CDW reported net sales of $5.68 billion for the three months ended March 31, 2026, up 9.2 percent from $5.20 billion a year earlier. Gross profit rose 6.0 percent to $1.19 billion, while gross margin narrowed to 21.0 percent from 21.6 percent. Operating income increased 4.0 percent to $376 million, with non-GAAP operating income of $452 million, up 1.8 percent. GAAP net income reached $235.4 million, or $1.82 per diluted share, and non-GAAP net income was $295.3 million, or $2.28 per diluted share.

The commercial segment drove growth with net sales of $3.57 billion, a 9.6 percent increase led by financial services (+28.2 percent), corporate (+8.4 percent) and healthcare (+4.9 percent). Government net sales rose 4.6 percent to $633 million, and education sales grew 2.5 percent to $675 million. International operations in the UK and Canada delivered $803 million in net sales, up 17.9 percent year-over-year.

CDW’s board declared a quarterly cash dividend of $0.63 per share, payable June 10 to shareholders of record May 25, underscoring continued free cash flow generation and disciplined working capital management. Leadership highlighted progress on AI-forward initiatives and full-stack services, projecting outperformance of the US IT addressable market by 200–300 basis points on a constant currency basis.