PC Connection, Inc. (CNXN) Stock Price & Analysis

PC Connection, Inc. (CNXN) closed at USD 85.62 on Thursday, October 29, 2026, down 1.02% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 86.5; the Oct 29, 2026 session ranged USD 83.52–91.09 on volume of 318,418 shares. Market capitalization is $2.16B, with a 52-week range of USD 54.97–96.91 (NMS). Source: Nexqual, retrieved October 29, 2026 at 22:22 UTC.

Also available as compact Markdown for AI agents: nexqual.com/CNXN.md

Latest Earnings Results (CNXN)

PC Connection, Inc. (CNXN) reported Q3 2026 results on Oct 28, 2026, 4:05:39 PM ET: adjusted EPS $1.24 vs. estimate $1.04 (beat), revenue $874.31M vs. estimate $773.74M (beat). Source: SEC 8-K filing. Nexqual published it 56 seconds after release. Read the SEC filing. Full report with estimates: nexqual.com/earnings/2026-10-28/CNXN.

Fiscal periodEPS (reported)RevenueReleasedSource
Q3 2026$1.24 (adjusted (non-GAAP) diluted)$874.3MOct 28, 2026, 4:05:39 PM ET · on Nexqual +56 secondsSEC 8-K filing

Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.

Key facts (CNXN)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CNXN)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$2.89B$3.12B$2.85B$2.80B$2.87B$3.15B
Gross profit$465M$526M$512M$520M$539M—
Operating income$96.5M$121M$103M$97.1M$99.3M$128M
Net income$69.9M$89.2M$83.3M$87.1M$83.7M$103M
EPS (diluted)$2.65$3.37$3.15$3.29$3.27—
Free cash flow——$188M$166M$58.0M-$20.6M
Gross margin16.1%16.8%18.0%18.6%18.8%—
Operating margin3.3%3.9%3.6%3.5%3.5%4.1%
Net margin2.4%2.9%2.9%3.1%2.9%3.3%
Revenue growth+11.7%+8.0%-8.8%-1.7%+2.5%—
Cash + short-term investments$108M$123M$297M$443M$407M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Sep 30, 2026) (CNXN)

P/E 21.1x · P/S 0.7x · P/B 2.2x · FCF yield -0.95% · Earnings yield 4.75% · Dividend yield (paid, TTM) 0.88% · Buyback yield (TTM) 0.61%

P/E at fiscal year-ends: Dec 2025 17.7x, Dec 2024 21.1x, Dec 2023 21.3x.

Insider sales (SEC Form 4, open-market, last ~7 months) (CNXN)

10 of 14 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-20…2026-10-21Gallup PatriciaChairman & Chief Admin Officer15,196$1.3M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-10-05…2026-10-06Gallup PatriciaChairman & Chief Admin Officer13,372$1.2M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-09-14…2026-09-15Gallup PatriciaChairman & Chief Admin Officer14,284$1.2M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-09-01…2026-09-02Gallup PatriciaChairman & Chief Admin Officer14,284$1.1M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-08-17…2026-08-18Gallup PatriciaChairman & Chief Admin Officer14,284$1.1M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-08-14Beffa Negrini DavidDirector5,000$405K7.6%NoToo little history (no open-market trades in 2025)
2026-08-04…2026-08-05Gallup PatriciaChairman & Chief Admin Officer14,284$1.2M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-08-03…2026-08-04McGrath Timothy JPresident & CEO50,000$4.3M17.2%NoOpportunistic (traded every year 2023–2025, no repeating month)
2026-07-31Baker Thomas CSr. VP, CFO & Treasurer20,000$1.7M35.7%NoToo little history (no open-market trades in 2024 or 2025)
2026-07-31Duckett BarbaraDirector2,000$168K11%NoToo little history (no open-market trades in 2025)
2026-07-22…2026-07-23Gallup PatriciaChairman & Chief Admin Officer14,284$1.1M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-07-06…2026-07-07Gallup PatriciaChairman & Chief Admin Officer14,284$1.0M0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-06-23…2026-06-24Gallup PatriciaChairman & Chief Admin Officer14,284$998K0.2%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)
2026-06-08…2026-06-09Gallup PatriciaChairman & Chief Admin Officer14,308$1.0M0.1%Yes (adopted March 9, 2026)Too little history (no open-market trades in 2024 or 2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (CNXN)

Consensus Hold (mean 3.00 on a 1–5 scale), 1 analysts; mean target USD 83 (low 83, high 83).

