PC Connection Inc 2026年季度报告

(Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934*For the quarterly period ended June 30, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number: 0-23827PC CONNECTION, INC.(Exact name of registrant as specified in its charter)Delaware02-0513618(State or other jurisdiction of(I.R.S. Employer Identification No.)incorporation or organization)730 Milford RoadMerrimack, New Hampshire03054(Address of principal executive offices)(Zip Code)(603) 683-2000(Registrant's telephone number, including areacode)Former name, former address and former fiscal year, if changed since last report: N/A Securities registered pursuant to Section 12(b) of the Act: Indicate by check markwhether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit such files). Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). The number of shares outstanding of the issuer’s common stock as of July 22, 2026 was 25,238,099. PC CONNECTION, INC. AND SUBSIDIARIESFORM 10-Q TABLE OF CONTENTS PART I FINANCIAL INFORMATION Page ITEM 1.Unaudited Condensed Consolidated Financial Statements:Condensed Consolidated Balance Sheets–June 30, 2026 and December 31, 20251Condensed Consolidated Statements of Income–Three and Six Months Ended June 30, 2026and 20252Condensed Consolidated Statements of Other Comprehensive Income–Three and Six MonthsEnded June 30, 2026 and 20253Condensed Consolidated Statements of Stockholders’ Equity–Three and Six Months EndedJune 30, 2026 and 20254Condensed Consolidated Statements of Cash Flows–Six Months Ended June 30, 2026 and20256Notes to Unaudited Condensed Consolidated Financial Statements7ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17ITEM 3.Quantitative and Qualitative Disclosures About Market Risk30ITEM 4.Controls and Procedures30 PART II OTHER INFORMATION ITEM 1.Legal Proceedings31ITEM 1A.Risk Factors31ITEM 5.Other Information31ITEM 6.Exhibits32SIGNATURES33 PART I ― FINANCIAL INFORMATION PC CONNECTION, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(amounts in thousands) PC CONNECTION, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME(Unaudited) PC CONNECTION, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME(Unaudited)(amounts in thousands) Three Months EndedSix Months EndedJune30,June30,2026202520262025Net income$33,168$24,789$ 50,391$ 38,270Other comprehensive loss:Unrealized losses on available-for-sale investments, net of tax of$32 and $76 for the three and six months ended June 30, 2026,respectively, and net of tax of $30 and $60 for the three and sixmonths ended June 30, 2025, respectively(120)(114)(286)(227)Comprehensive income$33,048$24,675$ 50,105$ 38,043 See notes to unaudited condensed consolidated financial statements. PC CONNECTION, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Unaudited)(amounts in thousands) PC CONNECTION, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(amounts in thousands) PC CONNECTION, INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)(amounts in thousands, except per share data) Note 1–Basis of Presentation The accompanying unaudited condensed consolidated financial statements of PC Connection, Inc. andits subsidiaries, or the Company, have been prepared pursuant to the rules and regulations of the Securitiesand Exchange Commission, or SEC, regarding interim financial reporting and in a