CNXN

EX-99.1

2 cnxn-ex99d1.htm

EX-99.1

Exhibit 99.1

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Investor Relations Contact:

Thomas Baker, 603.683.2505

Senior Vice President, CFO, and Treasurer

tom@connection.com

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CONNECTION (CNXN)

REPORTS THIRD QUARTER 2026 RESULTS

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THIRD QUARTER SUMMARY:

FIRST NINE MONTHS OF 2026 SUMMARY:

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●Net sales: $874.3 million, up 23.3% y/y

●Gross billings: $1.3 billion, up 19.4% y/y1

●Gross profit: $161.9 million, up 16.7% y/y

●Gross margin: 18.5%, down 110 basis points y/y

●Net income: $31.5 million, up 27.2% y/y

●Diluted EPS: $1.24, compared to $0.97 y/y

●Adjusted Diluted EPS: $1.24, compared to $0.972

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●Net sales: $2.5 billion, up 12.9% y/y

●Gross billings: $3.5 billion, up 12.8% y/y1

●Gross profit: $452.1 million, up 12.0% y/y

●Gross margin: 18.5%, down 10 basis points y/y

●Net income: $81.8 million, up 29.9% y/y

●Diluted EPS: $3.23, compared to $2.45 y/y

●Adjusted Diluted EPS: $3.31, compared to $2.532

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Merrimack, NH—October 28, 2026—Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the third quarter ended September 30, 2026. The Company also announced that its Board of Directors declared a quarterly dividend of $0.20 per share of the Company’s common stock. Payment will be made on November 27, 2026, to shareholders of record on November 10, 2026.

“Connection delivered record net sales, gross billings, and gross profit in the third quarter, translating strong customer demand and disciplined execution into earnings growth,” said Timothy McGrath, Chief Executive Officer. McGrath continued, “AI is expanding the opportunities across the technology lifecycle, and our expertise brings the right solutions together to help customers realize the value. We believe our integrated capabilities position us well to deepen customer relationships, deliver sustained profitable growth and long-term shareholder value.”

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Third Quarter of 2026 Results:

Net sales for the quarter ended September 30, 2026 increased by 23.3% year over year. Gross billings increased by 19.4% to $1.3 billion, compared to $1.1 billion in the third quarter of 20251. Gross profit increased by 16.7% to $161.9 million, compared to $138.6 million for the third quarter of 2025, and gross margin decreased 110 basis points to 18.5%, compared to the prior year quarter. Net income increased 27.2% to $31.5 million, or $1.24 per diluted share, compared to $24.7 million, or $0.97 per diluted share, for the third quarter of 2025.

Performance by Segment:

●Net sales for the Business Solutions segment increased by 27.8% to $328.2 million in the third quarter of 2026, compared to $256.8 million in the prior year quarter. Gross billings increased by 22.1% to $522.7 million, compared to $428.2 million in the prior year quarter1. Gross profit increased by 14.9% to $78.2 million, compared to $68.0 million in the prior year quarter. Gross margin decreased by 270 basis points to 23.8% for the third quarter of 2026.

1 Gross billings is the total dollar value of goods and services billed during the period, net of customer returns, credit memos, and any applicable sales or other taxes and include agency fees, and freight. As certain transactions are recognized on a net basis, gross billings include amounts not recognized in net sales.

2 Adjusted Diluted Earnings per Share and Adjusted EBITDA are non-GAAP measures. See page 9 for definitions and reconciliations of these measures.

●Net sales for the Public Sector Solutions segment increased by 4.6% to $138.6 million in the third quarter of 2026, compared to $132.5 million in the prior year quarter. Gross billings increased by 6.8% to $233.3 million, compared to $218.5 million in the prior year quarter1. Gross profit increased by 2.9% to $23.5 million, compared to $22.8 million in the prior year quarter. Gross margin decreased by 30 basis points to 16.9% for the third quarter of 2026.

●Net sales for the Enterprise Solutions segment increased by 27.4% to $407.5 million in the third quarter of 2026, compared to $319.8 million in the prior year quarter. Gross billings increased by 23.1% to $521.2 million, compared to $423.3 million in the prior year quarter1. Gross profit increased by 26.0% to $60.2 million, compared to $47.8 million in the prior year quarter. Gross margin decreased by 10 basis points to 14.8% for the third quarter of 2026.

Sales by Product Mix:

●Notebooks/mobility and desktop sales increased by 27% year over year and accounted for 46% of net sales in the third quarter of 2026, compared to 45% of net sales in the third quarter of 2025.

●Software sales increased by 23% year over year and accounted for 13% of net sales in the third quarter of both 2026 and 2025.

