CDW · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

CDW Corp · 2026-11-04 · Importance 69 · Surprise 64 · In source text

For the third quarter, Commercial sales increased 20.8% to $3,979.4 million, Government increased 9.9% to $912.8 million, Education increased 7.5% to $982.2 million, and Other increased 26.0% to $880.1 million. Within Commercial, Financial Services grew 73.2% to $571.5 million, Corporate grew 16.8% to $2,606.3 million, and Healthcare grew 9.3% to $801.6 million. For the first nine months, Commercial rose 13.1% to $11,514.2 million, Government rose 9.7% to $2,393.7 million, Education rose 3.7% to $2,590.3 million, and Other rose 22.3% to $2,508.3 million; Other comprises CDW UK and CDW Canada.

Key facts

• For the three months ended September 30, 2026, CDW net sales increased 17.7% to $6,754.5 million; constant-currency net sales increased 17.8%. source
• For the nine months ended September 30, 2026, CDW net sales increased 12.4% to $19,006.5 million; constant-currency net sales increased 12.1%. source
• Effective January 1, 2026, CDW realigned its customer-facing sales organization and now reports Commercial, Government, and Education as its three reportable segments; CDW UK and CDW Canada remain in Other. source
• CDW’s solutions portfolio includes more than 100,000 products and services from more than 1,000 brands, delivered through approximately 10,500 customer-facing coworkers. source
• For the three months ended September 30, 2026, customer demand drove CDW sales growth primarily in data storage and servers, notebooks/mobile devices, and software. source
• For the nine months ended September 30, 2026, customer demand drove CDW sales growth primarily in data storage and servers, notebooks/mobile devices, software, and netcomm products. source

Impact estimates