CDWNasdaqRetail-Catalog & Mail-Order Houses

CDW Corp (CDW) earnings date, market-implied expected move, and options open interest by expiry

148.24

−2.35 · −1.56%

post 148.21 −0.01%

Closed16:00 ET

Open150.59Volume2.3MMkt cap$18.7BP/E17.75EPS8.35Div yield1.68%

Day147.08 – 153.5018%52-wk96.09 – 166.1574%

CDW

CDW Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±9.0%implied · report alone

8Q avg ±8.7%·×1.04·fair

136.33163.21

straddle ±11.0%

spot 149.77exp Nov 20ATM strike 150ATM straddle 19.35IV 75%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

before open · in 1 day

confirmedQ3 FY26

Calendar

Next report

Last report

−9.03%

vs ±9.6% implied · ×0.94

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

53dNTGR · supplierNetgear’s (NTGR) Enterprise Boom Cannot Erase Consumer Weakness

News

Largest filed tie

13F top-10 QoQ

+8.65%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

754 managers

Top fund weight

0.22%

CDW weight · RSP

N-PORTJul 31 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

CDW (CDW) reports on Nov 4 before open (confirmed date). Implied ±9.0%, either direction. 5 of the last 8 reports moved at least as far as the implied move.

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±6.9%
avg realized: ±8.7%

Oct 30 '24Oct 30 '24confirmed±6.3%▼−11.30%×1.78

Feb 5 '25Feb 5 '25confirmed±6.8%▲+3.41%×0.50

May 7 '25May 7 '25confirmed±6.2%▲+7.07%×1.14

Aug 6 '25Aug 6 '25confirmed±6.3%▲+0.16%×0.03

Nov 4 '25Nov 4 '25confirmed±6.6%▼−8.51%×1.28

Feb 4 '26Feb 4 '26confirmed±7.7%▲+9.45%×1.23

Q1 FY26May 6 '26confirmed±5.9%▼−20.32%×3.44

Q2 FY26Aug 5 '26confirmed±9.6%▼−9.03%×0.94

quarterimplied−25%0+25%realized×

Q2 FY26±9.6%▼−9.03%×0.94

Q1 FY26±5.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 3 close

0.60OI · 3 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2,293+11%

Positioning

Linked exposure

scenario · straddle±11.0%

Funds 4

RSP±0.0%

Linked exposure

Revenue flow

as filedQ2 FY26

4.18%as filednet margin · revenue +15.71% QoQ · +9.97% YoY

Revenue

$6.6B+15.71% QoQ

Gross profit

$1.3B+10.91% QoQ

20.08% margin

Operating income

$429M+13.99% QoQ

6.52% margin

Pre-tax income

$373M+16.90% QoQ

Net income

$274M+16.57% QoQ

4.18% margin

Cost of revenue

$5.3B+16.99% QoQ

Operating expenses

$891M+9.48% QoQ

Other expense

$56M

Tax

$99M+17.82% QoQ

Revenue$6.6B+15.71%

Gross profit

$1.3B+10.91%

20.08% margin

Operating income

$429M+13.99%

6.52% margin

Pre-tax income

$373M+16.90%

Net income

$274M+16.57%

4.18% margin

Cost of revenue

$5.3B+16.99%

Operating expenses

$891M+9.48%

Other expense

$56M

Tax$99M+17.82%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.87· ±2.7% vs ±1.5% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.7%2 of 10×1.87

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	2.15	—
Q1 FY26	May 6 '26 · confirmed	1.82	—

CDW Corp (CDW) earnings date, market-implied expected move, and options open interest by expiry

Implied vs realized

Implied vs realized

Positioning

Positioning

Linked exposure

Linked exposure

Revenue flow

Revenue flow

Intraday

Intraday

Event sensitivity

Revenue flow

Implied vs realized

Positioning

Linked exposure

Event sensitivity

Earnings history

Methodology

Intraday

CDW Corp (CDW) earnings date, market-implied expected move, and options open interest by expiry