Quarterly ResultMay 7, 2026, 02:34 PM
Insight Enterprises Q1 Net Earnings $30.0M; Diluted EPS $0.97
AI Summary
Insight Enterprises reported significantly increased net earnings of $30.0 million for the three months ended March 31, 2026, up from $7.5 million in the prior year. Diluted EPS rose to $0.97 from $0.22. Total net sales increased slightly to $2.13 billion, driven by strong growth in services revenue. The company also amended its ABL facility, increasing borrowing capacity to $2.0 billion and extending maturity, and continued its share repurchase program with $224 million remaining.
Key Highlights
- Net earnings surged to $30.0 million for Q1 2026, a 299% increase from $7.5 million in Q1 2025.
- Diluted EPS rose to $0.97 in Q1 2026, up from $0.22 in Q1 2025.
- Total net sales increased 1.2% to $2.13 billion in Q1 2026, from $2.10 billion year-over-year.
- Services net sales grew 16.6% to $461.4 million in Q1 2026, from $395.8 million in Q1 2025.
- Gross profit increased 13.7% to $462.2 million in Q1 2026, from $406.5 million in Q1 2025.
- ABL facility maximum borrowing increased to $2.0 billion, with maturity extended to December 19, 2030.
- $224 million remained available for share repurchases under the authorized $299 million program.
- Cash and cash equivalents stood at $440.6 million as of March 31, 2026.
Price Impact
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