CDW (CDW) reported net income of US$ 309.8 million in the third quarter of 2026, up 6.5% from US$ 291.0 million in the same period of 2025. Diluted earnings per share (EPS) were US$ 2.46, versus US$ 2.21 a year earlier, an increase of 11.6%.
Net sales were US$ 6.8 billion (US$ 6,754.5 million), up 17.7% from 3Q25. The company attributes the increase to demand for data storage and servers, notebooks and mobile devices, and software. The corporate segment sold US$ 3.98 billion (up 20.8%), government US$ 912.8 million (9.9%), education US$ 982.2 million (7.5%), and the UK and Canada operations US$ 880.1 million (26.0%).
Gross profit rose 10.3% to US$ 1.4 billion (US$ 1,385.3 million), and gross margin fell from 21.9% to 20.5%, mainly due to product mix and lower margins in some categories. Operating income was US$ 489.5 million, up 10.4%, with a margin of 7.2%.
On an adjusted basis (non-GAAP, which excludes items such as amortization of intangibles and share-based compensation), adjusted operating income was US$ 619.8 million, adjusted net income was US$ 410.2 million, and adjusted earnings per share were US$ 3.26, up 20.4%.
The board of directors approved a quarterly dividend of US$ 0.68 per share, about 8% above the prior year's dividend. Payment will be made on December 10, 2026, to shareholders of record as of November 25, 2026.
