Insight Enterprises (NSIT)
Market Price (10/20/2026): $163.76 | Market Cap: $4.9 BilSector: Information Technology | Industry: Technology Distributors
Insight Enterprises (NSIT)
Market Price (10/20/2026): $163.76Market Cap: $4.9 BilSector: Information TechnologyIndustry: Technology Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 8.1% Low stock price volatilityVol 12M is 46% Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Infrastructure as a Service (IaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -56%, 3Y Excs Rtn is -66% | Stock price has recently run up significantly6M Rtn6 month market price return is 114% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.9% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 130% Key risksNSIT key risks include [1] severe margin pressure from rising internal costs, Show more. |
| Attractive yieldFCF Yield is 8.1% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Infrastructure as a Service (IaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -56%, 3Y Excs Rtn is -66% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 114% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.9% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 130% |
| Key risksNSIT key risks include [1] severe margin pressure from rising internal costs, Show more. |
Qualitative Assessment
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Insight Enterprises (NSIT) stock has gained about 35% since 6/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Financial Results Significantly Exceeded Expectations.
Insight Enterprises reported robust financial performance for fiscal Q2 2026 (quarter ended June 30, 2026), released on August 6, 2026, which substantially surpassed analyst consensus. The company posted adjusted diluted earnings per share (EPS) of $3.86, beating estimates of $2.93 by $0.93, a 31.7% surprise. Concurrently, quarterly revenue climbed 14.7% year-over-year to $2.40 billion, outperforming analyst projections of $2.18 billion by 10.6%. This strong financial beat demonstrated significant operational strength and profitability, with gross profit increasing 18% year-over-year to $521.6 million and gross margin expanding 60 basis points to 21.7%.
2. Upward Revision of Full-Year Fiscal 2026 Guidance Signaled Strong Future Outlook.
Following the impressive Q2 2026 performance, Insight Enterprises raised its full-year fiscal 2026 guidance, indicating heightened confidence in continued growth. The company lifted its gross profit growth expectations to a range of 8% to 10% and projected adjusted diluted EPS to be between $12.20 and $12.70. The midpoint of this revised EPS guidance, $12.45, represents approximately 16% growth compared to fiscal year 2025 adjusted diluted EPS. This forward-looking optimism from management acted as a significant catalyst for investors.
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Insight Enterprises (NSIT) stock has gained about 35% since 6/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Financial Results Significantly Exceeded Expectations.
Insight Enterprises reported robust financial performance for fiscal Q2 2026 (quarter ended June 30, 2026), released on August 6, 2026, which substantially surpassed analyst consensus. The company posted adjusted diluted earnings per share (EPS) of $3.86, beating estimates of $2.93 by $0.93, a 31.7% surprise. Concurrently, quarterly revenue climbed 14.7% year-over-year to $2.40 billion, outperforming analyst projections of $2.18 billion by 10.6%. This strong financial beat demonstrated significant operational strength and profitability, with gross profit increasing 18% year-over-year to $521.6 million and gross margin expanding 60 basis points to 21.7%.
2. Upward Revision of Full-Year Fiscal 2026 Guidance Signaled Strong Future Outlook.
Following the impressive Q2 2026 performance, Insight Enterprises raised its full-year fiscal 2026 guidance, indicating heightened confidence in continued growth. The company lifted its gross profit growth expectations to a range of 8% to 10% and projected adjusted diluted EPS to be between $12.20 and $12.70. The midpoint of this revised EPS guidance, $12.45, represents approximately 16% growth compared to fiscal year 2025 adjusted diluted EPS. This forward-looking optimism from management acted as a significant catalyst for investors.
3. Accelerated Growth in High-Value Cloud and Services Segments Driven by AI Demand.
A core reason for the improved financial performance and positive outlook was the strong growth in higher-value segments, particularly in cloud and services, largely driven by demand related to Artificial Intelligence (AI). During fiscal Q2 2026, services gross profit increased 27% year-over-year, and cloud gross profit rose 39%. Insight Enterprises highlighted AI demand as a key factor supporting this growth in cloud, infrastructure, and services, demonstrating the company's strategic positioning as a "Solutions Integrator" in crucial technology areas like data and AI solutions.
