Filing Flows › PC Connection (CNXN) › Q2 2026
PC Connection (CNXN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
PC Connection (CNXN) reported revenue of $854M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +18% from the quarter before. Operating margin was 5.0%, net earnings $33.2M (3.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $854M | +18% | +12% |
| Gross profit | $157M | +19% | +14% |
| Operating profit | $43.0M | +113% | +39% |
| Net earnings | $33.2M | +93% | +34% |
| Operating cash flow | −$63.8M | -547% | -343% |
What changed
Revenue was $854.0M in Q2 2026, up 12% year over year and up 18% from the previous quarter. Notebooks/Mobility was the largest line at 40% of revenue. Notebooks/Mobility added $77.7M year over year (up 30%), 82% of the total change. Servers/Storage declined 18%.
Gross margin was 18.4%, up 0.3 points from Q2 2025. Operating profit was $43.0M, a 5.0% margin (up 1.0 points year over year). Of the extra revenue versus Q2 2025, 13% reached operating profit, above the 4% margin then. Operating expenses grew 7% against revenue growth of 12%. Net earnings were $33.2M, up 34% year over year. The effective tax rate was 27.2%.
Operating cash flow was −$63.8M. Non-cash charges added back $2.7M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $102.4M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$65.7M.
Questions
What was PC Connection's revenue in the second quarter 2026?
PC Connection (CNXN) reported revenue of $854M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +18% from the quarter before.
Was PC Connection profitable in the second quarter 2026?
Operating profit was $43.0M (5.0% of revenue) and net earnings $33.2M.
Source: PC Connection 10-Q on SEC EDGAR.