CDW tops Q1 revenue forecast on AI, cloud demand
CDW reported first-quarter net sales of $5.68 billion, exceeding analyst estimates of $5.48 billion, driven by strong customer spending on artificial intelligence and cloud infrastructure. The company's commercial segment grew about 10% to $3.57 billion, with particular strength in healthcare and financial services. Adjusted earnings came in at $2.28 per share, slightly below expectations.
CDW CORP/DE reported first-quarter net sales of $5.68 billion, exceeding analyst estimates of $5.48 billion. Demand rose across the United States, United Kingdom, and Canada as businesses accelerated spending on AI and cloud infrastructure. The revenue beat reflects customers moving from AI exploration into production-scale deployments, requiring specialized IT integration expertise.