4. Positive Analyst Revisions and Elevated Price Targets Increased Investor Confidence.
In response to the strong fiscal Q2 2026 results and raised guidance, several prominent financial analysts increased their price targets for NSIT. Raymond James, for instance, raised its price target to $175 from $100 and reiterated an "outperform" rating. JPMorgan Chase & Co. also increased its price target from $135 to $160, and Barrington Research set a $180 price objective. Although the overall consensus rating remained around "Hold" or "Moderate Buy", these significant upward revisions in price targets reflected a growing analyst optimism regarding the company's valuation and growth trajectory, contributing to the stock's upward movement.
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Stock Movement Drivers
Fundamental Drivers
The 34.4% change in NSIT stock from 6/30/2026 to 10/19/2026 was primarily driven by a 12.8% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 121.80 | 163.73 | 34.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,272 | 8,580 | 3.7% |
| Net Income Margin (%) | 2.2% | 2.5% | 12.8% |
| P/E Multiple | 20.9 | 23.4 | 12.0% |
| Shares Outstanding (Mil) | 31 | 30 | 2.5% |
| Cumulative Contribution | 34.4% |
Market Drivers
6/30/2026 to 10/19/2026| Return | Correlation | |
|---|---|---|
| NSIT | 34.4% | |
| Market (SPY) | 2.6% | 23.6% |
| Sector (XLK) | -2.4% | 28.4% |
Fundamental Drivers
The 144.3% change in NSIT stock from 3/31/2026 to 10/19/2026 was primarily driven by a 77.0% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 67.01 | 163.73 | 144.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,247 | 8,580 | 4.0% |
| Net Income Margin (%) | 1.9% | 2.5% | 28.6% |
| P/E Multiple | 13.2 | 23.4 | 77.0% |
| Shares Outstanding (Mil) | 31 | 30 | 3.2% |
| Cumulative Contribution | 144.3% |
Market Drivers
3/31/2026 to 10/19/2026| Return | Correlation | |
|---|---|---|
| NSIT | 144.3% | |
| Market (SPY) | 18.2% | 26.8% |
| Sector (XLK) | 40.1% | 33.9% |
Fundamental Drivers
The 44.4% change in NSIT stock from 9/30/2025 to 10/19/2026 was primarily driven by a 37.0% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.41 | 163.73 | 44.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,356 | 8,580 | 2.7% |
| Net Income Margin (%) | 1.8% | 2.5% | 37.0% |
| P/E Multiple | 24.1 | 23.4 | -3.0% |
| Shares Outstanding (Mil) | 32 | 30 | 5.8% |
| Cumulative Contribution | 44.4% |
Market Drivers
9/30/2025 to 10/19/2026| Return | Correlation | |
|---|---|---|
| NSIT | 44.4% | |
| Market (SPY) | 16.0% | 34.2% |
| Sector (XLK) | 32.5% | 35.7% |
Fundamental Drivers
The 12.5% change in NSIT stock from 9/30/2023 to 10/19/2026 was primarily driven by a 28.7% change in the company's P/E Multiple.| (LTM values as of) | 9302023 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 145.50 | 163.73 | 12.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,711 | 8,580 | -11.6% |
| Net Income Margin (%) | 2.7% | 2.5% | -10.2% |
| P/E Multiple | 18.2 | 23.4 | 28.7% |
| Shares Outstanding (Mil) | 33 | 30 | 10.2% |
| Cumulative Contribution | 12.5% |
Market Drivers
9/30/2023 to 10/19/2026| Return | Correlation | |
|---|---|---|
| NSIT | 12.5% | |
| Market (SPY) | 85.5% | 41.5% |
| Sector (XLK) | 130.9% | 40.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NSIT Return | 40% | -6% | 77% | -14% | -46% | 97% | 111% |
| Peers Return | 24% | -7% | 51% | -9% | -6% | 25% | 89% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| NSIT Win Rate | 83% | 42% | 75% | 42% | 25% | 70% | |
| Peers Win Rate | 61% | 53% | 72% | 42% | 42% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NSIT Max Drawdown | -16% | -25% | -18% | -34% | -55% | -32% | |
| Peers Max Drawdown | -20% | -26% | -25% | -26% | -30% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CDW, PLUS, CNXN. See NSIT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/19/2026 (YTD)
How Low Can It Go
| Event | NSIT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.6% | -18.8% |
| % Gain to Breakeven | 30.8% | 23.1% |
| Time to Breakeven | 553 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.8% | -24.5% |
| % Gain to Breakeven | 31.2% | 32.4% |
| Time to Breakeven | 106 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.9% | -33.7% |
| % Gain to Breakeven | 78.3% | 50.9% |
| Time to Breakeven | 159 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.6% | -19.2% |
| % Gain to Breakeven | 36.2% | 23.8% |
| Time to Breakeven | 52 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -12.4% | -3.7% |
| % Gain to Breakeven | 14.2% | 3.9% |
| Time to Breakeven | 7 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -19.5% | -12.2% |
| % Gain to Breakeven | 24.2% | 13.9% |
| Time to Breakeven | 37 days | 62 days |
In The Past
