CDW Corporation (CDW) earnings on August 5, 2026

Before the market opens Q2 2026

More CDW Corporation earnings

Prior outlook: No statistical edge

CDW's stock fell sharply after its earnings report, dropping as much as 26.6% during the day before closing down 8.7%. The decline came as the company announced its CFO plans to retire.

CDW price around the earnings

140.10

Change: -9.0%

2026-08-05, 20:00 UTC

End of the measured window
114.95 128.80 142.66 156.51 154.04
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 5, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

Pre-release: Analysts expect moderate growth, but target implies slight downside after a strong run-up.

Context analyzed before publication

Trend
Strong run-up into earnings, with recent moderation from peak trend strength.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.8
Analysts covering the stock
9
Average price target
152.56
Lowest price target
123
Highest price target
175
Upside to price target
-0.9%
Quarterly earnings growth
4.7%
Revenue growth
9.2%
Forward EPS
11.78
Trailing EPS
8.57
Analyst moves in the last 60 days
2
  • Strong buy: 2
  • Buy: 5
  • Hold: 3
  • Sell: 0
  • Strong sell: 0
Strong buy
2
Buy
5
Hold
3
Sell
0
Strong sell
0
  • July 13, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • June 23, 2026 · Morgan Stanley: Upgrades rating (Equal-Weight → Overweight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News

There is no news coverage available for this event.

Technicals

Evidence

Price when the context was analyzed
154.04
Average true range (ATR)
3.4%
Distance to 52-week high
-8.4%
14-day change (14d)
+18.7%
30-day change (33d)
+15.4%
30-day relative strength
+11.9%
SPY change (33d)
+3.5%
Nearest support
152.37
Distance to nearest support
1.1%
Nearest resistance
154.38
Distance to nearest resistance
0.2%
Volume accumulation ratio (14d / 46d)
0.89
  • Minor: 152.37 (1.1% away, 0.32 ATR, 6 touches)
  • Mid: 150.28 (2.4% away, 0.71 ATR, 13 touches)
  • Mid: 148.81 (3.4% away, 0.99 ATR, 5 touches)
  • Mid: 154.38 (0.2% away, 0.06 ATR, 12 touches)
  • Mid: 156.36 (1.5% away, 0.44 ATR, 15 touches)
  • Mid: 159.12 (3.3% away, 0.96 ATR, 19 touches)

Trends

Evidence

Average earnings surprise
+3.1%
  • May 6, 2026: actual EPS 2.28 vs estimate 2.29 (surprise -0.3%)
  • February 4, 2026: actual EPS 2.57 vs estimate 2.44 (surprise +5.1%)
  • November 4, 2025: actual EPS 2.71 vs estimate 2.62 (surprise +3.4%)
  • August 6, 2025: actual EPS 2.6 vs estimate 2.49 (surprise +4.4%)

Expected move

Implied move
+3.5%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.2%
75th percentile move
7.4%
90th percentile move
11.2%
Up / down moves
10 / 9
Average up move
+3.8%
Average down move
-7.2%

Monitoring and close

What CDW Corporation reported

Status
Finished
Actual EPS2.91
EPS estimate2.8
EPS surprise+3.9%
Revenue$6,572 million
Revenue estimate$6,206 million
Revenue surprise+5.9%

CDW beat Q2 expectations with record sales, but shares fell on weak margins and restructuring costs. Outlook remains pessimistic.

Sources (15)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -14.3% pre-market, a move 4x the stock's usual reaction (about 3%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.

How the stock reacted

Consolidated
-8.7%
Max move
-26.6%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.