Filing Flows › CDW (CDW) › Q2 2026
CDW (CDW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
CDW (CDW) reported revenue of $6.6B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +16% from the quarter before. Operating margin was 6.5%, net earnings $274M (4.2% of revenue).
CDW, Q2 2026: revenue $6.6B (+10% year over year), operating margin 6.5%, net earnings $274M, operating cash flow −$55.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6B | +16% | +10% |
| Gross profit | $1.3B | +11% | +6% |
| Operating profit | $429M | +14% | +2% |
| Net earnings | $274M | +17% | +1% |
| Operating cash flow | −$55.1M | -120% | -135% |
What changed
Revenue was $6.6B in Q2 2026, up 10% year over year and up 16% from the previous quarter. Notebooks/Mobile Devices was the largest line at 27% of revenue. Data Storage and Servers added $0.20B year over year (up 32%), 34% of the total change. Other Hardware declined 3%.
Gross margin was 20.1%, down 0.7 points from Q2 2025. Operating profit was $0.43B, a 6.5% margin (down 0.5 points year over year). Of the extra revenue versus Q2 2025, 1% reached operating profit, below the 7% margin then. Operating expenses grew 9% against revenue growth of 10%. Net earnings were $0.27B, up 1% year over year. The effective tax rate was 26.4%.
Operating cash flow was −$0.06B. Non-cash charges added back $0.08B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.08B.
Questions
What was CDW's revenue in the second quarter 2026?
CDW (CDW) reported revenue of $6.6B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +16% from the quarter before.
Was CDW profitable in the second quarter 2026?
Operating profit was $429M (6.5% of revenue) and net earnings $274M.
Source: CDW 10-Q on SEC EDGAR.