Insight Enterprises's stock fell -23.6% during the 2025 US Tariff Shock. Such a loss loss requires a 30.8% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | NSIT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.6% | -18.8% |
| % Gain to Breakeven | 30.8% | 23.1% |
| Time to Breakeven | 553 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.8% | -24.5% |
| % Gain to Breakeven | 31.2% | 32.4% |
| Time to Breakeven | 106 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.9% | -33.7% |
| % Gain to Breakeven | 78.3% | 50.9% |
| Time to Breakeven | 159 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.6% | -19.2% |
| % Gain to Breakeven | 36.2% | 23.8% |
| Time to Breakeven | 52 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.6% | -17.9% |
| % Gain to Breakeven | 32.6% | 21.8% |
| Time to Breakeven | 107 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -21.9% | -15.4% |
| % Gain to Breakeven | 28.1% | 18.2% |
| Time to Breakeven | 30 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -89.1% | -53.4% |
| % Gain to Breakeven | 821.4% | 114.4% |
| Time to Breakeven | 709 days | 1085 days |
In The Past
Insight Enterprises's stock fell -23.6% during the 2025 US Tariff Shock. Such a loss loss requires a 30.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Insight Enterprises (NSIT)
Insight Enterprises (NSIT) is a global technology solutions provider that enables businesses to manage and optimize their information technology (IT) infrastructure. The company specializes in designing, procuring, deploying, implementing, and managing comprehensive solutions that integrate hardware, software, and a wide array of services. Essentially, Insight acts as a strategic partner, helping organizations leverage technology effectively from end to end to achieve their business objectives.
Its robust solutions portfolio spans critical areas such as cloud enablement, data and AI, DevOps, digital strategy, intelligent applications, and IoT. Insight also provides specific services like cloud and data center transformation, connected workplace solutions, and supply chain optimization. Beyond these strategic offerings, the company supplies software maintenance, Software-as-a-Service (SaaS) subscriptions, and handles the full lifecycle of IT products, including sourcing, configuration, integration, testing, and redeployment of hardware from endpoints to infrastructure.
Insight serves a diverse client base across numerous industries, including financial services, healthcare, manufacturing, retail, and small to medium businesses, among others. With operations spanning the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific, Insight supports a broad spectrum of enterprise and commercial clients in optimizing their technological investments and driving digital transformation globally.
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Here are 1-2 brief analogies for Insight Enterprises (NSIT):
- Insight Enterprises is like CDW, but for comprehensive IT solutions that include strategic consulting and digital transformation.
- Think of them as Accenture, but for companies that need a full-stack IT partner, including direct hardware and software procurement and deployment.
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- IT Hardware Products: Sourcing, procurement, and deployment of a wide range of IT hardware, from endpoints to infrastructure.
- IT Software Products (including SaaS): Providing various software licenses and Software-as-a-Service (SaaS) subscription products.
- Cloud & Data Center Transformation Services: Consulting and implementation for migrating, managing, and optimizing cloud environments and modernizing data centers.
- Data & AI Solutions: Services focused on leveraging data analytics, artificial intelligence, and machine learning for business insights.
- DevOps & Digital Strategy Services: Guiding businesses through digital transformation, agile development, and operational efficiencies.
- Intelligent Applications & IoT Solutions: Developing and deploying smart applications, edge computing, and Internet of Things technologies.
- Connected Workplace Solutions: Services designed to improve collaboration, productivity, and the overall employee experience through technology.
- Supply Chain Optimization Solutions: Enhancing supply chain efficiency and resilience through technological integration and process improvement.
- IT Lifecycle & Support Services: Comprehensive services covering software maintenance, hardware warranty, and vendor direct support throughout the IT product lifecycle.
- Integrated IT Solution Design & Management: End-to-end services for designing, procuring, deploying, implementing, and managing custom IT solutions tailored to business needs.
