Insight Enterprises, Inc.
- Open
- 151.61
- Day high
- 152.40
- Day low
- 149.21
- Prev close
- 150.63
- Volume
- 159K
- Mkt cap
- $4.5B
- P/E (TTM)
- 22.2
- EPS (TTM)
- $6.85
- P/B
- 2.8
- P/S
- 0.5
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$679K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Insight Enterprises, Inc. (NSIT) is a Technology company listed on NASDAQ. The stock is up 17% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering NSIT.
Insight Enterprises, Inc. (NSIT) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NSIT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $2.93 | $3.86 | +31.9% | $2.4B | +10.5% |
| May 7, 2026 | $2.44 | $2.88 | +17.9% | $2.1B | +0.5% |
| Feb 5, 2026 | $2.81 | $2.96 | +5.2% | $2.0B | -0.5% |
| Oct 30, 2025 | $2.48 | $2.43 | -2.0% | $2.0B | -3.2% |
| Jul 31, 2025 | $2.48 | $2.45 | -1.4% | $2.1B | -6.1% |
| May 1, 2025 | $2.04 | $2.06 | +1.1% | $2.1B | -1.8% |
| Feb 6, 2025 | $2.54 | $2.66 | +4.6% | $2.1B | -1.6% |
| Oct 31, 2024 | $2.38 | $2.19 | -7.9% | $2.1B | -6.8% |
| Aug 1, 2024 | $2.82 | $2.46 | -12.8% | $2.2B | -11.8% |
| May 2, 2024 | $1.81 | $2.37 | +30.8% | $2.4B | +4.1% |
| Feb 15, 2024 | $3.05 | $2.98 | -2.4% | $2.2B | -6.8% |
| Nov 2, 2023 | $2.33 | $2.37 | +1.9% | $2.3B | -4.2% |
NSIT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 17, 2026 | IBARGUEN ANTHONYdirector | Sell | 4,000 | $154.83 |
| Jun 2, 2026 | Adatia Karimofficer: General Counsel | Sell | 559 | $107.40 |
| May 26, 2026 | Rishi Girish Ddirector | Option | 320 | — |
| May 26, 2026 | CROWN TIMOTHY Adirector | Option | 320 | — |
| May 26, 2026 | Armstrong Brucedirector | Option | 320 | — |
| May 26, 2026 | IBARGUEN ANTHONYdirector | Option | 320 | — |
| May 26, 2026 | COURAGE CATHERINEdirector | Option | 320 | — |
| May 26, 2026 | ALLEN RICHARD Edirector | Option | 320 | — |
| May 26, 2026 | Breard Linda M.director | Option | 320 | — |
| May 19, 2026 | IBARGUEN ANTHONYdirector | Option | 405 | — |
| May 19, 2026 | Armstrong Brucedirector | Option | 405 | — |
| May 19, 2026 | CROWN TIMOTHY Adirector | Option | 405 | — |
| May 19, 2026 | ALLEN RICHARD Edirector | Option | 405 | — |
| May 19, 2026 | Rishi Girish Ddirector | Option | 405 | — |
| May 19, 2026 | COURAGE CATHERINEdirector | Option | 405 | — |
Source: NSIT SEC Form 4 filings, latest Aug 17, 2026. For informational purposes only — not investment advice.
See the full NSIT insider & 13F page →Insight Enterprises, Inc. company profile
Overview
Insight Enterprises, Inc. (NASDAQ:NSIT) is a technology solutions integrator founded in 1988 and headquartered in Tempe, Arizona. The company went public in 1995 and has evolved from a traditional IT hardware distributor into a comprehensive solutions provider focused on digital transformation. Insight operates across North America, Europe, the Middle East, Africa, and Asia-Pacific, serving clients ranging from small businesses to large enterprises across various industries including healthcare, financial services, manufacturing, and government sectors.
Business
Insight Enterprises operates in the technology distribution and solutions integration industry, serving as an intermediary between technology vendors and end customers. The company's core business revolves around three main revenue streams that work together to provide comprehensive IT solutions. Hardware and Product Sales represents the traditional foundation of the business, involving the procurement, configuration, and distribution of IT equipment including servers, networking equipment, storage systems, and endpoint devices like laptops and desktops. This segment has faced headwinds in recent years due to delayed hardware refresh cycles, particularly in enterprise markets, though it still generates the majority of revenue. Cloud Solutions has become the fastest-growing segment, generating approximately $484 million in gross profit in 2024 (representing roughly 21% growth). This includes cloud enablement services, migration assistance, and ongoing management of multi-cloud environments across platforms like Microsoft Azure, Amazon Web Services, and Google Cloud Platform. The company helps organizations transition from on-premises infrastructure to cloud-based solutions and optimize their cloud spending and architecture. Insight Core Services encompasses a broad range of professional and managed services including cybersecurity solutions, data and AI consulting, DevOps implementation, digital strategy consulting, and ongoing technical support. This segment generated approximately $320 million in gross profit in 2024 with 15% growth, representing the company's shift toward higher-margin, recurring revenue streams. The company has strengthened its services capabilities through strategic acquisitions, including SADA (Google Cloud consultancy), Amdaris (cloud and application modernization), and InfoCenter, which have expanded its technical expertise and geographic reach.
