The earnings call reflected strong growth in several key segments such as corporate, small business, and healthcare, along with successful international operations. However, challenges in the education and federal markets, coupled with pressure on gross margins and a cautious outlook for the second half, balanced out the otherwise positive performance.

Company Guidance

During the CDW Second Quarter 2025 Earnings Call, the company reported a strong financial performance, with consolidated net sales reaching $6 billion, a 10% increase over the previous year. Gross profit rose by 5% to $1.2 billion, while non-GAAP operating income increased by 2% to $520 million. The non-GAAP net income per share was $2.60, marking a 4% rise. CDW also generated an adjusted free cash flow of $210 million. The company's success was attributed to double-digit growth in corporate and small business segments, with corporate net sales up 18% and small business up 13%. The healthcare sector performed exceptionally well with a 24% increase in net sales, whereas education experienced an 11% decline. Government sales rose by 3%, driven by mid-single-digit growth in state and local jurisdictions. The company maintained its 2025 outlook of outperforming the low single-digit growth of the U.S. IT market by 200 to 300 basis points, emphasizing its strategic investments in services and robust product portfolio as key drivers of continued success.

Double-Digit Top Line Growth

Consolidated net sales were $6 billion, up 10% over last year, demonstrating strong execution and strategic advantage of the diversified portfolio.

Strong Performance in Key Segments

Corporate net sales up 18%, small business up 13%, and health care net sales up 24%, showing strong penetration and growth in these markets.

International Success

U.K. and Canadian operations delivered a combined top line increase of 12% on a reported basis, showing exceptional execution by both teams.

AI and Services Growth

Investments in AI capabilities and services portfolio, including AI Center of Excellence, are driving significant customer outcomes and deepening relationships.

Positive Cash Flow and Shareholder Returns

Adjusted free cash flow of $210 million with significant share repurchases and dividends returned 112% of adjusted free cash flow to shareholders in the first half.

CDW (CDW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CDW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	2.62 / -	2.63	―	―	―
Aug 06, 2025	2025 (Q2)	2.49 / 2.60	2.5	4.00% (+0.10)
May 07, 2025	2025 (Q1)	1.96 / 2.15	1.92	11.98% (+0.23)
Feb 05, 2025	2024 (Q4)	2.32 / 2.48	2.57	-3.50% (-0.09)
Oct 30, 2024	2024 (Q3)	2.85 / 2.63	2.72	-3.31% (-0.09)
Jul 31, 2024	2024 (Q2)	2.53 / 2.50	2.56	-2.34% (-0.06)
May 01, 2024	2024 (Q1)	2.15 / 1.92	2.03	-5.42% (-0.11)
Feb 07, 2024	2023 (Q4)	2.56 / 2.57	2.5	2.80% (+0.07)
Nov 01, 2023	2023 (Q3)	2.60 / 2.72	2.6	4.62% (+0.12)
Aug 02, 2023	2023 (Q2)	2.33 / 2.56	2.49	2.81% (+0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CDW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$164.62	$164.89	+0.16%
May 07, 2025	$162.76	$174.27	+7.07%
Feb 05, 2025	$197.25	$203.97	+3.41%
Oct 30, 2024	$216.84	$192.34	-11.30%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does CDW (CDW) report earnings?

CDW (CDW) is schdueled to report earning on Oct 29, 2025, TBA (Confirmed).

What is CDW (CDW) earnings time?

CDW (CDW) earnings time is at Oct 29, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CDW EPS forecast?

CDW EPS forecast for the fiscal quarter 2025 (Q3) is 2.62.

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