The following discussion should be read in conjunction with the condensed consolidated financial statements and the related notes that appear elsewhere in this Quarterly Report on Form 10-Q. We refer to our customers as “clients,” our suppliers as “partners” and our employees as “teammates.” Quarterly Overview Today, every business is a technology business. At Insight, we accelerate transformation by unlocking the power of people and technology. We turn complexity into clarity, helping our clients achieve meaningful business outcomes and drive real results at scale. We serve these clients in North America; Europe, the Middle East and Africa (“EMEA”); and Asia-Pacific (“APAC”). As a Fortune 500-ranked Solutions Integrator, we deliver secure, end-to-end digital transformation and meet the needs of our clients through a comprehensive portfolio of solutions, far-reaching partnerships and 38 years of broad IT expertise. We amplify our solutions and services with global scale, local expertise and our e-commerce experience, enabling our clients to realize their digital ambitions in multiple ways. Our offerings in North America and certain countries in EMEA and APAC include hardware, software and services, including cloud solutions. Our offerings in the remainder of our EMEA and APAC segments consist largely of software and certain software-related services and cloud solutions. On a consolidated basis, for the three months ended June 30, 2026: •Net sales of $2.4 billion increased 15% compared to the three months ended June 30, 2025. The increase was primarily due to increases in hardware and services net sales as well as continued net revenue recognition in instances where Insight is the agent, partially offset by a decrease in software net sales. Excluding the effects of fluctuating foreign currency exchange rates, net sales increased 14% compared to the second quarter of 2025. •Gross profit of $521.6 million increased 18% compared to the three months ended June 30, 2025, primarily driven by increases in cloud solution offerings and Insight Delivered services. Excluding the effects of fluctuating foreign currency exchange rates, gross profit increased 17% compared to the second quarter of 2025. •Compared to the three months ended June 30, 2025, gross margin expanded approximately 60 basis points to 21.7% of net sales in the three months ended June 30, 2026. This expansion reflects higher margin contributed by services net sales, including both cloud solution offerings and Insight Delivered services, compared to the same period in the prior year. •Earnings from operations increased 51%, year over year, to $131.0 million in the second quarter of 2026 compared to $86.5 million in the second quarter of 2025. The net change reflects an increase in gross profit, partially offset by an increase in selling and administrative expenses. Excluding the effects of fluctuating foreign currency exchange rates, earnings from operations increased 50% year over year. •Net earnings and diluted earnings per share were $77.6 million and $2.57, respectively, for the second quarter of 2026. This compares to net earnings of $46.9 million and diluted earnings per share of $1.46 for the second quarter of 2025. The increase in net earnings was primarily due to an increase in earnings from operations in the second quarter of 2026. Diluted earnings per share increased 76% year over year, primarily as a result of an increase in net earnings and a decrease in dilutive shares outstanding in the second quarter of 2026. Excluding the effects of fluctuating foreign currency exchange rates, diluted earnings per share increased 74% year over year. 25 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) In discussing financial results for the three and six months ended June 30, 2026 and 2025, the Company refers to certain financial measures that are adjusted from the financial results prepared in accordance with United States generally accepted accounting principles (“GAAP”). When referring to non-GAAP measures, the Company refers to them as “Adjusted.” See the "Use of Non-GAAP Financial Measures" section below for additional information and a reconciliation of such non-GAAP measures to the most directly comparable GAAP financial measures. Throughout the “Quarterly Overview” and “Results of Operations” sections of this “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” we refer to changes in net sales, gross profit, selling and administrative expenses, diluted earnings per share and earnings from operations on a consolidated basis and in EMEA and APAC, as applicable, excluding the effects of fluctuating foreign currency exchange rates, which are financial measures that are adjusted from our financial results prepared in accordance with GAAP. In addition, we refer to changes in Adjusted earnings from operations in EMEA and APAC excluding the effects of fluctuating foreign currency exchange rates. These are also considered to be non-GAAP measures. We believe providing this information excluding the effects of fluctuating foreign currency exchange rates provides valuable supplemental information to investors regarding our underlying business and