Western Digital Corporation (WDC)
Gross profit margin
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 3,781,000 | 3,163,000 | 2,737,000 | 2,846,000 |
| Revenue (ttm) | US$ in thousands | 13,090,000 | 11,595,000 | 10,969,000 | 11,079,000 | 12,005,000 | 13,886,000 | 15,469,000 | 17,192,000 | 18,500,000 | 18,881,000 | 18,631,000 | 17,736,000 | 16,600,000 | 15,953,000 | 16,072,000 | 16,444,000 | 16,647,000 | 16,083,000 | 15,464,000 | 15,345,000 |
| Gross profit margin | 22.50% | 14.52% | 8.83% | 9.07% | 15.72% | 23.33% | 26.73% | 30.19% | 31.75% | 31.75% | 31.69% | 29.78% | 27.23% | 25.31% | 24.59% | 23.88% | 22.71% | 19.67% | 17.70% | 18.55% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,945,000K ÷ $13,090,000K
= 22.50%
The gross profit margin for Western Digital Corporation has shown fluctuations over the analyzed period. It started at 18.55% in December 2019, increased steadily to reach a peak of 31.75% in March 2022, and remained relatively stable at that level for a few quarters. However, there was a notable decline from December 2022 to March 2023, dropping to 23.33%. The margin continued to decrease in subsequent quarters, reaching a low point of 8.83% in December 2023.
There was a slight recovery in the following quarters, with the gross profit margin showing an upward trend from March 2024 to June 2024, improving from 14.52% to 22.50%. Overall, the company's gross profit margin has demonstrated variability, potentially indicating fluctuations in its cost of goods sold and pricing strategies affecting profitability. It would be important to further investigate the underlying factors driving these changes to assess the company's operational efficiency and competitive positioning.
Peer comparison
Jun 30, 2024
See also:
Western Digital Corporation Gross Profit Margin (Quarterly Data)