# Insight Enterprises, Inc. (NSIT)

> Source: Nexqual · https://nexqual.com/NSIT · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Insight Enterprises, Inc. (NSIT), nexqual.com/NSIT" · informational, not investment advice.

**Price:** USD 171.27 (+0.05% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 171.19 · day 163.75–171.64 · 52w 63.62–177.34 · market cap $5.03B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $8.58B, net income $210M (2.5% margin), free cash flow $397M (SEC filings).
- Valuation: P/E 23.9x (avg 21.1x at the last 3 fiscal year-ends), EV/EBITDA 12.2x, net debt $1.11B.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $718K; 3 not under a Rule 10b5-1 plan ($718K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $200K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 163.75 (range 140–180).
- Total return with dividends: 1Y +58.3% vs S&P 500 +14.9%; 5Y +81.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 2.85, revenue estimate $2.15B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $9.44B | $10.4B | $9.18B | $8.70B | $8.25B | $8.58B |
| Gross profit | $1.45B | $1.64B | $1.67B | $1.77B | $1.76B | — |
| Operating income | $332M | $414M | $420M | $389M | $335M | $391M |
| Net income | $219M | $281M | $281M | $250M | $157M | $210M |
| EPS (diluted) | $5.95 | $7.66 | $7.55 | $6.55 | $4.86 | — |
| Free cash flow | $112M | $27.2M | $580M | $586M | $279M | $397M |
| Gross margin | 15.3% | 15.7% | 18.2% | 20.3% | 21.4% | — |
| Operating margin | 3.5% | 4.0% | 4.6% | 4.5% | 4.1% | 4.6% |
| Net margin | 2.3% | 2.7% | 3.1% | 2.9% | 1.9% | 2.5% |
| Revenue growth | +13.1% | +10.5% | -12.0% | -5.2% | -5.2% | — |
| Cash + short-term investments | $104M | $164M | $269M | $259M | $358M | — |
| Total debt | $362M | $292M | $593M | $531M | $1.36B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 23.9x · P/S 0.6x · EV/EBITDA 12.2x · EV/Sales 0.7x · P/FCF 12.7x · P/B 3.1x · FCF yield 7.89% · Earnings yield 4.19% · Buyback yield (TTM) 4.48% · Net debt $1.11B · EV $6.14B
P/E at fiscal year-ends: Dec 2025 16.7x, Dec 2024 23.2x, Dec 2023 23.5x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-28 | Adatia Karim | General Counsel | 248 | $39K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Ibarguen Anthony | Director | 4,000 | $619K | 18% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-29 | Adatia Karim | General Counsel | 559 | $60K | 69.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $200K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-11 | Morgado James A. | Chief Financial Officer | 2,290 | $200K | 87.25 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 163.75 (low 140, high 180).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-07 | JP Morgan | Target raised | Neutral | $135 → $160 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +58.3% | +81.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +58.5% | +12.7% |
| Volatility (annualized) | 45.8% | 34.1% |
| Max drawdown | -40.9% (Oct 2025→Mar 2026) | -70.8% (Jul 2024→Mar 2026) |

## Peers (Electronics & Computer Distribution)
AVT (Avnet, Inc.) USD 88.64 -4.82% · ARW (Arrow Electronics, Inc.) USD 209.4 -4.44% · CNXN (PC Connection, Inc.) USD 88.51 +0.89% · SNX (TD SYNNEX Corporation) USD 247.08 -1.62% · SCSC (ScanSource, Inc.) USD 59.96 -1.79% · CLMB (Climb Global Solutions, Inc.) USD 31.95 +1.98%

## More
Full page: https://nexqual.com/NSIT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NSIT's own 10-K filed 2026-02-12 (https://www.sec.gov/Archives/edgar/data/932696/000093269626000007/nsit-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Microsoft (MSFT) | "Our top five partners as a group for 2025 were Microsoft, TD Synnex (a distributor), Google, Cisco Systems and Ingram Micro (a distributor)." |
| Partner | Cisco (CSCO) | "Our top five partners as a group for 2025 were Microsoft, TD Synnex (a distributor), Google, Cisco Systems and Ingram Micro (a distributor)." |
| Partner | Alphabet (Google) (GOOGL) | "Our top five partners as a group for 2025 were Microsoft, TD Synnex (a distributor), Google, Cisco Systems and Ingram Micro (a distributor)." |
| Partner | ServiceNow (NOW) | "Infocenter is a pure-play ServiceNow Elite Partner dedicated to automating business processes on the Now Platform®." |
| Competitor | Accenture (ACN) | "•Systems integrators and digital consultants such as Accenture, Capgemini, Atos, HCL Technologies, Tata Consultancy Services and Infosys; and" |
| Competitor | Dell Technologies (DELL) | "We sometimes compete directly with publisher and manufacturer partners for many of these offerings, including Microsoft, Cisco Systems, Dell, HP Inc. and Adobe Systems." |
| Competitor | HP Inc. (HPQ) | "We sometimes compete directly with publisher and manufacturer partners for many of these offerings, including Microsoft, Cisco Systems, Dell, HP Inc. and Adobe Systems." |
| Competitor | Adobe (ADBE) | "We sometimes compete directly with publisher and manufacturer partners for many of these offerings, including Microsoft, Cisco Systems, Dell, HP Inc. and Adobe Systems." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $1.94B | 80.8% | +15.1% |
| EMEA | $375.2M | 15.6% | +7.6% |
| APAC | $85.6M | 3.6% | +46.2% |
| Total revenue | $2.40B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Products | $1.89B | 78.6% | +13.2% |
| Hardware | $1.29B | 53.9% | +20.3% |
| Services | $513.9M | 21.4% | +20.6% |
| Software | $278.1M | 11.6% | -7.5% |
| Total revenue | $2.40B | 100% | — |
The lines above cover 165.4% of total revenue.

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $6.21B | 75.3% | -6.0% |
| Other Foreign Countries | $1.35B | 16.4% | -1.3% |
| United Kingdom | $683.0M | 8.3% | -6.0% |
| Total revenue | $8.25B | 100% | — |

## Company outlook (8-K filed 2026-08-06)

- "Raising guidance for full year CHANDLER, AZ – August 6, 2026 – Insight Enterprises, Inc."
- "Insight Way Chandler, Arizona 85286 800.467.4448 FAX 480.760.8958 GUIDANCE For the full year 2026, we are raising our gross profit growth expectations to 8% to 10% and expect gross margin to be between 21.5% and 22.0%."
- "We now expect our Adjusted diluted earnings per share to be between $12.20 and $12.70."
- "This outlook assumes: • interest and other expenses of approximately $95 million; • an effective tax rate of 25.5% to 26.5% for the full year; • capital expenditures between approximately $20 million and $30 million; • an average share count for the full year of approximately 30.0 million shares."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.85 | $2.59 | +9.9% | $2.15B | 4 |
| Next quarter (ends 2026-12-31) | $2.92 | $2.94 | -0.7% | $2.16B | 4 |
| Current fiscal year (ends 2026-12-31) | $12.50 | $11.06 | +13.0% | $8.83B | 4 |
| Next fiscal year (ends 2027-12-31) | $13.25 | $11.90 | +11.4% | $9.17B | 4 |