CDW earnings history

CDW FY2026 Q1 · Calendar Q2 2026

CDW Corporation

CDW's fiscal Q1 2026 demonstrated top-line strength, with net sales rising 9% year-over-year to $5.68 billion, exceeding consensus by 3.6%. EPS of $2.28 matched estimates exactly. The beat was powered by AI infrastructure hardware demand, and management struck a confident tone, highlighting a new Boost Run GPU-as-a-service partnership and an AI-first go-to-market strategy anchored by the CDW Assist Super Agent. Despite the results, shares plunged roughly 20% on the report day on 4.2x baseline volume, before recovering 28% over subsequent weeks. Analyst questions during the call centered on the margin quality of AI deals, inventory buildup, and the trajectory of netted-down revenue, which may explain the disconnect between the beat and the market reaction. Management maintained full-year guidance for low-single-digit market growth and low-to-mid single-digit gross profit growth, while…