CDW Corporation

CDW’s demand is diversified across Corporate, Small Business and Public, plus UK/Canada, which smooths cycles. Recurring‑like elements (maintenance, managed services, SaaS, cloud marketplace) improve visibility, though product cycles and budget timing still introduce variability.

Q3 2025 net sales rose 4% year over year, and the company continues to target U.S. IT market outperformance by 200–300 bps. The 2025 Windows 10 end‑of‑support created a temporary boost in client devices that should fade, but services and security workloads should provide steadier growth.

Overall, we view mid‑single‑digit organic growth with modest volatility as a fair baseline.