CDW is experiencing a growth reacceleration, with Q2 2026 revenue up 10.0% year-over-year, driven by AI infrastructure and cloud investments. However, this growth is accompanied by significant margin pressure, as gross margin fell to 20.1% in Q2 2026 from 22.8% in Q4 2025, and operating margin contracted to 6.5%.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 10.0% in Q2 2026, but gross margin dipped to 20.1% and operating margin to 6.5%, indicating mix shift toward lower-margin hardware and rising SG&A costs.
CDW increased its equity buyback authorization by US$1.00 billion to US$7.50 billion, signaling strong capital returns and confidence in financial health.
Recent strong quarterly results and healthier IT demand highlight CDW's ability to capitalize on growing technology needs across sectors.
Management's guidance emphasizes targeted execution and leveraging structural advantages to improve operating margins, not just top-line growth.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $3.26+9.4% vs $2.98 | $6.8B+9.1% vs $6.2B |
Q3 2026 Aug 5, 2026 | $2.91+3.9% vs $2.80 | $6.6B+5.9% vs $6.2B |
Q2 2026 May 6, 2026 | $2.28+0.0% vs $2.28 | $5.7B+3.6% vs $5.5B |
Q1 2026 Feb 4, 2026 | $2.57+5.3% vs $2.44 | $5.5B+3.4% vs $5.3B |
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
The Madison Mid Cap Fund (Class I) returned -2.09% in the third quarter, compared to the Russell Midcap Index return of -3.00%. The top five contributors for the quarter were Gartner, Medpace Holdings, Ross Stores, Revvity, and Waters Corporation. The bottom five detractors for the quarter were MKS, Floor & Decor Holdings, Carlisle Companies, Moelis and Co., and Glacier Bancorp.
After years of raises so small they barely registered, CDW just delivered a bigger check, but rising debt and shrinking margins complicate the story. Retirees weighing a spot on their dividend list should look past the headline number.
The headline numbers for CDW (CDW) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Benchmark CDW against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for CDW Corporation (CDW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $157.00 | $20.06B | 19.43 | 6.79% | 4.76% | 43.02% | 1.58% | |
| $158.25 | $4.78B | 32.56 | -5.22% | 2.45% | 13.08% | — | |
| $9.40 | $188M | -19.74 | -0.96% | — | — | — | |
| $42.78 | $869.48M | 14.26 | -6.72% | 2.44% | 8.66% | — | |
| $218.73 | $17.5B | 21.98 | 6.94% | 1.75% | 14.94% | 0.81% | |
| $79.28 | $6.5B | 19.77 | 24.47% | 1.21% | 6.77% | 1.73% |
CDW Corporation (CDW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
CDW Corporation (CDW) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Aug 5, 2026·SEC
May 26, 2026·SEC
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CDW Corporation (CDW) stock FAQ — growth, dividends, profitability & financials explained
CDW Corporation (CDW) reported $23.50B in revenue over the trailing twelve months. Revenue was $22.42B in fiscal year 2025. That is 5326% more than the $413.3M of fiscal year 1994.
CDW Corporation (CDW) grew revenue by 6.8% in fiscal year 2025, compared with the prior fiscal year.
Yes. CDW Corporation (CDW) earned $1.08B in net income over the trailing twelve months (a 4.6% net margin).
Yes. CDW Corporation (CDW) pays a dividend that yields 1.58% at the current price, a moderate yield.
CDW Corporation (CDW) had a return on equity (ROE) of 43.0% in fiscal year 2025. That is well above the market's typical 10-15%.
CDW Corporation (CDW) generated $1.11B in free cash flow over the trailing twelve months.