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Insight Enterprises' major suppliers include:
- Microsoft (MSFT)
- Dell Technologies (DELL)
- HP Inc. (HPQ)
- Hewlett Packard Enterprise (HPE)
- Cisco (CSCO)
- Lenovo (HKG:0992)
- VMware
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Joyce Mullen, President and Chief Executive Officer
Joyce Mullen became President and CEO of Insight Enterprises in January 2022, having joined the company in October 2020 as President of North America. Prior to Insight, she spent 21 years at Dell Technologies, where she held numerous executive positions, including President of Dell Technologies' global channel, embedded, and edge solutions. Her roles at Dell encompassed leadership in sales, operations, supply chain, partner strategy, services delivery, and logistics. Before her tenure at Dell, Mullen worked for nine years at Cummins Engine Company, holding leadership roles such as director of international customer support, director of EMEA logistics, and a plant manager. There is no information indicating she founded or sold companies, or has a pattern of managing private equity-backed firms.
James Morgado, Chief Financial Officer
James Morgado assumed the role of Chief Financial Officer in January 2025, bringing extensive financial knowledge from the IT industry. He joined Insight in January 2022 as Senior Vice President of Finance and North America CFO. Before joining Insight, Morgado served as Vice President of Finance at Synopsys, a large enterprise software company, for four years, where his responsibilities included corporate planning, FP&A, treasury, procurement, and supply chain. Earlier in his career, he held various finance leadership positions at Juniper Networks and Cisco. There is no information indicating he founded or sold companies, or has a pattern of managing private equity-backed firms.
Dee Burger, President, North America
Dee Burger joined Insight in May 2022 as President of the North America business. He brought nearly 30 years of experience from Capgemini, where he held diverse leadership roles, including executive vice president of global business lines in North America. His experience at Capgemini involved leading mergers and acquisitions, digital and cloud solutions, business applications, consulting, strategy, and transformation.
Adrian Gregory, President, EMEA
Adrian Gregory joined Insight in 2023 as EMEA President. He has over 27 years of experience in the technology sector, previously serving as CEO at Atos (North Europe & APAC) and holding various executive positions at Atos for ten years. His earlier career also includes roles at HP and Fujitsu.
Samuel Cowley, Senior Vice President, General Counsel and Secretary
Samuel Cowley became Senior Vice President and General Counsel of Insight in June 2016. With over 30 years of legal experience, his background includes serving as General Counsel and Vice President, Business Development of Prestige Brands Holdings, Inc. from 2012 to 2016. He also held roles as Executive Vice President, Business Development and General Counsel of Matrixx Initiatives, Inc. and Executive Vice President and General Counsel of Swift Transportation Co., Inc.
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The key risks to Insight Enterprises (NSIT) are:
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Intense Competition and Rapid Technological Disruption: Insight Enterprises operates in a highly competitive IT solutions and services market, facing threats from both established companies and new entrants. The rapid pace of technological innovation, particularly the shift towards cloud-based solutions, AI, and digital transformation, necessitates continuous investment in research and development to maintain market share and relevance. This dynamic environment can lead to pricing pressures and potential erosion of market share.
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Dependence on Partner Relationships: The company relies significantly on its partnerships with key industry players (e.g., Microsoft, Cisco, HPE) for product availability, competitive offerings, marketing funds, and purchasing incentives. Any changes in these relationships, partner programs, or the availability of products and incentives could significantly impact Insight's operations, financial results, and competitive standing.
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Cyclical Nature of Corporate IT Spending and Macroeconomic Factors: Insight's financial performance is sensitive to the broader macroeconomic environment and the cyclical nature of corporate IT spending. Economic downturns, inflation, interest rate increases, and geopolitical uncertainties can lead to businesses delaying hardware refreshes or postponing large-scale digital transformation projects, directly affecting the company's revenue and stock price volatility. Management has noted persistent caution among large enterprise clients, leading to subdued growth expectations in certain segments.
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Insight Enterprises operates in several large and growing addressable markets globally and in North America.
IT Services Market
The global IT services market was valued at USD 1.65 trillion in 2025 and is projected to grow to USD 3.30 trillion by 2033. North America held over a 35% revenue share of the global IT services market in 2025.
Cloud Computing Market
The global cloud computing market size was valued at USD 781.27 billion in 2025 and is projected to grow to USD 2.90 trillion by 2034. North America dominated the cloud computing industry with a 52.0% market share in 2025, valued at USD 406.08 billion.
Data and AI Market
The global Big Data and Artificial Intelligence market size was valued at USD 396.7 billion in 2024 and is poised to grow to USD 467.71 billion in 2025, reaching USD 1.75 trillion by 2033. North America held the largest market share of 41% in 2024 for AI in data analytics.
