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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for CDW (CDW) is 8/10.
CDW delivered 9% revenue growth driven by AI infrastructure and supply urgency, with non-GAAP EPS of $2.28 up 6.3%. International operations grew 18%, and AI was moving from exploration to production across all customer sizes. However, gross margin compressed 60 basis points from hardware-heavy mix. The Geared for Growth initiative was launched targeting $100-200 million in run-rate savings, and FY2026 guidance was modestly raised.
Scored from CDW’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $5.19B | +3.3% | $1.97 | -9.6% | 22.3% | 7.9% | 5.1% | $317M |
| FY2025 Q1 | $5.20B | +6.7% | $1.69 | +6.3% | 21.6% | 7.0% | 4.3% | $260M |
| FY2025 Q2 | $5.98B | +10.2% | $2.05 |
| -1.0% |
| 20.8% |
| 7.0% |
| 4.5% |
| $133M |
| FY2025 Q3 | $5.74B | +4.0% | $2.21 | -6.0% | 21.9% | 7.7% | 5.1% | $299M |
| FY2025 Q4 | $5.51B | +6.3% | $2.14 | +8.6% | 22.8% | 7.8% | 5.1% | $396M |
| FY2026 Q1 | $5.68B | +9.2% | $1.82 | +7.7% | 21.0% | 6.6% | 4.1% | $248M |
| FY2026 Q2 | $6.57B | +10.0% | $2.15 | +4.9% | 20.1% | 6.5% | 4.2% | $166M |