Insight Enterprises
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Insight Enterprises (NSIT) investor relations material

Insight Enterprises Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary5 Feb, 2026

Executive summary

  • Achieved record gross profit and margin in Q4 2025, driven by strong cloud and core services growth, despite a 1% revenue decline year-over-year.

  • FY 2025 net sales were $8.2B, down 5% year-over-year, with gross profit flat at $1.8B and gross margin up 110 bps to 21.4%.

  • Adjusted diluted EPS for FY 2025 was $9.87, up 2% year-over-year; Q4 adjusted diluted EPS rose 11% to $2.96.

  • Integrated acquisitions enhanced advisory, data, AI, and cybersecurity capabilities; launched Prism AI platform and received multiple industry and partner awards.

  • Operating cash flow for FY 2025 was $304M, supporting continued investment and financial flexibility.

Financial highlights

  • Q4 2025 net sales: $2.0B, down 1% YoY; gross profit up 9% to $478M; gross margin up 220 bps to 23.4%.

  • Q4 cloud gross profit: $138M, up 11%; core services gross profit: $90M, up 16%.

  • FY 2025 cloud gross profit: $495M, up 2%; core services gross profit: $320M, up 2%.

  • FY 2025 adjusted EBITDA: $543M (flat YoY), margin 6.6%; adjusted EFO: $504M (flat YoY).

  • FY 2025 adjusted diluted EPS: $9.87, up 2%; cash flow from operations: $304M; adjusted free cash flow: $279M.

Outlook and guidance

  • FY 2026 guidance: gross profit growth in low single digits, gross margin ~21%.

  • Adjusted diluted EPS expected at $10.10–$10.60 (including stock-based comp) and $11.00–$11.50 (excluding stock-based comp), ~5% growth at midpoint.

  • Cash flow from operations expected at $300M–$400M; capex $20M–$30M; effective tax rate 25.5%–26.5%.

  • Hardware gross profit expected flat; core services gross profit to grow high single digits; cloud gross profit to grow low double digits.

  • EPS growth weighted to first half of 2026; cloud and hardware stronger in H1, with a tail impact from partner program changes in H2.

What drives 2026 EPS growth H1 weighting?
How does Prism simplify client AI adoption?
Memory price hike impact on device demand?
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Frequently asked questions

Insight Enterprises Inc provides information technology solutions including hardware, software, cloud services, and consulting. The company serves corporate, public sector, and small-to-medium business clients globally with digital transformation and IT lifecycle services. It is headquartered in Chandler, Arizona, and its shares are listed on the NASDAQ.

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