CDW Q2 Earnings: Sales Up 10%, Non-GAAP EPS $2.91 Beats, Dividend Maintained
CDW sits 19% above its 52-week low of $97.12.
Summary
CDW reported Q2 2026 net sales of $6.57 billion, up 10% year-over-year, with non-GAAP EPS of $2.91 beating expectations. The company also declared a $0.630 quarterly dividend, underscoring its balanced capital allocation strategy.
Key Events · Earnings and Guidance · CDW
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Q2 Sales Surge 10% to $6.57B
Net sales increased 10.0% year-over-year to $6,572.2 million, driven by strong demand in data storage, servers, notebooks, software, and netcomm products across all segments.
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Non-GAAP EPS Jumps 11.9% to $2.91
Non-GAAP net income per diluted share rose to $2.91 from $2.60 a year ago, reflecting operating leverage and a reduced share count from ongoing repurchases.
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Dividend Maintained at $0.630/Share
Board declared a quarterly cash dividend of $0.630 per share, payable September 10, 2026 to shareholders of record August 25, 2026, continuing a 12-year streak of increases.
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Share Buyback Capacity at $1.14B
As of June 30, 2026, approximately $1,138 million remains under the share repurchase program, following a $1 billion increase authorized in May 2026.
Analysis · CDW · Trade & Services
CDW delivered a strong second quarter, with net sales rising 10% to $6.57 billion and non-GAAP earnings per share of $2.91, an 11.9% increase year-over-year. The results were driven by robust demand for infrastructure, cloud, and AI-related technologies across all customer segments. Gross margin compressed slightly due to product mix, but disciplined expense management and a lower share count from ongoing buybacks amplified earnings growth. The board also declared a quarterly dividend of $0.630 per share, reinforcing its commitment to shareholder returns alongside the recently expanded $1 billion repurchase program. This earnings beat and steady capital return signal resilience in a complex IT spending environment.
At the time of this filing, CDW was trading at $116.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $19.7B. The 52-week trading range was $97.12 to $173.38. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.