CDW Sees AI-Driven Growth as Mid-Market IT Demand Rises

CDW Inc., a leading provider of IT solutions, outlined a positive outlook at Citi’s 2026 Global Technology, Media and Telecommunications (TMT) Conference, emphasizing the transformative impact of artificial intelligence on its business. The company reported revenue of $23.5 billion in the second quarter of 2026, marking a 7.4% year-over-year increase, though gross margins dipped slightly to around 21% amid shifts toward enterprise hardware. Management attributed this to a heavier mix of infrastructure sales, while anticipating margin recovery as services, cloud, and software-as-a-service (SaaS) revenues expand. CDW’s market capitalization stood at $18.1 billion with a trailing P/E ratio of 17.45, and its shares traded at 152.38 in pre-market, down 1.00%, though after-hours trading saw a 1.68% rise to 154.94.