Earnings Call
Aug 5, 2026
Q2 FY2026
EPS Estimate
2.80
EPS Actual
2.91
Post-Earnings Close
$140.10
Earnings Reaction
-9.0%
CDW posted record quarterly results in Q2 2026, with net sales of $6.6 billion (+10% year-over-year), gross profit of $1.3 billion (+6.3%), non-GAAP operating income of $556 million (+7%), and non-GAAP EPS of $2.91 (+12%), all setting new all-time quarterly highs. The EPS print came in above management's own guidance of high single-digit growth and beat the Street estimate of $2.80. Revenue also cleared the consensus bar of approximately $6.2 billion. The quarter was characterized by robust infrastructure demand tied to AI readiness and modernization, with servers, storage, and netcomm all delivering very healthy double-digit growth, and notebooks and desktops up a combined 10% despite pricing headwinds.
Report generated on Aug 5, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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