What is the market's earnings forecast for Insight Enterprises next quarter?

What were the key takeaways from Insight Enterprises's earnings call?

What guidance did Insight Enterprises's management provide for the next earnings period?

What is the revenue and EPS growth rate for Insight Enterprises year over year?

What factors drove the changes in Insight Enterprises's revenue and profit?

What were the key takeaways from Insight Enterprises’s earnings call?

What is Insight Enterprises's gross profit margin?

Did Insight Enterprises beat or miss consensus estimates last quarter?

- **Q4 2025 Performance**: Gross profit up 9% ($495M cloud, $320M core services), despite 1% revenue decline. EMEA growth and AI platform Prism highlight strategic momentum.
- **2026 Outlook**: Low single-digit gross profit growth, EPS $10.10-$10.60. Focus on cloud, AI, and infrastructure amid macroeconomic caution.
- **Key Risks**: Memory price increases (15%-25%), device elasticity, and partner program tail impacting H2 cloud growth.
- **AI Opportunity**: Repeatable data center projects and AI skills investment driving long-term growth.

**【CEO Summary Section】**
- **Q4 2025 Results**: Revenue down 1% due to on-prem software migration to cloud, but gross profit grew 9% to $495M (cloud) and 16% in core services ($320M). EMEA led growth with UAE/Saudi Arabia demand. AI platform Prism launched, driving client engagement and cross-selling opportunities.
- **2026 Outlook**: Cautious optimism with subdued spending, but focus on cloud modernization, AI adoption, and infrastructure for AI readiness. Gross margin expected to remain stable at 21%, with EPS guidance of $10.10-$10.60 (excluding stock-based comp).

**【CFO Financial Commentary】**
- **Q4 2025 Financials**: Net revenue $2B (-1%), adjusted EPS $2.96 (+11%). Cloud gross profit +11% (SaaS/IaaS growth), core services +16% (acquisitions/organic). Gross margin 23.4% (+220bps). 2025 full year: Gross profit flat, margin +110bps to 21.4%, EPS $9.87 (+2%).
- **2026 Guidance**: Gross profit low single-digit growth, EPS $10.10-$10.60. Hardware growth constrained by component costs, core services high single-digit growth, cloud low double-digit. Share buybacks resume Q1 with $75M target.

**【Q&A Key Highlights】**
- **Guidance Rationale**: 2026 weighted towards first half due to partner program tail (Google solution line), cloud growth stronger in H1. Memory price increases (~15%-25%) expected to impact device elasticity and infrastructure spending.
- **AI & Data Centers**: Repeatability of AI-optimized data center projects driven by multi-cloud needs, with Cisco AI Factory adoption. AI skills development and supply chain navigation key differentiators.
- **Market Share**: Devices and infrastructure in line with market, cloud slightly ahead. AI talent acquisition and internal training programs support demand growth.

Insight Enterprises, Inc. (NSIT) Q4 2025 Earnings Call Transcript

- **Adjusted EPS growth**: 11% to $2.43, supported by cloud and expense control.
- **Cloud momentum**: Gross profit +7%, offsetting macro challenges.
- **Strategic M&A**: $342M acquisitions to enhance AI and security.
- **2026 outlook**: AI adoption, PC refresh, and services recovery.
- **Risk**: Large enterprise spending delays, macro uncertainty.

**【CEO Summary Section】**
- Adjusted diluted earnings per share (EPS) grew 11% to $2.43, driven by strong cloud performance and disciplined expense management.
- Commercial revenue increased 5%, offsetting a 3% decline in core services due to macro uncertainty.
- Record gross margin of 21.7% was achieved, with cloud gross profit up 7%.
- Acquisitions of Inspire 11 ($212M) and Sekuro ($130M) to bolster AI and cybersecurity capabilities.
- 2026 outlook includes AI adoption acceleration, PC refresh cycle, and services growth.

**【CFO Financial Commentary】**
- Net revenue of $2B (-4% YoY) due to on-prem software migration; hardware revenue +1%.
- Adjusted EBITDA of $137M (+6%), with margin expansion to 6.8%.
- Cloud gross profit $130M (+7%), offsetting hardware gross profit decline (-5%).
- Cash flow from operations $249M; share repurchases $75M; $149M remaining under buyback program.
- 2025 guidance: adjusted EPS $9.60-$9.90, gross margin ~21%.

