CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$7.23 bln

$6.86 bln (10 Analysts)

Q3 Adjusted EPS

Beat

$5.77

$4.69 (10 Analysts)

Q3 EPS

$5.43

Q3 Adjusted EBITDA

$561.50 mln

Q3 EBIT

$450.80 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 $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

  • Oct 28 - CH Robinson Q3 revenue beats on higher truckload pricing

  • Oct 28 - Fortive Corporation beats Q3 revenue on innovation investments, raises FY outlook

  • Oct 28 - UK's Healey offers faster grid access for key data centres in AI push


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.