How Western Digital makes money

Period

FY2026

How does Western Digital make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Western Digital Corporation · FY2026 · year ended 2026-07-03

Revenue$12.9BGross profit$6.3B · 49%Cost of revenue$6.6B · 51%Operating income$4.5B · 34%Operating expenses$1.9B · 14%R&D$1.2B · 9%SG&A$551M · 4%Other opex$146M · 1%Pre-tax income$9.9B · 77%Other income$5.5B · 42%Net income$9.4B · 73%Income tax$481M · 4%Cloud$11.5B · 89%Client Devices$726M · 6%Consumer$703M · 5%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.