CDW · Analysis updated Nov 4, 2026, 4:12 PM ET

Why is CDW Corporation (CDW) stock moving?

CDW's third-quarter sales rose 17.7% to $6.75 billion, about 9% above the roughly $6.2 billion expected, led by servers and storage for AI and data-center upgrades, plus laptops and software. Adjusted earnings rose about 20% to $3.26 a share versus about $2.98 expected. Gross margin slipped to 20.5% from 21.9% because hardware-heavy projects carry thinner margins, but cost control lifted adjusted operating income 16.8% to $620 million. Management now expects the U.S. IT market to grow at a high-single-digit rate in 2026 and CDW to beat it by 3-4 percentage points, and it raised the quarterly dividend 8% to $0.68. The stock closed up about 13% at $168.75, after touching a 52-week high of $172.47.

News behind the analysis

CDW Stock Jumps 9% as AI Infrastructure Demand Drives Q3 Beat, 18% Revenue Growth
Benzinga · Nov 3, 2026
Sales +17.7% to $6.75B on AI infrastructure demand; adjusted EPS $3.26 beat.
CDW Q3 Earnings Beat, Revenues Jump 18% Y/Y Despite Margin Compression
Zacks · Nov 3, 2026
Gross margin fell to 20.5%; commercial and financial-services spending strong.
Earnings call transcript: CDW tops Q3 2026 estimates as stock jumps 7.5%
Investing.com · Nov 3, 2026
Management says customers are moving AI from pilots to production; raised 2026 IT market view.
Raymond James Adjusts CDW Price Target to $190 From $155
MT Newswires · Nov 3, 2026
Target raised after the third-quarter beat.

In the Daily Standout

November 4, 2026: on the shortlist +12.67%

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