The Q1 beat was driven by accelerating services mix shift and Cloud/Core Services growth, not one-time items. With FY guidance maintained and bias toward the high end, the trajectory supports continued margin expansion. Monitor the APAC segment, where GAAP EFO swung to a loss, and watch for any tariff/macro commentary on the call that could affect the low-single-digit gross profit growth assumption.
Price Chart
Executive Summary
Insight Enterprises reported Q1 2026 adjusted diluted EPS of $2.88, a 26% YoY increase, on revenue of $2.13B (+1% YoY). Gross profit grew 14% to $462M with margin expanding 240bps to 21.7%, driven by 35% Cloud and 19% Core Services gross profit growth. The company maintained FY2026 adjusted EPS guidance of $11.00-$11.50, with a bias toward the high end, implying ~5% growth at the midpoint.
Key Financial Metrics
Key Facts
- Adjusted diluted EPS of $2.88 beat consensus of $2.44 by 18.0%
- Revenue of $2.13B was in line with consensus of $2.12B
- Gross profit grew 14% YoY to $462.2M; gross margin expanded 240bps to 21.7%
- Cloud gross profit surged 35% YoY; Core Services gross profit grew 19% YoY
- Adjusted EBITDA increased 27% YoY to $152.0M
- FY2026 adjusted EPS guidance maintained at $11.00-$11.50, with bias toward high end
- Net earnings improved to $30.0M from $7.5M YoY; GAAP diluted EPS of $0.97 vs $0.22
- Operating cash flow of $32.4M in Q1; $75M in share repurchases during the quarter
Financial Impact
Adjusted diluted EPS of $2.88 vs consensus $2.44 — an 18% beat. Revenue of $2.13B in line with $2.12B consensus. Gross profit up 14% YoY to $462M.
Risk Factors
- APAC segment swung to a GAAP operating loss of $1.1M vs profit of $4.3M a year ago
- Net sales growth of only 1% YoY; constant-currency sales declined 1%
- Interest expense rose 51% YoY to $23.6M, pressuring GAAP earnings
- Working capital consumption: accounts receivable increased $960M in the quarter
- FY guidance assumes no significant change in tariffs or macroeconomic environment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000932696-26-000047 |
| Document: q12026-insightearningspr.htm | 0000932696-26-000047 |
| Document: nsit-20260507.htm | 0000932696-26-000047 |
| Document: 0000932696-26-000047-index-headers.html | 0000932696-26-000047 |
| Document: 0000932696-26-000047-index.html | 0000932696-26-000047 |
| Document: 0000932696-26-000047.txt | 0000932696-26-000047 |
| 8-K Data (Synthetic) | 0000932696-26-000047 |
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% | $178.57 (+19.70%) |
Jul 22, 2026 13w ago | Institutional Cluster | $115.66 $146.27 | ▲ +26.47% | ▲ +23.16% | $178.57 (+54.40%) |
Jun 1, 2026 21w ago | 8-K | $117.77 $121.80 | ▲ +3.42% | ▲ +4.72% | $178.57 (+51.63%) |
May 7, 2026 24w ago | 8-K | $70.37 $115.60 | ▲ +64.27% | ▲ +61.14% | $178.57 (+153.77%) |
Apr 21, 2026 26w ago | DEFA14A | $77.02 $88.55 | ▲ +14.97% | ▲ +11.80% | $178.57 (+131.86%) |
Apr 3, 2026 29w ago | DEFA14A | $68.90 $70.48 | ▲ +2.29% | ▼ −6.69% | $178.57 (+159.18%) |
US Market Status
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