Insight Enterprises delivered a strong third quarter 2026 performance, characterized by broad-based growth and a significant bottom-line beat. Consolidated net sales surged 22% year-over-year, driven by a 32% spike in hardware product sales and a 20% increase in services revenue. While gross margin contracted slightly by 30 basis points to 21.4% due to the product mix, the company raised its full-year 2026 adjusted EPS outlook to between $13.55 and $13.75, reflecting approximately 27% annual growth.
Key Highlights
- Infrastructure Hardware Surge: Hardware product net sales grew 32% year-over-year, with infrastructure-related hardware gross profit increasing more than 50%.
- Cloud and Services Momentum: Cloud gross profit expanded by 26% and Insight Core Services gross profit rose 21%, supporting the strategic shift toward higher-value solutions.
- Geographic Outperformance: APAC net sales more than doubled, increasing 104% year-over-year to $120 million, while North America maintained steady 22% growth.
- Guidance Raise: Management increased the full-year adjusted EPS midpoint to $13.65, up from previous projections, citing sustained momentum across strategic priorities.