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CDW Earnings Calls
| Release date | Nov 04, 2025 |
| EPS estimate | $2.62 |
| EPS actual | $2.71 |
| EPS Surprise | 3.44% |
| Revenue estimate | 5.333B |
| Revenue actual | 5.737B |
| Revenue Surprise | 7.58% |
| Release date | Aug 06, 2025 |
| EPS estimate | $2.49 |
| EPS actual | $2.60 |
| EPS Surprise | 4.42% |
| Revenue estimate | 5.512B |
| Revenue actual | 5.977B |
| Revenue Surprise | 8.42% |
| Release date | May 07, 2025 |
| EPS estimate | $1.96 |
| EPS actual | $2.15 |
| EPS Surprise | 9.69% |
| Revenue estimate | 4.936B |
| Revenue actual | 5.199B |
| Revenue Surprise | 5.32% |
| Release date | Feb 05, 2025 |
| EPS estimate | $2.33 |
| EPS actual | $2.48 |
| EPS Surprise | 6.44% |
| Revenue estimate | 4.959B |
| Revenue actual | 5.186B |
| Revenue Surprise | 4.57% |
Last 4 Quarters for CDW
Below you can see how CDW performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Feb 05, 2025 |
| Price on release | $206.13 |
| EPS estimate | $2.33 |
| EPS actual | $2.48 |
| EPS surprise | 6.44% |
| Date | Price |
|---|---|
| Jan 30, 2025 | $197.76 |
| Jan 31, 2025 | $199.14 |
| Feb 03, 2025 | $198.44 |
| Feb 04, 2025 | $199.34 |
| Feb 05, 2025 | $206.13 |
| Feb 06, 2025 | $199.86 |
| Feb 07, 2025 | $192.02 |
| Feb 10, 2025 | $191.57 |
| Feb 11, 2025 | $191.74 |
| 4 days before | 4.23% |
| 4 days after | -6.98% |
| On release day | -3.04% |
| Change in period | -3.04% |
| Release date | May 07, 2025 |
| Price on release | $175.52 |
| EPS estimate | $1.96 |
| EPS actual | $2.15 |
| EPS surprise | 9.69% |
| Date | Price |
|---|---|
| May 01, 2025 | $162.40 |
| May 02, 2025 | $166.83 |
| May 05, 2025 | $165.75 |
| May 06, 2025 | $163.93 |
| May 07, 2025 | $175.52 |
| May 08, 2025 | $180.09 |
| May 09, 2025 | $178.94 |
| May 12, 2025 | $188.82 |
| May 13, 2025 | $190.68 |
| 4 days before | 8.08% |
| 4 days after | 8.64% |
| On release day | 2.60% |
| Change in period | 17.41% |
| Release date | Aug 06, 2025 |
| Price on release | $165.51 |
| EPS estimate | $2.49 |
| EPS actual | $2.60 |
| EPS surprise | 4.42% |
| Date | Price |
|---|---|
| Jul 31, 2025 | $174.38 |
| Aug 01, 2025 | $168.86 |
| Aug 04, 2025 | $172.14 |
| Aug 05, 2025 | $165.24 |
| Aug 06, 2025 | $165.51 |
| Aug 07, 2025 | $161.88 |
| Aug 08, 2025 | $162.92 |
| Aug 11, 2025 | $160.15 |
| Aug 12, 2025 | $164.06 |
| 4 days before | -5.09% |
| 4 days after | -0.88% |
| On release day | -2.19% |
| Change in period | -5.92% |
| Release date | Nov 04, 2025 |
| Price on release | $141.66 |
| EPS estimate | $2.62 |
| EPS actual | $2.71 |
| EPS surprise | 3.44% |
| Date | Price |
|---|---|
| Oct 29, 2025 | $157.32 |
| Oct 30, 2025 | $156.80 |
| Oct 31, 2025 | $159.37 |
| Nov 03, 2025 | $154.83 |
| Nov 04, 2025 | $141.66 |
| Nov 05, 2025 | $146.32 |
| Nov 06, 2025 | $141.56 |
| Nov 07, 2025 | $142.45 |
| Nov 10, 2025 | $143.31 |
| 4 days before | -9.95% |
| 4 days after | 1.16% |
| On release day | 3.29% |
| Change in period | -8.91% |
CDW Earnings Call Transcript Summary of Q3 2025
CDW reported Q3 2025 results with consolidated net sales of $5.7 billion (+4% y/y) and gross profit of $1.3 billion (+5% y/y). Non-GAAP operating income was $531 million (down ~1% y/y) and non-GAAP EPS was $2.71 (+3% y/y). Adjusted free cash flow was $209 million for the quarter ($668M YTD). Key drivers: continued strength in Services (up 9% Y/Y; 14% growth in professional and managed services), Software and Cloud/security, Client Devices (7% growth), and strong performance in Small Business and international (U.K./Canada). Gross margin was roughly in line with expectations (21.9%), helped by increased netted-down revenues and services mix. Management emphasized embedding AI across operations and delivering AI/solutions to customers. They maintained a prudent full-year outlook (IT market low-single-digit growth with CDW premium of 200–300 bps) and specifically modeled Q4 conservatively assuming the government shutdown persists. Capital allocation: CDW raised the annual dividend ~1% to $2.52 (12th consecutive increase), repurchased ~$150M in the quarter, has returned $747M YTD (~112% of adjusted FCF) and finished the quarter at ~2.5x net leverage. Guidance: unchanged full-year gross profit and low-single-digit EPS growth; Q4 gross profit expected low- to mid-single-digit y/y growth but down sequentially; Q4 EPS expected slightly down y/y.
