CDW stock holds firm after a record quarter
Published on 08/13/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CDW Corp. (US1258961002) ended August 12, 2026 at $136.67, up $1.30 or 0.96%, as traders digested a second-quarter update that featured $6.6 billion in net sales and $2.91 in non-GAAP EPS.
The company also said on August 5, 2026 that quarterly revenue rose 10.0% year over year, gross profit reached $1.3 billion, and the company raised its full-year outlook for 2026.
What the quarter showed
The latest update was built on broader demand in infrastructure, security, cloud, and AI-related work. In the same call, management said commercial net sales rose 9.2% to $4.0 billion, government net sales increased 13.6% to $848 million, and other segment sales advanced 22.9% to $826 million.
Margin pressure remained visible inside the mix. Gross margin was 20.1% in the June quarter, down 70 basis points year over year, while non-GAAP operating income rose 7.0% to $556 million and non-GAAP EPS increased 11.9% from the prior year.
Guidance and cash
Management said full-year gross profit should grow in the mid-single-digit range in 2026 and that non-GAAP net income per diluted share should land at the high end of a high-single-digit growth band.
Free cash flow also became a key watch item. CDW reported $278 million of adjusted free cash flow in the first half of 2026, equal to 42% of non-GAAP net income, and ended the quarter with $5.5 billion of net debt and $2 billion of liquidity.
Products and demand
CDW's business is still centered on technology sourcing, integration, and lifecycle support across hardware, software, cloud, cybersecurity, and managed services. In the quarter, hardware revenue rose 10% year over year, software revenue grew by low double digits, and services revenue increased 1%.
Stock level and setup
As of August 12, 2026, the shares traded within a 52-week range of $97.12 to $171.55 and carried a market value of $17.09 billion. The stock also traded at 16.43 times earnings, with a consensus price target of $147.00.
Investor facts
Company: CDW Corp.
ISIN: US1258961002
Ticker: CDW
Exchange: NASDAQ
Market cap: $17.09 billion
Sector / Industry: Technology / Technology Distributors
Index membership: Nasdaq-100
