Filing Flows › CDW (CDW) › Q3 2026
CDW (CDW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
CDW (CDW) reported revenue of $6.8B for the third quarter 2026 (Q3 2026), +18% from a year earlier and +3% from the quarter before. Operating margin was 7.2%, net earnings $310M (4.6% of revenue).
CDW, Q3 2026: revenue $6.8B (+18% year over year), operating margin 7.2%, net earnings $310M, operating cash flow $399M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +3% | +18% |
| Gross profit | $1.4B | +5% | +10% |
| Operating profit | $490M | +14% | +10% |
| Net earnings | $310M | +13% | +6% |
| Operating cash flow | $399M | — | +21% |
| Free cash flow | $372M | — | +25% |
What changed
Revenue was $6.8B in Q3 2026, up 18% year over year and up 3% from the previous quarter. Notebooks/Mobile Devices was the largest line at 26% of revenue. Data Storage and Servers added $0.51B year over year (up 107%), 50% of the total change. Other Hardware declined 7%.
Gross margin was 20.5%, down 1.4 points from Q3 2025. Operating profit was $0.49B, a 7.2% margin (down 0.5 points year over year). Of the extra revenue versus Q3 2025, 5% reached operating profit, below the 8% margin then. Operating expenses grew 10% against revenue growth of 18%. Net earnings were $0.31B, up 6% year over year. The effective tax rate was 26.9%.
Operating cash flow was $0.40B (up 21% year over year), 129% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.03B left free cash flow of $0.37B.
Questions
What was CDW's revenue in the third quarter 2026?
CDW (CDW) reported revenue of $6.8B for the third quarter 2026 (Q3 2026), +18% from a year earlier and +3% from the quarter before.
Was CDW profitable in the third quarter 2026?
Operating profit was $490M (7.2% of revenue) and net earnings $310M.
Source: CDW 10-Q on SEC EDGAR.