results of operations, consistent with how we, including our management, evaluate our performance. In computing the changes in amounts and percentages, we compare the current period amount as translated into U.S. dollars under the applicable accounting standards to the prior period amount in local currency translated into U.S. dollars utilizing the weighted average translation rate for the current period. The performance measures excluding the effects of fluctuating foreign currency exchange rates should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. Details about segment results of operations can be found in Note 9 to the Condensed Consolidated Financial Statements in Part I, Item 1 of this report. Our discussion and analysis of financial condition and results of operations is intended to assist in the understanding of our condensed consolidated financial statements, including the changes in certain key items in those condensed consolidated financial statements from period to period and the primary factors that contributed to those changes, as well as how certain critical accounting estimates affect our condensed consolidated financial statements. Supply Chain, Demand and Inflation Update We believe inflation contributed to sustained high interest rates on all of our variable rate borrowing facilities in the first half of 2026 consistent with the prior year. Interest rates are expected to hold steady and continue to remain higher than historical rates throughout most of 2026. We are actively monitoring changes to the global macroeconomic environment, including those impacting our supply chain, demand for our products whether due to tariffs or otherwise and interest rates, and assessing the potential impacts these challenges may have on our current results, financial condition and liquidity. Currently, our supply chain is impacted by the global memory chip shortage, which has resulted in lower overall supply and increased pricing and may result in further constrained overall supply and upward pressure on pricing. Additionally, international conflicts, including the war in Iran, may impact supply chain and increase inflation. We are mindful of the potential effects these conditions could have on our clients, partners and prospects in 2026 and beyond. 26 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Critical Accounting Estimates Our condensed consolidated financial statements have been prepared in accordance with GAAP. For a summary of significant accounting policies, see Note 1 to the Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2025. The preparation of these condensed consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, net sales and expenses. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results, however, may differ from estimates we have made. Members of our senior management have discussed the critical accounting estimates and related disclosures with the Audit Committee of our Board of Directors. There have been no changes to the items disclosed as critical accounting estimates in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025. Results of Operations The following table sets forth certain financial data as a percentage of net sales for the three and six months ended June 30, 2026 and 2025: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net sales 100.0 % 100.0 % 100.0 % 100.0 % Costs of goods sold 78.3 78.9 78.3 79.8 Gross profit 21.7 21.1 21.7 20.2 Selling and administrative expenses 16.0 16.8 17.0 16.5 Severance and restructuring expenses, net and acquisition and integration related expenses 0.2 0.2 0.2 0.2 Earnings from operations 5.5 4.1 4.5 3.5 Non-operating expense, net 1.1 1.0 1.1 1.5 Earnings before income taxes 4.4 3.1 3.4 2.0 Income tax expense 1.2 0.9 1.1 0.7 Net earnings 3.2 % 2.2 % 2.4 % 1.3 % We generally experience some seasonal trends in our net sales. Software and certain cloud net sales are typically seasonally higher in our second and fourth quarters. Business clients, particularly larger enterprise businesses in the United States, tend to spend more, particularly on product, in our fourth quarter. Sales to the federal government in the United States are often stronger in our third quarter, while sales in the state and local government and education markets are also often stronger in our second quarter. Sales to public sector clients in the United Kingdom are often stronger in our first quarter. These trends create overall variability in our consolidated results. Our gross profit across the business and related to product versus services sales are, and will continue to be, impacted by partner incentives, which can and do change significantly in the amounts made available and the related product or services sales being incentivized by the partner. Incentives from our largest partners are significant and changes in the incentive requirements, which occur regularly, could impact our results of operations to the extent we are unable to effectively shift our focus and efficiently respond to them. For a discussion of risks associated with our reliance on partners, see “Risk Factors – Risks related to Our Business, Operations and Industry – We rely on our partners for product availability, competitive products to sell and marketing funds and purchasing incentives, which can and do change significantly in the amounts made 27 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) available and the requirements year over year,” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025. Net Sales. Net sales of $2.4 billion for the three months ended June 30, 2026 increased 15%, year over year, compared to the three months ended June 30, 2025, reflecting increases in all our operating segments with the majority of the increase from our North America segment. Net sales of $4.5 billion for the six months ended June 30, 2026 increased 8%, year over year, compared to the six months ended June 30, 2025, reflecting increases in each of our operating segments with the largest increase in North America. Our net sales by operating segment were as follows for the three and six months ended June 30, 2026 and 2025 (dollars in thousands): Three Months Ended June 30, % Change Six Months Ended June 30, % Change 2026 2025 2026 2025 North America $ 1,938,663 $ 1,684,304 15 % $ 3,621,468 $ 3,384,947 7 % EMEA 375,194 348,614 8 % 748,045 691,442 8 % APAC 85,640 58,564 46 % 157,970 118,649 33 % Consolidated $ 2,399,497 $ 2,091,482 15 % $ 4,527,483 $ 4,195,038 8 % Our net sales by offering category for North America for the three and six months ended June 30, 2026 and 2025 were as follows (dollars in thousands): Three Months Ended June 30, % Change Six Months Ended June 30, % Change Sales Mix 2026 2025 2026 2025 Hardware $ 1,292,384 $ 1,073,904 20 % $ 2,356,054 $ 2,080,198 13 % Software 278,067 300,708 (8) % 563,414 697,441 (19) % Services 368,212 309,692 19 % 702,000 607,308 16 % $ 1,938,663 $ 1,684,304 15 % $ 3,621,468 $ 3,384,947 7 % Net sales in North America increased 15%, or $254.4 million, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025, primarily driven by increases in hardware and services net sales of 20% and 19%, respectively. The increase was partially offset by a decrease in software net sales of 8%, year to year. The net changes for the three months ended June 30, 2026 were the result of the following: •The increase in hardware net sales was primarily driven by an increase across client segments, led by growth from large enterprise and corporate clients, and supported by higher average selling prices. •The increase in services net sales was due to an increase in cloud solution offerings combined with an increase in Insight Delivered services including from the Inspire11 acquisition. •The decrease in software net sales was primarily due to the continued migration of on-premise software to cloud solutions (reported net in services net sales). Net sales in North America increased 7%, or $236.5 million, for the six months ended June 30, 2026, compared to the six months ended June 30, 2025, driven by increases in services and hardware net sales of 16% and 28 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) 13%, respectively, year over year. This increase was partially offset by a decrease in software net sales of 19%, year to year. The net changes for the six months ended June 30, 2026 were the result of the following: •The increase in services net sales was primarily due to an increase in cloud solution offerings combined with an increase in Insight Delivered services including from the Inspire11 acquisition. •The increase in hardware net sales was primarily driven by an increase across client segments, led by growth from large enterprise and corporate clients, and supported by higher average selling prices. •The decrease in software net sales was primarily due to the continued migration of on-premise software to cloud solutions (reported net in services net sales). Our net sales by offering category for EMEA for the three and six months ended June 30, 2026 and 2025 were as follows (dollars in thousands): Three Months Ended June 30, % Change Six Months Ended June 30, % Change Sales Mix 2026 2025 2026 2025 Hardware $ 129,729 $ 108,450 20 % $ 273,207 $ 237,314 15 % Software 144,707 151,880 (5) % 283,184 290,176 (2) % Services 100,758 88,284 14 % 191,654 163,952 17 % $ 375,194 $ 348,614 8 % $ 748,045 $ 691,442 8 % Net sales in EMEA increased 8%, or $26.6 million, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. Excluding the effects of fluctuating foreign currency exchange rates, net sales in EMEA increased by 6%, year over year. Net sales of hardware and services increased by 20% and 14%, respectively, year over year, with software net sales decreasing by 5%, year to year. The net changes for the three months ended June 30, 2026 were the result of the following: •The increase in hardware net sales was primarily due to higher volume of sales to large enterprise and corporate clients. •The increase in services net sales was primarily due to increases in Insight Delivered services and other agency net sales. •The decrease in software net sales was primarily due to lower volume of sales to large enterprise, corporate and public sector clients with the continued migration of on-premise software to cloud solutions (reported net in services net sales) also contributing to the decrease. Net sales in EMEA increased 8%, or $56.6 million, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. Excluding the effects of fluctuating foreign currency exchange rates, net sales in EMEA increased 3%, year over year. Net sales of services and hardware increased by 17% and15%, respectively, year over year, partially offset by a decrease in software net sales of 2%, year to year. The net changes for the six months ended June 30, 2026 were the result of the following: •The increase in services net sales was primarily due to increases in Insight Delivered services and other agency net sales. •The increase in hardware net sales was primarily due to higher volume of sales to large enterprise and corporate clients. •The decrease in software net sales was primarily due to lower volume of sales to large enterprise and corporate clients with the continued migration of on-premise software to cloud solutions (reported net in services net sales) also contributing to the decrease. 29 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Our net sales by offering category for APAC for the three and six months ended June 30, 2026 and 2025 were as follows (dollars in thousands): Three Months Ended June 30, % Change Six Months Ended June 30, % Change Sales Mix 2026 2025 2026 2025 Hardware $ 16,172 $ 8,677 86 % $ 29,241 $ 15,035 94 % Software 24,550 21,671 13 % 47,055 52,926 (11) % Services 44,918 28,216 59 % 81,674 50,688 61 % $ 85,640 $ 58,564 46 % $ 157,970 $ 118,649 33 % Net sales in APAC increased 46%, or $27.1 million, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. Excluding the effects of fluctuating foreign currency exchange rates, net sales in APAC increased 36%, year over year. Net sales of hardware, services and software increased by 86%, 59% and 13%, respectively, year over year. The increases for the three months ended June 30, 2026 were the result of the following: •The increase in hardware net sales was due to higher volume of sales to large enterprise clients as well as due to the acquisition of Sekuro in November 2025. •The increase in services net sales was primarily due to the acquisition of Sekuro in November 2025. •The increase in software net sales was driven by higher volume of sales to public sector clients. Net sales in APAC increased 33%, or $39.3 million, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. Excluding the effects of fluctuating foreign currency exchange rates, net sales in APAC increased by 23%, year over year. Net sales of hardware and services increased by 94% and 61%, respectively, year over year. These increases were partially offset by a decrease in software net sales of 11%, year to year. The net changes for the six months ended June 30, 2026 were the result of the following: •The increase in hardware net sales was due to higher volume of sales to large enterprise and corporate clients as well as due to the acquisition of Sekuro in November 2025. •The increase in services net sales was primarily due to the acquisition of Sekuro in November 2025. •The decrease in software net sales was due to the continued migration of on-premise software to cloud solutions (reported net in services net sales) with the shift led primarily by corporate and public sector clients. 30 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) The percentage of net sales by category for North America, EMEA and APAC were as follows for the three and six months ended June 30, 2026 and 2025: North America EMEA APAC Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, Sales Mix 2026 2025 2026 2025 2026 2025 Hardware 67 % 64 % 34 % 31 % 19 % 15 % Software 14 % 18 % 39 % 44 % 29 % 37 % Services 19 % 18 % 27 % 25 % 52 % 48 % 100 % 100 % 100 % 100 % 100 % 100 % North America EMEA APAC Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, Sales Mix 2026 2025 2026 2025 2026 2025 Hardware 65 % 61 % 36 % 34 % 18 % 13 % Software 16 % 21 % 38 % 42 % 30 % 44 % Services 19 % 18 % 26 % 24 % 52 % 43 % 100 % 100 % 100 % 100 % 100 % 100 % Gross Profit. Gross profit increased 18%, or $79.3 million, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025, with gross margin expanding approximately 60 basis points to 21.7% for the three months ended June 30, 2026 compared to 21.1% for the three months ended June 30, 2025. Gross profit increased 16%, or $134.9 million, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025, with gross margin expanding approximately 150 basis points to 21.7% for the six months ended June 30, 2026 compared to 20.2% for the six months ended June 30, 2025. Our gross profit and gross profit as a percentage of net sales by operating segment were as follows for the three and six months ended June 30, 2026 and 2025 (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2026 % of Net Sales 2025 % of Net Sales 2026 % of Net Sales 2025 % of Net Sales North America $ 397,707 20.5 % $ 341,692 20.3 % $ 751,033 20.7 % $ 661,144 19.5 % EMEA 93,426 24.9 % 82,434 23.6 % 180,229 24.1 % 154,361 22.3 % APAC 30,469 35.6 % 18,201 31.1 % 52,491 33.2 % 33,299 28.1 % Consolidated $ 521,602 21.7 % $ 442,327 21.1 % $ 983,753 21.7 % $ 848,804 20.2 % North America's gross profit