21	0.98
Correlation With Other Assets		59.0%	59.5%	5.1%	25.1%	41.0%	16.4%

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	34,186,289
Short Interest: % Change Since 9302025	-7.2%
Average Daily Volume	10,379,028
Days-to-Cover Short Interest	3.29
Basic Shares Quantity	350,000,000
Short % of Basic Shares	9.8%

Returns Analyses

	Title
0	Western Digital Stock Jumped 8.7% in a Day, What Now?
1	WDC YTD Stock Return Of -100% Underperforms AMD by 0% and Underperforms AMD by 0%
2	Western Digital During 2008 Recession vs. 2022 Inflation Shock: WDC Stock Is Now 161% Higher Than Its Pre-Shock High
3	Western Digital (WDC) Stock Has 56% Chance Of Rise In The Next One Month
4	Western Digital Stock Return Comparison
5	Western Digital Total Shareholder Return (TSR): -15.4% in 2023 and -4.9% 3-yr returns (below peer average)
6	[9/28/2021] Western Digital (WDC) Stock Price Forecast: AI Forecasts WDC Stock Price To Be Around $59.8 In A Month (Up 2.4%)

SEC Filings

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Report Date	Filing Date	Filing
9302025	10312025	10-Q 10/3/2025
6302025	8142025	10-K 6/27/2025
3312025	5022025	10-Q 3/28/2025
12312024	1312025	10-Q 12/27/2024
9302024	10312024	10-Q 9/27/2024
6302024	8202024	10-K 6/28/2024
3312024	4302024	10-Q 3/29/2024
12312023	2122024	10-Q 12/29/2023
9302023	11072023	10-Q 9/29/2023
6302023	8222023	10-K 6/30/2023
3312023	5102023	10-Q 3/31/2023
12312022	2032023	10-Q 12/30/2022
9302022	11022022	10-Q 9/30/2022
6302022	8252022	10-K 7/1/2022
3312022	5042022	10-Q 4/1/2022
12312021	2032022	10-Q 12/31/2021

Insider Activity

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Industry Resources

Technology Hardware, Storage & Peripherals Resources

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Western Digital (WDC)

Market Price (11/3/2025): $151.9 | Market Cap: $53.2 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Western Digital (WDC)

Market Price (11/3/2025): $151.9Market Cap: $53.2 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals

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Market Price (11/3/2025): $151.9 | Market Cap: $53.2 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Market Price (11/3/2025): $151.9
Market Cap: $53.2 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals