The section modulus ($Z$) for a circular section is calculated using the formula:
\[Z = \frac{I}{y}\]
where:
$I = \frac{\pi d^4}{64}$: Moment of inertia for a circular section,
$y = \frac{d}{2}$: Distance from the neutral axis to the outermost fiber.
Substitute the values:
\[Z = \frac{\frac{\pi d^4}{64}}{\frac{d}{2}} = \frac{\pi d^3}{32}.\]