CDW Corporation (CDW) Earnings Call Transcripts

CDW Corporation's Latest Earnings Call - May 19, 2026

In the Q1 2026 earnings call for CDW Corporation, management reported strong demand for AI-related services, driving a revenue increase to $4.5 billion, up 12% year-over-year, and earnings per share (EPS) of $1.25, exceeding analyst expectations by $0.10. The company signaled a commitment to its 'geared for growth' initiative, aiming for $100 million in savings by 2027, which will be reinvested to enhance operational efficiency and shareholder value. Management maintained its guidance for the fiscal year, projecting continued revenue growth driven by AI and modernization efforts.

Reported metrics

Guidance from management

Management maintained its guidance for the fiscal year, projecting continued revenue growth driven by AI and modernization efforts, with a focus on achieving operating leverage and improving the SG&A ratio.

What management said

I would just add, to be clear that our ultimate goal is to drive productivity that translates into operating leverage that allows us to reinvest in the growth areas of the business and obviously return value to shareholders.

Samik, what I would say is that we are committed to, as Chris said, getting back to operating leverage and getting our SG&A ratio back to that sweet spot 55%, 56%. And -- so as you can imagine, there's always pulls on demand for reinvestment, and we have a rigorous process to look at ROI and make sure that every dollar we're putting back in, in the way of investment is going to get a compounding return. So that's how...

What analysts pressed on

Analysts expressed concerns about the timing of service growth, noting that customer decisions have delayed service implementations. There was also discussion about the sustainability of revenue growth amid supply constraints and pricing pressures.

Main topics on the call

• AI-Driven Demand — Management emphasized that customers are moving beyond experimentation with AI and are now focused on implementation, stating, "customers are no longer in the experimentation stage of AI, but they're asking us how to imp...
• Geared for Growth Initiative — CDW is targeting $100 million in savings by 2027 through operational efficiencies, with a focus on "how do we actually sustainably improve our cost base, but also end-to-end experience for customers, partners, coworkers....
• Recurring Revenue Opportunities — Management highlighted the potential for increased recurring revenue through AI services, noting that "AI as a technology is putting our customers in a position where they value more services from CDW." This includes man...
• Supply Chain Management — CDW's strong position in the supply chain allows it to navigate price increases and supply constraints effectively. Management stated, "we have been able to garner information about price increases and have access to inv...

Read the full CDW Corporation transcript (May 19, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 49 CDW Corporation earnings call transcripts on record, spanning February 6, 2020 to May 19, 2026. Based on this history, CDW Corporation reports quarterly. The most recent call on file is dated May 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CDW

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

49

First call

February 6, 2020

Most recent

May 19, 2026

Reporting cadence

quarterly