Filing Flows › PC Connection (CNXN) › Q3 2026 › vs Q3 2025
PC Connection (CNXN) Q3 2026 vs Q3 2025 (year over year)
PC Connection's revenue rose $165M (+23%) from $709M in Q3 2025 to $874M in Q3 2026. The biggest changes: Notebooks/Mobility +$44.0M (+18%); Desktops +$40.8M (+51%); Servers/Storage +$23.1M (+45%). Gross margin 18.5% against 19.6% (-1.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 18.5% | 19.6% | -1.0 pts |
| Operating margin | 4.7% | 4.3% | +0.4 pts |
| Net margin | 3.6% | 3.5% | +0.1 pts |
| Free cash flow margin | 0.9% | 8.8% | -7.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Notebooks/Mobility | $283M | $239M | $44.0M | +18% |
| Desktops | $121M | $80.2M | $40.8M | +51% |
| Software | $117M | $95.1M | $22.1M | +23% |
| Accessories | $86.0M | $82.4M | $3.6M | +4% |
| Servers/Storage | $74.4M | $51.3M | $23.1M | +45% |
| Displays and Sound | $67.4M | $62.8M | $4.6M | +7% |
| Net/Com Products | $67.0M | $46.8M | $20.2M | +43% |
| Other Hardware/Services | $58.6M | $51.7M | $6.9M | +13% |
| Revenue | $874M | $709M | $165M | +23% |
| Gross profit | $162M | $139M | $23.2M | +17% |
| Cost of revenue | $712M | $570M | $142M | +25% |
| Operating profit | $41.0M | $30.3M | $10.7M | +35% |
| Operating expenses | $121M | $108M | $12.5M | +12% |
| Pre-tax earnings | $43.4M | $34.0M | $9.5M | +28% |
| Net earnings | $31.5M | $24.7M | $6.7M | +27% |
| Income tax | $12.0M | $9.2M | $2.8M | +30% |
| Depreciation & amortization | $2.6M | $2.9M | −$248K | -9% |
| Share-based compensation | $2.7M | $2.4M | $225K | +9% |
| Working capital & other | $27.0M | −$34.1M | $61.1M | — |
| Operating cash flow | $9.7M | $64.1M | −$54.4M | -85% |
| Free cash flow (OCF − capex) | $7.6M | $62.3M | −$54.6M | -88% |
| Capital expenditures | $2.1M | $1.9M | $206K | +11% |
Questions
How much did PC Connection's revenue grow year over year in Q3 2026?
PC Connection's revenue rose $165M (+23%) from $709M in Q3 2025 to $874M in Q3 2026.
What drove PC Connection's revenue change in Q3 2026?
Notebooks/Mobility +$44.0M (+18%); Desktops +$40.8M (+51%); Servers/Storage +$23.1M (+45%).