Filing Flows › PC Connection (CNXN) › Q2 2026 › vs Q1 2026
PC Connection (CNXN) Q2 2026 vs Q1 2026 (quarter over quarter)
PC Connection's revenue rose $132M (+18%) from $722M in Q1 2026 to $854M in Q2 2026. The biggest changes: Notebooks/Mobility +$73.9M (+28%); Displays and Sound +$19.0M (+33%); Servers/Storage +$13.2M (+29%). Gross margin 18.4% against 18.4% (+0.1 pts).
PC Connection, Q2 2026: revenue $854M (+12% year over year), operating margin 5.0%, net earnings $33.2M, operating cash flow −$63.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 18.4% | 18.4% | +0.1 pts |
| Operating margin | 5.0% | 2.8% | +2.2 pts |
| Net margin | 3.9% | 2.4% | +1.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Notebooks/Mobility | $339M | $265M | $73.9M | +28% |
| Desktops | $96.6M | $87.1M | $9.5M | +11% |
| Accessories | $86.8M | $80.1M | $6.7M | +8% |
| Software | $78.9M | $78.5M | $444K | +0.6% |
| Displays and Sound | $76.4M | $57.5M | $19.0M | +33% |
| Net/Com Products | $60.7M | $50.0M | $10.7M | +21% |
| Servers/Storage | $58.3M | $45.1M | $13.2M | +29% |
| Other Hardware/Services | $57.4M | $58.7M | −$1.3M | -2% |
| Revenue | $854M | $722M | $132M | +18% |
| Gross profit | $157M | $133M | $24.7M | +19% |
| Cost of revenue | $697M | $589M | $107M | +18% |
| Operating profit | $43.0M | $20.2M | $22.8M | +113% |
| Operating expenses | $114M | $113M | $1.9M | +2% |
| Pre-tax earnings | $45.5M | $23.6M | $21.9M | +93% |
| Net earnings | $33.2M | $17.2M | $15.9M | +93% |
| Income tax | $12.4M | $6.4M | $6.0M | +94% |
| Operating cash sources | $102M | $8.4M | $94.0M | 12× |
| Depreciation & amortization | $2.7M | $2.8M | −$61K | -2% |
| Share-based compensation | $2.7M | $2.6M | $14K | +0.5% |
| Cash used in operations | $63.8M | −$14.3M | $78.1M | — |
| Working capital & other | $102M | $8.4M | $94.0M | 12× |
Questions
How much did PC Connection's revenue grow quarter over quarter in Q2 2026?
PC Connection's revenue rose $132M (+18%) from $722M in Q1 2026 to $854M in Q2 2026.
What drove PC Connection's revenue change in Q2 2026?
Notebooks/Mobility +$73.9M (+28%); Displays and Sound +$19.0M (+33%); Servers/Storage +$13.2M (+29%).