Education
About Us
Working with TipRanks
Follow Us
CDW (CDW)
NASDAQ:CDW
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.26Last Year’s EPS
2.15Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflected solid operational and financial performance with record full‑year EPS, strong cash generation, and outsized growth in higher‑margin software, cloud, and services—supported by notable wins in small business, education, and state & local government. However, near‑term risks and cost dynamics temper the outlook: elevated SG&A, operating margin pressure, memory price and supply volatility that produced pull‑forward demand, and federal spending disruptions create unevenness, particularly in Q1 and potentially in the back half of the year. Management expects modest gross profit and mid‑single‑digit EPS growth for 2026 and reiterated disciplined capital allocation.Company Guidance
Quarterly Revenue and Profit Growth
Q4 net sales of $5.5B, up ~5% year-over-year; Q4 non-GAAP gross profit reported at ~$1.3B (management commentary ranged $1.25B–$1.3B), up ~8.6%–9% YoY; Q4 non-GAAP operating income ~ $502–503M, roughly flat to up ~0.6%–1% YoY; Q4 non-GAAP EPS of $2.57, up ~3.8%–4% YoY.
Strong Full-Year Results and Record EPS
Full year 2025 net sales over $22B, up ~7% YoY; full-year gross profit nearly $5B, up ~6%; non-GAAP operating income nearly $2B, up ~3%; record full-year non-GAAP EPS of $10.02, up ~5% YoY.
Cash Generation and Capital Return
Adjusted free cash flow of ~$1.09B for 2025 (Q4 $418M), converting ~82% of non-GAAP net income to cash; returned nearly $1B to shareholders (~90% of adjusted free cash flow) via dividends and share repurchases; Q4 buybacks $153M and dividends $82M.
Strong Growth in Higher‑Margin Offerings
Double-digit growth across software, cloud, and professional & managed services; cloud contributed roughly half of the quarter's gross profit growth; software top line +12% YoY with gross profit growing faster.
Outperformance in Key End Markets
Small business top line growth of 18% in Q4; education up ~13% (K‑12 project wins including NYC Chromebook rollout); government overall +4% with state & local double-digit strength; health care +5% YoY.
Improving Margins and Mix
Q4 gross margin of 22.8%, +50 basis points YoY and +90 basis points sequentially, reflecting higher mix of netted revenues and improved product margins.
Prudent Balance Sheet and Liquidity
Net debt of ~$5.0B at period end (down ~$165M QoQ); net leverage ~2.4x within targeted 2–3x range; cash + revolver availability ~ $2.5B; three-month average cash conversion cycle ~16 days.
Capital Allocation Priorities and Dividend Increase
12th consecutive annual dividend increase to $2.52 (up 1%); target to return 50%–75% of adjusted free cash flow to shareholders; continued focus on M&A and opportunistic buybacks.
Strategic Progress on AI and Solutions
Management highlights growing AI momentum across end markets, with scalable AI offerings spanning strategy, data modernization, GenAI integration and automation; cited large enterprise accelerated compute deployment with potential ~90-day payback and SMB AI virtual agent use case.
Operational Wins and M&A
Acquisition of select assets of Lexicon Tech Solutions to bolster lifecycle capabilities for education; international (UK & Canada) delivered high single-digit growth and combined 2025 sales of $2.7B.
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 |
|---|---|---|---|
Feb 04, 2026 | $126.16 | $138.08 | +9.45% |
Nov 04, 2025 | $154.14 | $141.03 | -8.51% |
Aug 06, 2025 | $163.89 | $164.16 | +0.16% |
May 07, 2025 | $162.04 | $173.49 | +7.07% |
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 May 06, 2026, TBA (Confirmed).
What is CDW (CDW) earnings time?
CDW (CDW) earnings time is at May 06, 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 (Q1) is 2.26.