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/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $2.09 $2.15

bln bln (4

Analysts

)

Q2 Miss $2.45 $2.46 (4

Adjusted Analysts

EPS )

Q2 EPS $1.46

Q2 Net $46.93

Income mln

Q2 Gross 21.1%

Margin

Q2 $86.53

Earnings mln

From

Operatio

ns

Q2 Gross $442.33

Profit mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)