Insight Enterprises, Inc. NSIT
Insight Enterprises' Q2 2026 results — EPS of $3.86 versus a $2.95 consensus and $2.45 a year ago — confirm a genuine operating inflection, with management raising full-year gross profit and adjusted EPS guidance under its new AI-focused "One Insight" plan. At $145.29 the stock trades at a P/E of 21.21, roughly in line with the peer median of 21.19, and RSI has cooled to 59.6 from prior overbought levels.
However, FY2025 fundamentals remain weak — revenue declined 5.22% with net income down 36.98% and total debt rising to $1.59B — and 24-month insider net selling of $163.1M persists, warranting a hold until the turnaround shows sustained traction across multiple quarters.
What could go wrong
- Multi-year revenue decline. FY2025 revenue fell 5.22% YoY, the third consecutive annual decline from $10.43B in FY2022 to $8.25B in FY2025.
- Elevated leverage. Total debt rose to $1.59B in FY2025 from $1.08B in FY2024, while stockholders' equity declined to $1.65B from $1.77B.
- Persistent insider selling. Over the trailing 24 months, insiders net sold 764,496 shares for $163.1M, with the most recent sale on 2026-08-13 at $154.83 per share.
- Margin compression. FY2025 net margin fell to 1.91% from 2.87% in FY2024, and FCF margin contracted to 3.39% from 6.74%.
What would change my mind
Where this comes from: Zacks news article, 2026-08-06 · MarketBeat Q2 earnings call highlights, 2026-08-07 · derived_metrics FY2025 · fundamentals FY2025 and FY2024. Orin's read on NSIT; not advice.
Twelve months actual closes to 2026-09-23 · actual filings
50-day average 200-day average · volume below
On file
All NSIT filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| Morgan Stanley | $345.4M | 0.0% of fund |
| Vanguard Portfolio Management | $312.8M | 0.0% of fund |
| Vanguard Capital Management | $165.5M | 0.0% of fund |
| State Street | $149.0M | 0.0% of fund |
| Fmr | $114.4M | 0.0% of fund |
| Geode Capital Management | $99.2M | 0.0% of fund |
58 filers · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 500 Form 4 filings, net −$163.0M. Of the 50 on hand, 0 were open-market purchases and 3 sales— the rest are grants, option exercises and tax withholding.
Ask Orin about NSIT
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Start 3 free days →Where it trades
| Metric | Now | Own median | Sector |
|---|---|---|---|
| P/E | 23.1× | — | 53.3× |
| EV/EBITDA | 12.9× | — | — |
| P/S | 0.56× | — | — |
| P/B | 3.0× | — | — |
5.6%
free-cash-flow growth every year for 10 years, discounted at 10%, is what today’s price implies — starting from $0.3B of trailing free cash flow. It is an assumption the market is making, not a forecast Orin is making.
What Wall Street published
$143
$75 – $180 · −8% against today's price
- 3 buy or overweight
- 3 hold
- 1 underweight or sell
The analysts’ consensus and their own ratings, not Orin’s. A target is a twelve-month opinion published by the firm that wrote it.
Against the companies it is compared to
| Company | Market cap | P/E | EV/EBITDA | Gross | Net | ROE |
|---|---|---|---|---|---|---|
| NSITInsight Enterprises, Inc. | $5B | 23.1× | 12.9× | 22.1% | 2.5% | 13% |
| AVTAvnet, Inc. | $8B | 24.9× | 13.6× | 10.4% | 1.2% | 7% |
The median is of the 1 peers listed above and nothing else — check it against the column. This company trades 7.0% below it. The peer set is the vendor’s, so a company can appear here that a person would not have chosen.
What it has traded at
What its sector has traded at
Two scales, drawn separately on purpose: a sector median and one company’s multiple are not the same number and putting them on one axis invites a comparison neither series supports.
Every estimate on one scale
The vertical rule is the current price. Ranges and point estimates are the backend’s, published as they were calculated; an arrow means the estimate sits beyond this scale, and its number is on the right.