Form 10-Q · Quarterly report
CDW Corporation 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0001402057
- Accession no.
- 0001402057-26-000114
Summary
CDW Corporation reported third-quarter 2026 net sales of $6.75 billion, up 17.7% from a year earlier, and net income of $309.8 million, or $2.46 per diluted share, with gross profit margin narrowing to 20.5% from 21.9%. The company said it realigned its customer-facing sales organization effective January 1, 2026 into three reportable segments — Commercial, Government, and Education — moving its former Small Business customers into the Commercial channels and keeping UK and Canada operations in an "Other" category.
Key points
- Third-quarter net sales rose 17.7% to $6.75 billion, with growth across all operating segments and demand strongest in data storage and servers, notebooks/mobile devices, and software.
- Gross profit margin fell 140 basis points to 20.5%, which CDW attributed to product-category mix and lower margin in certain categories.
- Selling and administrative expenses rose 10.3% to $895.8 million, driven by higher performance-based incentives, workplace optimization costs, and acquisition costs.
- CDW said it is vendor- and technology-unbiased, selling more than 100,000 products and services from over 1,000 brands, and flagged uncertainty from global trade policy, AI-driven memory demand and pricing pressure, and potential US government shutdowns.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview CDW Corporation (“Parent”) is the strategic end-to-end technology partner that cuts through complexity to turn customer ambition into outcomes. Working with organizations across the business, government, education, and healthcare sectors in the United States, the United Kingdom (“UK”), and Canada, we enable organizations to navigate an increasingly complex technology market and turn their technology investments into lasting value. …
An excerpt of the text as filed with the SEC, cut for length.
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