Company / R&D Expense
Western Digital R&D Expense History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$994.0M
FY2024
5-year range
$986.0M / $2.3B
FY2020-FY2024
Trend
+0.8%
vs FY2023
Sector context
#36 of 263
Information Technology
What the data says
Western Digital's r&d expense of $994M is higher than 86% of companies in the Information Technology sector (FY2024). R&D Expense has fluctuated over the past 9 years, ranging from $986M in FY2023 to $2.4B in FY2019.
Based on SEC 10-K filings.
$994M in FY2024 with a 5-year CAGR of -16.4%. Top quartile in the Information Technology sector.
Declined from $2.3B to $994M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -23.8%
- 5-Year CAGR
- -16.4%
- 10-Year CAGR
- -
Sector benchmark
+7.2% above sector average
Key checks
Key Insights
- 5-year CAGR of -16.4%, indicating a declining trend.
- In FY2024, r&d expense increased 0.8% year-over-year.
- Ranks #36 out of 263 companies in the Information Technology sector.
- Peak r&d expense was recorded in FY2019.
Company context
Key Data Points
- Altman Z-Score 0.49 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $994.0M | +0.8% |
| FY2023 | $986.0M | -56.4% |
| FY2022 | $2.3B | +0.8% |
| FY2021 | $2.2B | -6.5% |
| FY2020 | $2.4B | -1.7% |
| FY2019 | $2.4B | +50.0% |
| FY2018 | $1.6B | -1.2% |
| FY2017 | $1.6B | +1.2% |
| FY2016 | $1.6B | +3.5% |
As of FY2024 · SEC 10-K · Updated Jun 30, 2026