earnings
confidence high
sentiment neutral
materiality 0.65
CDW Q3 2025: net sales up 4% YoY to $5.74B; GAAP EPS down 5.8%, non-GAAP EPS up 3%; dividend raised 1%
CDW Corp
2025-Q3 EPS
reported $5.94
vs consensus $2.65
▲ beat
(+124.4%)
- Q3 net sales $5.74B (+4% YoY); GAAP diluted EPS $2.21 (-5.8%); non-GAAP diluted EPS $2.71 (+3%).
- Operating income $443M (-8%); non-GAAP operating income $531M (-0.6%); operating margin 7.7% vs 8.7%.
- Small Business segment led growth (+14.2%); Corporate +4.4%; Public +0.6%; Other +9.1%.
- Quarterly dividend increased ~1% to $0.630/share, payable Dec 10, 2025 to holders of record Nov 25.
- Management reaffirms target to exceed US IT market growth by 200-300 bps on constant currency basis.