for the three months ended June 30, 2026 increased 16%, or $56.0 million, compared to the three months ended June 30, 2025. As a percentage of net sales, gross margin expanded approximately 20 basis points to 20.5%, year over year. The year over year net expansion in gross margin was primarily attributable to the following: •An expansion in services margin of 87 basis points, partially offset by a contraction in product margin of 64 basis points. •The increase in services margin primarily reflects an increase in margin contribution from cloud solution offerings and Insight Core services, partially offset by a contraction in warranty and partner delivered services. •The contraction in product margin primarily reflects changes in hardware mix, including a higher proportion of lower-margin sales compared to the prior year period. 31 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) North America's gross profit for the six months ended June 30, 2026 increased 14%, or $89.9 million, compared to the six months ended June 30, 2025. As a percentage of net sales, gross margin expanded approximately 120 basis points to 20.7% for the six months ended June 30, 2026. The year over year net expansion in gross margin was primarily attributable to the following: •An expansion in services margin of 137 basis points, partially offset by a contraction in product margin of 21 basis points. •The increase in services margin primarily reflects increases in margin contribution from cloud solution offerings and Insight Delivered services, partially offset by a contraction in warranty and partner delivered services. •The contraction in product margin primarily reflects a larger concentration of hardware in our product mix, along with lower margins compared to the prior year period. EMEA's gross profit for the three months ended June 30, 2026 increased 13%, or $11.0 million, year over year (increasing 12% when excluding the effects of fluctuating foreign currency exchange rates), compared to the three months ended June 30, 2025. As a percentage of net sales, gross margin expanded 130 basis points to 24.9%, year over year. The year over year net expansion in gross margin was primarily attributable to the following: •An increase in services margin of 256 basis points, partially offset by a contraction in product margin of 131 basis points. •The increase in services margin is primarily the result of an expansion in margin contribution from Insight Delivered services and in instances of software sales where Insight is the agent. •The contraction in product margin is primarily the result of sales of software at lower margins than in the prior year period. EMEA's gross profit for the six months ended June 30, 2026 increased 17%, or $25.9 million, year over year (increasing 12% when excluding the effects of fluctuating foreign currency exchange rates), compared to the six months ended June 30, 2025. As a percentage of net sales, gross margin expanded approximately 180 basis points to 24.1%, year over year. The year over year net expansion in gross margin was primarily attributable to the following: •An increase in services margin of 252 basis points, partially offset by a contraction in product margin of 75 basis points. •The increase in services margin is primarily the result of an expansion in margin contribution from Insight Delivered services and in instances of software sales where Insight is the agent. •The contraction in product margin is primarily the result of sales of hardware and software at lower margins than in the same period in the prior year. APAC's gross profit for the three months ended June 30, 2026 increased 67%, or $12.3 million, year over year (increasing 56% when excluding the effects of fluctuating foreign currency exchange rates), compared to the three months ended June 30, 2025. As a percentage of net sales, gross margin expanded 450 basis points to 35.6%, year over year. The year over year net expansion in gross margin was primarily attributable to the following: •A net expansion in services margin of 565 basis points, partially offset by a contraction in product margin of 115 basis points. •The expansion in services margin is primarily driven by an expansion in margin contribution from the acquisition of Sekuro in November 2025 as well as an increase in cloud solution offerings. •The contraction in product margin is primarily the result of sales of hardware and software at lower margins than in the same period in the prior year. APAC's gross profit for the six months ended June 30, 2026 increased 58%, or $19.2 million, year over year (increasing 47% when excluding the effects of fluctuating foreign currency exchange rates), compared to the six months ended June 30, 2025. As a percentage of net sales, gross margin expanded approximately 510 basis points, year over year. The year over year net expansion in gross margin was primarily attributable to the following: 32 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) •A net expansion in services margin of 668 basis points, partially offset by a contraction in product margin of 152 basis points. •The expansion in services margin is primarily driven by