Citable filing context
CDW's research view summarizes recent SEC filing context, starting with earnings from Aug 5, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 5, 2026 | earnings | CDW reported second quarter 2026 net sales of $6.57 billion and declared a quarterly dividend of $0.630 per share. |
| Aug 5, 2026 | management_change | CFO Albert J. Miralles will retire in 2027, with a search for his successor currently underway. |
| May 26, 2026 | other | CDW stockholders approved an amendment to the Certificate of Incorporation to permit stockholder action by written consent. |
| Aug 5, 2026 | Guidance: us_it_addressable_market_growth_outperformance | 200.00 to 300.00 |
| May 6, 2026 | Guidance: us_it_addressable_market_growth_outperformance | 200.00 to 300.00 |
| Apr 18, 2023 | Guidance: net_sales_outperformance | 200.00 to 300.00 |
| Aug 5, 2026 | mda_quarterly | CDW reported strong growth for the second quarter of 2026, with net sales rising 10% to $6.57 billion. This performance was driven by robust demand for data storage, servers, notebooks, mobile devices, and software. Effective January 2026, the company realigned its sales organization into three reportable segments: Commercial, Government, and Education. While net sales increased across all segments, gross profit margin contracted by 70 basis points to 20.1%, primarily due to a shift in product mix toward lower-margin hardware. Operating income grew 2% to $429 million, though margins were pressured by higher compensation expenses and workplace optimization costs. The company’s cash conversion cycle lengthened to 21 days, reflecting increased days of sales outstanding and higher inventory levels. Despite these pressures, CDW maintains a solid liquidity position, supported by $1.7 billion in available revolving credit. Management continues to prioritize capital allocation through dividends and share repurchases, having bought back $545 million in stock during the first half of 2026. Key risks include economic uncertainty, potential government budget volatility, and supply chain constraints for AI-ready infrastructure, which remains a primary driver of customer investment in cloud, cybersecurity, and workflow automation. |
| May 6, 2026 | mda_quarterly | CDW reported first-quarter 2026 net sales of $5.68 billion, a 9.2% increase year-over-year, driven by strong demand for data storage, servers, netcomm products, software, and notebooks. Growth was broad-based across segments; the Commercial segment benefited from increased demand in financial services and healthcare, while the Education segment saw operating income surge 55.7% due to higher software margins and notebook sales. Despite revenue growth, gross profit margin declined 60 basis points to 21.0%, and operating income grew modestly by 4.0% to $376 million, pressured by higher compensation and strategic investments in AI initiatives. The company is navigating a challenging economic environment characterized by geopolitical uncertainty and inflationary pressures, which have led customers to adopt a more measured approach to IT spending. Key growth drivers include the transition toward AI, cloud, and "as-a-service" consumption models. Liquidity remains stable with $1.9 billion available under its revolving loan facility and total unsecured debt of $5.6 billion. CDW returned capital through $201 million in share repurchases and quarterly dividends of $0.63 per share. The cash conversion cycle increased slightly to 16 days, reflecting higher customer-driven inventory stocking positions. |
Source: SEC EDGAR filing text and events; period Aug 5, 2026; filed Aug 5, 2026.
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