Total return (dividends reinvested) (CNXN)

1Y (from 2025-10-30)5Y (from 2021-10-25)
Total return+44.4%+96.8%
S&P 500 (SPY)+14.4%+79.1%
Per year+44.6%+14.5%
Volatility (annualized)25.8%28.9%
Max drawdown-16.9% (Feb 2026→Mar 2026)-30.0% (Nov 2022→May 2023)

Dividends (CNXN)

Annual dividend rate USD 0.80 per share, yield 0.90% at the current price. Paid over the last 12 months: USD 0.75 in 4 payments (quarterly).

Most recent ex-dividend date: Aug 11, 2026; payment date: Aug 28, 2026. To receive a dividend, shares must be owned before the ex-dividend date.

Latest change: raised 33.3% to USD 0.20 per payment from USD 0.15, starting with the Feb 17, 2026 ex-dividend date.

Payout ratio 19% of earnings · annual dividends grew 20.8% a year from 2022 to 2025.

Ex-dividend dateAmount per share
2026-08-11USD 0.20
2026-05-12USD 0.20
2026-02-17USD 0.20
2025-11-10USD 0.15
2025-08-12USD 0.15
2025-05-13USD 0.15
2025-02-25USD 0.15
2024-11-12USD 0.10

Total by calendar year: 2022 USD 0.34 · 2023 USD 0.32 · 2024 USD 0.40 · 2025 USD 0.60.

Short interest (CNXN)

574,747 shares sold short, 5.24% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 546,926 shares (+5.1%). Days to cover: 3.6 (short shares ÷ average daily volume).

CNXN earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Oct 28, 2026Quarter ended Sep 30, 2026$1.24$1.04Beat +19.2%-3.3%
Jul 29, 2026Quarter ended Jun 30, 2026$1.31$1.04Beat +26.0%-0.7%
Apr 29, 2026Quarter ended Mar 31, 2026$0.77$0.62Beat +24.2%+0.2%
Feb 4, 2026Quarter ended Dec 31, 2025$0.91$0.86Beat +5.8%+11.7%
Oct 29, 2025————-4.0%
Jul 30, 2025————-4.1%
Apr 30, 2025————+6.2%
Feb 5, 2025————-12.1%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

CNXN recent SEC filings (last 120 days)

FiledFormWhat it says
Oct 28, 202610-QQuarterly report · period ended Sep 30, 2026
Oct 28, 20268-KQuarterly results; Regulation FD disclosure
Oct 14, 20268-KDirector or executive officer change, or pay arrangement
“On October 14, 2026, PC Connection, Inc. (the "Company") announced that Matthew Zafirovski joined the Company as President and Chief Operating Officer effective October 12, 2026. Prior to joining the Company, Mr. Zafirovski, 41, served as Chief Executive Officer of Tusker, a full-service technology solutions provider, from 2022 to 2026, after previously serving as Chief Operating Officer of Tusker from 2020 to 2022. Mr. Zafirovski has also held leadership roles with Groupon, Apple, McKinsey & Company and Meadowood…”
Jul 29, 202610-QQuarterly report · period ended Jun 30, 2026
Jul 29, 20268-KQuarterly results; Regulation FD disclosure

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

CNXN revenue by business segment (quarter ended Sep 30, 2026)

LineRevenueShare of totalYoY
Large Account$407.5M46.6%+27.4%
Small & Medium Sized Businesses$328.2M37.5%+27.8%
Public Sector$138.6M15.9%+4.6%
Total revenue$874.3M100%—

CNXN revenue by product line (quarter ended Sep 30, 2026)

LineRevenueShare of totalYoY
Notebooks & Mobility$109.1M12.5%+7.6%
Desktops$82.0M9.4%+94.7%
Accessories$56.6M6.5%+16.2%
Software$44.5M5.1%+26.5%
Net & Com$36.4M4.2%+83.6%
Displays & Sounds$34.6M4.0%+16.4%
Other Hardware & Services$29.7M3.4%+19.0%
Servers & Storage$14.5M1.7%-18.2%
Total revenue$874.3M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

