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CDW CDW Software — Net Sales

Other product segments

Hardware
$4.91B+10.4%
Notebooks/Mobile Devices
$1.75B+11.1%
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%

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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
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
Sales by Customer Channel

Item 1. Financial Statements

FAQ

What is CDW's software — net sales?
CDW (CDW) reported software — net sales of $1.11B in Q2 2026.
How has CDW's software — net sales changed year-over-year?
CDW's software — net sales increased by 12.5% year-over-year, from $990.2M to $1.11B.
What is the long-term trend for CDW's software — net sales?
Over 4 years (2021 to 2025), CDW's software — net sales has grown at a 10.6% compound annual growth rate (CAGR), from $2.81B to $4.2B.
What does software — net sales mean?
This metric represents the total revenue generated from the sale of software products, including licenses, subscriptions, and software-as-a-service offerings. It reflects the company's ability to monetize software solutions within its broader technology portfolio and serves as a key indicator of demand for digital infrastructure and productivity tools. Growth in this area often signals a successful shift toward recurring revenue models and higher-margin service offerings.

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