Wesco Q1 profit beats estimates on data center sales; outlook raised

WESCO International

30/04/2026 11:11

Overview

US distribution and supply chain firm's Q1 revenue rose 14%, beating analyst expectations

Adjusted EPS for Q1 climbed 52.5%, beating analyst expectations

Company raised 2026 outlook after strong Q1 performance

Outlook

Wesco is raising its full-year 2026 outlook after an exceptional start to the year

Company says record backlog and positive business momentum support outlook

Wesco notes uncertainty in the macro-economic environment may present challenges

Result Drivers

DATA CENTER SALES - Data center sales rose about 70% YOY, now representing 24% of total sales

ORGANIC SALES GROWTH - Organic sales increased 12% YOY, reflecting volume growth in all segments and favorable pricing

MARGIN EXPANSION - Gross margin improved, driven by gains in the EES segment and operating cost leverage

Company press release: ID:nPn21XMFba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$6.08 bln
$5.87 bln (10 Analysts)
Q1 Adjusted EPS
Beat
$3.37
$2.78 (10 Analysts)
Q1 EPS
$3.11
Q1 Adjusted EBITDA
$388.80 mln
Q1 EBIT
$293.50 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 $331.50, about 8.6% above its April 29 closing price of $305.27

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

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.)