Filing Flows › PC Connection (CNXN) › Q1 2026
PC Connection (CNXN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
PC Connection (CNXN) reported revenue of $722M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was 2.8%, net earnings $17.2M (2.4% of revenue).
PC Connection, Q1 2026: revenue $722M (+3% year over year), operating margin 2.8%, net earnings $17.2M, operating cash flow $14.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $722M | +3% | +3% |
| Gross profit | $133M | -2% | +4% |
| Operating profit | $20.2M | -14% | +39% |
| Net earnings | $17.2M | -17% | +28% |
| Operating cash flow | $14.3M | -48% | — |
| Free cash flow | $12.3M | -51% | — |
What changed
Revenue was $721.9M in Q1 2026, up 3% year over year and up 3% from the previous quarter. Notebooks/Mobility was the largest line at 37% of revenue. Other Hardware/Services added $8.0M year over year (up 16%), 38% of the total change. Servers/Storage declined 10%.
Gross margin was 18.4%, up 0.2 points from Q1 2025. Operating profit was $20.2M, a 2.8% margin (up 0.7 points year over year). Of the extra revenue versus Q1 2025, 27% reached operating profit, above the 2% margin then. Operating expenses fell 0% while revenue rose 3%. Net earnings were $17.2M, up 28% year over year. The effective tax rate was 27.0%.
Operating cash flow was $14.3M, 83% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $8.4M. Capital expenditures of $2.0M left free cash flow of $12.3M.
Questions
What was PC Connection's revenue in the first quarter 2026?
PC Connection (CNXN) reported revenue of $722M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before.
Was PC Connection profitable in the first quarter 2026?
Operating profit was $20.2M (2.8% of revenue) and net earnings $17.2M.
Source: PC Connection 10-Q on SEC EDGAR.