●Servers/storage sales increased by 45% year over year and accounted for 9% of net sales in the third quarter of 2026, compared to 7% of net sales in the th

EX-99.1

2 cnxn-20260729xex99d1.htm

EX-99.1

Exhibit 99.1

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Investor Relations Contact:

Thomas Baker, 603.683.2505

Senior Vice President, CFO, and Treasurer

tom@connection.com

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CONNECTION (CNXN)

REPORTS SECOND QUARTER 2026 RESULTS

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SECOND QUARTER SUMMARY:

FIRST HALF OF 2026 SUMMARY:

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●Net sales: $854.0 million, up 12.4% y/y

●Gross billings: $1.2 billion, up 14.0% y/y1

●Gross profit: $157.5 million, up 14.3% y/y

●Gross margin: 18.4%, up 30 basis points y/y

●Net income: $33.2 million, up 33.8% y/y

●Diluted EPS: $1.31, compared to $0.97 y/y

●Adjusted Diluted EPS: $1.31, compared to $0.972

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●Net sales: $1.6 billion, up 7.9% y/y

●Gross billings: $2.2 billion, up 9.3% y/y1

●Gross profit: $290.2 million, up 9.5% y/y

●Gross margin: 18.4%, up 30 basis points y/y

●Net income: $50.4 million, up 31.7% y/y

●Diluted EPS: $1.99, compared to $1.48 y/y

●Adjusted Diluted EPS: $2.08, compared to $1.562

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Merrimack, NH—July 29, 2026—Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the second quarter ended June 30, 2026. The Company also announced that its Board of Directors declared a quarterly dividend of $0.20 per share of the Company’s common stock. Payment will be made on August 28, 2026, to shareholders of record on August 11, 2026.

"Our record financial performance reflects more than strong execution—it reflects the value that our customers are placing on their enterprise technology," said Timothy McGrath, President and Chief Executive Officer. McGrath continued, "As organizations increasingly operationalize AI, they need trusted partners like Connection who can modernize infrastructure, strengthen security, integrate cloud and data platforms, and deliver measurable business outcomes."

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Second Quarter of 2026 Results:

Net sales for the quarter ended June 30, 2026 increased by 12.4%, year over year. Gross billings increased by 14.0% to $1.2 billion, compared to $1.0 billion in the second quarter of 20251. Gross profit increased by 14.3% to $157.5 million, compared to $137.8 million for the second quarter of 2025, and gross margin increased 30 basis points to 18.4%, compared to the prior year quarter. Net income increased 33.8% to $33.2 million, or $1.31 per diluted share, compared to $24.8 million, or $0.97 per diluted share, for the second quarter of 2025.

Performance by Segment:

●Net sales for the Business Solutions segment increased by 17.3% to $343.9 million in the second quarter of 2026, compared to $293.2 million in the prior year quarter. Gross billings increased by 16.7% to $496.1 million, compared to $425.1 million in the prior year quarter1. Gross profit increased by 14.9%

1 Gross billings is the total dollar value of goods and services billed during the period, net of customer returns, credit memos, and any applicable sales or other taxes and include agency fees, and freight. As certain transactions are recognized on a net basis, gross billings include amounts not recognized in net sales.

2 Adjusted Diluted Earnings per Share and Adjusted EBITDA are non-GAAP measures. See page 10 for definitions and reconciliations of these measures.

to $79.1 million, compared to $68.9 million in the prior year quarter. Gross margin decreased by 50 basis points to 23.0% for the second quarter of 2026.

●Net sales for the Public Sector Solutions segment remained consistent at $140.5 million for the second quarter of 2026 and 2025. Gross billings increased by 1.7% to $197.1 million, compared to $193.8 million in the prior year quarter1. Gross profit increased by 9.2% to $23.2 million, compared to $21.3 million in the prior year quarter. Gross margin increased by 130 basis points to 16.5% for the second quarter of 2026.

●Net sales for the Enterprise Solutions segment increased by 13.4% to $369.6 million in the second quarter of 2026, compared to $326.0 million in the prior year quarter. Gross billings increased by 17.0% to $477.0 million, compared to $407.5 million in the prior year quarter1. Gross profit increased by 15.8% to $55.2 million, compared to $47.6 million in the prior year quarter. Gross margin increased by 30 basis points to 14.9% for the second quarter of 2026.

Sales by Product Mix:

●Notebook/mobility and desktop sales increased by 19% year over year and accounted for 51% of net sales in the second quarter of 2026, compared to 48% of net sales in the second quarter of 2025.

●Software sales increased by 15% year over year and accounted for 9% of net sales in the second quarter of both 2026 and 2025.

●Servers/storage sales decreased by 18% year over year and accounted for 7% of net sales in the second quarter of 2026, compared to 9% of net sales in the second quarter of 2025.

