CDW (CDW)
Connects businesses and public institutions with multi-brand IT products, cloud solutions, and services.
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Sells multi-brand hardware, software, cloud solutions, and services to commercial, government, education, and healthcare customers, mainly in the United States. Revenue is driven mostly by hardware, while vendor relationships, technical expertise, and logistics support a broader integration and lifecycle-services model.
Supplies hardware and software, then adds advisory, design, implementation, software development, managed services, and warranties for business, government, education, and healthcare customers. The portfolio spans notebooks and mobile devices, networking, collaboration, servers and storage, cloud, security, hybrid infrastructure, digital experience, and digital velocity.
Operates mainly in the United States through Commercial, Government, and Education segments, with UK and Canadian operations reported as Other. Customer-focused sellers, specialists, and engineers help design, procure, integrate, and manage multi-vendor systems across physical, virtual, and cloud environments.
Sits between more than 1,000 technology vendors and a broad institutional customer base, using purchasing scale, technical certifications, configuration, logistics, and lifecycle services to simplify complex deployments. Most sales still come from hardware, while performance also depends on short-term vendor authorizations, incentive programs, wholesale distributors, and customers’ technology spending.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 8, 2026 | Barclays | Reiterate | Rating: —Target: $123 | Target: $150 |
| Aug 6, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $170 | Target: $171 |
| Jun 23, 2026 | Morgan Stanley | Upgrade | Target: $141 | Target: $170 |
| May 27, 2026 | RBC Capital | Target | Target: — | Target: $130 |
| May 27, 2026 | JP Morgan | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $361.8M · Total debt $5.96B · Total assets $17.25B · Shareholders' equity $2.44B
- Revenue
- $6.57B
- Operating income
- $428.6M
- Net income
- $274.4M
HistoryDividendAnnual yield
| Institutions | 108.50% | 135.64M shares | |
|---|---|---|---|
| 782 holders · as of Jun 30, 2026 | |||
| Insiders | 0.49% | 612.5K shares | |
| 19 holders · as of Sep 14, 2026 | |||
| Strategic holders | 7.61% | 9.52M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Adds to | 116.60% | ||
125.02M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 116.60%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.19% | 15.24M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 7.61% | 9.52M | filed Feb 3, 2022 |
Vanguard Capital Management LLCInstitution | 6.67% | 8.34M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.56% | 8.20M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.62% | 5.78M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Elizabeth H. Connelly | officer: See Remarks | −26,695 | $137.62 |
| May 27, 2026 | David W. Nelms | director | +18,000 | $111.43 |
| May 18, 2026 | Christine A. Leahy | director, officer: See Remarks | +4,830 | $103.40 |
| Dec 8, 2025 | Sona Chawla | officer: See Remarks | −7,400 | $146.17 |
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Direct IT solutions reseller across enterprise, SMB, and public sectors
- ePlus
Services-heavy IT solutions VAR across SLED and managed services.
- TD SYNNEX
Global IT distributor and solutions aggregator adjacent to CDW channels.
- Ingram Micro
Channel-adjacent IT distribution and cloud marketplace overlap.
- ScanSource
Specialty distributor for hardware, SaaS, connectivity, and cloud.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CDW | $146.41 | +0.00% | $18.70B | 17.6 | 12.9 | 0.8 | +10.0% |
| Insight Enterprises | $155.48 | −0.78% | $4.73B | 22.9 | 12.3 | 0.6 | +14.7% |
| Connection | $86.58 | +0.79% | $2.17B | 22.7 | 20.0 | 0.7 | +12.4% |
| ePlus | $91.21 | −1.13% | $2.41B | 19.3 | 16.5 | 1.0 | +1.9% |
| TD SYNNEX | $278.98 | −0.22% | $22.36B | 20.0 | 14.0 | 0.3 | +31.0% |
| Ingram Micro | $27.03 | +0.26% | $6.22B | 14.7 | 7.7 | 0.1 | +13.6% |
| ScanSource | $57.91 | +1.09% | $1.16B | 15.7 | 12.0 | 0.4 | +17.3% |
| Median | 19.7 | 13.2 | 0.5 | +14.2% |