CDW (CDW)
NASDAQ:CDW
Want to see CDW full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.77Last Year’s EPS
2.6Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial start to 2026 with double-digit growth in key hardware and software categories, record Q1 gross profit, expanding EPS, strong free cash flow and accelerated AI-driven initiatives (including a $100M–$200M run-rate productivity opportunity). Offsetting this optimism were margin compression driven by mix and timing, higher SG&A in Q1, flat services revenue, supply-related shipment delays and elevated inventory/backlog that create execution and timing risk into Q2 and the back half. Management maintained a prudent outlook for the year (low-to-mid single-digit gross profit growth, EPS growing at the high end of mid-single digits) and emphasized discipline, liquidity and strategic investments in AI and process modernization.Company Guidance
Top-line Revenue Growth
Consolidated net sales increased 9% year-over-year in Q1 2026, driven by strength across Commercial (+~10%), Government (+5%) and International (U.K. & Canada combined +18% in USD).
Gross Profit and Margin Resilience
Gross profit rose 6% year-over-year to $1.2 billion with gross margin at 21% (down 60 bps YoY) — management characterized this as record first quarter gross profit and resilient given mix and pricing environment.
Profitability and EPS Expansion
Non-GAAP operating income was approximately $452 million (up ~1.8% YoY) and non-GAAP net income per diluted share was $2.28, up 6.3% YoY; non-GAAP net income was $295 million (up 3.1% YoY).
Strong Free Cash Flow and Capital Returns
Adjusted free cash flow was $251 million (≈85% of non-GAAP net income). Returned $282 million to shareholders in the quarter ($201M share repurchases, $81M dividends), which was 112% of adjusted FCF and ahead of 2026 targets.
Hardware, Software and Services Mix Driving Growth
Hardware revenue increased 10% (infrastructure: networking, servers and enterprise storage each >20%), software increased 11%, and professional & managed services gross profit contributed nearly 15% of total gross profit growth.
AI-Driven Business Momentum
Management highlighted material customer shifts from AI exploration to production, notable large AI engagements (nearly 8-figure deal including professional services), launch/expansion of CDW Assist Super Agent and AI-powered 'Geared for Growth' modernization program.
Geared for Growth Cost Savings Opportunity
Company identified potential run-rate productivity improvements of $100M–$200M (gross annual run-rate) over 2027–2028 from AI-enabled modernization and process simplification, with a portion to be reinvested for growth.
Healthy Balance Sheet and Liquidity
Net debt was $5.1 billion (up ~$50M QoQ) with liquidity of $2.5 billion (cash + revolver availability) and net leverage at 2.5x, inside the targeted 2.0x–3.0x range.
CDW Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $136.80 | $109.00 | -20.32% |
Feb 04, 2026 | $125.53 | $137.39 | +9.45% |
Nov 04, 2025 | $153.37 | $140.32 | -8.51% |
Aug 06, 2025 | $163.07 | $163.33 | +0.16% |
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 Aug 05, 2026, TBA (Confirmed).
What is CDW (CDW) earnings time?
CDW (CDW) earnings time is at Aug 05, 2026, 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 2026 (Q2) is 2.77.