Filing Flows › PC Connection (CNXN) › How it makes money
How PC Connection (CNXN) makes money
PC Connection (CNXN) made $874M of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Notebooks/Mobility brought in $283M (32%); Desktops brought in $121M (14%); Software brought in $117M (13%). Of every dollar of revenue, 19¢ was left as gross profit, 5¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Notebooks/Mobility | $283M | 32.3% | -17% | +18% |
| Desktops | $121M | 13.8% | +25% | +51% |
| Software | $117M | 13.4% | +49% | +23% |
| Accessories | $86.0M | 9.8% | -1% | +4% |
| Servers/Storage | $74.4M | 8.5% | +28% | +45% |
| Displays and Sound | $67.4M | 7.7% | -12% | +7% |
| Net/Com Products | $67.0M | 7.7% | +10% | +43% |
| Other Hardware/Services | $58.6M | 6.7% | +2% | +13% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $874M | 100.0% |
| Cost of revenue | $712M | 81.5% |
| Gross profit | $162M | 18.5% |
| Operating expenses | $121M | 13.8% |
| Operating profit | $41.0M | 4.7% |
| Income tax | $12.0M | 1.4% |
| Net earnings | $31.5M | 3.6% |
| Operating cash flow | $9.7M | 1.1% |
| Free cash flow | $7.6M | 0.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $874M | +23% |
| Q2 2026 | $854M | +12% |
| Q1 2026 | $722M | +3% |
| Q4 2025 | $703M | -0.8% |
| Q3 2025 | $709M | -2% |
| Q2 2025 | $760M | +3% |
| Q1 2025 | $701M | +11% |
From PC Connection's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does PC Connection make money?
PC Connection (CNXN) made $874M of revenue in the third quarter 2026 (Q3 2026), +23% from a year earlier. Notebooks/Mobility brought in $283M (32%); Desktops brought in $121M (14%); Software brought in $117M (13%). Of every dollar of revenue, 19¢ was left as gross profit, 5¢ was left as operating profit, 4¢ was left as net earnings.
What is PC Connection's biggest business?
Notebooks/Mobility: $283M in the third quarter 2026, 32% of revenue, +18% from a year earlier.
What is PC Connection's profit margin?
Net earnings were $31.5M, 3.6% of revenue, in the third quarter 2026; the operating margin was 4.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.