CDW Corporation (CDW) Earnings Call Transcripts

CDW Corporation's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, CDW Corporation reported net sales of $6.6 billion, a 10% increase year-over-year, and non-GAAP earnings per diluted share of $2.91, up 12%. Both metrics set new all-time quarterly records, reflecting strong demand driven by AI-related investments and infrastructure modernization. Management raised their full-year guidance, now expecting gross profit growth in the mid-single digits, indicating confidence in sustained demand despite cautious customer spending.

Reported metrics

Guidance from management

Management expects gross profit to grow in the mid-single digits for the full year 2026 and anticipates non-GAAP net income per diluted share growth at the high end of the high single-digit range year-over-year.

What management said

Okay. Joe, could you just characterize the serious categories that you just hit you went quickly and covered a lot of things, and I want to make sure that I answer your question, just give me the highlights.

Yes. No, I would -- 2 things. It is really purely timing and implementation timing. So as we look forward over the next quarters, we're feeling very confident in the engagement with customers, we have good visibility to where those needs are given the time line of engagement to execution, it will take a little time for us to see that pick up significantly. But by the time we get through the end of the year around in ...

What analysts pressed on

Analysts expressed concerns regarding the muted services growth and the potential impact of pricing pressures on margins. There were also questions about the sustainability of cash flow conversion given the current working capital investments.

Main topics on the call

• Record Quarterly Performance — CDW achieved net sales of $6.6 billion, up 10% YoY, and non-GAAP earnings per diluted share of $2.91, up 12%. Management noted, 'These results demonstrate the strength and resilience of CDW's business model.'
• AI-Driven Demand — AI investments are increasingly influencing customer spending, with management stating, 'Customer investment in AI readiness and modernization drove strong infrastructure demand.' This trend is expected to continue as cu...
• Guidance Increase — Management raised their full-year outlook, expecting gross profit to grow in the mid-single digits for 2026. They stated, 'We are increasing our full year outlook,' reflecting confidence in ongoing demand.
• Diversified Customer Portfolio — CDW's customer segments showed varied performance, with Government net sales increasing approximately 14%. Management highlighted, 'The diversity of our customer end markets is one of the defining strengths of our busine...

Read the full CDW Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 50 CDW Corporation earnings call transcripts on record, spanning February 6, 2020 to August 5, 2026. Based on this history, CDW Corporation reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CDW

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

50

First call

February 6, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly