Insight Enterprises Inc

Latest Results (15.05.2026):

Insight Enterprises Inc — fourth quarter of 2025 results: for Q4 2025 Insight reported consolidated net sales of $2.05 billion (down 1% year‑over‑year) while delivering record gross profit and expanded margins; the company posted consolidated net earnings of $52.0 million (up 40% Y/Y) and diluted EPS of $1.67 (up 69% Y/Y). The release also covers full‑year 2025 results (net sales $8.25 billion, -5% Y/Y) and provides guidance for fiscal 2026.

Top‑line and margins (Q4 2025)

Q4 net sales were $2.05B, down 1% Y/Y. Gross profit rose 9% to $478.4M and gross margin expanded 220 basis points to 23.4%, driven by services and Cloud growth despite softer product/software sales.

Profitability and earnings (Q4 and FY 2025)

Q4 consolidated net earnings were $52.0M (2.5% of sales), GAAP diluted EPS $1.67 (+69% Y/Y). Adjusted diluted EPS for Q4 was $2.96 (+11% Y/Y). For full‑year 2025, GAAP net earnings were $157.3M (-37% Y/Y) and GAAP diluted EPS was $4.86 (-26%); adjusted diluted EPS for 2025 was $9.87 (+2% Y/Y).

Adjusted operating metrics

Adjusted EBITDA in Q4 was $156.2M (+11% Y/Y) and adjusted earnings from operations were $146.2M (7.1% of sales, +13% Y/Y). For the full year, adjusted EBITDA was ~$542.6M and adjusted earnings from operations were roughly flat at $504.0M.

Segment performance (Q4 2025)

Regional trends: North America sales -3% (Q4 $1.64B) with gross profit +4% (22.1% margin); EMEA sales +8% with gross profit +30% (27.5% margin); APAC sales +15% with gross profit +22% (34.7% margin). Services grew double‑digits in Q4 (+11% consolidated).

Cash flow and balance sheet

Operating cash flow in Q4 was $153.8M and $303.8M for the full year. Year‑end cash and cash equivalents were reported at ~$358.0M; accounts receivable rose materially to $5.52B, and long‑term debt increased to ~$1.36B.

Non‑GAAP adjustments impacting results

Full‑year 2025 GAAP results were affected by non‑cash revaluations (earnout liabilities and warrant settlement revaluation) and higher interest expense; the company highlights Adjusted (non‑GAAP) measures that exclude amortization, transformation, severance, revaluation gains/losses, and other items.

Outlook for fiscal 2026

Guidance: Adjusted diluted EPS for full‑year 2026 is expected between $10.10–$10.60 (including stock‑based comp.) and $11.00–$11.50 (excluding stock‑based comp.). Management expects gross margin around 21% and assumes interest/other expense ≈ $85M, an effective tax rate ~25.5–26.5%, capex $20–30M and ~31.0M weighted average shares.