Wesco Q2 revenue beats on data center sales

WESCO International

30/07/2026 11:14

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 

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(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.)