There is no theory in the language of graphs whose models are exactly the disconnected (by which I assume you mean "not connected") graphs. It is possible to prove this fact simultaneously with the fact that there is no theory of connected graphs: the problem is that we can build graphs that are elementarily equivalent (i.e., have the same theory), but where one is connected and the other disconnected.
Let $G_0$ be the graph whose vertices are the integers, with edges between adjacent integers. Let $L$ be the language of graphs, and $T$ the complete theory of $G_0$ as an $L$ structure. Let $L'$ be $L$ together with two new constant symbols, and let $T'$ be $T$ together with an axiom schema asserting that there is no path of length $n$ connecting the two constant symbols, for any $n$. $T'$ is finitely consistent, using $G_0$ as the graph and interpreting the constant symbols as integers that are sufficiently far apart. By compactness, $T'$ has a model. That model will be a graph $G_1$ that is elementarily equivalent to $G_0$ in the graph language, but the new constant symbols from $L'$ must be interpreted as vertices in different connected components.
So we have $G_0$ elementarily equivalent to $G_1$, with $G_0$ connected and $G_1$ disconnected, so you can't tell whether a graph is connected by looking at its theory. Consequently, you can't axiomatize either "connected graphs" or "disconnected graphs" (in the language of graphs).