Will Record AI Backlog, Higher EPS and Dividend Shift PC Connection's (CNXN) Investment Narrative?

PC Connection (CNXN) recently reported strong second-quarter 2026 results with increased sales, net income, and EPS, along with a declared quarterly dividend. The company highlighted a record backlog driven by enterprise AI projects and modernization initiatives, supporting its near-term growth narrative. Despite positive performance, the article notes execution risks due to richer earnings multiples, insider selling, rising CEO pay, and modest long-term growth expectations.