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The financials
CDW Corporation by the numbers
CDW Corporation (CDW) reported revenue of $5.68B in Q1 2026 (quarter ended Mar 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 Jun 2026 was Notebooks Mobile Devices at $1.75B, 29% of the disclosed total, ahead of Data Storage And Servers 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 | $1.75B | 29% |
| Data Storage And Servers | $845M | 14% |
| Netcomm Products | $830M | 14% |
| Software Products | $719M | 12% |
| Other Hardware | $634M | 11% |
| Collaboration | $473M | 7.9% |
| Desktops | $372M | 6.2% |
| Services | $316M | 5.3% |
| Other Products And Services | $26M | 0.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $5.97B (+15%)
Data Storage And Servers grew +32% year on yearOther Hardware -3.0% year on year
Segment Latestquarter on quarteryear on year
- Notebooks Mobile Devices$1.75B$1.75BQoQ +24%year on year +11%+24%+11%
- Data Storage And Servers$844.8M$844.8MQoQ +23%year on year +32%+23%+32%
- Netcomm Products$829.9M$829.9MQoQ +23%year on year +12%+23%+12%
- Software Products$719.1M$719.1MQoQ -2.8%year on year +10%-2.8%+10%
- Other Hardware$634.0M$634.0MQoQ +9.5%year on year -3.0%+9.5%-3.0%
- Collaboration$472.5M$472.5MQoQ +9.6%year on year +1.2%+9.6%+1.2%
- Desktops$372.3M$372.3MQoQ +12%year on year +2.6%+12%+2.6%
- Services$316.2M$316.2MQoQ +2.9%year on year +1.5%+2.9%+1.5%
- Other Products And Services$26.4M$26.4MQoQ +6.9%year on year +24%+6.9%+24%
Information Technology Services
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