CDW Corp Q2 2026: Revenue Jumps 10% on AI Infrastructure Demand
As seen on the 24/7 Wall St. homepage on August 5, 2026.
AI infrastructure buying is now showing up in the distribution layer: revenue rose 10% year over year on data storage, server and networking demand, the strongest quarter in CDW's recent history. Management still expects to beat US IT market growth by 200 to 300 basis points.
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CDW reported Q2 2026 earnings per share of $2.91, beating the $2.80 consensus estimate by roughly 4%. The revenue beat was even more striking: $6.57 billion came in nearly 6% above the $6.21 billion analysts had expected, making it the strongest quarter in CDW's recent history according to management.
The driver was a surge in AI infrastructure spending flowing through the distribution layer, with data storage, servers, and networking all contributing to revenue that was 10% higher than the same quarter a year ago. That kind of broad-based hardware demand suggests enterprise customers are moving past planning stages and actively deploying AI-related upgrades across their IT environments.
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Looking ahead, management maintained its guidance that CDW expects to outgrow the overall US IT market by 200 to 300 basis points. The Q2 result adds credibility to that target, particularly given that the prior quarter, Q1 2026, saw EPS of $2.28 come in just below its $2.29 estimate — a soft patch that now looks like a one-quarter blip rather than a trend.
Mentioned: CDW