CDW · Earnings call · 2026Q2T · Full report

Liquidity and Debt Position

CDW Corp · 2026-08-05 · Importance 37 · Surprise 6

Period-end net debt was $5.5 billion. Liquidity was approximately $2 billion, consisting of cash plus revolver availability. Net leverage ended the quarter at 2.5x, within CDW's target range of 2x to 3x. Management said it continues to proactively manage liquidity while maintaining capital-structure flexibility.

Key facts

• At period end, net debt was $5.5 billion
• Ended second quarter at 2.5x net leverage, within target range of 2 to 3x
• Liquidity stands at $2 billion with cash plus revolver availability