CDW Corporation Q3 2025 Earnings Recap

CDW reported a solid third quarter performance with consolidated net sales rising 4% to $5.7 billion, driven by strong execution across diverse customer segments despite a dynamic market environment.

Key Takeaways

• Gross profit increased 5% to $1.3 billion, showcasing effective sales strategies in key areas like security and cloud solutions.
• Non-GAAP net income per share rose 3% to $2.71, reflecting the company's ability to maintain profitability amid market challenges.
• Adjusted free cash flow reached $209 million, indicating strong cash generation capabilities supporting future investments.
• Small Business segment exhibited double-digit growth, fueled by demand for cloud and AI-related technologies.
• U.K. and Canadian operations performed well, reporting a combined 9% increase in net sales, underscoring the benefits of geographic diversity.