CDW Co.

CDW reported record quarterly net sales and EPS driven by strong demand for AI readiness and infrastructure modernization, with hardware revenue up 10% and international sales growing 23%. Management highlighted AI as a long-term catalyst and said higher ASPs offset lower unit volumes, while lifecycle and professional services are expected to pick up. The company raised its share repurchase authorization by $1 billion, plans $100–$200 million in savings from the Geared for Growth initiative, and expects cash conversion and operating leverage to improve in H2 2026 despite modest gross margin compression and a $400 million inventory increase. CFO Al Miralles plans to retire in 2027 and a successor search is underway. » Altro su finance.yahoo.com

CDW announced that Chief Financial Officer Albert J. Miralles will retire in 2027 after a transition period. Miralles will remain in his role until a successor is appointed and will then support the transition as an adviser; a search for his successor has already begun. Miralles has been CFO for five years and with CDW for 35 years; the CEO praised his role in the company’s transformation and growth strategy. » Altro su de.investing.com

L1 Capital's International Fund sold its position in CDW, saying AI implications for the IT reseller are mostly second-order and reallocating capital to larger opportunities it views as undervalued and less AI-sensitive. The fund returned +2.6% in Q2 2026 versus a +12.5% benchmark, with underperformance driven by holdings it did not own. CDW closed at $133.24 on July 17, 2026, has a market cap of $17.02 billion and lost 24.67% over the past 52 weeks. » Altro su finance.yahoo.com