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CDW CDW Hardware — Net Sales

Other product segments

Notebooks/Mobile Devices
$1.75B+11.1%
Software
$1.11B+12.5%
Data Storage and Servers
$844.8M+31.8%
Netcomm Products
$829.9M+12.1%
Other Hardware
$634M-3.0%
Services
$520.7M+1.1%
Collaboration
$472.5M+1.2%
Desktops
$372.3M+2.6%
Other
$32.2M+10.3%

Similar metrics at other companies

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LOWHardware — Net Sales
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HDHardware — Net Sales
$2.25B0.0%
GameStop logo
GMEHardware and accessories — Net Sales
$460.1M-12.3%
Quanex Building Products logo
NXOther Hardware Solutions — Net Sales
$2.16M-1.3%
Hillman Solutions Corp. logo
HLMNFastening and Hardware — Net Sales
$253.74M+8.2%
Quanex Building Products logo
NXHardware Solutions — Net Sales
$203.02M0.0%

Other financials

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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Operating cash flow$274.8M-4.3%
CapEx$27.5M+22.2%
Free cash flow$248.4M-4.6%

Valuation

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Market cap$17.9B-17.9%
Enterprise value$23.5B-13.2%
P/E16.6×-3.7×
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
FCF margin4.7%0.0pp

Returns & leverage

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Return on equity44%-2.4pp
Debt / equity2.4×+0.1×
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 source filing: CDW’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001402057-26-000065
Line itemCommercialGovernmentEducationOtherTotal
Rest of World22.8816.6839.4
Total Net sales$3,965.4$848.0$933.1$825.7$6,572.2
Major Product and Services
Hardware$2,903.7$579.4$794.9$627.0$4,905.0
Software719.1187.490.9116.91,114.3
Services316.279.946.777.9520.7
Other(2)26.41.30.63.932.2
Total Net sales$3,965.4$848.0$933.1$825.7$6,572.2

Item 1. Financial Statements

FAQ

What is CDW's hardware — net sales?
CDW (CDW) reported hardware — net sales of $4.91B in Q2 2026.
How has CDW's hardware — net sales changed year-over-year?
CDW's hardware — net sales increased by 10.4% year-over-year, from $4.44B to $4.91B.
What is the long-term trend for CDW's hardware — net sales?
Over 4 years (2021 to 2025), CDW's hardware — net sales has grown at a -1.1% compound annual growth rate (CAGR), from $16.76B to $16.07B.
What does hardware — net sales mean?
This metric represents the total revenue generated specifically from the sale of hardware products within the reporting period. It reflects the company's ability to drive volume in physical technology infrastructure and equipment sales. As a primary revenue stream, it serves as a key indicator of demand for the company's core product offerings.

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