Insight Enterprises' Q2 sales miss estimates
Overview
Insight Q2 net sales fell 3% yr/yr, missing analyst expectations, per LSEG data
Adjusted EPS flat at $2.45, slightly below analyst estimates, per LSEG data
Company achieved record gross margin and adjusted earnings from operations margin
Outlook
Insight expects 2025 adjusted EPS between $9.70 and $10.10
Company anticipates flat gross profit for 2025
Insight forecasts 2025 gross margin around 20%
Result Drivers
PARTNER PROGRAM CHANGES - Company attributes sales decline partly to changes in partner programs, per CEO Joyce Mullen
HARDWARE SALES - Hardware net sales increased 2% year-over-year, marking growth for the second consecutive quarter
REAL ESTATE IMPAIRMENT - Earnings from operations impacted by impairment loss on real estate asset held for sale
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | $2.09 bln | $2.15 bln (4 Analysts) |
Q2 Adjusted EPS | Miss | $2.45 | $2.46 (4 Analysts) |
Q2 EPS | $1.46 | ||
Q2 Net Income | $46.93 mln | ||
Q2 Gross Margin | 21.1% | ||
Q2 Earnings From Operations | $86.53 mln | ||
Q2 Gross Profit | $442.33 mln |
Press Release:
