The strong beat and raised guidance confirm accelerating AI-driven demand in cloud and services. Traders should watch for continued momentum in cloud gross profit growth (>35%) and any incremental guidance raises on the Q3 call.
Price Chart
Executive Summary
Insight Enterprises reported a strong Q2 2026 beat, with adjusted diluted EPS of $3.86 (31.8% above the $2.93 consensus) on revenue of $2.4B (+15% YoY, above the $2.21B consensus). The company raised its full-year 2026 adjusted EPS guidance to $12.20-$12.70 (midpoint $12.45, +16% YoY), driven by AI momentum in cloud, infrastructure, and services. This is a clear bullish signal with accelerating top-line growth, expanding margins, and raised guidance, building on the momentum from Q1.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $2.4B (+15% YoY) vs consensus $2.21B
- Adjusted diluted EPS $3.86 (+44% YoY) vs consensus $2.93 (31.8% beat)
- GAAP diluted EPS $2.57 (+76% YoY)
- Gross profit $521.6M (+18% YoY); gross margin 21.7% (+60 bps YoY)
- Cloud gross profit +39% YoY; Insight Core services gross profit +21% YoY
- Full-year 2026 adjusted EPS guidance raised to $12.20-$12.70 (midpoint $12.45, +16% YoY)
- Gross profit growth guidance raised to 8%-10% (from low single digits)
- Operating cash flow -$12.2M in Q2; $20.1M YTD
Financial Impact
Adjusted EPS beat consensus by $0.93 (31.8%); FY2026 adjusted EPS guidance midpoint raised to $12.45 from prior $11.25 (implied +$1.20 or +10.7% vs prior midpoint)
Risk Factors
- EMEA GAAP earnings from operations declined 15% YoY (20% in constant currency), signaling regional weakness
- Operating cash flow was negative -$12.2M in Q2, though YTD is positive $20.1M
- Software product net sales declined 6% YoY, continuing a multi-quarter trend
- High transformation costs ($9.8M in Q2) and severance/restructuring ($5.8M) weigh on GAAP profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000932696-26-000067 |
| Document: q22026-insightearningspr.htm | 0000932696-26-000067 |
| Document: nsit-20260806.htm | 0000932696-26-000067 |
| Document: 0000932696-26-000067-index-headers.html | 0000932696-26-000067 |
| Document: 0000932696-26-000067-index.html | 0000932696-26-000067 |
| Document: 0000932696-26-000067.txt | 0000932696-26-000067 |
| 8-K Data (Synthetic) | 0000932696-26-000067 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 11w ago | 8-K | $149.19 $159.15 | ▲ +6.68% | ▲ +6.08% | $179.25 (+20.15%) |
Jul 22, 2026 13w ago | Institutional Cluster | $115.66 $146.27 | ▲ +26.47% | ▲ +23.16% | $179.25 (+54.98%) |
Jun 1, 2026 21w ago | 8-K | $117.77 $121.80 | ▲ +3.42% | ▲ +4.72% | $179.25 (+52.20%) |
May 7, 2026 24w ago | 8-K | $70.37 $115.60 | ▲ +64.27% | ▲ +61.14% | $179.25 (+154.73%) |
Apr 21, 2026 26w ago | DEFA14A | $77.02 $88.55 | ▲ +14.97% | ▲ +11.80% | $179.25 (+132.73%) |
Apr 3, 2026 29w ago | DEFA14A | $68.90 $70.48 | ▲ +2.29% | ▼ −6.69% | $179.25 (+160.16%) |
US Market Status
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