Internet of Things (IoT) Market
The global Internet of Things (IoT) market size reached USD 1.02 trillion in 2024 and is expected to reach USD 3.49 trillion by 2033. North America held the largest market revenue share of 36.1% in 2023. In 2025, North America's IoT market share was 32.40%, valued at USD 279.73 billion.
Cybersecurity Market
The global cybersecurity market size was valued at USD 218.98 billion in 2025 and is projected to grow to USD 699.39 billion by 2034. North America held a 43.0% market share in the cybersecurity market in 2025, representing approximately USD 94.21 billion.
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Insight Enterprises (NSIT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Shift to Higher-Margin Services and Cloud: Insight is strategically pivoting towards higher-margin services and cloud solutions, which is a significant driver of gross profit and revenue. This includes a focus on Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) offerings. Services revenue and cloud gross profit have shown accelerated growth, and the company's strategy emphasizes continued investment in cloud modernization.
- Artificial Intelligence (AI) Adoption and Solutions: The unprecedented enterprise demand for AI, particularly generative AI, is a crucial growth opportunity for Insight. The company is actively investing in AI, offering AI strategy, readiness, and implementation services, and developing AI-powered managed services. Insight has also launched its AI platform, Prism, to help clients move from AI experimentation to production.
- Cybersecurity Solutions: The escalating threat landscape and growing complexity of cybersecurity are creating substantial demand for security services. Insight is well-positioned to meet this demand, with cybersecurity being a key investment area alongside AI and cloud, contributing to its solutions portfolio.
- Strategic Acquisitions: Recent strategic acquisitions, such as Inspire11 and Sekuro, are contributing to the company's growth, particularly in core services. These acquisitions strengthen Insight's technical expertise in areas like data, AI, and cybersecurity, leading to expanded cross-sell and pull-through opportunities across its global client base.
- Expansion of Core Services and Organic Growth: Beyond acquisitions, Insight anticipates continued organic growth in its core services business, with expectations for high single-digit growth in core services gross profit. This involves expanding technology consulting engagements and increasing attached services to hardware sales, thereby enhancing overall service revenue.
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Share Repurchases
- Insight Enterprises repurchased approximately $76 million of its common stock from ValueAct Capital in May 2025, as part of an existing $300 million stock repurchase program.
- In December 2025, the company's board approved a new $299 million stock repurchase program, which included $149 million carried over from a prior authorization.
- The annual share buybacks amounted to $217.108 million in 2023, $200.02 million in 2024, and $151.118 million in 2025.
Share Issuance
- In 2025, Insight Enterprises settled $333 million of convertible notes and all associated warrants.
- The average share count for 2026 is projected to be approximately 31.0 million shares, reflecting, in part, the settlement of warrants associated with convertible senior notes in 2025.
Capital Expenditures
- Capital expenditures for Insight Enterprises were $24 million in 2023, $33 million in 2024, and $25 million in 2025.
- For the upcoming year (2026), the company expects capital expenditures to be between approximately $20 million and $30 million.
Peer Outperformance in Technology Distributors
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 37.7% | 143.5% | 239.0% | TTMI 632% · FLEX 525% · JBL 364% |
| Technology Distributors ← | 9 | 43.5% | 88.5% | 82.2% | AVT 173% · SNX 146% · CNXN 109% |
| Semiconductor Materials & Equipment | 27 | 59.0% | 72.3% | 78.1% | AXTI 568% · KLAC 426% · LRCX 402% |
| Communications Equipment | 36 | 4.0% | 107.5% | 63.8% | AAOI 954% · LITE 879% · ANET 651% |
| Electronic Components | 26 | 0.8% | 74.3% | 51.8% | CLS 3186% · BELFA 1198% · APH 331% |
| Semiconductors | 54 | 8.4% | 41.8% | 28.3% | MU 1272% · NVDA 878% · AVGO 616% |
| Technology Hardware, Storage & Peripherals | 21 | 16.1% | 79.5% | 18.2% | STX 839% · SMCI 811% · DELL 797% |
| Electronic Equipment & Instruments | 27 | -15.9% | 23.1% | -1.4% | PI 224% · OSIS 105% · KEYS 92% |
| Internet Services & Infrastructure | 6 | 0.0% | 46.6% | -4.8% | GDDY 53% · VRSN 45% · DOCN 10% |
| IT Consulting & Other Services | 28 | -27.1% | -2.7% | -20.9% | CHRN 393847% · APLD 435% · ADEA 148% |
| Application Software | 126 | -20.3% | -12.7% | -48.2% | PLTR 686% · FROG 157% · AGYS 111% |
| Systems Software | 69 | -15.0% | 22.0% | -50.5% | ZETA 293% · CRWD 223% · FTNT 158% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 122.12 |
| Mkt Cap | 3.6 |
| Rev LTM | 5,784 |
| Op Inc LTM | 301 |
| FCF LTM | 226 |
| FCF 3Y Avg | 299 |
| CFO LTM | 241 |
| CFO 3Y Avg | 320 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.3% |
| Rev Chg 3Y Avg | 1.1% |
| Rev Chg Q | 11.2% |
| QoQ Delta Rev Chg LTM | 2.9% |
| Op Inc Chg LTM | 23.8% |
| Op Inc Chg 3Y Avg | 4.5% |
| Op Mgn LTM | 6.0% |
| Op Mgn 3Y Avg | 5.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 3.3% |
| CFO/Rev 3Y Avg | 5.5% |
| FCF/Rev LTM | 2.9% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.6 |
| P/S | 0.8 |
| P/Op Inc | 12.8 |
| P/EBIT | 13.0 |
| P/E | 20.8 |
| P/CFO | 29.9 |
| Total Yield | 5.8% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 6.8% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.5% |
| 3M Rtn | 13.0% |
| 6M Rtn | 24.5% |
| 12M Rtn | 36.1% |
| 3Y Rtn | 30.0% |
| 1M Excs Rtn | 2.4% |
| 3M Excs Rtn | 10.2% |
| 6M Excs Rtn | 16.8% |
| 12M Excs Rtn | 20.9% |
| 3Y Excs Rtn | -51.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hardware | 4,630 | 4,575 | 5,089 | 6,451 | 5,890 |
| Software | 1,901 | 2,441 | 2,542 | 2,497 | 2,231 |
| Services | 1,716 | 1,686 | 1,544 | 1,483 | 1,316 |
| Total | 8,247 | 8,702 | 9,176 | 10,431 | 9,436 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| North America | 104 | 104 | 106 | 116 | 108 |
| EMEA | 17 | 18 | 4 | 20 | 30 |
| APAC | 6 | 10 | 11 | 12 | 10 |
| Total | 127 | 131 | 121 | 148 | 147 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2009 |
|---|---|---|---|---|---|
| North America | 1,999 | 1,840 | 1,645 | 1,750 | 1,358 |
| EMEA | 543 | 576 | 577 | 539 | 462 |
| APAC | 115 | 117 | 125 | 131 | 59 |
| eliminations | -644 | -585 | -480 | -418 | |
| Corporate assets and intercompany eliminations | 276 | ||||
| Total | 2,014 | 1,948 | 1,868 | 2,002 | 2,155 |
Price Behavior
| Market Price | $163.73 | |
| Market Cap ($ Bil) | 4.9 | |
| First Trading Date | 01/25/1995 | |
| Distance from 52W High | -6.9% | |
| 50 Days | 200 Days | |
| DMA Price | $157.21 | $109.10 |
| DMA Trend | up | up |
| Distance from DMA | 4.1% | 50.1% |
| 3M | 1YR | |
| Volatility | 39.8% | 46.2% |
| Downside Capture | -32.73 | 115.33 |
| Upside Capture | 152.80 | 141.82 |
| Correlation (S&P 500) | 25.4% | 35.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.70 | 1.28 | 0.87 | 1.06 | 1.22 | 1.04 |
| Up Beta | 0.36 | 0.91 | 0.42 | -0.17 | 0.78 | 0.85 |