CNXN suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierMicrosoft (MSFT)“Products manufactured by Microsoft Corporation, HP Inc., and Dell Inc. represented approximately 16%, 13%, and 12%, respectively, of our total product purchases in 2025.”
SupplierDell Technologies (DELL)“Products manufactured by Microsoft Corporation, HP Inc., and Dell Inc. represented approximately 16%, 13%, and 12%, respectively, of our total product purchases in 2025.”
SupplierHP Inc. (HPQ)“Products manufactured by Microsoft Corporation, HP Inc., and Dell Inc. represented approximately 16%, 13%, and 12%, respectively, of our total product purchases in 2025.”
SupplierTD SYNNEX CORP (SNX)“Although we purchase from a diverse vendor base, product purchases from TD Synnex Corporation, Ingram Micro, Inc., and Microsoft Corporation accounted for approximately 25%, 21%, and 13%, respectively, of our total product purchases in 2025.”
SupplierIngram Micro Holding Corp (INGM)“Although we purchase from a diverse vendor base, product purchases from TD Synnex Corporation, Ingram Micro, Inc., and Microsoft Corporation accounted for approximately 25%, 21%, and 13%, respectively, of our total product purchases in 2025.”
CustomerUPS (UPS)“Many of our customers elect to have their purchases shipped by an interstate common carrier, such as United Parcel Service, Inc., or UPS, or FedEx Corporation.”
CustomerFedEx (FDX)“Many of our customers elect to have their purchases shipped by an interstate common carrier, such as United Parcel Service, Inc., or UPS, or FedEx Corporation.”
CompetitorApple (AAPL)“We offer a broad selection of over 460,000 products at competitive prices, including products from vendors like Apple, Cisco, Dell Inc., HP Inc., Hewlett-Packard Enterprise, Intel, Lenovo, Microsoft Corporation, and VMware by Broadcom, and we partner with more than 1,600 suppliers.”
CompetitorCisco (CSCO)“We offer a broad selection of over 460,000 products at competitive prices, including products from vendors like Apple, Cisco, Dell Inc., HP Inc., Hewlett-Packard Enterprise, Intel, Lenovo, Microsoft Corporation, and VMware by Broadcom, and we partner with more than 1,600 suppliers.”
CompetitorIntel (INTC)“We offer a broad selection of over 460,000 products at competitive prices, including products from vendors like Apple, Cisco, Dell Inc., HP Inc., Hewlett-Packard Enterprise, Intel, Lenovo, Microsoft Corporation, and VMware by Broadcom, and we partner with more than 1,600 suppliers.”
CompetitorLenovo“We offer a broad selection of over 460,000 products at competitive prices, including products from vendors like Apple, Cisco, Dell Inc., HP Inc., Hewlett-Packard Enterprise, Intel, Lenovo, Microsoft Corporation, and VMware by Broadcom, and we partner with more than 1,600 suppliers.”
CompetitorBroadcom (AVGO)“We offer a broad selection of over 460,000 products at competitive prices, including products from vendors like Apple, Cisco, Dell Inc., HP Inc., Hewlett-Packard Enterprise, Intel, Lenovo, Microsoft Corporation, and VMware by Broadcom, and we partner with more than 1,600 suppliers.”
CompetitorAmazon (AMZN)“We also compete with computer retail stores and websites, who are increasingly selling to business customers and may become a significant competitor, including e-tailers, such as Amazon, with more extensive commercial online networks.”
CompetitorPalantir (PLTR)“As we continue to expand and mature our AI services, we compete with other companies that develop and deliver on bespoke AI projects, such as Palantir and Scale.ai.”

Quoted from the company's 10-K filed Feb 24, 2026.

