Earnings Releases·Nov 4, 2026, 7:07 AM ET

CDW — Third Quarter 2026 Earnings Summary

Net sales for the quarter rose 17.7% year-over-year to $6,754.5 million, while non-GAAP net income per diluted share increased 20.4% to $3.26; however, gross profit margin contracted to 20.5% from 21.9% due to product mix shifts.
Management expressed confidence in outpacing US IT addressable market growth by 200 to 300 basis points, citing strong momentum in enterprise AI adoption and broad-based strength across customer end-markets.
The Board approved a quarterly cash dividend of $0.680 per share, while total debt increased to $7,124.3 million and working capital metrics deteriorated, with days sales outstanding rising to 100 days and inventory days increasing to 18 days.
Commercial segment sales grew 20.8% driven by Financial Services and Corporate sectors, while operating income margin decreased to 7.2% and interest expense rose 19.8% due to higher average borrowings.