Wesco Q2 revenue beats on data center sales
WCC•Outlook and drivers
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Wesco is significantly raising its full-year 2026 outlook
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Company cites record backlog and multi-year customer commitments as drivers of positive outlook
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Wesco expects continued strong demand in data centers and infrastructure projects
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DATA CENTER SALES - Data center sales rose about 45% year-on-year, fueling overall sales growth
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BROAD-BASED VOLUME GROWTH - Volume growth in all three segments (CSS, EES, UBS) contributed to higher organic sales
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RECORD BACKLOG - Company backlog increased about 60% year-on-year, supported by multi-year customer commitments and infrastructure demand
Analyst coverage:
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the electrical components & equipment peer group is "buy"
- Wall Street's median 12-month price target for Wesco International Inc is $400.00, about 29.3% above its July 29 closing price of $309.36
- The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
