NEW YORK, May 24, 2026, 18:01 EDT
- CDW ended Friday at $110.82. The shares posted a five-day streak, up 8.57% for the week.
- U.S. stock trading is shut for the weekend, with markets also closed for Memorial Day on Monday. Nasdaq will open again on Tuesday.
- The question now is if demand for AI, hardware, and corporate IT spending can make up for margin pressure and supply chain risk.
CDW Corp. is coming off five straight days of gains as it starts the holiday-shortened week in the U.S. The IT products and services name closed at $110.82 on Friday, up 8.57% for the week. Even after the rebound, the shares are still down 18.63% on the year.
U.S. stocks are closed Sunday and will stay shut for Memorial Day on Monday, May 25, according to Nasdaq. That means investors won’t get to adjust positions until Tuesday, after the long weekend. CDW’s latest move comes with the tape already firmer heading into the break.
Stocks finished higher Friday. The S&P 500 climbed 0.4%, the Dow rose 0.6%, and the Nasdaq Composite was up 0.2%. U.S. markets wrapped their eighth week in a row of gains, Associated Press data reported by the Washington Post shows.
CDW’s chart shifted last week, but there was more. A filing showed CEO Christine Leahy picked up 4,830 shares in the open market on May 18, paying $103.395 each—about $499,000 in total. After the transaction, Leahy held 193,356.67 shares directly.
CDW said earlier in May it got board approval to add $1 billion to its share buyback program. A buyback allows a company to purchase its own stock, cutting down shares available on the market. The company said this new amount comes on top of about $484 million still unused as of March 31 and said it has no required minimum purchases.
Chief Financial Officer Albert Miralles called buybacks “an important component” of CDW’s capital allocation plans, along with dividends, M&A, and balance sheet moves. CDW has given back about $8.4 billion to stockholders since its June 2013 IPO, Miralles said. Stock Titan
The earnings story also plays a part. CDW posted Q1 net sales of $5.68 billion, rising 9.2% year-on-year on stronger demand for data storage, servers, networking products, software and notebooks or mobile gadgets. Gross profit margin slipped to 21.0% from 21.6%.
Leahy said in the earnings release that customers have started shifting from “AI exploration” to “real, production environments,” and want partners who can handle integration, governance and product life-cycle work. For investors, the main question for CDW is whether it can convert AI-linked hardware and services demand into better profit, rather than just more sales. CDW Investor Relations
CDW shares outperformed Friday, beating Accenture’s 0.77% gain, but the broader competitive picture is mixed. Some enterprise tech stocks got a boost from higher AI and hardware demand. Investors are watching Dell and HP earnings next week for more on servers, PCs and enterprise tech budgets, which factor into CDW’s sales story.
CDW is in focus this week for its cash return to shareholders. The company set a quarterly cash dividend at $0.630 per share, with payment slated for June 10. Investors need to be on record by the end of May 25 to get it. The dividend is a payout to shareholders from the company’s own funds.
The risk is that last week’s bounce could exaggerate the improvement. In its filing, CDW says its operating results can change with swings in demand for hardware, software and services, pricing pressure, higher product costs or gross-margin misses. The company also pointed out tighter supply of high-performance memory and storage connected to AI demand, warning this could lead to longer lead times and higher prices.
Markets face a shorter week with Memorial Day, but there’s still plenty on the calendar. Investors are set to track U.S. inflation figures like the personal consumption expenditures price index. There’s also earnings from HP, Salesforce, Marvell, Dell and Costco, all watched for clues on corporate tech demand. For CDW, Tuesday’s open will test if the May rebound can really continue, not just if Friday’s bounce sticks.
