The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how it distribution & solutions stocks fared in Q2, starting with Connection (NASDAQ: CNXN).
IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement.
The 8 it distribution & solutions stocks we track reported a stunning Q2. As a group, revenues beat analysts’ consensus estimates by 9.5% while next quarter’s revenue guidance was 11.5% above.
In light of this news, share prices of the companies have held steady as they are up 2.7% on average since the latest earnings results.
Connection (NASDAQ: CNXN)
Starting as a small computer products seller in 1982 and evolving into a Fortune 1000 company, Connection (NASDAQ: CNXN) is a technology solutions provider that helps businesses and government agencies design, purchase, implement, and manage their IT infrastructure and systems.
Connection reported revenues of $854 million, up 12.4% year on year. This print exceeded analysts’ expectations by 11.3%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS estimates.
"Our record financial performance reflects more than strong execution—it reflects the value that our customers are placing on their enterprise technology," said Timothy McGrath, President and Chief Executive Officer.
Interestingly, the stock is up 10.6% since reporting and currently trades at $91.73.
Is now the time to buy Connection? Access our full analysis of the earnings results here, it’s free.
Avnet (NASDAQ: AVT)
With a century-long history of adapting to technological evolution, Avnet (NASDAQ: AVT) is a global electronic components distributor that connects manufacturers of semiconductors and other electronic parts with businesses that need these components.
Avnet reported revenues of $8.30 billion, up 47.7% year on year, outperforming analysts’ expectations by 10.5%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.
Avnet pulled off the highest guidance raise and fastest revenue growth in the group. The market seems happy with the results as the stock is up 11.7% since reporting. It currently trades at $103.35.
Is now the time to buy Avnet? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: CDW (NASDAQ: CDW)
Serving as a crucial bridge between technology manufacturers and end users since 1984, CDW (NASDAQ: CDW) is a multi-brand provider of information technology solutions that helps businesses and public sector organizations select, implement, and manage hardware, software, and IT services.
CDW reported revenues of $6.57 billion, up 10% year on year, exceeding analysts’ expectations by 5.2%. It may have had the worst quarter among its peers, but its results were still good as it also locked in a beat of analysts’ EPS estimates.
As expected, the stock is down 11.1% since the results and currently trades at $136.95.
Read our full analysis of CDW’s results here.
Insight Enterprises (NASDAQ: NSIT)
With over 35 years of IT expertise and partnerships with more than 8,000 technology providers, Insight Enterprises (NASDAQ: NSIT) provides end-to-end digital transformation solutions that help businesses modernize their IT infrastructure and maximize the value of technology.
Insight Enterprises reported revenues of $2.40 billion, up 14.7% year on year. This result beat analysts’ expectations by 10.5%. Overall, it was an incredible quarter as it also produced a beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
The stock is up 13.6% since reporting and currently trades at $159.42.
Read our full, actionable report on Insight Enterprises here, it’s free.
Ingram Micro (NYSE: INGM)
Operating as the crucial link in the global technology supply chain with a presence in 57 countries, Ingram Micro (NYSE: INGM) is a global technology distributor that connects manufacturers with resellers, providing hardware, software, cloud services, and logistics expertise.
Ingram Micro reported revenues of $14.53 billion, up 13.6% year on year. This number topped analysts’ expectations by 4.8%. It was a stunning quarter as it also put up revenue guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.
Ingram Micro had the weakest guidance update among its peers. The stock is down 9% since reporting and currently trades at $27.67.
Read our full, actionable report on Ingram Micro here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
