Risk factors
Western Digital (WDC) risk factors
Item 1A of every Western Digital Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2026 10-K risk factors27 risks6 new4 dropped9 reworded
Cloud revenue concentration rose to 89% and top-10 customer concentration to 73%, with three customers each contributing at least 10%.
Filed Aug 14, 2026 - FY2025 10-K risk factors27 risks
Cloud customers dominate revenue, with the Cloud end market at 88% and top 10 customers at 68% after the Sandisk separation.
Filed Aug 14, 2025