CDW · Earnings call · 2026Q2T · Full report

Macroeconomic Factors Impact

CDW Corp · 2026-08-05 · Importance 17 · Surprise 24

Management described the technology environment as dynamic, with pricing volatility, inflationary pricing and cautious customer spending affecting purchasing decisions. Customers are engaging more frequently to analyze price increases, but continue spending against technology budgets because of mission-critical productivity, infrastructure, workplace modernization and security needs. CDW has seen some technology budgets reallocated from other functions as CFOs classify function-specific initiatives as technology spending. Management said pricing-related pull-forward was not meaningful and characterized underlying demand as strong and durable based on bookings, invoicing and backlog.