CDW Corp

CDW Corporation kicked off 2025 on a strong note, posting first-quarter results that cleared Wall Street's bar on both the top and bottom lines. Non-GAAP EPS of $2.15 came in 9.54% ahead of the $1.96 consensus estimate, while revenue of $5.20 billion topped expectations by 5.32% and climbed 6.7% year-over-year — or 8.4% on an average daily sales basis after adjusting for one fewer selling day. The standout driver was a surge in customer demand for notebooks, mobile devices, and software, with the Public segment leading the charge at 10.6% average daily sales growth, fueled by particularly strong performance in Healthcare and Education. Non-GAAP operating income rose 10.0% to $444.00 million, and margin expanded modestly to 8.5%. Shares edged higher following the report, though management struck a measured tone on the outlook, acknowledging persistent economic uncertainty while reiterating its target of exceeding U.S. IT market growth by 200 to 300 basis points on a constant currency basis as customers increasingly lean on CDW as a technology advisor.