an expansion in margin contribution from the acquisition of Sekuro in November 2025 as well as an increase in cloud solution offerings. •The contraction in product margin is primarily the result of sales of hardware and software at lower margins than in the same period in the prior year. Operating Expenses. Selling and Administrative Expenses. Selling and administrative expenses for the three months ended June 30, 2026 increased 9%, or $32.3 million, compared to the three months ended June 30, 2025 (an increase of 9% when excluding the effects of fluctuating foreign currency exchange rates). Selling and administrative expenses increased $77.1 million, or 11% (increasing 10% when excluding the effects of fluctuating foreign currency exchange rates), for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. Selling and administrative expenses decreased approximately 80 basis points as a percentage of net sales in the three months ended June 30, 2026 compared to the three months ended June 30, 2025. The overall net increase in selling and administrative expenses reflects increases in personnel costs of $27.3 million, depreciation and amortization expense of $2.8 million and legal and professional fees of $2.7 million. The increase in personnel costs was driven by variable compensation costs and expenses from acquisitions in the fourth quarter of 2025. The increase in depreciation and amortization expenses reflects higher amortization of assets associated with acquisitions in the fourth quarter of 2025. The increase in legal and professional fees primarily relates to consulting projects related to transformation of our global internal systems and EMEA specific transformation. We also incurred transformation costs in the current and prior year periods of $9.8 million and $7.0 million, respectively. We have been undergoing a transformation of our business in phases across the global organization to help us achieve our strategic objectives, including becoming a leading solutions integrator. These costs are unique in nature to the individual transformation phases and are generally not expected to recur in the longer term. Selling and administrative expenses increased approximately 50 basis points as a percentage of net sales in the six months ended June 30, 2026 compared to the six months ended June 30, 2025. The overall net increase in selling and administrative expenses primarily reflects increases in personnel costs of $51.3 million, depreciation and amortization expenses of $5.4 million and other expenses of $13.7 million. The increase in personnel costs was driven by variable compensation costs and expenses from acquisitions in the fourth quarter of 2025. The increase in depreciation and amortization expenses reflects higher amortization of assets associated with acquisitions in the fourth quarter of 2025. The increase in other expenses includes the net loss on revaluation of earnout liabilities of approximately $25.6 million from the acquisitions of InfoCenter, Inspire11 and Sekuro for the six months ended June 30, 2026 compared to a net loss on revaluation of earnout liabilities of $15.4 million from the acquisition of InfoCenter for the six months ended June 30, 2025. We incurred an impairment loss of approximately $2.0 million in the six months ended June 30, 2026 compared to an impairment loss of approximately $12.6 million in the six months ended June 30, 2025 relating to the Santa Monica property that was reclassified to held for sale in April 2025 and subsequently sold in April 2026. We also incurred transformation costs, as discussed above, in the current and prior year periods of $16.3 million and $8.3 million, respectively. Severance and Restructuring Expenses, net. During the three months ended June 30, 2026, we recorded severance and restructuring expenses, net of adjustments, of approximately $5.8 million. Comparatively, during the three months ended June 30, 2025, we recorded severance and restructuring expenses, net of adjustments, of approximately $3.4 million. The severance charges in both periods primarily related to a realignment of certain roles and responsibilities and reductions in workforce. 33 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) During the six months ended June 30, 2026, we recorded severance and restructuring expense, net of adjustments, of approximately $12.3 million. Comparatively, during the six months ended June 30, 2025, we recorded severance and restructuring expense, net of adjustments, of approximately $10.4 million. The severance charges in both periods primarily related to a realignment of certain roles and responsibilities and reductions in workforce. Acquisition and Integration Related Expenses. During the three months ended June 30, 2026, we recorded acquisition and integration related expenses of approximately $0.3 million. During the three months ended June 30, 2025, we recorded acquisition and integration related expenses of approximately $0.1 million During each of the six months ended June 30, 2026 and 2025, we recorded acquisition and integration related expenses of approximately $0.3 million. Earnings from Operations. Earnings from operations