Equity Profile

CDW

CDW Corporation

Information TechnologyTechnology Distributors$17.0B

May6Wed

Post-Earnings Recap

ReportedQ1-2026Pre-Market7:00 AM EDT

CDW Corporation Matches EPS, Stock Down 20.32%

Metric	Actual	Expected	Surprise
EPS	$2.28	$2.28	+5.85%
Revenue	N/A	$5.5B	N/A

management commentary, guidance changes, and full analysis available with Pro.

CDW Corporation Matches EPS, Stock Down 20.32%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.28	$2.28	+5.85%
Revenue	N/A	$5.5B	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

CDW Corporation reported earnings that matched expectations on EPS but did not provide revenue figures. The stock reacted sharply, dropping over 20%, indicating investor concerns despite the EPS match. The lack of guidance and revenue details may have contributed to the negative sentiment.

Company Snapshot

CDW Corporation is a leading provider of technology solutions and services, specializing in IT products and services for businesses. As a key player in the Information Technology sector, CDW helps organizations optimize their technology investments, which is increasingly important as companies shift towards cloud computing and digital transformation.

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well CDW is managing costs and generating income.

$2.28

Revenue

Revenue growth reflects the demand for CDW's technology solutions and services, which is vital for assessing overall business health.

$5.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+7.67%

Avg Stock Reaction

-3.28%

Last Quarter Recap

In Q4-2025, CDW reported an EPS of $2.57, exceeding expectations by 11.06%. The stock reacted positively, gaining 9.45% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect CDW to report solid earnings this quarter, with a consensus EPS of $2.28 and revenue of $5.5B. The market is looking for continued strength in IT spending.

Bull Case

If CDW beats earnings expectations, it could signal strong demand for its services, leading to increased investor confidence and a potential stock price increase.

Bear Case

Conversely, if CDW misses earnings estimates, it may raise concerns about slowing demand in the IT sector, which could negatively impact the stock price.

Key Metrics to Watch

EPS

$2.28

Earnings per share is a critical measure of profitability and will indicate how well CDW is managing costs and generating income.

Revenue

$5.5B

Revenue growth reflects the demand for CDW's technology solutions and services, which is vital for assessing overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CDW's EPS exceed the consensus estimate of $2.28?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What are the revenue growth trends in key segments?

Understanding revenue growth in specific areas will help gauge demand for CDW's services and the overall health of the IT market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CDW's ability to capitalize on increased IT spending, especially in cloud services, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

CDW's recent performance has shown a consistent ability to beat earnings expectations, indicating strong operational management.

The options market is pricing in a significant move, suggesting that investors expect volatility and potential upside.

Key Risk

If revenue growth in key segments exceeds expectations, it could challenge the current consensus view.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on whether CDW can maintain its strong earnings trajectory amid changing market conditions.

Bull Confirmed If

An EPS of $2.30 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $2.25 would signal potential issues in demand or cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±7.52%

Historical Avg

±8.3%

Pricing cheap

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±6.1% while CDW has averaged ±8.3% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.5%

30d HV

28.8%

Calls (1.5M)P/C Ratio: 0.34Puts (2.5M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: X of Y (Z%)

This setup has occurred 30 times across Information Technology in the last 2 years. The average absolute 1-day move is 4.9%, with a raw directional average of +0.4% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CDW beats expectations, history suggests the stock could rise by about 0.9%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary.

Miss

A miss could lead to a decline of around 11.28%, reflecting concerns over demand and operational challenges.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth in cloud services and digital transformation solutions.
2Insights on customer demand trends and how they are affecting sales.
3Management's outlook on IT spending for the remainder of the year.
4Details on cost management strategies and their impact on profitability.
5Any commentary on competitive pressures in the technology distribution space.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well CDW is managing costs and generating income.

$2.28

Revenue

Revenue growth reflects the demand for CDW's technology solutions and services, which is vital for assessing overall business health.

$5.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+7.67%

Avg Stock Reaction

-3.28%

Last Quarter Recap

In Q4-2025, CDW reported an EPS of $2.57, exceeding expectations by 11.06%. The stock reacted positively, gaining 9.45% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect CDW to report solid earnings this quarter, with a consensus EPS of $2.28 and revenue of $5.5B. The market is looking for continued strength in IT spending.

Bull Case

If CDW beats earnings expectations, it could signal strong demand for its services, leading to increased investor confidence and a potential stock price increase.

Bear Case

Conversely, if CDW misses earnings estimates, it may raise concerns about slowing demand in the IT sector, which could negatively impact the stock price.

Key Metrics to Watch

EPS

$2.28

Earnings per share is a critical measure of profitability and will indicate how well CDW is managing costs and generating income.

Revenue

$5.5B

Revenue growth reflects the demand for CDW's technology solutions and services, which is vital for assessing overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will CDW's EPS exceed the consensus estimate of $2.28?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What are the revenue growth trends in key segments?

Understanding revenue growth in specific areas will help gauge demand for CDW's services and the overall health of the IT market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate CDW's ability to capitalize on increased IT spending, especially in cloud services, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

CDW's recent performance has shown a consistent ability to beat earnings expectations, indicating strong operational management.

The options market is pricing in a significant move, suggesting that investors expect volatility and potential upside.

Key Risk

If revenue growth in key segments exceeds expectations, it could challenge the current consensus view.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter, the focus is on whether CDW can maintain its strong earnings trajectory amid changing market conditions.

Bull Confirmed If

An EPS of $2.30 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $2.25 would signal potential issues in demand or cost management.

Pre-Earnings Positioning

Options Market

Implied Move

±7.52%

Historical Avg

±8.3%

Pricing cheap

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±6.1% while CDW has averaged ±8.3% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.5%

30d HV

28.8%

Calls (1.5M)P/C Ratio: 0.34Puts (2.5M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: X of Y (Z%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If CDW beats expectations, history suggests the stock could rise by about 0.9%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary.

Miss

A miss could lead to a decline of around 11.28%, reflecting concerns over demand and operational challenges.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth in cloud services and digital transformation solutions.
2Insights on customer demand trends and how they are affecting sales.
3Management's outlook on IT spending for the remainder of the year.
4Details on cost management strategies and their impact on profitability.
5Any commentary on competitive pressures in the technology distribution space.