Western Digital Corporation (WDC)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,046,000 | 5,332,000 | 5,421,000 | 4,397,000 | 2,945,000 | 1,684,000 | 969,000 | 1,005,000 | 1,887,000 | 3,240,000 | 4,135,000 | 5,190,000 | 5,874,000 | 5,995,000 | 5,905,000 | 5,282,000 | 4,521,000 | 4,038,000 | 3,952,000 | 3,927,000 |
| Revenue (ttm) | US$ in thousands | 13,279,000 | 14,438,000 | 15,601,000 | 14,348,000 | 13,003,000 | 11,911,000 | 11,257,000 | 11,332,000 | 12,318,000 | 14,174,000 | 15,752,000 | 17,478,000 | 18,793,000 | 19,185,000 | 18,941,000 | 18,051,000 | 16,922,000 | 16,289,000 | 16,327,000 | 16,618,000 |
| Gross profit margin | 38.00% | 36.93% | 34.75% | 30.65% | 22.65% | 14.14% | 8.61% | 8.87% | 15.32% | 22.86% | 26.25% | 29.69% | 31.26% | 31.25% | 31.18% | 29.26% | 26.72% | 24.79% | 24.21% | 23.63% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,046,000K ÷ $13,279,000K
= 38.00%
The gross profit margin of Western Digital Corporation has exhibited notable fluctuations over the observed period. Starting from approximately 23.63% at the end of September 2020, the margin experienced a gradual upward trend, reaching a peak of around 31.26% by June 2022. This period reflects improving profitability, potentially driven by factors such as increased efficiencies, favorable product mix, or cost management initiatives.
Subsequently, a decline commenced, with the gross profit margin decreasing to approximately 29.69% at the end of September 2022 and further down to around 22.86% by March 2023. The sharp decline indicates deterioration in profitability, possibly due to increased costs, pricing pressures, or shifts in market demand.
From the first quarter of 2024 onward, a recovery trend is evident. The margin increased from approximately 14.14% in March 2024 to 22.65% in June 2024, and further improved to 30.65% by September 2024. Continued gains are observed in subsequent quarters, reaching 34.75% at year-end 2024, and escalating further to 36.93% in March 2025, with projections indicating an even higher margin of 38.00% for June 2025.
Overall, the gross profit margin demonstrates periods of expansion and contraction, with recent data suggesting a strong upward trajectory, potentially reflecting changes in operational efficiencies, pricing strategies, product portfolio, or market conditions. The observed cyclical pattern underscores the importance of external factors such as industry dynamics and cost structures impacting the company’s profitability over time.
Peer comparison
Jun 30, 2025
See also:
Western Digital Corporation Gross Profit Margin (Quarterly Data)