Revenue Acceleration
CDW grew Q1 FY2026 revenue by 9.2% year-over-year to $5.68B (from $5.20B), indicating a meaningful rebound in IT spending demand across its customer segments.
CDW Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: CDW delivered solid Q1 FY2026 revenue growth of 9.2% to $5.68B, driven by strong top-line momentum, though gross and operating margins compressed modestly as cost of revenue grew faster than sales.
Drawn from management commentary in the Q1 2026 10-Q:
CDW grew Q1 FY2026 revenue by 9.2% year-over-year to $5.68B (from $5.20B), indicating a meaningful rebound in IT spending demand across its customer segments.
Gross margin declined approximately 63 basis points to 21.0% from 21.6%, as cost of revenue grew 10.1%—faster than the 9.2% revenue growth—suggesting pricing pressure or a shift toward lower-margin product mix.
SG&A expenses rose 7.0% year-over-year to $814.0M, though they grew more slowly than revenue, providing modest operating leverage; operating income grew 4.0% to $376.0M.
Revenue
$5.68B
++9.25% YoY
EPS (Basic)
$1.82
++7.06% YoY
Gross Margin
21.0%
-0.63% YoY
Operating Income
$376M
++4.04% YoY
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