Stock Analysis on Net
Stock Analysis on Net

Western Digital Corp. (NASDAQ:WDC)

This company has been moved to the archive! The financial data has not been updated since February 12, 2024.

Common-Size Income Statement 
Quarterly Data

Western Digital Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Dec 29, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 30, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Jan 1, 2021 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Jan 3, 2020 Oct 4, 2019 Jun 28, 2019 Mar 29, 2019 Dec 28, 2018 Sep 28, 2018 Jun 29, 2018 Mar 30, 2018 Dec 29, 2017 Sep 29, 2017
Revenue, net 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of revenue -83.77 -96.40 -96.56 -89.80 -83.01 -73.74 -68.09 -73.04 -67.25 -67.04 -68.17 -73.63 -75.65 -76.95 -74.74 -75.93 -77.92 -81.24 -87.20 -84.24 -75.34 -66.91 -63.81 -61.56 -62.28 -63.08
Gross profit 16.23% 3.60% 3.44% 10.20% 16.99% 26.26% 31.91% 26.96% 32.75% 32.96% 31.83% 26.37% 24.35% 23.05% 25.26% 24.07% 22.08% 18.76% 12.80% 15.76% 24.66% 33.09% 36.19% 38.44% 37.72% 36.92%
Research and development -14.64 -15.67 -17.14 -16.98 -16.83 -14.78 -13.21 -13.06 -11.90 -11.44 -12.15 -13.42 -13.57 -14.15 -12.74 -13.49 -13.65 -14.21 -14.39 -14.81 -12.73 -11.46 -11.28 -12.01 -11.79 -11.43
Selling, general and administrative -6.53 -7.53 -8.65 -8.63 -8.05 -6.61 -5.87 -6.41 -5.77 -5.76 -6.04 -6.94 -6.72 -6.53 -6.27 -6.73 -7.04 -7.55 -8.23 -9.61 -7.30 -7.08 -6.88 -7.50 -7.14 -7.03
Employee termination, asset impairment, and other -0.79 -2.07 -1.98 -1.43 -2.45 -0.64 -0.42 -0.09 -0.04 -0.36 0.08 1.64 -0.05 -0.59 -0.16 -0.19 -0.21 -0.20 -0.66 -2.07 -0.47 -0.91 -1.56 -0.70 -0.90 -1.00
Business separation costs -1.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating expenses -23.15% -25.27% -27.77% -27.04% -27.33% -22.03% -19.50% -19.56% -17.71% -17.56% -18.11% -18.71% -20.34% -21.26% -19.17% -20.41% -20.90% -21.96% -23.28% -26.48% -20.51% -19.45% -19.72% -20.21% -19.83% -19.46%
Operating income (loss) -6.93% -21.67% -24.33% -16.84% -10.33% 4.23% 12.41% 7.40% 15.04% 15.40% 13.72% 7.66% 4.01% 1.78% 6.09% 3.66% 1.18% -3.19% -10.48% -10.72% 4.16% 13.64% 16.47% 18.23% 17.90% 17.47%
Interest income 0.40 0.29 0.34 0.36 0.10 0.05 0.04 0.02 0.02 0.04 0.02 0.05 0.05 0.05 0.05 0.14 0.19 0.30 0.39 0.35 0.35 0.30 0.27 0.32 0.26 0.31
Interest expense -3.56 -3.56 -3.33 -2.85 -2.35 -1.87 -1.66 -1.71 -1.57 -1.54 -1.63 -1.96 -2.05 -2.14 -2.03 -2.37 -2.48 -3.02 -3.22 -3.21 -2.79 -2.31 -2.23 -3.19 -3.69 -3.96
Other income (expense), net 1.55 0.15 0.00 0.46 0.19 -0.16 0.49 0.27 -0.12 0.04 0.00 0.27 0.15 0.23 0.21 -0.34 0.17 0.05 0.28 0.60 0.19 -0.04 -0.27 -17.91 0.04 -0.12
Interest and other income (expense), net -1.62% -3.13% -2.99% -2.03% -2.06% -1.98% -1.13% -1.42% -1.68% -1.47% -1.61% -1.64% -1.85% -1.86% -1.77% -2.56% -2.13% -2.67% -2.56% -2.26% -2.24% -2.05% -2.23% -20.79% -3.39% -3.76%
Income (loss) before taxes -8.54% -24.80% -27.32% -18.87% -12.39% 2.25% 11.29% 5.98% 13.37% 13.94% 12.11% 6.02% 2.16% -0.08% 4.32% 1.10% -0.94% -5.87% -13.04% -12.98% 1.91% 11.60% 14.25% -2.55% 14.51% 13.70%
Income tax (expense) benefit -0.92 -0.11 0.56 -1.53 -1.96 -1.53 -4.64 -5.41 -1.70 -1.86 0.53 -1.26 -0.58 -1.45 -0.86 -0.69 -2.34 -0.97 7.62 -2.83 -13.42 -1.43 0.53 3.77 -29.93 -0.56
Net income (loss) -9.47% -24.91% -26.76% -20.41% -14.35% 0.72% 6.65% 0.57% 11.67% 12.08% 12.64% 4.76% 1.57% -1.53% 3.45% 0.41% -3.28% -6.83% -5.42% -15.81% -11.50% 10.16% 14.77% 1.22% -15.42% 13.14%
Cumulative dividends allocated to preferred shareholders -0.46 -0.55 -0.56 -0.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income (loss) attributable to common shareholders -9.93% -25.45% -27.32% -20.73% -14.35% 0.72% 6.65% 0.57% 11.67% 12.08% 12.64% 4.76% 1.57% -1.53% 3.45% 0.41% -3.28% -6.83% -5.42% -15.81% -11.50% 10.16% 14.77% 1.22% -15.42% 13.14%

Based on: 10-Q (reporting date: 2023-12-29), 10-Q (reporting date: 2023-09-29), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-30), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-K (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-Q (reporting date: 2021-01-01), 10-Q (reporting date: 2020-10-02), 10-K (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-Q (reporting date: 2020-01-03), 10-Q (reporting date: 2019-10-04), 10-K (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29), 10-Q (reporting date: 2018-12-28), 10-Q (reporting date: 2018-09-28), 10-K (reporting date: 2018-06-29), 10-Q (reporting date: 2018-03-30), 10-Q (reporting date: 2017-12-29), 10-Q (reporting date: 2017-09-29).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Western Digital Corp. operating income (loss) as a percentage of revenue, net increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Income (loss) before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Western Digital Corp. income (loss) before taxes as a percentage of revenue, net increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Western Digital Corp. net income (loss) as a percentage of revenue, net increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.