●Networking sales increased by 12% year over year and accounted for 7% of net sales in the second quarte

EX-99.1

2 cnxn-20260429xex99d1.htm

EX-99.1

Exhibit 99.1

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Investor Relations Contact:

Thomas Baker, 603.683.2505

Senior Vice President, CFO, and Treasurer

tom@connection.com

​

​

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CONNECTION (CNXN)

REPORTS FIRST QUARTER 2026 RESULTS

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FIRST QUARTER SUMMARY:

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●Net sales: $721.9 million, up 3.0% y/y

●Gross billings: $1.0 billion, up 4.3%1

●Gross profit: $132.7 million, up 4.3% y/y

●Gross margin: 18.4%, up 20 basis points y/y

●Net income: $17.2 million, up 27.8% y/y

●Diluted EPS: $0.68, compared to $0.51 y/y

●Adjusted Diluted EPS: $0.77, compared to $0.602

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Merrimack, NH—April 29, 2026—Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the first quarter ended March 31, 2026. The Company also announced that its Board of Directors declared a quarterly dividend of $0.20 per share of the Company’s common stock. Payment will be made on May 29, 2026, to shareholders of record on May 12, 2026.

“Our financial performance was strong as we experienced solid demand in Q1 for both our Enterprise and Business Solutions segments, driven in part by our customers moving from AI experimentation to AI production,” said Timothy McGrath, President and Chief Executive Officer. McGrath continued, “We believe that our experienced team is well positioned to help our customers navigate through the waves of technology.”

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First Quarter of 2026 Results:

Net sales for the quarter ended March 31, 2026 increased by 3.0%, year over year. Gross billings increased by 4.3% to $1.0 billion, compared to $978.9 million in the first quarter of 20251. Gross profit increased by 4.3% to $132.7 million, compared to $127.3 million for the first quarter of 2025, and gross margin increased 20 basis points to 18.4%, compared to the prior year quarter. Net income increased 27.8% to $17.2 million, or $0.68 per diluted share, compared to $13.5 million, or $0.51 per diluted share, for the first quarter of 2025. Adjusted Diluted Earnings per Share2 was $0.77 for the quarter ended March 31, 2026, compared to $0.60 per share for the quarter ended March 31, 2025.

Performance by Segment:

●Net sales for the Business Solutions segment increased by 6.6% to $275.6 million in the first quarter of 2026, compared to $258.4 million in the prior year quarter. Gross billings increased by 9.3% to $446.0 million, compared to $408.0 million in the prior year quarter1. Gross profit increased by 3.2% to $67.5

1 Gross billings is the total dollar value of goods and services billed during the period, net of customer returns, credit memos, and any applicable sales or other taxes and include agency fees, and freight. As certain transactions are recognized on a net basis, gross billings include amounts not recognized in net sales.

2 Adjusted Diluted Earnings per Share and Adjusted EBITDA are non-GAAP measures. See page 9 for definitions and reconciliations of these measures.

million, compared to $65.4 million in the prior year quarter. Gross margin decreased by 80 basis points to 24.5% for the first quarter of 2026.

●Net sales for the Public Sector Solutions segment decreased by 31.0% to $99.8 million in the first quarter of 2026, compared to $144.6 million in the prior year quarter. Gross billings decreased by 21.2% to $135.7 million, compared to $172.2 million in the prior year quarter1. Gross profit decreased by 23.4% to $15.0 million, compared to $19.6 million in the prior year quarter. Gross margin increased by 140 basis points to 15.0% for the first quarter of 2026.

●Net sales for the Enterprise Solutions segment increased by 16.3% to $346.5 million in the first quarter of 2026, compared to $298.0 million in the prior year quarter. Gross billings increased by 10.3% to $439.6 million, compared to $398.8 million in the prior year quarter1. Gross profit increased by 18.7% to $50.2 million, compared to $42.3 million in the prior year quarter. Gross margin increased by 30 basis points to 14.5% for the first quarter of 2026.

Sales by Product Mix:

●Notebook/mobility and desktop sales increased by 1% year over year and accounted for 49% of net sales in the first quarter of 2026, compared to 50% of net sales in the first quarter of 2025.

●Software sales increased by 6% year over year and accounted for 11% of net sales in the first quarter of both 2026 and 2025.

●Servers/storage sales decreased by 10% year over year and accounted for 6% of net sales in the first quarter of 2026, compared to 7% of net sales in the first quarter of 2025.

●Networking sales increased by 8% year over year and accounted for 7% of net sales in the first quarter of both 2026 and 2025.

●Accessories sales increased by 1% year over year and accounted for 11% of net sales in the first quarter of both 2026 and 2025.

Selling, general and administrative (“SG&A”) expenses decreased slightly in the fir