Filing Flows › PC Connection (CNXN) › Q3 2026 › vs Q2 2026
PC Connection (CNXN) Q3 2026 vs Q2 2026 (quarter over quarter)
PC Connection's revenue rose $20.3M (+2%) from $854M in Q2 2026 to $874M in Q3 2026. The biggest changes: Notebooks/Mobility −$56.1M (-17%); Software +$38.3M (+49%); Desktops +$24.4M (+25%). Gross margin 18.5% against 18.4% (+0.1 pts).
PC Connection, Q3 2026: revenue $874M (+23% year over year), operating margin 4.7%, net earnings $31.5M, operating cash flow $9.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 18.5% | 18.4% | +0.1 pts |
| Operating margin | 4.7% | 5.0% | -0.3 pts |
| Net margin | 3.6% | 3.9% | -0.3 pts |
| Free cash flow margin | 0.9% | -7.7% | +8.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Notebooks/Mobility | $283M | $339M | −$56.1M | -17% |
| Desktops | $121M | $96.6M | $24.4M | +25% |
| Software | $117M | $78.9M | $38.3M | +49% |
| Accessories | $86.0M | $86.8M | −$853K | -1% |
| Servers/Storage | $74.4M | $58.3M | $16.1M | +28% |
| Displays and Sound | $67.4M | $76.4M | −$9.0M | -12% |
| Net/Com Products | $67.0M | $60.7M | $6.3M | +10% |
| Other Hardware/Services | $58.6M | $57.4M | $1.1M | +2% |
| Revenue | $874M | $854M | $20.3M | +2% |
| Gross profit | $162M | $157M | $4.4M | +3% |
| Cost of revenue | $712M | $697M | $15.9M | +2% |
| Operating profit | $41.0M | $43.0M | −$2.0M | -5% |
| Operating expenses | $121M | $114M | $6.4M | +6% |
| Pre-tax earnings | $43.4M | $45.5M | −$2.1M | -5% |
| Net earnings | $31.5M | $33.2M | −$1.7M | -5% |
| Income tax | $12.0M | $12.4M | −$380K | -3% |
| Depreciation & amortization | $2.6M | $2.7M | −$96K | -4% |
| Share-based compensation | $2.7M | $2.7M | $5K | +0.2% |
| Working capital & other | $27.0M | $102M | −$75.3M | -74% |
| Operating cash flow | $9.7M | −$63.8M | $73.5M | — |
| Free cash flow (OCF − capex) | $7.6M | −$65.7M | $73.4M | — |
| Capital expenditures | $2.1M | $1.9M | $145K | +8% |
Questions
How much did PC Connection's revenue grow quarter over quarter in Q3 2026?
PC Connection's revenue rose $20.3M (+2%) from $854M in Q2 2026 to $874M in Q3 2026.
What drove PC Connection's revenue change in Q3 2026?
Notebooks/Mobility −$56.1M (-17%); Software +$38.3M (+49%); Desktops +$24.4M (+25%).