WDC Western Digital
FY2025 10-K
Western Digital (WDC) filed its fiscal year 2025 10-K annual report with the SEC on Aug 14, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: Developer and manufacturer of hard disk drive (HDD) technology for data storage in cloud, enterprise, edge, and consumer markets
- • Strategic separation of HDD and Flash units on Feb 21, 2025, creating independent Western Digital (HDD) and Sandisk (Flash) companies
Management Discussion & Analysis
- • Revenue $9.52B, up 51% YoY from $6.32B in 2024, driven by 29% higher ASP and 15% higher units sold, mainly in Cloud segment
- • Operating margin 24.5% vs (6.4%) in 2024, gross margin 38.8% vs 28.1%, improvement driven by cost efficiencies and better product mix
Risk Factors
- • Internal Revenue Service audit uncertainty with potential significant unrecognized tax benefits impacting financials
- • Cloud end market concentration: 88% of total revenue, top 3 customers each >10% net revenue increasing customer dependence
Financial SummaryXBRL
Revenue
$9.5B
Net Income
$1.9B
Gross Margin
38.8%
Operating Margin
24.5%
Net Margin
19.8%
ROE
35.6%
Total Assets
$14.0B
EPS (Diluted)
$5.12
Operating Cash Flow
$1.7B
Source: XBRL data from Western Digital FY2025 10-K filing on SEC EDGAR. All figures in USD.
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