Quarterly ResultMay 6, 2026, 07:12 AM
CDW Q1 Net Sales +9.2% to $5.68B; Diluted EPS $1.82; Declares $0.63 Dividend
AI Summary
CDW Corporation reported strong first quarter 2026 financial results with net sales increasing 9.2% to $5,679.8 million. Diluted earnings per share rose 7.9% to $1.82, and non-GAAP diluted EPS increased 6.3% to $2.28. Despite revenue growth, gross profit and operating income margins saw slight decreases. The company's Board of Directors also declared a quarterly cash dividend of $0.630 per common share, payable on June 10, 2026.
Key Highlights
- Net sales increased 9.2% to $5,679.8 million in Q1 2026.
- Net income per diluted share rose 7.9% to $1.82.
- Non-GAAP net income per diluted share increased 6.3% to $2.28.
- Board declared a quarterly cash dividend of $0.630 per common share.
- Commercial segment net sales grew 9.6% to $3,569 million.
- Government segment net sales increased 4.6% to $633 million.
- Gross profit margin decreased to 21.0% from 21.6% in Q1 2025.
- Operating income margin decreased to 6.6% from 7.0% in Q1 2025.