# CDW Raises Full-Year EPS Outlook to Low Double-Digit Growth

> CDW boosts full-year EPS growth to low double-digit as AI infrastructure demand lifts sales 18% to record $6.8 billion.
- Title: CDW Raises Full-Year EPS Outlook to Low Double-Digit Growth
- Summary: CDW boosts full-year EPS growth to low double-digit as AI infrastructure demand lifts sales 18% to record $6.8 billion. CDW raised its full-year 2026 EPS…
- Keywords: cdw, ai infrastructure, sales, eps, full-year outlook, record $6.8 billion, lovelytics acquisition, dividend increase, gross profit growth, non-gaap eps, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/US_CDW_2026-11-04
- Author: BigGo Finance
- Published: 2026-11-04T14:54:20+00:00
- Read time: 2 min
- Topics: cdw, ai infrastructure, sales, eps, full-year outlook, record $6.8 billion, lovelytics acquisition, dividend increase, gross profit growth, non-gaap eps, finance, markets
## CDW Q3 2026 Results
CDW reported record third-quarter 2026 net sales of $6.8 billion, up 18% year over year on average daily basis.
## AI Infrastructure Demand Drives Growth
Enterprise and financial services customers invested heavily in AI-ready infrastructure, boosting sales 18% year over year.
## Strong Financial Performance
Gross profit rose 10.3% to $1.4 billion, non-GAAP EPS surged 20.4% to $3.26, and adjusted free cash flow exceeded $500 million.
## Full-Year Outlook Raised
CDW raised full-year gross profit growth to mid-to-high single digits and non-GAAP EPS growth to low double-digit range.
## Dividend and Acquisition Announced
CDW increased quarterly dividend 8% to $0.68 per share and completed $525 million acquisition of data and AI services firm Lovelytics.
## Margin Pressure from Mix Shift
Gross margin contracted 140 basis points to 20.5% due to shift toward large infrastructure projects with higher hardware content.
## CEO Chris Leahy on AI Strategy
CEO Chris Leahy stated customers are prioritizing infrastructure modernization and AI adoption for AI-ready infrastructure.
## CFO Al Miralles on Margin Dynamics
CFO Al Miralles pushed back on like-for-like margin compression, attributing gross margin decline to strong enterprise and financial services customers.
## AI Infrastructure Sales Surge
Hardware sales jumped 21%, data storage and servers more than doubled year over year, software grew 14%.
## Services Segment Returns to Growth
Services segment returned to growth at 2%, earlier than expected, despite professional services being impacted by deployment timing.
## Capital Returns Accelerate
CDW returned $892 million to shareholders year-to-date, 114% of adjusted free cash flow, exceeding 2026 target of 50%-75%.
## Q&A Highlights on AI Demand
Analysts questioned AI-driven demand durability, with CEO stating data explosion and cybersecurity risks ensure long-term strength.
## Lovelytics Acquisition Impact
Lovelytics acquisition expected to be accretive to gross margins, with professional services business contributing rich margins.
## Bottom Line: AI Infrastructure Cycle
CDW capitalizes on early infrastructure phase of enterprise AI adoption with confidence in demand cycle room to run.
## Key takeaway

CDW raised its full-year 2026 EPS outlook to low double-digit growth after AI infrastructure demand increased sales 18% year over year to $6.8 billion.