WESCO International, Inc. · WCC · FY2026 Q1 · Calendar Q2 2026
WESCO raises 2026 outlook as data-center demand accelerates
WESCO's Q1 results strengthened the growth case: data-center demand, utility infrastructure and backlog supported record sales, while raised guidance and strong free cash flow improved visibility. The main test is whether margins can hold amid lead times, pricing pressure and macro or tariff uncertainty.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management raised full-year 2026 guidance for reported sales growth to 6%-9%, EPS to $15-$17 and EBITDA margin to 6.6%-7%. Data-center revenue grew 70% year over year and reached 24% of quarterly sales; backlog grew 22% year over year.
Guidance delta
Raised for 2026: reported sales growth to 6%-9%, EPS to $15-$17 and EBITDA margin to 6.6%-7%.
Key takeaways
- Record Q1 sales of $6.1 billion increased 14% year over year, with double-digit organic growth.
- Data-center revenue grew 70% year over year and represented 24% of total sales.
- Free cash flow was $213 million, or 128% of adjusted net income, while the company improved its debt profile.
- Record backlog grew 22% year over year, supporting visibility into 2027 revenue potential.
Management priorities
- Expand data-center capabilities across white- and gray-space applications.
- Invest in facilities and capabilities to support data-center growth while continuing the ERP and digital-platform rollout.
- Maintain disciplined capital allocation through selective M&A, share repurchases and debt reduction.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Oct 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 12, 2026 |
| Stephens & Co. | Overweight | Equal Weight | Upgrade | Jul 14, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 1, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jan 16, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Sep 5, 2025 |
| Loop Capital | Buy | Buy | Maintain | Aug 5, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Aug 1, 2025 |
| Jefferies | Buy | Buy | Maintain | Dec 6, 2024 |
| Baird | Outperform | Outperform | Maintain | Nov 1, 2024 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 5, 2021 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Dec 8, 2020 |
| Buckingham Research | Neutral | Neutral | Maintain | Feb 3, 2020 |
| Buckingham | Neutral | Neutral | Maintain | Feb 3, 2020 |
| Longbow Research | Buy | Neutral | Upgrade | Jan 6, 2020 |
| Northcoast Research | Neutral | Buy | Downgrade | Aug 2, 2019 |
| Standpoint Research | Buy | Hold | Upgrade | Oct 12, 2018 |
| UBS | Neutral | Neutral | Maintain | Aug 30, 2018 |
| Credit Suisse | Outperform | Outperform | Maintain | Oct 31, 2017 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 2, 2017 |
| William Blair | Outperform | Market Perform | Upgrade | Dec 5, 2016 |
| Macquarie | Neutral | Neutral | Maintain | Aug 25, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Apr 14, 2016 |
| Sterne Agee CRT | Neutral | Neutral | Maintain | Mar 22, 2016 |
| Cleveland Research | Neutral | Buy | Downgrade | Apr 20, 2015 |
| BB&T Capital | Hold | Buy | Downgrade | Mar 9, 2015 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jan 30, 2015 |
| Stifel | Buy | Buy | Maintain | Jan 30, 2015 |
| Citigroup | Buy | Buy | Maintain | Jul 25, 2014 |
| MKM Partners | Neutral | Neutral | Maintain | Apr 25, 2014 |
| Wunderlich Securities | Buy | Buy | Maintain | Jan 28, 2014 |
| Wunderlich | Buy | Buy | Maintain | Jan 28, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $343.11. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $390 | $343.49 | +13.7% | Aug 3, 2026 |
| RBC Capital | Analyst unavailable | $430 | $343.19 | +25.3% | Jul 31, 2026 |
| RBC Capital | Deane Dray | $421 | $334.88 | +22.7% | Jul 16, 2026 |
| Stephens | Tommy Moll | $400 | $330.84 | +16.6% | Jul 14, 2026 |
| Wolfe Research | Analyst unavailable | $375 | $327.18 | +9.3% | Jul 9, 2026 |
| D.A. Davidson | Analyst unavailable | $440 | $347.79 | +28.2% | Jun 15, 2026 |
| Stephens | Analyst unavailable | $350 | $354.59 | +2.0% | May 4, 2026 |
| Barclays | Analyst unavailable | $375 | $354.59 | +9.3% | May 4, 2026 |
| Robert W. Baird | David Manthey | $375 | $342.13 | +9.3% | May 1, 2026 |
| Oppenheimer | Christopher Glynn | $395 | $344.04 | +15.1% | May 1, 2026 |
| KeyBanc | Analyst unavailable | $415 | $349.12 | +21.0% | May 1, 2026 |
| Raymond James | Analyst unavailable | $400 | $349.12 | +16.6% | May 1, 2026 |
| Barclays | Analyst unavailable | $313 | $311.18 | -8.8% | Feb 12, 2026 |