**【Q&A Highlights】**
- Large enterprise spending delays persist, but services bookings improving.
- Cloud growth (+7%) resilient despite partner program changes; 2026 cloud gross profit expected flat/slightly up.
- Acquisitions of Inspire 11 and Sekuro to be EBITDA accretive by end-2026, EPS dilutive in 2025.
- AI strategy focuses on outcome-based pricing, automation, and client zero governance framework.
- Hardware sluggishness due to macro uncertainty; PC refresh cycle expected to continue.


Insight Enterprises, Inc. (NSIT) Q3 2025 Earnings Call Transcript

- **Record Margins in Q2**: Gross margin 21.1%, EBITDA margin 6.2%, both Q2 highs. Hardware revenue +2%, commercial clients +8%.
- **AI-Driven Growth**: 200+ AI assessments, $7.5M savings for retail client. Gartner recognizes as generative AI visionary.
- **Financial Resilience**: Adjusted EPS $2.45, flat YoY. H2 guidance: gross profit flat, EPS $9.70-$10.10. OpEx growth slower than revenue.
- **Key Risks**: Partner program headwinds ($70M gross impact in 2025), large enterprise spending delays, macroeconomic uncertainty.
- **Strategic Focus**: AI-first solutions, M&A in cloud/data, and internal AI adoption for efficiency gains.

**【CEO Summary Section】**
- **Q2 Performance Highlights**: Total gross margin of 21.1% and adjusted EBITDA margin of 6.2%, both Q2 records. Hardware revenue grew 2% (4% in North America), with commercial clients up 8% for the fifth consecutive quarter. Cloud gross profit declined 5% due to partner program changes.
- **AI Strategy Momentum**: Deployed hundreds of AI agents internally and for clients, completed over 200 AI assessments, and achieved 7.5M annual savings for a retail client. Named an "emerging visionary" by Gartner for generative AI services.
- **Future Outlook**: Cautiously optimistic for H2 with normalized partner program impacts. Hardware demand expected to grow, services to improve modestly, and cloud to stabilize. Focus on M&A in cloud, data, AI, edge, and security.

**【CFO Financial Commentary】**
- **Q2 Financials**: Net revenue $2.1B (-3% YoY), adjusted EPS $2.45 (flat YoY). Gross profit $442M (-2%), driven by cloud headwinds. Adjusted EBITDA $138M (-2%), margin 6.6%. Cash flow from operations $177M, with $300-400M expected annually.
- **Guidance 2025**: Gross profit flat YoY, adjusted EPS $9.70-$10.10. Hardware gross profit to grow mid-single digits, core services low single digits, cloud flat to down. OpEx growth slower than gross profit.
- **Liquidity**: $1.3B total debt, $224M remaining under share repurchase program. Settled $333M convertible notes, 1.2M warrants outstanding.

**【Q&A Key Highlights】**
- **Gross Profit Growth Drivers**: Hardware acceleration (Q2 +2%), cloud IaaS/SaaS growth, and core services modest pickup. No material pull-in effects seen.
- **Cost Management**: OpEx down 3% YoY in Q2, 4% in H1. Productivity gains from AI adoption (e.g., 100%+ software dev efficiency). Headcount held flat while services grow.
- **Services Delays**: Large enterprises delaying infrastructure projects due to macro uncertainty and AI investment prioritization. AI MVP projects growing but small-scale.
- **Cloud Growth**: Underlying IaaS/SaaS +17% YoY in Q1, similar pace in Q2. H2 cloud performance to improve with mid-market pivot and easier comps.
- **SADA Performance**: Services expansion outperforming expectations, cross-sell opportunities with multi-cloud clients.
- **Public Sector Impact**: State/local gov and higher ed revenue down due to netting, but services momentum strong. Federal contract shifts creating new opportunities.
- **AI Talent Strategy**: Dual focus on M&A (e.g., cloud/data/AI acquisitions) and internal upskilling programs for existing employees.


