WESCO International (WCC) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 net sales of $6.7 billion, up 13% year-over-year, with organic sales growth of 12.6% and strong growth across all business units.

• Adjusted EBITDA reached $487.2 million, up 24% year-over-year, with margin expanding 60 bps to 7.3%.

• Adjusted EPS set a new high at $4.57, up 35% year-over-year, driven by sales growth and margin expansion.

• Backlog increased ~60% year-over-year, reflecting robust demand, especially in data center and Grid Services.

• Raised full-year 2026 outlook for sales, adjusted EBITDA, and adjusted EPS based on exceptional Q2 performance and accelerating business momentum.

Financial highlights

• Q2 net sales: $6,665.1M (+13% YoY); six months: $12,745.2M (+13.4% YoY).

• Adjusted EBITDA margin expanded to 7.3%, up 60 bps year-over-year.

• Adjusted EPS: $4.57 (Q2 2026) vs. $3.39 (Q2 2025); net income attributable to common stockholders: $209.0M.

• Free cash flow for Q2: $32.3M; six months: $245.7M.

• Gross margin for Q2: 21.8% (+70 bps YoY); cost of goods sold as a percentage of net sales decreased to 78.2%.

Outlook and guidance

• Full-year 2026 sales outlook raised to $25.9–$26.3B, with reported sales growth of 10–12%.

• Adjusted EBITDA margin expected at 6.9–7.1%; adjusted EPS guidance increased to $16.00–$17.50.

• Free cash flow guidance for 2026 set at $300–$600M, reflecting higher working capital needs.

• Data center sales expected to grow over 30% for the year.

• Q3 2026 preliminary sales per workday up high-teens; adjusted EBITDA margin expected slightly lower sequentially.