The financials
CDW Corporation by the numbers
CDW Corporation (CDW) reported revenue of $5.68B in Q1 2026 (quarter ended March 31, 2026), up 9.2% from the same quarter a year earlier. That came with a gross margin of 21% and net income of $235M (4.1% of revenue). For the full year FY2025, revenue was $22.4B (+6.8% year on year) and net income $1.07B. Its largest product in 2026-Q1 was Notebooks Mobile Devices at $1.41B, 27% of the disclosed total, just ahead of Software Products at 14%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $5.68B | $5.20B | +9.2% |
| Gross profit | $1.19B | $1.12B | +6.0% |
| Operating income | $376M | $361M | +4.0% |
| Net income | $235M | $225M | +4.7% |
| Diluted EPS | $1.82 | $1.69 | +7.7% |
| Product | Revenue | Share |
|---|---|---|
| Notebooks Mobile Devices | $1.41B | 27% |
| Software Products | $740M | 14% |
| Data Storage And Servers | $687M | 13% |
| Netcomm Products | $675M | 13% |
| Other Hardware | $579M | 11% |
| Collaboration | $431M | 8.3% |
| Desktops | $332M | 6.4% |
| Services | $307M | 5.9% |
| Other Products And Services | $25M | 0.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $5.19B (+7.6%)
Data Storage And Servers grew +32% year on yearDesktops -4.3% year on year
Segment Latestquarter on quarteryear on year
- Notebooks Mobile Devices$1.41B$1.41BQoQ -1.6%year on year +4.6%-1.6%+4.6%
- Software Products$739.9M$739.9MQoQ +50%year on year +13%+50%+13%
- Data Storage And Servers$687.2M$687.2MQoQ +46%year on year +32%+46%+32%
- Netcomm Products$675.3M$675.3MQoQ -8.2%year on year +23%-8.2%+23%
- Other Hardware$578.8M$578.8MQoQ -11%year on year +0.03%-11%+0.03%
- Collaboration$431.3M$431.3MQoQ -4.9%year on year +7.1%-4.9%+7.1%
- Desktops$332.3M$332.3MQoQ -3.2%year on year -4.3%-3.2%-4.3%
- Services$307.2M$307.2MQoQ +37%year on year +2.4%+37%+2.4%
- Other Products And Services$24.7M$24.7MQoQ +55%year on year +18%+55%+18%
Information Technology Services
Ranks #3 of 37 by Smart Score