Western Digital Overview
Western Digital reported FY2025 revenue of $9.52 billion after completing the separation of SanDisk on February 21, 2025. Irving Tan leads the San Jose company, which has approximately 40,000 employees and is now centered on high-capacity hard disk drives and data infrastructure. The latest pre-review quarterly update was Q3 FY2026, when revenue reached $3.34 billion as cloud customers continued buying capacity for AI and data-retention workloads.
How Western Digital Makes Money
Western Digital makes money from high-capacity hard disk drives, enterprise data-center storage products, branded storage devices, support services, and long-term cloud customer relationships. After the SanDisk separation, the business is less exposed to NAND flash manufacturing cycles and more directly tied to nearline HDD capacity demand, hyperscale qualification cycles, drive reliability, and cost per terabyte.
Western Digital Financials
Western Digital reported FY2025 revenue of $9.52 billion, up 51% year over year on the post-separation business basis highlighted in its FY2025 results release. Q3 FY2026 revenue was $3.34 billion, up 45% year over year, with free cash flow of $978 million and Q4 FY2026 revenue guidance of about $3.65 billion plus or minus $100 million.
Competitive Position
Western Digital competes with Seagate, Toshiba, enterprise SSD vendors, storage-system suppliers, and hyperscale in-house architecture teams. Its competitive position is strongest when data growth favors low-cost, high-capacity storage and when cloud customers value proven reliability more than theoretical alternatives.
