Wesco Q2 revenue beats on data center sales
Reuters2026/07/30 10:14
Overview
US distribution and supply chain firm's Q2 revenue rose 13%, beating analyst expectations
Adjusted diluted EPS for Q2 climbed 35%, beating analyst expectations
Company raised 2026 outlook after strong first half and accelerating momentum
Outlook
Wesco is significantly raising its full-year 2026 outlook
Company cites record backlog and multi-year customer commitments as drivers of positive outlook
Wesco expects continued strong demand in data centers and infrastructure projects
Result Drivers
DATA CENTER SALES - Data center sales rose about 45% year-on-year, fueling overall sales growth
BROAD-BASED VOLUME GROWTH - Volume growth in all three segments (CSS, EES, UBS) contributed to higher organic sales
RECORD BACKLOG - Company backlog increased about 60% year-on-year, supported by multi-year customer commitments and infrastructure demand
Company press release: ID:nPn1Th081a
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Revenue |
Beat |
$6.67 bln |
$6.44 bln (10 Analysts) |
Q2 Adjusted EPS |
Beat |
$4.57 |
$3.97 (10 Analysts) |
Q2 EPS |
|
$4.23 |
|
Q2 Adjusted EBITDA |
|
$487.20 mln |
|
Q2 EBIT |
|
$382.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components equipment peer group is "buy"
Wall Street's median 12-month price target for Wesco International Inc is $400.00, about 29.3% above its July 29 closing price of $309.36
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
July 27 - France's Rexel H1 sales rise, EBITA margin improves on volume and price gains
July 28 - Electrical equipment maker Hubbell lifts profit forecast amid demand from data centers
July 29 - Modine Q1 revenue rises on data centers, commercial HVAC strength
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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