Filing Flows › PC Connection (CNXN) › Q2 2026 › vs Q2 2025
PC Connection (CNXN) Q2 2026 vs Q2 2025 (year over year)
PC Connection's revenue rose $94.3M (+12%) from $760M in Q2 2025 to $854M in Q2 2026. The biggest changes: Notebooks/Mobility +$77.7M (+30%); Servers/Storage −$13.0M (-18%); Software +$10.3M (+15%). Gross margin 18.4% against 18.1% (+0.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 18.4% | 18.1% | +0.3 pts |
| Operating margin | 5.0% | 4.1% | +1.0 pts |
| Net margin | 3.9% | 3.3% | +0.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Notebooks/Mobility | $339M | $261M | $77.7M | +30% |
| Desktops | $96.6M | $103M | −$6.7M | -7% |
| Accessories | $86.8M | $78.7M | $8.2M | +10% |
| Software | $78.9M | $68.6M | $10.3M | +15% |
| Displays and Sound | $76.4M | $67.3M | $9.1M | +14% |
| Net/Com Products | $60.7M | $54.4M | $6.3M | +12% |
| Servers/Storage | $58.3M | $71.3M | −$13.0M | -18% |
| Other Hardware/Services | $57.4M | $54.9M | $2.5M | +5% |
| Revenue | $854M | $760M | $94.3M | +12% |
| Gross profit | $157M | $138M | $19.7M | +14% |
| Cost of revenue | $697M | $622M | $74.6M | +12% |
| Operating profit | $43.0M | $30.9M | $12.1M | +39% |
| Operating expenses | $114M | $107M | $7.6M | +7% |
| Pre-tax earnings | $45.5M | $34.1M | $11.4M | +33% |
| Net earnings | $33.2M | $24.8M | $8.4M | +34% |
| Income tax | $12.4M | $9.3M | $3.0M | +33% |
| Operating cash sources | $102M | $3.9M | $98.5M | 27× |
| Depreciation & amortization | $2.7M | $2.9M | −$130K | -5% |
| Share-based compensation | $2.7M | $2.5M | $192K | +8% |
| Cash used in operations | $63.8M | −$26.3M | $90.1M | — |
| Working capital & other | $102M | $3.9M | $98.5M | 27× |
Questions
How much did PC Connection's revenue grow year over year in Q2 2026?
PC Connection's revenue rose $94.3M (+12%) from $760M in Q2 2025 to $854M in Q2 2026.
What drove PC Connection's revenue change in Q2 2026?
Notebooks/Mobility +$77.7M (+30%); Servers/Storage −$13.0M (-18%); Software +$10.3M (+15%).