NASDAQ$CNXN

PC Connection Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

PC Connection reported Q3 2025, revenue of $2.10B, net income of $18M, diluted EPS of $0.68.

For Q3 2025, PC Connection reported revenue of $2.10B, net income of $18M, diluted EPS was $0.68. Management discusses segment trends, capital allocation, and macro risks in the quarterly filing.

  • Revenue $2.10B.
  • Net income $18M.
  • Diluted EPS $0.68.
  • PC Connection MD&A highlights operating priorities and liquidity.
  • Segment and geographic mix shape year-over-year comparisons.

Headline financials

Total Revenue

$709M

Previous: $725M-2.2%
EPS (adj)

$0.68

Previous: $0.97-29.9%
Gross Margin

19.6%

No prior period
Operating Margin

4.3%

No prior period
Inventory Turns

18

No prior period
Days Sales Outstanding

74

No prior period
Notebooks/Mobility Sales Percentage

34.0%

No prior period
Software Sales Percentage

13.0%

No prior period
Accessories Sales Percentage

12.0%

No prior period
Desktops Sales Percentage

11.0%

No prior period
Displays and Sound Sales Percentage

9.0%

No prior period
Net/Com Products Sales Percentage

7.0%

No prior period
Servers/Storage Sales Percentage

7.0%

No prior period
Other Hardware/Services Sales Percentage

7.0%

No prior period
SG&A as Percentage of Net Sales

15.3%

No prior period
Capital Expenditures

-$5.2M

Previous: -$5.22M+0.3%
Net Income

$24.7M

Previous: $27.1M-8.6%
Operating Income

$30.3M

Previous: $30M+0.7%
Gross Profit

$139M

Previous: $135M+2.4%

Revenue & EPS history

PC Connection · Revenue · Quarterly

$709M

Q3 2025-2.2%vs Q3 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

PC Connection · $693M total across 3 segments · Q3 2023

  • Enterprise Solutions
    $277M-9.5%
  • Business Solutions
    $269M-14.8%
  • Public Sector Solutions
    $147M-4.4%

Forward guidance

Software and data platforms emphasize subscription growth, AI features, and margin expansion rather than quarterly EPS targets.

Tailwinds

  • Enterprise subscription and cRPO growth.
  • Platform upsell and pricing discipline.
  • Operating leverage at scale.

Headwinds

  • IT budget scrutiny and deal timing.
  • Competition in workflow and analytics.
  • Stock-based compensation and R&D pace.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+1.6%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+21.8%

Q2 2019

Best reaction

-24.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%+3.1%+9.8%
Q4 2025+9.1%+8.4%+0.9%
Q3 2025-1.3%-3.8%-4.7%
Q1 2025+7.0%+9.8%+5.4%
Q4 2024-10.8%-8.6%-11.2%
Q3 2024-8.0%-2.7%+4.9%
Q2 2024+6.7%-0.3%+3.8%
Q1 2024-4.3%+0.2%+9.1%
Q4 2023+8.5%+5.6%+0.3%
Q3 2023+5.3%+11.8%+11.8%
Q2 2023+5.5%+8.5%+9.2%
Q1 2023-2.8%-2.0%+16.5%
Q4 2022-14.2%-13.5%-11.3%
Q3 2022-7.4%-5.3%+5.5%
Q2 2022+2.5%+3.0%+2.2%
Q1 2022-3.5%-6.2%-8.7%
Q4 2021+15.2%+10.9%+18.4%
Q3 2021+6.9%+1.9%-6.5%
Q2 2021-0.6%+2.3%+3.8%
Q1 2021-1.1%-3.7%+1.4%
Q4 2020-10.3%-9.7%-10.0%
Q3 2020+3.7%-5.9%-8.0%
Q2 2020-0.7%+0.4%-4.1%
Q1 2020+6.9%-7.2%+0.7%
Q4 2019-24.3%-19.8%-22.1%
Q3 2019+11.5%+12.8%+12.6%
Q2 2019+21.8%+12.4%+7.7%
Q1 2019+1.3%-4.0%-13.3%
Q4 2018+19.4%+19.1%+15.7%
Q3 2018-7.9%-5.9%-5.4%
Q2 2018+11.3%+12.5%+16.8%
Q1 2018+9.6%+9.9%+10.6%
Q4 2017+0.7%-3.9%+3.7%
Q3 2017+0.1%+0.7%-1.7%
Q2 2017-5.4%-5.2%-10.6%
Q1 2017+3.2%+7.9%-3.4%
Q4 2016+2.5%+0.3%-1.0%
Q3 2016-6.4%-6.5%+9.1%
Q2 2016+2.1%+1.4%+5.0%
Q1 2016-0.2%
Q4 2015-0.4%
Q3 2015-0.4%
Q2 2015-1.2%
Q1 2015-1.5%
Q4 2014-0.3%
Q3 2014+1.6%
Q2 2014+1.4%
Q1 2014+2.1%
Q4 2013+2.2%
Q3 2013+0.0%
Q2 2013-4.0%
Q1 2013+0.6%
Q4 2012+3.1%
Q3 2012-4.6%
Q2 2012+1.9%
Q1 2011+4.1%
Q1 2012+1.5%
Q4 2009-0.7%
Q4 2011-0.7%
Q3 2010+1.0%
Q3 2011+1.0%
Q4 2010+7.0%
Q2 2011+7.0%
Q2 2010+7.0%
Q1 2010+5.6%

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