Western Digital Corporation (WDC)

Net 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
Net income (ttm)	US$ in thousands	-798,000	-1,552,000	-2,258,000	-2,422,000	-1,690,000	-674,000	-78,000	937,000	1,500,000	1,821,000	1,993,000	1,491,000	821,000	347,000	167,000	-34,000	-250,000	-595,000	-1,193,000	-1,541,000
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
Net profit margin		-6.10%	-13.39%	-20.59%	-21.86%	-14.08%	-4.85%	-0.50%	5.45%	8.11%	9.64%	10.70%	8.41%	4.95%	2.18%	1.04%	-0.21%	-1.50%	-3.70%	-7.71%	-10.04%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-798,000K ÷ $13,090,000K
= -6.10%

The net profit margin of Western Digital Corporation has experienced fluctuations over the past few quarters. It started in Dec 2019 with a negative net profit margin of -7.71% and then improved gradually to reach a peak of 10.70% in Mar 2022. However, there was a gradual decline thereafter, with negative net profit margins recorded in the most recent quarters, such as -6.10% in Jun 2024.

Overall, the trend indicates that the company's net profit margin has been volatile, showing periods of both profitability and losses. This suggests that Western Digital Corporation has faced challenges in maintaining consistent profitability, which may be influenced by factors such as changes in revenue, expenses, and overall business performance. Further analysis and monitoring of the company's financial performance are warranted to identify the underlying causes of these fluctuations.