WDC · 8-K · 20260805PR053305
Income Tax Rate Changes
WESTERN DIGITAL CORP · 2026-08-05 · Importance 79 · Surprise 64 · In source text
Q4FY26 GAAP income tax expense was $52 million, compared with a $95 million expense in Q4FY25, despite income before taxes increasing to $3,247 million from $347 million. Fiscal 2026 GAAP income tax expense was $481 million, compared with a $513 million tax benefit in fiscal 2025. Fiscal 2026 non-GAAP income tax expense was $751 million, up from $196 million, and Q1FY27 non-GAAP tax rate guidance is approximately 17%.
Key facts
- Q1FY27 non-GAAP tax rate guidance: approximately 17% source
- Income tax expense for the year ended July 3, 2026: $481 million (compared with a tax benefit of $(513) million for the prior year) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -12.8% | Income tax expense for the year ended July 3, 2026: $481 million (compared with a tax benefit of $(513) million for the prior year) |