Insight Enterprises, Inc. (NSIT)

Insight Enterprises, an IT solutions provider, reported on 6 August 2026 that second-quarter net sales rose 15 percent from a year earlier to $2.4 billion 1. Gross profit, sales minus the direct cost of what was sold, rose 18 percent to $521.6 million, and gross margin widened to 21.7 percent 1.

Net earnings rose 65 percent to $77.6 million, or $2.57 per diluted share 1. The company said growth was broad, with strength in cloud, infrastructure and services driven by AI demand 1.

Hardware net sales rose 21 percent while software net sales fell 6 percent 1. Cloud gross profit, the margin on cloud subscriptions it resells and services around them, rose 39 percent 1.

Jack Azagury became chief executive on 13 April 2026, replacing Joyce Mullen 4. He described a three-year plan, the One Insight Plan, on the results call 5.

Insight began operations in Arizona in 1988, incorporated in Delaware in 1991 and listed on a stock exchange in 1995 through an initial public offering 3. It entered Canada in 1997 and the United Kingdom in 1998 3.

It then grew by buying firms 3. In 2023 it added Amdaris, a software development firm, and SADA, a Google cloud partner 3. In 2024 it added Infocenter, a ServiceNow specialist, and New World Tech, a consultancy 3.

Net sales of $8.2 billion in 2025 were 5 percent lower than in 2024 3. Software sales in North America fell 27 percent, mainly because 2024 held a large multiyear deal with no match in 2025 3.

Two other causes were vendors moving Insight from seller to agent, which books only a fee as sales, and the shift of software from on-site installs to cloud, also booked net 3.

Gross margin reached a record 21.4 percent, up about 110 basis points, as services grew in share 3. Net earnings were $157.3 million against $249.7 million in 2024, and diluted earnings per share were $4.86 against $6.55 3.

Severance and restructuring costs were $37.1 million in 2025 3. The company also bought Inspire11, an AI and data firm, on 1 October 2025, and Sekuro, a cybersecurity firm in Asia-Pacific, in 2025 3.

In the first half of 2025 it repaid $333.1 million on convertible notes that matured 2. An 8-K/A said Mullen would retire as chief executive, as first disclosed in an earlier 8-K 4.

What it sells

Insight is a solutions integrator: it resells hardware and software from other makers and sells its own services to tie them together 3. It names five areas of expertise: hybrid multicloud, cybersecurity, data and AI, digital workplace and devices, and intelligent applications 3.

In North America in 2025, hardware sales were $4.1 billion, software $1.3 billion and services $1.3 billion 3. In the second quarter, services net sales rose 21 percent and Insight Core services gross profit, its own delivery work, rose 21 percent 1.

It launched Insight Managed Exposure Defense, a managed security offering for AI-driven cyber risk, and is a launch partner for Microsoft 365 E7 5.

Where the sales come from

North America made 81 percent of sales in 2025, EMEA (Europe, Middle East and Africa) 16 percent and Asia-Pacific 3 percent 3. In the second quarter, those regions grew 15, 8 and 46 percent 1.

Partners and rivals

Microsoft products made about 17 percent of 2025 sales, and Microsoft supplied about 32 percent of purchases 3. The top five makers together made about 50 percent of sales 3.

The 10-K names rivals among integrators such as Accenture and Capgemini and among resellers such as CDW, Presidio, World Wide Technology, SHI and Computacenter 3.

People and places

Azagury is chief executive and James Morgado is chief financial officer 45. Stockholders elected ten directors on 13 May 2026 and voted to remove supermajority voting rules 8.

Insight employed 14,505 people at the end of 2025, and its Chandler, Arizona headquarters is owned 3. It holds about 1.5 million square feet of office and warehouse space, 73 percent in the United States 3.

Open problems

The 10-Q reports no material pending legal proceedings 2. On the call, management said it remained cautious about the fourth quarter because of memory-price increases, supply-chain disruption and economic uncertainty 5.

The umbrella, in words

Insight Enterprises, Inc. is the parent, and its subsidiaries exhibit lists, among others, Amdaris Group Ltd., Calence, LLC, Cardinal Solutions Group, Inc., BlueMetal Architects, Inc. and Hanu Software Solutions, LLC 7.

The latest proxy statement lists holders of more than 5 percent as of 27 February 2026: BlackRock with 14.31 percent, Vanguard 13.26 percent, FMR 10.47 percent and Morgan Stanley 8.16 percent 6. Directors and officers as a group held 1.21 percent 6.

The company said in its 6 August 2026 release that it expects full-year 2026 gross profit growth of 8 to 10 percent and gross margin of 21.5 to 22.0 percent 1. It expects adjusted diluted earnings per share of $12.20 to $12.70 1.

The outlook assumes interest and other expenses of about $95 million, a tax rate of 25.5 to 26.5 percent, capital spending of $20 million to $30 million and about 30.0 million shares 1.

MarketBeat reported that management kept its operating cash flow expectation of $300 million to $400 million and plans to use the remaining $149 million buyback authorization before year-end 5. It reported that mergers and acquisitions stay paused 5.

The One Insight Plan has three pillars: more investment in AI infrastructure and AI services, a common global operating model, and a talent strategy 5. Management also said it plans to turn its top 10 services into set products over the coming months 5.

Management called the fourth quarter its expected lowest adjusted earnings growth quarter of the year 5.