CDW · Earnings call · 2026Q2T · Full report

Market Demand Trends

CDW Corp · 2026-08-05 · Importance 48 · Surprise 40

CDW reported healthy demand for infrastructure modernization, cloud, AI readiness, security and resilience, with written demand exceeding invoicing and backlog significantly elevated. Commercial demand increased 9%, including 11% growth in Corporate and 9% in Healthcare, while Government grew approximately 14% on improving federal demand and continued state and local momentum. Education increased approximately 1%, with healthy K-12 demand but constrained higher education funding. International net sales increased approximately 23%, led by record Canada performance and strong U.K. momentum, with both markets delivering mid-teens or better local-market growth.

Key facts

• Memory price inflation contributed to cloud adoption as some customers sought alternatives to hardware expenditures