Q1 2026 PC Connection Inc Earnings Call Transcript

Apr 29, 2026 / 08:30 PM GMT

Release Date Price: €54

Transcript 10-Q8-K

Key Points

Positve

PC Connection Inc (CNXN) reported a 4.3% year-over-year increase in gross profit, reaching $132.7 million.
Net sales increased by 3% year-over-year to $721.9 million, driven by growth in endpoint devices, networking, services, and software.
Enterprise Solutions segment saw a 16.3% increase in net sales, with gross profit growing by 18.7%.
The company maintained strong liquidity with $411.4 million in cash equivalents and short-term investments.
PC Connection Inc (CNXN) was recognized as a 2026 Dell Technologies Titanium Black Partner and America's Rising Star Partner of the Year for 2025 for VMware by Broadcom.

Negative

Public Sector Solutions experienced a 31% decline in net sales year-over-year due to a large non-recurring federal contract.
Gross margin for the Business Solutions segment declined by 80 basis points year-over-year to 24.5%.
The company faced industry-wide memory constraints and related price increases, impacting supply chain dynamics.
SG&A expenses included a $3.1 million severance charge due to restructuring efforts.
There is uncertainty regarding the duration of the memory shortage, with some predicting it could persist through 2026 or beyond.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CNXN.OQ - PC Connection Inc
Q1 2026 PC Connection Inc Earnings Call
Apr 29, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, and welcome to the first quarter 2026 Connexion Earnings Conference Call. My name is Josh, and I will be the coordinator for today. At this time, all participants are in a listen-only mode. Following the prepared remarks, there will be a question-and-answer session. As a reminder, this conference call is the property of Connexion and may not be recorded or rebroadcast without specific permission from the company. On the call today are Tim McGrath, President and Chief Executive Officer, and Tom Baker.

Senior Vice President and Chief Financial Officer. I will now turn the call over to the company.

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Unidentified_2 [2]
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