Why did CDW Corporation (CDW) stock move recently?

On 8/5/2026, CDW Corporation moved -12.8% — CDW dropped as investors reacted to a squeeze in profitability: gross margin narrowed year over year on a shift toward lower-margin hardware, alongside news of an upcoming executive departure, despite Q2 revenue and EPS topping estimates. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is CDW Corporation (CDW) overvalued or fairly valued?

MarketChacha shows CDW Corporation's valuation in context — a trailing P/E of about 16.4, a forward P/E of about 11.4, a price-to-book of about 6.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does CDW Corporation's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.26×) from reported figures — education, not a rating.

What is CDW Corporation's revenue?

CDW Corporation reported revenue of $22.4B for FY2025, with net profit of $1.1B, per official filings.

What is the share price of CDW Corporation (CDW)?

CDW Corporation last traded at $135.37 (-0.8% on the day), as of 8/11/2026 — a delayed quote shown for education, not investment advice.

CDW Corporation

CDW · NYSE · Technology · United States

Snapshot

TickerCDW

ExchangeNYSE

SectorTechnology

IndustryInformation Technology Services

CountryUnited States

Employees14,800

HeadquartersVernon Hills, United States

Websitewww.cdw.com

Filings tracked17

About CDW Corporation

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Commercial, Government, and Education. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. It also provides hardware products comprising notebooks/mobile devices, tablets, network communications, collaboration hardware, data storage and servers, desktop computers, and other hardware; and software products, such as cloud solutions, software assurance, application suites, security, virtualization, collaboration and productivity applications, operating systems, and network management. In addition, the company offers advisory and design, software development, implementation, and managed services, as well as warranties. It serves business, government, education, and healthcare customers. The company was formerly known as CDW Computer Centers, Inc. and changed its name to CDW Corporation in June 2003. CDW Corporation was founded in 1984 and is based in Vernon Hills, Illinois.

Who owns it

Insiders0.5%
Institutions99.5%
Public & other0.0%

1,093 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.12.19%
Vanguard Capital Management LLC6.74%
Vanguard Portfolio Management LLC6.55%
State Street Corporation4.62%
Harris Associates L.P.4.31%
Boston Partners4.20%
Geode Capital Management, LLC3.03%
JPMORGAN CHASE & CO2.57%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.26×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend5.2% → 4.8%

Margin has held broadly steady over the period — stable profitability.

Return on equity40.9%

Latest ROE of 40.9% — capital is generating a healthy return.

Growth qualityrev 2% · PAT -2%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $5.8B · EPS 2.82

Est. earnings growth +9.8%

Next fiscal year

Rev $25.1B · EPS 11.94

Est. earnings growth +9.2%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$22.4B

Net margin

4.8%

ROE

40.9%

Revenue CAGR (2y)

+2.4%

Profit CAGR (2y)

-1.7%

EPS (FY2025)

8.08

Net profit (FY2025)

$1.1B

Ask MarketChacha about CDW

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Aug 5, 2026
CDW dropped as investors reacted to a squeeze in profitability: gross margin narrowed year over year on a shift toward lower-margin hardware, alongside news of an upcoming executive departure, despite Q2 revenue and EPS topping estimates.
source 1 ↗source 2 ↗· confidence: high
Aug 4, 2026
CDW shares rose with the broader market and IT sector on the day, with no company-specific news, earnings, guidance update, or filing identified as the driver.
· confidence: low
Jul 28, 2026
CDW rose on continued momentum from Q1 earnings and guidance highlighting resilient IT demand amid AI/cloud spending, with no new specific catalyst reported today.
source 1 ↗source 2 ↗· confidence: medium
Jul 27, 2026
No specific company catalyst or news event identified for the 6% gain; the move appears to reflect broader market or sector sentiment around resilient IT demand and upcoming Q2 results.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$22.4B	$1.1B	8.08	4.8%	40.9%
FY2024	$21.0B	$1.1B	7.97	5.1%	45.8%
FY2023	$21.4B	$1.1B	8.10	5.2%	54.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$6.6B	$274.4M	2.15	4.2%
2026Q1	$5.7B	$235.4M	1.82	4.1%
2025Q3	$5.7B	$291.0M	2.21	5.1%
2025Q2	$6.0B	$271.2M	2.05	4.5%
2025Q1	$5.2B	$224.9M	1.69	4.3%
2024Q3	$5.5B	$316.4M	2.34	5.7%
2024Q2	$5.4B	$281.1M	2.07	5.2%
2024Q1	$4.9B	$216.1M	1.59	4.4%
2023Q3	$5.6B	$315.5M	2.32	5.6%
2023Q2	$5.6B	$262.6M	1.92	4.7%
2023Q1	$5.1B	$230.1M	1.68	4.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/5/2026
8-K — Results of operations, Other events, Exhibits
SEC8/5/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC8/5/2026material
8-K — Bylaw/charter change, Shareholder vote results, Exhibits
SEC5/26/2026material
8-K — Reg FD disclosure, Other events, Exhibits
SEC5/13/2026material
8-K — Results of operations, Other events, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
8-K — Reg FD disclosure
SEC5/1/2026material
8-K — Executive/director change
SEC3/27/2026material
10-K filing
SEC2/20/2026
8-K — Results of operations, Other events, Exhibits
SEC2/4/2026material

2025

8-K — Material agreement, Termination of agreement, Material financial obligation, Executive/director change, Exhibits
SEC12/23/2025material
8-K — Results of operations, Other events, Exhibits
SEC11/4/2025material
10-Q filing
SEC11/4/2025
8-K — Executive/director change
SEC10/28/2025material
8-K — Results of operations, Other events, Exhibits
SEC8/6/2025material
10-Q filing
SEC8/6/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.