Insight Enterprises, Inc. (NSIT) Q2 2025 Earnings Call Transcript

- **Hardware Recovery**: 1% YoY growth in hardware revenue, first in 10 quarters, driven by servers/storage.\n- **Cloud Resilience**: SaaS/IaaS +17% YoY despite enterprise cloud pivot.\n- **Profitability Pressure**: Adjusted EPS down 13% YoY, but 5% opex reduction cushions impact.\n- **FY25 Outlook**: Hardware +mid-single, cloud flat/down, services recovery in H2.\n- **AI Growth Engine**: 17% SaaS/IaaS growth; AI solutions like Sherlock/Google Cloud expanding.\n- **Risk Management**: Tariffs >25% could mute demand; disciplined cost control (+5% opex reduction).

**【CEO Opening Remarks】**
- Q1 2025 revenue was $2.1 billion, down 12% YoY due to on-prem software decline and partner program changes. Hardware revenue increased 1% YoY, the first growth in 10 quarters, driven by servers and storage. Cloud gross profit (excluding partner changes) grew 17% YoY.\n- Gross margin improved 80bps to 19.3% due to lower on-prem software mix. Adjusted EBITDA was $111 million (-16% YoY) and adjusted EPS was $2.06 (-13% YoY).\n- FY25 outlook: hardware gross profit +mid-single digits, cloud flat/slightly down, services recovery in H2.\n\n**【CFO Financial Details】**
- Q1 GAAP net income: $420 million. Non-GAAP EPS: $2.06 (vs. $2.38 YoY).\n- Hardware gross profit down 1% YoY due to networking mix. Devices gross profit +mid-single digits, infrastructure -high-single digits.\n- Cloud gross profit (-3% YoY) impacted by Microsoft enterprise agreements and Google Cloud pivot to mid-market.\n- Operating expenses (-5% YoY) driven by Q4 restructuring.\n- FY25 guidance: gross profit +low-single digits, EPS $9.70-$10.10.\n\n**【Q&A Key Takeaways】**
1. **Hardware Momentum**: Q2 bookings indicate continued device refresh and AI infrastructure spending.\n2. **Services Lag**: Large enterprises delaying projects amid macro uncertainty.\n3. **Tariff Impact**: OEMs cautious on pricing; 10% tariffs could be neutral, >25% would mute demand.\n4. **Cost Management**: Disciplined SG&A growth <GP; focus on sales/technical talent.\n5. **AI Investment**: Expanding AI solutions (e.g., Sherlock/Google Cloud) with 17% SaaS/IaaS growth.\n6. **Acquisition Integration**: Recent acquisitions driving +14.9% ROIC (vs. 18% YoY).

Insight Enterprises (NSIT)-1 May 25-2025 Q1 Earnings call transcript

- **Q4 Growth Drivers**: 12% Core Services growth, hardware devices up mid-single digits, gross margin +170bps to 21.2%.
- **2025 Outlook**: Low single-digit gross profit growth, EPS $9.70-$10.10. Hardware refresh in 2025-2026, cloud flat/down due to $70M enterprise agreement impact.
- **Strategic Wins**: New Microsoft, Google, AWS partnerships. Cross-sell programs and AI infrastructure investments driving multi-cloud solutions.
- **Financial Discipline**: $25M SG&A savings, OpEx growth slower than gross profit. 2025 cash flow $300-400M, settling convertible notes to reduce financing costs.

**【CEO Summary Section】**
- **Q4 Financial Highlights**: Gross profit increased 1%, driven by 12% growth in Insight Core Services and modest hardware/cloud gains. Hardware gross profit grew for the first time in 8 quarters, with devices up mid-single digits.
- **2025 Outlook**: Anticipate device refresh cycle momentum, with corporate and large enterprise clients delaying until 2025-2026. Cloud and services growth expected, with $70M impact from Google/Microsoft enterprise agreement changes. AI infrastructure investments to support hybrid/multi-cloud needs.
- **Strategic Initiatives**: Cross-sell programs, nearshore/offshore capabilities, and e-commerce platform upgrades to enhance client engagement. New partnerships with Microsoft, Google, and AWS strengthen cloud/data/AI solutions.