| Down Beta | 2.02 | 3.43 | 0.40 | 1.09 | 1.24 | 0.95 |
| Up Capture | 58% | 175% | 171% | 296% | 179% | 130% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 22 | 36 | 75 | 134 | 398 |
| Down Capture | 45% | 8% | 30% | 59% | 117% | 107% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 20 | 28 | 51 | 117 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NSIT | |
|---|---|---|---|---|
| NSIT | 50.8% | 46.2% | 1.02 | - |
| Sector ETF (XLK) | 31.4% | 26.4% | 0.99 | 35.7% |
| Equity (SPY) | 17.1% | 12.7% | 0.95 | 34.4% |
| Gold (GLD) | -4.2% | 29.3% | -0.15 | 3.6% |
| Commodities (DBC) | 52.6% | 20.7% | 1.93 | -6.5% |
| Real Estate (VNQ) | 3.9% | 13.7% | 0.03 | 14.8% |
| Bitcoin (BTCUSD) | -24.8% | 43.7% | -0.53 | 19.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NSIT | |
|---|---|---|---|---|
| NSIT | 12.3% | 33.6% | 0.40 | - |
| Sector ETF (XLK) | 20.6% | 26.0% | 0.70 | 43.0% |
| Equity (SPY) | 13.5% | 17.1% | 0.60 | 43.6% |
| Gold (GLD) | 18.3% | 18.9% | 0.78 | 5.6% |
| Commodities (DBC) | 9.8% | 19.5% | 0.38 | 7.1% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 32.1% |
| Bitcoin (BTCUSD) | 7.2% | 51.8% | 0.32 | 19.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NSIT | |
|---|---|---|---|---|
| NSIT | 17.7% | 35.8% | 0.55 | - |
| Sector ETF (XLK) | 24.1% | 25.0% | 0.87 | 46.3% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 50.6% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 2.6% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 17.6% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 39.0% |
| Bitcoin (BTCUSD) | 63.0% | 66.2% | 1.03 | 16.7% |
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Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 6.4% | 10.3% | 13.5% |
| 5/7/2026 | 2.0% | 26.5% | 60.9% |
| 2/5/2026 | 0.8% | 10.3% | 4.1% |
| 10/30/2025 | -3.9% | -8.4% | -16.5% |
| 7/31/2025 | -18.0% | -18.9% | -10.3% |
| 5/1/2025 | -3.2% | -3.6% | -5.7% |
| 2/6/2025 | -2.7% | -4.4% | -10.2% |
| 10/31/2024 | -14.2% | -14.4% | -23.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 15 |
| # Negative | 13 | 13 | 9 |
| Median Positive | 2.0% | 10.3% | 10.4% |
| Median Negative | -3.9% | -4.4% | -5.7% |
| Max Positive | 11.5% | 26.5% | 60.9% |
| Max Negative | -18.0% | -18.9% | -23.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 6.4% | 10.3% | 13.5% |
| 5/7/2026 | 2.0% | 26.5% | 60.9% |
| 2/5/2026 | 0.8% | 10.3% | 4.1% |
| 10/30/2025 | -3.9% | -8.4% | -16.5% |
| 7/31/2025 | -18.0% | -18.9% | -10.3% |
| 5/1/2025 | -3.2% | -3.6% | -5.7% |
| 2/6/2025 | -2.7% | -4.4% | -10.2% |
| 10/31/2024 | -14.2% | -14.4% | -23.3% |
| 8/1/2024 | -11.9% | -18.7% | -4.3% |
| 5/2/2024 | 3.0% | 15.7% | 12.9% |
| 2/15/2024 | -5.1% | -4.1% | -3.5% |
| 11/2/2023 | -1.0% | 0.2% | 10.4% |
| 8/3/2023 | -4.5% | -1.2% | 9.8% |
| 5/2/2023 | -1.8% | 2.0% | 11.2% |
| 2/9/2023 | 11.5% | 12.9% | 19.6% |
| 11/3/2022 | -0.4% | 2.2% | 9.0% |
| 8/4/2022 | 0.9% | -2.1% | -4.9% |
| 5/5/2022 | -0.1% | -6.2% | -2.7% |
| 2/10/2022 | 0.0% | 1.9% | 7.5% |
| 11/4/2021 | 2.8% | 6.0% | 1.8% |
| 8/5/2021 | 0.1% | -2.7% | 0.5% |
| 5/6/2021 | -5.9% | -5.3% | 3.4% |
| 2/11/2021 | 1.3% | -2.5% | 14.4% |
| 11/3/2020 | 9.7% | 20.3% | 28.7% |
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 15 |
| # Negative | 13 | 13 | 9 |
| Median Positive | 2.0% | 10.3% | 10.4% |
| Median Negative | -3.9% | -4.4% | -5.7% |
| Max Positive | 11.5% | 26.5% | 60.9% |
| Max Negative | -18.0% | -18.9% | -23.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/18/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/17/2021 | 10-K |
| 09/30/2020 | 11/03/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Gross Profit Growth | Reported | 8.0% | 9.0% | 10.0% | Raised | |||
