What is CDW's commercial — net sales?

CDW (CDW) reported commercial — net sales of $3.57B in Q1 2026.

What does commercial — net sales mean?

The total revenue earned from selling IT solutions to commercial business customers.

How do you interpret commercial — net sales?

An increase indicates higher demand for IT products and services within the commercial client base, while a decrease suggests slowing sales or market share loss.

How does commercial — net sales compare across companies?

Comparable to segment-specific revenue metrics reported by other IT value-added resellers and technology distributors.

CDW CDW Commercial — Net Sales

Other segment segments

Other

$802.5M+17.9%

Education

$675M—

Government

$632.9M—

Similar metrics at other companies

DELLCommercial — Total net revenue

$13.02B+17.9%

DELLCommercial — Revenue

$7.61B+12.3%

TTMICommercial — Revenue

$495.04M+48.8%

TTMICommercial — Segment Sales

$408.92M+24.1%

ESCommercial — Revenue from Contract with Customer, Including Assessed Tax

$1.24B+9.7%

CMS

CMSCommercial — Revenue recognized from contracts with customers

$723M+10.0%

Other financials

Income statement

See full

Revenue$5.7B+9.2%

Gross profit$1.2B+6.0%

Operating income$376.0M+4.0%

Net income$235.4M+4.7%

EPS (diluted)$1.82+7.7%

Balance sheet

See full

Cash & equivalents$578.6M+22.7%

Total debt$5.8B-3.4%

Total equity$2.6B+10.0%

Total assets$16.5B+9.6%

Cash flow

See full

Operating cash flow$274.8M-4.3%

CapEx$26.4M-1.9%

Free cash flow$248.4M-4.6%

Valuation

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Market cap$16.4B-26.5%

Enterprise value$21.61B-22.2%

P/E15.2×-5.3×

P/S0.7×-0.3×

Profitability

See full

Gross margin21.6%-0.3pp

Operating margin7.3%-0.6pp

Net margin4.7%-0.4pp

FCF margin4.7%0.0pp

Returns & leverage

See full

Return on equity44.2%-4.5pp

Debt / equity2.3×-0.3×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by CDW in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: CDW’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CDW's commercial — net sales?: CDW (CDW) reported commercial — net sales of $3.57B in Q1 2026.
What does commercial — net sales mean?: The total revenue earned from selling IT solutions to commercial business customers.
How do you interpret commercial — net sales?: An increase indicates higher demand for IT products and services within the commercial client base, while a decrease suggests slowing sales or market share loss.
How does commercial — net sales compare across companies?: Comparable to segment-specific revenue metrics reported by other IT value-added resellers and technology distributors.