CDW Corp

CDW reported record second-quarter 2026 results with net sales of $6.6 billion, up 10%, and non-GAAP earnings per diluted share of $2.91, up 12%, driven by strong AI-related infrastructure demand. Gross profit rose 6% to $1.3 billion, while non-GAAP operating income increased 7% to $556 million. The company also announced CFO Albert Miralles plans to retire in 2027, with a successor search underway. CDW raised its full-year outlook, now expecting mid-single-digit U.S. IT market growth and 200 to 300 basis points of outperformance, with full-year non-GAAP EPS growth at the high end of high single digits.

CDW Corporation reported second-quarter 2026 non-GAAP earnings per share of $2.91, beating analyst estimates by $0.11. Revenue reached $6.57 billion, a 9.9% increase year-over-year, exceeding expectations by $360 million. The results were announced in a company press release.

CDW Corporation is scheduled to release second-quarter 2026 results before market open on August 5, with the Zacks Consensus Estimate for revenues set at $6.3 billion, representing a 4.7% increase from the prior-year quarter. The consensus estimate for earnings is pegged at $2.80 per share, up 1.3% in the past 60 days and indicating a 7.7% increase from the year-ago quarter's reported figure, while management expects second-quarter non-GAAP net income per share to be in the high single digits year over year. CDW's earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 3.3%. The company's second-quarter performance is expected to have been driven by customer demand across corporate, government, education and healthcare markets, as well as its ability to capitalize on AI-driven infrastructure investment, despite ongoing macroeconomic uncertainty. CDW expects strong performance in the to-be-reported quarter and beyond, driven by backlog and customer activity, and anticipates a more balanced demand environment in the second half, with no significant demand destruction expected.

Morgan Stanley has raised its server market total addressable market forecast to $809 billion for 2026, representing 82% year-over-year growth, as enterprise compute demand proves more resilient than expected despite significant price increases. The bank lifted earnings-per-share forecasts by an average of 3 to 5 percent across six enterprise compute names, including CDW, Dell Technologies, HPE, IBM, Ingram Micro and TD Synnex. Morgan Stanley upgraded CDW to Overweight from Equal-weight, raising its price target to $170 from $142, and lifted TD Synnex's target to $341 from $271, while also boosting Dell's target to $477 from $448 and IBM's to $267 from $225. TD Synnex remains the bank's preferred way to play the theme, with analysts citing its Hyve subsidiary's exposure to the five largest global hyperscalers as a key differentiator, and CDW was flagged as a laggard play with improving fundamentals. The bank cautioned that on-prem compute budget inflation is becoming unsustainable, leaving the duration of the current cycle uncertain beyond 2027.

Pzena Investment Management initiated a position in CDW Corporation during the first quarter of 2026, citing misplaced AI-related fears and strategic margin investments. The firm described CDW as the largest value-added technology reseller in the U.S., with shares weighed down by AI concerns and recent margin pressure from portfolio-broadening investments. The Pzena Focused Value Strategy returned -4.7% net in the quarter, underperforming the Russell 1000 Value Index's 2.1% gain. CDW closed at $123.57 per share on June 22, 2026, with a market capitalization of $15.79 billion.

Sony Electronics' Professional Display Solutions of America announced the winners of its annual Sony AV Partner Awards during InfoComm 2026 in Las Vegas. The awards honor top collaborators in pro AV integration, distribution, and consulting, with winners selected by a panel of Sony judges based on professional display sales, field collaboration, and business growth. Among the 2026 honorees, Almo Pro AV was named Distributor of the Year, CTI won Integrator of the Year for North America, FORTÉ took Integrator of the Year for the U.S., and Matrix Video Communications was recognized as Integrator of the Year for Canada. Other winners include CDW as Integrator of the Year for National Sales Partners, Solutionz, Inc. as Top Growth Integrator of the Year, Inter Technologies Corporation as Emerging Partner of the Year, Peerless-AV as Alliance Partner of the Year, VITEC as Digital Signage Partner of the Year, Crestron Electronics as Technology Partner of the Year, and NV5 as Consultant of the Year.