PC Connection Inc. (CNXN) Releases Q1 2026 Earnings: Revenue and EPS Beat; Operating Cash Flow Weakens

By: Quiver EarningsTracker

Posted: 1 week, 3 days ago / April 29, 2026 8:42 p.m. UTC

CNXN

PC Connection Inc. ($CNXN) reported first-quarter fiscal 2026 results with revenue of $721.9 million, up 3.0% year-over-year and above the consensus estimate of $710.0 million.

Key results:

Revenue: $721.9 million (up 3.0% year‑over‑year).

Gross profit: $132.7 million (up 4.3% year‑over‑year).

Operating profit: $20.2 million (up 39.3% year‑over‑year).

Net income attributable to common shareholders: $17.2 million (up 27.8% year‑over‑year).

Diluted EPS: $0.68 (up 33.3% year‑over‑year), above the estimate of $0.62.

Income statement detail:

Cost of sales: $589.1 million, supporting the modest gross margin expansion.

Balance sheet and cash flow highlights:

Cash and cash equivalents: $196.3 million (up 7.6% year‑over‑year).

Cash from operating activities: $14.3 million (down 127.2% year‑over‑year).

Purchases of property, plant and equipment: $2.0 million (capital spending up 16.0% year‑over‑year).

Total liabilities: $503.3 million (up 35.8% year‑over‑year).

Overall, PC Connection Inc. ($CNXN) delivered revenue and EPS beats with expanding operating profit and net income, while operating cash flow weakened sharply and liabilities increased materially.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

PC Connection Inc. Hedge Fund Activity

We have seen 75 institutional investors add shares of PC Connection Inc. stock to their portfolio, and 113 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 64,425 shares (-79.2%) from their portfolio in Q4 2025, for an estimated $3,721,188
UBS GROUP AG added 58,831 shares (+189.9%) to their portfolio in Q4 2025, for an estimated $3,398,078
AQR CAPITAL MANAGEMENT LLC removed 56,562 shares (-33.3%) from their portfolio in Q4 2025, for an estimated $3,267,021
MILLENNIUM MANAGEMENT LLC removed 54,143 shares (-27.0%) from their portfolio in Q4 2025, for an estimated $3,127,299
TWO SIGMA INVESTMENTS, LP added 52,643 shares (+97.0%) to their portfolio in Q4 2025, for an estimated $3,040,659
TWO SIGMA ADVISERS, LP added 50,500 shares (+248.8%) to their portfolio in Q4 2025, for an estimated $2,916,880
AMERICAN CENTURY COMPANIES INC removed 46,692 shares (-19.3%) from their portfolio in Q4 2025, for an estimated $2,696,929

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.