Insight Enterprises (NSIT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 reached $2.4 billion, up 15% year-over-year, with broad-based growth across cloud, infrastructure, and services, driven by AI demand and hardware/services strength.

• Gross profit increased 18% to $521.6 million, with gross margin expanding 60 basis points to 21.7% due to higher-margin services and cloud solutions.

• Diluted EPS for Q2 2026 was $2.57, a 76% increase year-over-year; adjusted diluted EPS was $3.86, up 44%.

• Adjusted earnings from operations grew 31% to $180.6 million, with margin improvement across all segments, especially in North America and APAC.

• Strategy as a solution integrator for AI is resonating, with early progress on focus and execution discipline.

Financial highlights

• Adjusted EBITDA was $190 million (+29%), margin expanded to 7.9%.

• Services net sales in Q2 2026 were $514 million, up 21% year-over-year, with services gross profit at $328 million, up 27%.

• Hardware revenue increased 21%, while software sales declined 6–8%.

• Cash flow from operations for the first half of 2026 was $20.1 million.

• Total gross margin was 21.7%, up 60 bps year-over-year.

Outlook and guidance

• Full-year 2026 guidance: gross profit growth of 8–10%, gross margin of 21.5–22.0%.

• Adjusted diluted EPS for 2026 expected at $12.20–$12.70, ~16% growth at midpoint.

• Capital expenditures projected at $20–$30 million for the year.

• Cash flow from operations projected at $300M–$400M for the year.

• Guidance assumes no significant changes in debt or macroeconomic environment.