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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.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.
- TimeTickerHeadlineOpen
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Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
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