**【CFO Financial Commentary】**
- **Q4 Results**: Net revenue $2.1B (-7%), adjusted EPS $2.66 (-11%). Gross margin expanded 170bps to 21.2%. Cash flow from operations $215M, with $633M annualized.
- **2024 Full Year**: Gross profit up 6%, gross margin +210bps to 20.3%. Cloud gross profit +21%, Core Services +15%. Adjusted EBITDA margin +50bps to 6.2%.
- **2025 Guidance**: Gross profit growth low single digits, adjusted EPS $9.70-$10.10 (+0-4%). Hardware gross profit expected mid-single digits, Core Services 16-20% growth. Cloud flat to down due to enterprise agreement declines, but mid-teens growth excluding $70M impact.
- **Liquidity**: $864M debt, $1.8B ABL capacity. Settling $333M convertible notes via ABL, reducing long-term financing costs.

**【Q&A Key Themes】**
- **Cloud Program Changes**: $70M impact from Google/Microsoft enterprise agreements, offset by CSP pivot and cloud commerce platform improvements. Microsoft supporting CSP as hero motion for SMBs.
- **OpEx Management**: $25M annualized SG&A reductions, headcount focus on sales/tech talent. 2025 OpEx growth slower than gross profit, with acquisitions nearing anniversary normalization.
- **Hardware Growth**: Commercial device demand up 3Q, public sector improvement. Expect corporate/enterprise refresh in 2H25, servers/networking equipment upgrades driving infrastructure growth.
- **Tariffs & Risks**: Minimal tariff impact modeled, with pass-through to clients. 2025 outlook assumes stable macroeconomic conditions, no material tariff changes.
- **Cash Flow**: 2025 cash flow $300-400M, returning to historical range as hardware growth resumes. 2024 buybacks $200M, $300M remaining under share repurchase program.

Actual											1.3	1.75	1.38	1.76	1.3	1.91	1.87	2.03	1.81	2.78	1.99	2.53	1.78	2.56	2.37	2.98	2.37	2.46	2.19	2.66	2.06	2.45	2.43	2.96
Forecast											1.1425	1.006	1.1226	1.4967	1.426	1.865	1.675	1.985	1.595	2.056	1.928	2.118	1.8574	2.7088	2.328	3.0566	1.8112	2.818	2.3109	2.5247	2.0089	2.4667	2.47	2.841
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+13.79%	+73.96%	+22.93%	+17.59%	-8.84%	+2.41%	+11.64%	+2.27%	+13.48%	+35.21%	+3.22%	+19.45%	-4.17%	-5.49%	+1.80%	-2.51%	+30.85%	-12.70%	-5.23%	+5.36%	+2.54%	-0.68%	-1.62%	+4.19%

Actual	--	--	--	--	--	--	--	--	--	--	2.14B	1.97B	1.94B	2.29B	2.19B	2.23B	2.45B	2.57B	2.65B	2.74B	2.53B	2.50B	2.32B	2.35B	2.27B	2.24B	2.38B	2.16B	2.09B	2.07B	2.10B	2.09B	2.00B	2.05B
Forecast	--	--	--	--	--	--	--	--	--	--	2.17B	1.98B	2.01B	2.11B	2.15B	2.21B	2.16B	2.45B	2.41B	2.53B	2.59B	2.61B	2.53B	2.43B	2.36B	2.41B	2.30B	2.47B	2.23B	2.10B	2.19B	2.15B	2.15B	2.08B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.06%	-0.80%	-3.64%	+8.35%	+1.83%	+1.04%	+13.24%	+4.87%	+10.15%	+8.38%	-2.19%	-4.16%	-8.06%	-3.42%	-3.89%	-7.06%	+3.53%	-12.37%	-6.47%	-1.44%	-4.07%	-2.92%	-6.99%	-1.46%

NSIT

NSIT fundamentals

NSIT Q4 2025 Earnings

Earnings Call

You can ask Aime

NSIT

NSIT fundamentals

NSIT Q4 2025 Earnings

Earnings Call

NSIT Earnings Call Summary for Q4/20259:00 AM on Feb 5, 2026

NSIT Earnings Call Summary for Q3/20259:00 AM on Oct 30, 2025

NSIT Earnings Call Summary for Q2/20259:00 AM on Jul 31, 2025

NSIT Earnings Call Summary for Q1/20259:00 AM on May 1, 2025

NSIT Earnings Call Summary for Q4/20249:00 AM on Feb 6, 2025

You can ask Aime