---
title: "CDW 公布了强劲的人工智能驱动收入，但面临利润率的压力"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/286235819.md"
description: "CDW 在第一季度报告了 92 亿美元的收入，同比增长 9.2%，超出分析师预期 3.8%，主要受人工智能和基础设施需求的推动。然而，由于向硬件销售的转变以及影响高利润服务的供应链问题，运营利润率保持在 6.6% 的水平。分析师在财报电话会议中寻求对人工智能交易盈利能力和金融服务增长可持续性的见解"
datetime: "2026-05-13T09:53:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286235819.md)
  - [en](https://longbridge.com/en/news/286235819.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286235819.md)
---

# CDW 公布了强劲的人工智能驱动收入，但面临利润率的压力

Revenue beats forecasts: CDW’s Q1 revenue rose 9.2% year over year to $5.68 billion, surpassing analyst estimates by 3.8% on AI and infrastructure demand. Margins under pressure: A shift toward hardware sales and supply chain challenges limited higher-margin services growth, keeping operating margin flat at 6.6%. Analysts seek clarity: Earnings call questions focused on AI deal profitability, hardware growth drivers, and the durability of financial services momentum.

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