CDW Co.

At the Citi 2026 Global TMT Conference, CDW said AI spending is moving from pure capacity building to implementation, supporting its consulting, integration and managed-services business. The company raised its full-year forecast and expects to outperform the U.S. IT market by 200–300 basis points, backed by a high backlog and broad demand. In the near term a stronger hardware mix pressured gross margin, but CDW expects margins to improve as services and cloud revenue grow. The acquisition of Lovelytics is intended to boost data readiness and service capacity; risks remain in supply chains, price volatility and uneven customer spending cycles. » Altro su de.investing.com

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

Pzena Focused Value Strategy initiated a position in CDW Corporation, citing that AI-related concerns depressing the stock are misplaced and that recent margin pressure stems from strategic investments to broaden CDW’s product portfolio. The firm noted the current market volatility as a long-term buying opportunity despite the portfolio underperforming the value index in Q1 2026. CDW closed at $123.57 on June 22, with a one-month return of 13.8% and a 52-week decline of 31.29%. » Altro su finance.yahoo.com