CDW

CDW CorporationNASDAQ · Technology Distributors · Information Technology

Previous close

149.96

Change

−3.78 / −2.46%

FinDog View

Neutral

52-Week Range

97.12 – 169.20

P/E (TTM)

17.5

Forward P/E

12.8

Based on consensus earnings for the next 12 months

Market Cap

$18.7B

+10.84%

S&P 500 −2.41% over same period

Volume / Avg Volume

969K / 1.5M

0.65× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 16.91M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-08-05	$6.6B	2.91 / 2.83	+1.33%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-05-06	$5.7B	2.28 / 2.31	+1.10%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-04	—	— / —	+1.95%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-11-04	—	— / —	+3.29%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-08-06	—	— / —	−2.19%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-05-07	—	— / —	+2.60%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 20 of its 5-year rangeCheap

5-year range 15.2 – 30.2 · Median 22.1

Last 4 quarters: $848M in buybacks + $324M in dividends, 6.25% of market cap combined

P/E (TTM)

17.5

P/B

7.7

P/S

0.8

Dividend Yield

1.14%

Earnings Reaction

Over the last 6 reports, the stock moved ±2.1% on average on the first trading day after, rising 5 times

Most recent +1.33%

Volatility & Correlation

1-year beta 0.82 · Correlation with S&P 500 0.23Tracks the market

Annualized volatility 46% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 1 · $3.7MNet selling $3.7M

08-07CONNELLY ELIZABETH H.See RemarksSell$3.7M26,695 shares · Avg price 137.62

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	6.57	+10.0%	20.1%	0.43	0.27	-0.08	2.15
FY2026 Q1	5.68	+9.2%	21.0%	0.38	0.24	0.25	1.82
FY2025 Q4	5.51	+6.3%	22.8%	0.43	0.28	0.40	2.13
FY2025 Q3	5.74	+4.0%	21.9%	0.44	0.29	0.30	2.21
FY2025 Q2	5.98	+10.2%	20.8%	0.42	0.27	0.13	2.05
FY2025 Q1	5.20	+6.7%	21.6%	0.36	0.22	0.26	1.69
FY2024 Q4	5.19	+3.3%	22.3%	0.41	0.26	0.32	1.97
FY2024 Q3	5.52	−2.0%	21.8%	0.48	0.32	0.31	2.34
FY2024 Q2	5.42	−3.6%	21.8%	0.43	0.28	0.12	2.07
FY2024 Q1	4.87	−4.5%	21.8%	0.33	0.22	0.41	1.59
FY2023 Q4	5.02	−7.7%	23.0%	0.44	0.30	0.50	2.18
FY2023 Q3	5.63	−9.4%	21.8%	0.48	0.32	0.43	2.32

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
CDW	CDW Corporation	$18.7B	17.5	+10.0%	20.1%	+10.84%	Neutral
NVDA	Nvidia	$5.15T	26.8	+105.9%	75.0%	−4.94%	Bullish	Compare
AAPL	Apple Inc.	$4.85T	37.5	+16.4%	50.1%	+8.78%	Bullish	Compare
MSFT	Microsoft	$3.64T	27.7	+17.7%	67.2%	+2.07%	Neutral	Compare
AVGO	Broadcom	$1.62T	42.3	+85.5%	69.1%	−13.49%	Bullish	Compare
MU	Micron Technology	$1.05T	20.7	+345.7%	84.6%	−8.42%	Neutral	Compare
AMD	Advanced Micro Devices	$837B	131.0	+50.1%	53.8%	+1.28%	Bullish	Compare
INTC	Intel	$534B	—	+25.4%	40.4%	−2.36%	Neutral	Compare
CSCO	Cisco	$425B	32.7	+17.6%	64.1%	−4.57%	Neutral	Compare

The View in One Line

No financial data; up 10.84% over the past month but with no fundamental support. Neutral.

Updated 2026-09-16

Notable Institutional Holders

Citadel Advisors · Ken Griffin$61.9MReduced −72%
Renaissance Technologies$2.8MReduced −96%
Bridgewater Associates · Ray Dalio$1.8MReduced −53%
Duquesne Family Office · Stanley Druckenmiller$104,629

As of 2026-06-30

Key Events

09-15Capital Actions
CDW Issues $1.5 Billion in Senior Notes
On September 14, 2026, CDW reached an underwriting agreement to issue $600 million of senior notes due 2029, $500 million due 2032 and $400 million due 2033, with settlement expected on September 21.Source ↗
08-05Capital Actions
CDW Reports Q2 Results and Declares Quarterly Dividend
On August 5, 2026, CDW released its Q2 earnings and declared a quarterly cash dividend of $0.63 per share, payable September 10.Source ↗
08-05Management Change
CFO Miralles to Retire in 2027; Company Begins Succession Transition
CDW chief financial officer Albert J. Miralles informed the company on August 3, 2026 that he plans to retire in 2027, and will remain until a successor is named before transitioning to an advisory role.Source ↗
05-26Governance
CDW Shareholders Approve Written Consent Right and Director Elections
At CDW's May 21, 2026 annual meeting, shareholders passed a bylaw amendment allowing shareholder action by written consent and elected nine directors to terms through 2027.Source ↗
05-13Capital Actions
CDW Board Approves $1 Billion Increase to Buyback Program
On May 13, 2026, CDW announced that its board approved a $1 billion increase to its share repurchase program, effective immediately.Source ↗
05-06Capital Actions
CDW Reports Q1 Results and Declares Quarterly Dividend
On May 6, 2026, CDW reported first-quarter results and declared a quarterly cash dividend of $0.63 per share, payable June 10.Source ↗
03-27Management Change
Director Sanjay Mehrotra Will Not Stand for Re-election
On March 24, 2026, Sanjay Mehrotra notified CDW that he will not stand for re-election at the 2026 annual meeting of shareholders, and his term will continue until it expires.Source ↗

Key Financial Trends

Quarterly Revenue ($B)6.6

Gross Margin20.1%

Free Cash Flow ($B)-0.1