Insight Enterprises reported second quarter net sales of $2.4 billion, a 15% increase year-over-year that surpassed analyst expectations. Adjusted diluted EPS was $3.86, up 44% from the prior year and also significantly beating consensus estimates. The strong performance prompted the company to raise its full-year guidance.
Key Highlights
- Gross profit grew 18% year-over-year to $521.6 million, with gross margin expanding 60 basis points to 21.7%.
- Services revenue showed significant strength, increasing 21% year-over-year, while services gross profit surged 27%.
- Hardware product sales increased 21% year-over-year, offsetting a 6% decline in software product sales.
- The company raised its full-year 2026 outlook for adjusted diluted EPS to a range of $12.20 to $12.70, up from its previous guidance.