| KeyBanc | Ken Newman | $340 | $302.93 | -0.9% | Feb 11, 2026 |
| Oppenheimer | Analyst unavailable | $330 | $298.56 | -3.8% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $307 | $285.8 | -10.5% | Feb 11, 2026 |
| KeyBanc | Analyst unavailable | $304 | $286.41 | -11.4% | Jan 26, 2026 |
| RBC Capital | Deane Dray | $316 | $283.03 | -7.9% | Jan 15, 2026 |
| Barclays | Analyst unavailable | $302 | $269.3 | -12.0% | Jan 12, 2026 |
| Wolfe Research | Analyst unavailable | $307 | $269.65 | -10.5% | Dec 9, 2025 |
| RBC Capital | Analyst unavailable | $302 | $249.02 | -12.0% | Nov 18, 2025 |
| KeyBanc | Analyst unavailable | $300 | $261.3 | -12.6% | Oct 31, 2025 |
| RBC Capital | Deane Dray | $262 | $260.04 | -23.6% | Oct 31, 2025 |
| Robert W. Baird | Analyst unavailable | $300 | $249.61 | -12.6% | Oct 31, 2025 |
| Barclays | Analyst unavailable | $258 | $213.98 | -24.8% | Oct 7, 2025 |
| Oppenheimer | Christopher Glynn | $255 | $219.18 | -25.7% | Sep 5, 2025 |
| KeyBanc | Ken Newman | $258 | $225.51 | -24.8% | Aug 29, 2025 |
| Loop Capital Markets | Chris Dankert | $235 | $206.74 | -31.5% | Aug 5, 2025 |
| KeyBanc | Ken Newman | $245 | $206.5 | -28.6% | Dec 9, 2024 |
| Loop Capital Markets | Chris Dankert | $250 | $209.16 | -27.1% | Nov 14, 2024 |
| Robert W. Baird | David Manthey | $550 | $172.45 | +60.3% | Oct 16, 2024 |
| Robert W. Baird | David Manthey | $215 | $172.45 | -37.3% | Oct 16, 2024 |
| Robert W. Baird | David Manthey | $172 | $167.34 | -49.9% | Sep 17, 2024 |
| Loop Capital Markets | Chris Dankert | $190 | $153.32 | -44.6% | Aug 6, 2024 |
| KeyBanc | Ken Newman | $195 | $158.75 | -43.2% | Aug 2, 2024 |
| Robert W. Baird | David Manthey | $195 | $185.52 | -43.2% | May 29, 2024 |
| Loop Capital Markets | Chris Dankert | $200 | $167.7 | -41.7% | May 6, 2024 |
| KeyBanc | Ken Newman | $205 | $165.08 | -40.3% | May 3, 2024 |
| RBC Capital | Deane Dray | $172 | $165.08 | -49.9% | May 3, 2024 |
| Wolfe Research | Nigel Coe | $215 | $171.79 | -37.3% | Apr 8, 2024 |
| Jefferies | Stephen Volkmann | $185 | $162.02 | -46.1% | Mar 12, 2024 |
| Raymond James | Analyst unavailable | $190 | $140.14 | -44.6% | May 6, 2022 |
| Loop Capital Markets | Chris Dankert | $170 | $129.12 | -50.5% | Feb 16, 2022 |
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Start freeCompany context
Snapshot as of publicationWESCO International, Inc. functions as a prominent global distributor, delivering an array of business-to-business logistical services and sophisticated supply chain management solutions across the United States, Canada, and internationally. The company organizes its operations into three distinct divisions: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment furnishes clients with both products and strategic supply chain frameworks. Its offerings span electrical apparatus, automated and connected devices, security systems, lighting solutions, various wire and cable types, and safety gear, in addition to essential maintenance, repair, and operating (MRO) supplies. This division further extends its capabilities through contractor support, programs for optimizing manufacturing supply chains (both direct and indirect), advisory services for lighting and renewable energy initiatives, and advanced digital and automation tools.…
Historical context
All WCC earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| GD General Dynamics Corporation | FY2026 Q3 · Calendar Q4 2026 | +9.0% | +0.5% | General Dynamics raises outlook as orders and backlog surge |
| RBC RBC Bearings Incorporated | FY2027 Q2 · Calendar Q4 2026 | +5.9% | -6.8% | RBC Bearings: Strong Q2, capacity investment supports second half |
| CNI Canadian National Railway Company | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -0.3% | CN posts strong Q3, maintains EPS outlook and expands Mexico strategy |
| NVT nVent Electric plc | FY2026 Q3 · Calendar Q4 2026 | +8.6% | -8.8% | nVent raises outlook as data-center demand and Maverick broaden growth |
| MTZ MasTec, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.3% | +0.8% | MasTec posts record Q3 as power and data-center demand accelerates |
| IR Ingersoll Rand Inc. | FY2026 Q3 · Calendar Q4 2026 | +18.5% | +0.2% | Ingersoll Rand raises FY2026 outlook as orders accelerate |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:57:38.004834+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-31T23:50:41.718853+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T23:50:41.716035+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-31. For educational purposes only; not investment advice.