Insight Enterprises beats Q1 estimates as cloud, AI services lift margins; NSIT rises

Insight Enterprises (NASDAQ: NSIT) reported first-quarter 2026 revenue of $2.13 billion, up 1.2% from a year earlier and above Wall Street expectations, as cloud and AI-related services drove stronger profitability. Non-GAAP earnings were $2.88 a share, 17.9% ahead of consensus estimates. Management cited double-digit gross profit growth in Cloud and Core Services, supported by mid-market demand for integrated technology projects across hardware, software and services. CEO Jack Azagury pointed to client wins in manufacturing and financial services involving Microsoft licensing, Snowflake data infrastructure and dedicated AI capabilities. The company said it will pause M&A for the rest of 2026 to focus on integrating prior acquisitions and accelerating organic growth in AI, cloud and security. CFO James Morgado said supply chain complexity and weaker large-enterprise spending remain headwinds, though hardware backlog and expense controls should support execution. Shares recently traded at $87.13, up 26.3% from $69.01 before earnings.