Key Points – Record Q2 performance: CDW’s net sales rose 10% to $6.6 billion, while non-GAAP EPS increased 12% to $2.91, driven by infrastructure modernization, AI readiness and security demand. – AI and market momentum: Government, international and commercial sales posted…
rong growth, while hardware and software revenue increased by double digits. Management described AI as a multiyear opportunity spanning infrastructure, security, data integration and lifecycle services. – Outlook raised, with cash-flow pressure: CDW raised its 2026 growth outlook and expects to outperform the U.S
IT market by 200–300 basis points, although gross margins are expected to remain below 2025 levels. First-half free-cash-flow conversion fell to 42% due largely to inventory investment, and CFO Al Morales plans to retire in 2027. – 5 Ways to Play Retail that will Profit in 2023 CDW (NASDAQ:CDW) reported record second-quarter results for 2026, as demand for infrastructure modernization, artificial intelligence readiness and security helped lift net sales 10% to $6.6 billion. The technology solutions provider said gross profit increased 6% to $1.3 billion, while non-GAAP operating income rose 7% to $556 million.
Non-GAAP earnings per diluted share climbed 12% to $2.91. Chief Executive Officer Chris Leahy said net sales, gross profit and non-GAAP EPS each established all-time quarterly records. – Retail Theft Rises: Two Ways For Investors To Beat Shrinkage “Demand remained healthy with AI increasingly influencing customer activity despite cautious and deliberate customer spending,” Leahy said, pointing to customer investments in AI readiness and modernization as drivers of infrastructure demand. Segment and Product Demand Commercial net sales rose 9%, including an 11% increase in corporate sales, which CDW attributed to infrastructure modernization, cloud and AI-readiness programs.