Insight Enterprises Inc 2025年度报告

Insight Annual Report Dear fellow stockholder, Following a challenging year, 2025 brought some strong fourth quarter results and positive business momentum across our Company. Effective executionin our Cloud business, along with robust growth in our Core Services business driven by recent acquisitions, resulted in record gross profit, gross margin,and gross adjusted earnings from operations margin. We achieved growth in adjusted earnings from operations across all geographies and delivered 11%growth in adjusted diluted earnings per share. Our fourth quarter and full year results* include: Fourth Quarter 2025 •Record gross profit $478.4 million.•Record gross margin of 23.4%. Full Year 2025 •Net sales of $8.2 billion, a decrease of 5% year over year.•Gross profit of approximately $1.8 billion, relatively flat year over year.•Gross margin of 21.4%, reflecting expansion of 110 basis points compared to 2024. Our strategyOur strategic priorities sharpened this year to reflect where Insight is heading. We call it the Insight Way, and four objectives guide everything we do: ALWAYS put clients first: Earn the right to be essential.Our clients trust us to understand their business and deliver outcomes that matter. In 2025, we deepened that commitment: •We launched Prism, our AI transformation platform, helping clients identify and prioritize the use cases that will drive real results for their business.•We helped GTT communications deploy one of the industry’s first AI factories, built on Dell PowerEdge servers with NVIDIA accelerated computing.•We became the first Solutions Integrator to deploy a Cisco Secure AI Pod with NVIDIA at our headquarters in Chandler, Arizona.•Our client Net Promoter Score of 65 continues to reflect strong client loyalty, and we’re using the feedback behind the score to sharpen how wedeliver for clients in 2026. Empower teammates.Our teammates are our biggest differentiator. We backed that belief with real results: •We launched the AI Flight Academy, a structured five-level training program designed to build AI fluency across the entire company. The programcombines self-paced learning, hands-on tool usage, and practical challenges that move teammates from foundational skills to building AI agentsfor their teams.•We were recognized as a Great Place to Work in 14 countries.•Insight earned recognition on Fortune’s 100 Best Companies to Work for list in Southeast Asia, Great Place to Work UK’s Best Workplaces and BestWorkplaces for Women lists, and Great Place to Work Australia’s Best Workplaces in Technology list.•We earned a perfect score on the Disability Equality Index for disability inclusion. Deliver impact with excellence.We measure ourselves by the outcomes we deliver to clients and shareholders. In 2025, we made two strategic acquisitions to strengthen our capabilities. •We acquired Inspire11, a Chicago-based AI and business transformation consultancy with approximately 400 professionals and more than 30enterprise-grade AI accelerators. Inspire11 strengthens our ability to help clients turn AI investments into measurable business outcomes.•We acquired Sekuro, an Australian cybersecurity firm with more than 200 security professionals, expanding our cybersecurity and digital resiliencycapabilities across APAC.•We have filed more than 200 patent applications globally, with more than 70 patents issued to date across AI, machine learning, and relatedtechnologies.•Insight earned multiple partner accolades, including three Cisco Partner of the Year awards, Google Cloud Workspace Partner of the Year, Intel U.S.Data Center Growth Partner of the Year, and HPE Financial Services Partner of the Year.•We were recognized across six industry evaluations from Gartner and IDC, including as an Emerging Leader in Gartner’s Innovation Guide forGenerative AI Consulting and Implementation Services and a Major Player in two IDC MarketScapes. Drive profitable growth.Empowered teammates with a relentless focus on real results will yield growth, but we must stay focused and disciplined to outgrow the market. •Full-year net revenue was $8.2 billion. Despite a 5% decline driven by macro headwinds and partner program changes, gross profit held flat andgross margin expanded for the fourth consecutive year.•Cloud gross profit grew 2% to $495 million for the full year, with Q4 cloud gross profit up 11%.•Our APAC business delivered strong results following the Sekuro acquisition. Gross profit in the region grew 22% in Q4 and 1% for the full year. Our ambition has not changed. We want to be the leading AI Solutions Integrator globally, helping clients put together the right combination of hardware,software, and services to solve their hardest problems and deliver the outcomes that make them successful. As previously announced, I intend to retire asPresident and Chief Executive Officer and from my position as a member of our Board of Directors. I’m pleased that Jack Azagury, who brings nearly threedecad