WESCO International (WCC) Q1 2026 earnings summary

Executive summary

• Achieved record first-quarter sales of $6.1B, up 14% year-over-year, with organic growth of 12% and strong data center demand driving results.

• Data center sales surged ~70% year-over-year to $1.4B, now 24% of total sales.

• Backlog grew 22% year-over-year, led by record levels in CSS and EES segments and effective cross-selling.

• Adjusted EBITDA margin rose to 6.4%, up 60 bps; adjusted EPS increased 52% to $3.37.

• Raised full-year 2026 outlook for sales, EBITDA, and EPS, reflecting strong start and momentum.

Financial highlights

• Net sales: $6,080.1M, up 13.8% year-over-year; organic sales up 12%, with estimated price benefit of ~3%.

• Gross margin improved to 21.2%, up ~20 bps year-over-year.

• Adjusted EBITDA: $388.8M, up 25.1% year-over-year; margin expanded to 6.4%, up 60 bps.

• Adjusted net income attributable to common stockholders was $166.8M, up from $109.6M in Q1 2025.

• Free cash flow reached $213M, representing 128% of adjusted net income.

Outlook and guidance

• Full-year 2026 reported sales outlook raised to $24.9–$25.6B, with organic growth of 5–8%.

• Adjusted EBITDA margin expected at 6.6–7.0%; adjusted EPS guidance increased to $15.00–$17.00.

• Free cash flow projected at $500–$800M for 2026.

• Second quarter 2026 preliminary sales per workday up ~10% in April.

• Data center sales outlook raised, now expected to be up 20%+ for the year.