NSIT Q4 Results: Cloud and Services Lift Margins as Revenue Grows Slower Amid AI Shift

Insight Enterprises (NASDAQ:NSIT) reported Q4 CY2025 revenue of $2.05 billion, a 1.2% year-on-year decline, but non-GAAP profit of $2.96 per share exceeded analyst estimates by 4.2%. Cloud and core services outperformed, offsetting the revenue drag from migrating from on-premises software to cloud solutions, as well as partner program changes and memory cost pressures. CEO Joyce Mullen said strong execution in Cloud and growth in Core Services, driven by acquisitions and EMEA expansion, delivered record gross profit, gross margin, and adjusted earnings from operations margin. CFO James Morgado noted 2026 remains cautious with continued AI and security investments, rising hardware costs, and supply chain volatility. Key watchpoints include core services and Cloud gross profit expansion, memory inflation impacts, and integration of recent acquisitions. NSIT closed at $81.98, in line with the prior day’s close of $81.65.