CNXN analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Dec 2026)$1.05$1.07-1.4%$762.2M2
Next quarter (ends Mar 2027)$0.82$0.70+17.0%$748.3M2
Current fiscal year (ends Dec 2026)$4.17$3.92+6.4%$3.11B2
Next fiscal year (ends Dec 2027)$4.46$4.24+5.4%$3.19B2

CNXN options: expected move

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262242.6%±10.2%
Jan 15, 20277841.0%±14.3%

30-day implied volatility 41.2% vs 23% realized over the last 30 trading days. Put/call ratio (volume) 21. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 29, 2026 at 22:22 UTC)

PriceUSD 85.62
Change▼ 1.02% (down)
Previous CloseUSD 86.5
OpenUSD 86.24
Day RangeUSD 83.52 – 91.09
52-Week RangeUSD 54.97 – 96.91
Volume318,418 shares
Market Cap$2.16B
ExchangeNMS

Technical Analysis (CNXN)

Nexqual's technical model rates CNXN "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 22:22 UTC.

Overall SignalSELL
RSI (14)39.16 (neutral)
vs SMA50Below (USD 86.59)
MACD-0.25 (negative)

Analyst Ratings (CNXN)

Wall Street analysts rate CNXN "Hold" based on 1 analysts, with a mean price target of USD 83 (range USD 83–83), per Nexqual as of October 29, 2026 at 22:22 UTC.

Consensus RatingHold
Analyst Count1
Mean TargetUSD 83
High TargetUSD 83
Low TargetUSD 83
Buy / Hold / Sell0 / 1 / 0

Earnings (CNXN)

Next Earnings Date2026-10-28
EPS EstimateUSD 1.06
Revenue Estimate$762.21M

Recent Earnings History

QuarterActual vs Estimate
2026-09-30USD 1.24 vs est 1.04 ▲ beat
2026-06-30USD 1.31 vs est 1.04 ▲ beat
2026-03-31USD 0.77 vs est 0.62 ▲ beat
2025-12-31USD 0.91 vs est 0.86 ▲ beat

Source: Nexqual, October 29, 2026 at 22:22 UTC.

Financials & Fundamentals (CNXN)

Total Revenue$2.99B
Revenue Growth (latest quarter, YoY)+12.40%
Gross Margin+18.89%
Operating Margin+5.04%
Profit Margin+3.21%
ROE+10.43%
Debt / Equity0.01
Current Ratio2.88
Total Cash$340.69M
Total Debt$7.55M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$34.05M (1.1% of revenue)

Source: Nexqual, October 29, 2026 at 22:22 UTC.

Financial Health Score (CNXN)

Nexqual rates PC Connection, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 22:22 UTC.

GrowthMixed — Revenue +2.5% YoY (annual), slow
ProfitabilityWeak — Gross margin 19%, operating 4% (last 4 quarters to Jun 2026, SEC)
Balance SheetStrong — $341M cash vs $8M debt, net cash position
Cash FlowMixed — FCF $34M (last 4 quarters to Jun 2026, SEC), slim 1.1% margin
EfficiencyMixed — ROE 10%, ROA 6.7% (last 4 quarters, SEC)

Ownership (CNXN)

Insider Ownership+56.97%
Institutional Ownership+42.72%
Shares Outstanding25.24M
Float10.99M
Short % of Float+5.24%

Source: Nexqual, October 29, 2026 at 22:22 UTC.

Leadership (CNXN)

PC Connection, Inc. is led by Jay E. Bothwick, Independent Vice Chairman & Secretary, per Nexqual as of October 29, 2026 at 22:22 UTC.

Independent Vice Chairman & SecretaryJay E. Bothwick
Senior VP, CFO & TreasurerThomas C. Baker

Major Backers & Investors (CNXN)

Notable institutional backers of PC Connection, Inc. include DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio, Two Sigma Investments, LP, Morgan Stanley, according to Nexqual as of October 29, 2026 at 22:22 UTC.

Active Investors

InvestorStake
DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio2.47%
Two Sigma Investments, LP1.03%
Morgan Stanley0.9%
Goldman Sachs0.89%

Index Funds (Passive)

FundStake
BlackRock8.62%
Dimensional Fund Advisors6.1%
Vanguard Group4%
State Street1.84%
Geode Capital1.64%
Northern Trust0.82%

Source: Nexqual, October 29, 2026 at 22:22 UTC.

From PC Connection, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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CLMBClimb Global Solutions, Inc.USD 41.84▲ 26.29%
AVTAvnet, Inc.USD 92.43▼ 1.22%
ARWArrow Electronics, Inc.USD 220.92▼ 0.91%
SNXTD SYNNEX CorporationUSD 255.07▼ 0.65%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 22:22 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt