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CDW CDW Q2 2026 earnings

Reported August 5, 2026 · Before market open

Revenue$6.6BBeat by $366.2M
EPS$2.91Beat by $0.11
Revenue estimate$6.2B
EPS estimate$2.80
“CDW delivered strong second quarter results as customers advanced investments in infrastructure modernization, cloud, and AI-enabled technologies. As organizations move beyond AI exploration and focus on scaling practical use cases, they increasingly rely on trusted partners with the expertise to integrate solutions across the full technology stack. Our diversified portfolio, customer-centric strategy, and services-led capabilities position us well to capture evolving technology demand and drive long-term value creation.”
Christine A. Leahy

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$6.2B
EPS estimate$2.92

Financials

Q2 2026

Income statement

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Revenue$6.6B+10.0%
Gross profit$1.3B+6.3%
Operating income$428.6M+2.0%
Net income$274.4M+1.2%
EPS (diluted)$2.15+4.9%

Balance sheet

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Cash & equivalents$361.8M-24.8%
Total debt$6.0B+3.4%
Total equity$2.4B-1.0%
Total assets$17.3B+13.0%

Cash flow

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CapEx$27.5M+22.2%

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$19.22B-11.7%
Enterprise value$24.82B-8.3%
P/E17.8×-2.4×
P/S0.8×-0.2×

Profitability

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Gross margin21.4%-0.2pp
Operating margin7.1%-0.5pp
Net margin4.6%-0.3pp

Returns & leverage

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Return on equity44%-2.4pp
Debt / equity2.4×+0.1×
Current ratio1.2×-0.2×

Segments

By product

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Hardware$4.9B+10.4%
Notebooks/Mobile Devices$1.8B+11.1%
Software$1.1B+12.5%
Data Storage and Servers$844.8M+31.8%
Netcomm Products$829.9M+12.1%

By segment

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Commercial$4.0B—
Education$933.1M—
Government$848.0M—
Other$825.7M+22.9%

FAQ

When did CDW report Q2 2026 earnings?
CDW (CDW) reported Q2 2026 earnings on August 5, 2026 before market open.
What were CDW's Q2 2026 revenue and EPS?
CDW reported revenue of $6.6B and eps of $2.91 for Q2 2026.
Did CDW beat estimates in Q2 2026?
Revenue beat the consensus estimate of $6.2B by $366.2M. EPS beat the consensus estimate of $2.80 by $0.11.
How did CDW's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.0% from $6.0B a year earlier and eps grew 11.9% from $2.60.
Where can I find CDW's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001402057-26-000062) and the 10-Q periodic report (0001402057-26-000065) directly on SEC EDGAR. The filing index links above go to sec.gov.