Wesco Q3 revenue tops estimates; raises 2026 outlook on strong demand

Overview

• US distribution and supply chain firm's Q3 revenue rose 17%, beating analyst expectations

• Adjusted EPS for Q3 rose 47%, beating analyst expectations

• Company backlog up ~80% yr/yr; raises 2026 outlook on strong demand

Outlook

• Wesco raises full-year 2026 outlook on record sales, profitability and backlog

• Company expects strong customer demand and continued investment in capital and infrastructure projects

Result Drivers

• DATA CENTER DEMAND - Co said surge in data center sales drove overall revenue growth, with sales up ~55% yr/yr

• BROAD PORTFOLIO DEMAND - Co said strong customer demand across non-data center segments contributed to sales growth

• BACKLOG GROWTH - Co attributed record backlog increase to multi-year customer commitments across several end markets

Company press release:

Key Details

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 $416.00, about 19.8% above its October 28 closing price of $347.22

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads

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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.)