| 2026 Gross Margin | Reported | 21.5% | 21.75% | 22.0% | 0.2% | Raised | Guidance: 21.5% for 2026 | |
| 2026 Interest and Other Expenses | Reported | 95.00 Mil | 5.6% | Lowered | Guidance: 90.00 Mil for 2026 | |||
| 2026 Effective Tax Rate | Reported | 25.5% | 26.0% | 26.5% | 0 | Affirmed | Guidance: 26.0% for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 12.2 | 12.45 | 12.7 | 10.7% | Raised | Guidance: 11.25 for 2026 | |
| 2026 Capital Expenditures | Reported | 20.00 Mil | 25.00 Mil | 30.00 Mil | 0 | Affirmed | Guidance: 25.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Gross Margin | Reported | 21.5% | 0.5% | Raised | Guidance: 21.0% for 2026 | |||
| 2026 Interest and other expenses | Reported | 90.00 Mil | 5.9% | Raised | Guidance: 85.00 Mil for 2026 | |||
| 2026 Effective tax rate | Reported | 25.5% | 26.0% | 26.5% | 0 | Affirmed | Guidance: 26.0% for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 11 | 11.25 | 11.5 | 8.7% | Raised | Guidance: 10.35 for 2026 | |
| 2026 Capital Expenditures | Reported | 20.00 Mil | 25.00 Mil | 30.00 Mil | 0 | Affirmed | Guidance: 25.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Gross Margin | Reported | 21.0% | 0.0% | Same New | Guidance: 21.0% for 2025 | |||
| 2026 Interest and Other Expenses | Reported | 85.00 Mil | 0.0% | Same New | Guidance: 85.00 Mil for 2025 | |||
| 2026 Effective Tax Rate | Reported | 25.5% | 26.0% | 26.5% | 0.5% | Higher New | Guidance: 25.5% for 2025 | |
| 2026 Adjusted Diluted EPS | Reported | 10.1 | 10.35 | 10.6 | 6.2% | Higher New | Guidance: 9.75 for 2025 | |
| 2026 Adjusted Diluted EPS (Excluding Stock-Based Compensation) | Reported | 11 | 11.25 | 11.5 | ||||
| 2026 Capital Expenditures | Reported | 20.00 Mil | 25.00 Mil | 30.00 Mil | 0.0% | Same New | Guidance: 25.00 Mil for 2025 | |
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Gross Margin | Reported | 21.0% | ||||||
| 2025 Interest and other expenses | Reported | 85.00 Mil | 9.7% | Raised | Guidance: 77.50 Mil for 2025 | |||
| 2025 Effective tax rate | Reported | 25.0% | 25.5% | 26.0% | 0.0% | Affirmed | Guidance: 25.5% for 2025 | |
| 2025 Adjusted Diluted EPS | Reported | 9.6 | 9.75 | 9.9 | -1.5% | Lowered | Guidance: 9.9 for 2025 | |
| 2025 Average share count | Reported | 32.00 Mil | ||||||
| 2025 Capital expenditures | Reported | 25.00 Mil | -23.1% | Lowered | Guidance: 32.50 Mil for 2025 | |||
Insider Activity
Updated 9/1/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Adatia, Karim | General Counsel | Direct | Sell | 9012026 | 157.40 | 248 | Form | ||
| 2 | Ibarguen, Anthony | Direct | Sell | 8172026 | 154.83 | 4,000 | 619,333 | 2,816,108 | Form | |
| 3 | Adatia, Karim | General Counsel | Direct | Sell | 6022026 | 107.40 | 559 | 60,037 | 26,635 | Form |
| 4 | Morgado, James A | Chief Financial Officer | Direct | Buy | 5132026 | 87.25 | 2,290 | 199,814 | 1,504,800 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Adatia, Karim | General Counsel | Direct | Sell | 9012026 | 157.40 | 248 | Form | ||
| 2 | Ibarguen, Anthony | Direct | Sell | 8172026 | 154.83 | 4,000 | 619,333 | 2,816,108 | Form | |
| 3 | Adatia, Karim | General Counsel | Direct | Sell | 6022026 | 107.40 | 559 | 60,037 | 26,635 | Form |
| 4 | Morgado, James A | Chief Financial Officer | Direct | Buy | 5132026 | 87.25 | 2,290 | 199,814 | 1,504,800 | Form |
Investor Activity (13F)
Updated Oct 20, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Distributors Resources |
| CRN |
| Channel Futures |
| ChannelE2E |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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