Monitor Q2 results for margin recovery validation; the low Q2 guidance midpoint suggests EPS near zero, with full-year recovery hinging on benefits cost trends and WSEE growth. Stock likely to trade sideways until clearer trajectory emerges.
Price Chart
Executive Summary
Insperity Q1 2026 revenue grew 2% YoY to $1.9B, but net income plunged 35% to $33M (diluted EPS $0.88 vs $1.35) due to elevated benefits costs and restructuring charges. Full-year adjusted EPS guidance of $1.60-$2.60 implies a recovery, but Q2 guidance of $0.02-$0.50 suggests continued near-term pressure amid margin recovery efforts.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $1,895M (+2% YoY), gross profit $302M (-3% YoY)
- GAAP diluted EPS $0.88 vs $1.35 in Q1 2025 (-35% YoY)
- Adjusted EPS $1.31 vs $1.57 in Q1 2025 (-17% YoY)
- Average paid WSEEs declined 1% to 303,049
- Q2 2026 adjusted EPS guidance $0.02-$0.50; full year $1.60-$2.60
- Restructuring charges of $9M included in operating expenses
Financial Impact
Net income dropped $18M YoY (-35%) despite 2% revenue growth; gross profit margin contracted ~120bps on higher benefits costs
Risk Factors
- Persistent benefits cost inflation (up 5% per covered employee)
- Continued WSEE decline (-1% YoY) limits revenue growth
- Restructuring execution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001000753-26-000048 |
| Document: nsp-20260430.htm | 0001000753-26-000048 |
| Document: 0001000753-26-000048-index-headers.html | 0001000753-26-000048 |
| Document: 0001000753-26-000048-index.html | 0001000753-26-000048 |
| Document: 0001000753-26-000048.txt | 0001000753-26-000048 |
| 8-K Data (Synthetic) | 0001000753-26-000048 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 22, 2026 13w ago | Institutional Cluster | $47.98 $52.14 | ▲ +8.67% | ▲ +5.36% | $53.94 (+12.42%) |
Jun 11, 2026 19w ago | Institutional Cluster | $37.68 $44.37 | ▲ +17.75% | ▲ +15.86% | $53.94 (+43.15%) |
May 20, 2026 22w ago | 8-K | $30.31 $34.49 | ▲ +13.78% | ▲ +13.45% | $53.94 (+77.97%) |
Apr 30, 2026 25w ago | 8-K | $28.53 $36.77 | ▲ +28.88% | ▲ +23.60% | $53.94 (+89.06%) |
US Market Status
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