CDW Corp — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
CDW reported Q3 2026 net sales of $6,754.5M (up 17.7% YoY), with gross profit of $1,385.3M and net income of $309.8M (up 6.5%). Non-GAAP net income per diluted share grew 20.4% to $3.26. The Board declared a quarterly cash dividend of $0.680 per share (8% increase from prior year), payable December 10, 2026, to shareholders of record November 25, 2026. Commercial segment led growth with +20.8% sales; Financial Services segment surged 73.2%. Nine-month 2026 sales reached $19,006.5M (+12.4% YoY).
Why this rating
Strong revenue growth and double-digit gross profit expansion demonstrate solid execution in growing IT market; however, margin compression (gross margin 20.5% vs 21.9% prior year) and increased debt ($7.1B total) moderate optimism. Dividend hike signals confidence but represents modest capital allocation relative to $23.4B market cap.
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