Revenue model
Insight Enterprises operates a multi-faceted business model that generates revenue through several complementary channels. The primary revenue source comes from product sales, where the company acts as a value-added reseller, purchasing hardware and software from manufacturers like Dell, HP, Cisco, and Microsoft, then reselling these products to end customers with additional configuration, integration, and support services. The company earns margins on these sales, typically ranging from 15-21% gross margin depending on the product mix and services attached. The services revenue model includes both project-based consulting fees and recurring managed services subscriptions. Cloud services generate revenue through implementation projects, ongoing management fees, and commissions from cloud platform partners. Professional services are typically billed on a time-and-materials or fixed-price project basis, while managed services operate on monthly or annual subscription models. Software licensing and maintenance represents another revenue stream, where Insight helps customers procure software licenses and provides ongoing support services, earning both initial sales commissions and recurring maintenance fees. The company's paying customers span from small-to-medium businesses to large enterprises and government entities. Commercial customers (smaller businesses) have shown more resilience in recent quarters, while enterprise and corporate segments have been more cautious with IT spending due to macroeconomic uncertainties. Several factors influence Insight's margins and profitability. Positive margin drivers include the ongoing shift toward higher-margin services, successful cost reduction initiatives (the company implemented $25 million in annualized expense reductions), and strong partnerships with major technology vendors that provide favorable pricing and rebates. Negative margin pressures come from intense competition in hardware distribution, potential tariff impacts on imported technology products, changes in vendor partner programs (such as Microsoft's enterprise agreement modifications that impacted $70 million in revenue), and macroeconomic factors that reduce customer IT spending and extend sales cycles.
Competitive moat
Insight Enterprises operates in a highly competitive technology distribution industry with relatively modest structural moats. The company's primary competitive advantages stem from its established vendor relationships and technical expertise rather than insurmountable barriers to entry. The company's strongest moat elements include its deep partnerships with major technology vendors like Microsoft, Google, AWS, and traditional hardware manufacturers. These relationships provide access to favorable pricing, early product information, technical support, and co-marketing opportunities that would be difficult for new entrants to replicate quickly. Insight's scale also enables it to negotiate better terms and maintain inventory levels that smaller competitors cannot match. Technical expertise and certifications represent another defensive position, particularly in complex areas like multi-cloud architecture, cybersecurity, and AI implementation. The company's recent acquisitions have strengthened this expertise, and the technical knowledge required to design and implement enterprise-scale solutions creates some customer stickiness. However, the moat is not particularly wide or durable. The technology distribution industry faces ongoing disintermediation threats as vendors increasingly sell directly to customers or through simplified online channels. Cloud vendors like AWS and Microsoft have been reducing partner margins and changing program structures, as evidenced by the $70 million revenue impact from Microsoft's enterprise agreement changes. Competitive threats come from multiple directions: large systems integrators like Accenture and IBM that can offer more comprehensive services, specialized cloud consultancies that focus on specific platforms, direct sales from technology vendors, and emerging AI-powered solutions that could automate many of the services Insight currently provides manually. The company's transformation toward higher-value services is necessary but faces intense competition from both traditional IT services firms and newer, more specialized players. The competitive landscape suggests Insight's moat is narrow and requires continuous investment in capabilities and relationships to maintain its position.
Risks & safety
Insight Enterprises presents a moderate margin of safety profile with solid financial fundamentals but some areas of concern. Overall Assessment: The company maintains adequate liquidity and manageable debt levels, though profitability has been under pressure from market headwinds. • Liquidity and Solvency: Strong current ratio of 1.23, cash position of $322 million, and positive free cash flow of $71 million in Q1 2025. Operating cash flow remains positive at $78 million quarterly. • Debt Management: Debt-to-equity ratio of 0.60 is reasonable for the industry, though higher than historical levels due to acquisition financing. • Profitability Metrics: Net income margins remain thin at 0.4% in Q1 2025, though EBITDA margins are healthier at approximately 3%. Return on equity of 0.5% is concerningly low. • Valuation Concerns: EV/EBITDA of 22.5x appears elevated, particularly given the challenging operating environment. Price-to-book ratio of 3.0x suggests limited asset-based downside protection. • Other Considerations: The company's transformation strategy carries execution risk, and exposure to cyclical IT spending patterns creates earnings volatility. However, strong free cash flow generation and diversified revenue streams provide some stability.
Recent development
Over the past few years, Insight Enterprises has undergone a significant strategic transformation from a traditional hardware distributor to a comprehensive solutions integrator. The company's most notable strategic pivot has been its aggressive expansion into higher-margin services through both organic investment and strategic acquisitions. Key acquisitions have reshaped the company's capabilities, including SADA (a Google Cloud consultancy), Amdaris (cloud and application modernization focused in the UK), and InfoCenter, which collectively enhanced the company's cloud services expertise and geographic reach. However, the SADA acquisition has faced integration challenges, requiring a strategic pivot from enterprise-focused to corporate and mid-market cloud solutions. The company has significantly expanded its cloud and AI capabilities, launching generative AI offerings and developing specialized solutions for clients across various industries. Cloud services have become the fastest-growing segment, with gross profit increasing 21% in 2024 to $484 million. The company has strengthened partnerships with major cloud providers including Microsoft, Google Cloud, and AWS, though it has faced headwinds from partner program changes, particularly Microsoft's enterprise agreement modifications. Operational efficiency initiatives have been a major focus, with the company implementing $25 million in annualized cost reductions through offshoring, automation, and organizational restructuring. These efforts aim to improve margins while the company navigates a challenging hardware market environment. The company has also invested heavily in digital transformation capabilities, developing expertise in areas like cybersecurity, data analytics, edge computing, and IoT solutions. This strategic shift reflects management's recognition that traditional hardware distribution faces ongoing margin pressure and disintermediation risks, requiring a move toward more consultative, high-value services that are harder for vendors to bypass.
NSIT company profile · for informational purposes only — not investment advice.
Track NSIT with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free