Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
A profitable quarter that consumed cash
Customers paid more slowly and stock built up, so $274.4M of net income came with cash going out.
For investorsWhat has to happen for cash to catch up with profit
For foundersHow a reseller gets its suppliers to pay for distribution
Sales rose 10.0%, yet lower-margin hardware and higher pay left operating income almost where it was a year ago.
With 60.3% of sales, Commercial earned the widest segment margin, so corporate, healthcare and finance buyers largely set group profit.
Net income rose 1.2%, yet each share earned more because the diluted share count fell to 127.4M.
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Business Lens describes CDW Corporation from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
