The strong Q4 beat and raised FY2027 EBITDA guidance ($158-165M vs FY2026's $151.5M) confirm the organic growth trajectory. The MicroAge acquisition, while dilutive to cash, adds a higher-margin services layer and expands the TAM. Traders should watch for the acquisition close (expected by Sept 30, 2026) and any updates on integration or financing. The stock is likely to re-rate higher on the combination of momentum and strategic expansion.
Price Chart
Executive Summary
ScanSource reported strong Q4 FY2026 results with net sales of $953.1M (+17.3% YoY) and non-GAAP diluted EPS of $1.46 (+43.1% YoY), significantly beating consensus estimates of $1.14. The company also announced a definitive agreement to acquire MicroAge for $220.5M in cash, a strategic move to add higher-margin managed services and expand its reach in cloud, cybersecurity, and AI. The combination of a strong earnings beat and a transformative acquisition is a clear positive catalyst, though the acquisition's integration risk and the use of cash are considerations.
Key Financial Metrics
Key Facts
- Q4 FY2026 net sales of $953.1M, up 17.3% YoY, driven by broad-based hardware demand in North America.
- Non-GAAP diluted EPS of $1.46, a 43.1% increase YoY and a 28% beat vs consensus of $1.14.
- Announced agreement to acquire MicroAge, an IT solutions integrator and MSP, for $220.5M in cash.
- FY2027 guidance: net sales growth of 6-10% YoY and Adjusted EBITDA of $158M-$165M, excluding MicroAge.
- Full-year FY2026 operating cash flow of $123.1M and free cash flow of $113.8M, with $97.9M in share repurchases.
Financial Impact
Q4 revenue beat consensus by ~$151M (18.8%), and non-GAAP EPS beat by $0.32 (28%). The $220.5M acquisition represents ~22% of SCSC's market cap.
Risk Factors
- Integration risk from the MicroAge acquisition, which is a sizable bolt-on at 22% of market cap.
- Potential execution risk in achieving FY2027 guidance of 6-10% net sales growth in a potentially slowing macro environment.
- Use of $220.5M in cash for the acquisition reduces financial flexibility, though the balance sheet remains manageable with $88.4M cash and $101.4M debt.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000918965-26-000043 |
| Exhibit: exhibit21stockpurchaseag.htm | 0000918965-26-000043 |
| 8-K Data (Synthetic) | 0000918965-26-000043 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | DEFA14A | $60.98 | awaiting T+20 | — | $60.98 (−0.00%) |
Oct 26, 2026 today | DEF 14A | $60.98 | awaiting T+20 | — | $60.98 (−0.00%) |
Oct 20, 2026 6d ago | SC 13G/A | $60.23 | awaiting T+20 | — | $60.98 (+1.25%) |
Oct 9, 2026 17d ago | SC 13G/A | $60.67 | awaiting T+20 | — | $60.98 (+0.51%) |
Sep 14, 2026 6w ago | Insider Cluster | $57.63 $61.97 | ▼ −7.53% | ▼ −4.81% | $60.98 (−5.81%) |
Sep 4, 2026 7w ago | Insider Cluster | $57.69 $60.94 | ▲ +5.63% | ▲ +3.67% | $60.98 (+5.70%) |
Sep 2, 2026 7w ago | 8-K | $56.64 $62.22 | ▲ +9.85% | ▲ +10.00% | $60.98 (+7.66%) |
Aug 20, 2026 9w ago | 8-K | $56.39 $57.65 | ▲ +2.23% | ▲ +2.23% | $60.98 (+8.14%) |
Aug 17, 2026 10w ago | 8-K | $51.71 $57.63 | ▲ +11.45% | ▲ +13.43% | $60.98 (+17.93%) |
May 29, 2026 21w ago | 8-K | $48.13 $52.09 | ▲ +8.23% | ▲ +9.53% | $60.98 (+26.70%) |
US Market Status
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