increased 51%, or $44.4 million, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. Earnings from operations and earnings from operations as a percentage of net sales by operating segment were as follows for the three months ended June 30, 2026 and 2025 (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2026 % of Net Sales 2025 % of Net Sales 2026 % of Net Sales 2025 % of Net Sales North America $ 112,583 5.8 % $ 68,722 4.1 % $ 178,781 4.9 % $ 119,512 3.5 % EMEA 9,489 2.5 % 11,156 3.2 % 16,094 2.2 % 16,167 2.3 % APAC 8,895 10.4 % 6,654 11.4 % 7,774 4.9 % 10,956 9.2 % Consolidated $ 130,967 5.5 % $ 86,532 4.1 % $ 202,649 4.5 % $ 146,635 3.5 % North America's earnings from operations for the three months ended June 30, 2026 increased 64%, or $43.9 million, compared to the three months ended June 30, 2025. As a percentage of net sales, earnings from operations increased by approximately 170 basis points to 5.8%. The increase in earnings from operations was primarily driven by an increase in gross profit, partially offset by an increase in selling and administrative expenses, including expenses relating to the acquisition of Inspire11, when compared to the three months ended June 30, 2025. North America's earnings from operations for the six months ended June 30, 2026 increased 50%, or $59.3 million, compared to the six months ended June 30, 2025. As a percentage of net sales, earnings from operations increased by approximately 140 basis points to 4.9%. The increase in earnings from operations was primarily driven by an increase in gross profit, partially offset by an increase in selling and administrative expenses, including expenses relating to the acquisition of Inspire11, when compared to the six months ended June 30, 2025. EMEA's earnings from operations for the three months ended June 30, 2026 decreased 15%, or $1.7 million (decreasing 20% when excluding the effects of fluctuating foreign currency exchange rates), compared to the three months ended June 30, 2025. As a percentage of net sales, earnings from operations decreased by approximately 70 basis points to 2.5%. The decrease in earnings from operations was primarily driven by an increase in transformation and severance costs within operating expenses, partially offset by an increase in gross profit when compared to the three months ended June 30, 2025. EMEA's earnings from operations for the six months ended June 30, 2026 was relatively flat (decreasing 7% when excluding the effects of fluctuating foreign currency exchange rates), compared to the six months ended June 30, 2025. As a percentage of net sales, earnings from operations decreased by approximately 10 basis points to 2.2%. The slight decrease in earnings from operations was primarily driven by an increase in transformation and severance costs within operating expenses, partially offset by an increase in gross profit, when compared to the six months ended June 30, 2025. 34 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) APAC's earnings from operations for the three months ended June 30, 2026 increased 34%, or $2.2 million (increasing 28% when excluding the effects of fluctuating foreign currency exchange rates), compared to the three months ended June 30, 2025. As a percentage of net sales, earnings from operations decreased by approximately 100 basis points to 10.4%. The increase in earnings from operations was driven by an increase in gross profit, partially offset by expenses related to the acquisition of Sekuro, when compared to the three months ended June 30, 2025. APAC's earnings from operations for the six months ended June 30, 2026 decreased 29%, or $3.2 million (decreasing 33% when excluding the effects of fluctuating foreign currency exchange rates), compared to the six months ended June 30, 2025. As a percentage of net sales, earnings from operations decreased by approximately 430 basis points to 4.9%. The decrease in earnings from operations was driven by expenses related to the acquisition of Sekuro, partially offset by an increase in gross profit, when compared to the six months ended June 30, 2025. Adjusted Earnings from Operations. Adjusted earnings from operations increased 31%, or $42.6 million, year over year, in the three months ended June 30, 2026 compared to the three months ended June 30, 2025. Adjusted earnings from operations increased 29%, or $72.6 million, year over year, in the six months ended June 30, 2026 compared to the six months ended June 30, 2025. Adjusted earnings from operations as a percentage of net sales by operating segment were as follows for the three months ended June 30, 2026 and 2025 (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2026 % of Net Sales 2025 % of Net Sales 2026 % of Net Sales 2025 % of Net Sales North America $ 149,054 7.7 % $ 109,957 6.5 % $ 271,453 7.5 % $ 203,817 6.0 % EMEA 20,582 5.5 % 20,991 6.0 % 35,344 4.7 % 33,590 4.9 % APAC 10,995 12.8 % 7,077 12.1 % 14,982 9.5 % 11,817 10.0 % Consolidated $ 180,631 7.5 % $ 138,025 6.6 % $ 321,779 7.1 % $ 249,224 5.9 % North America’s Adjusted earnings from operations for the three months ended June 30, 2026 increased 36%, or $39.1 million, compared to the three months ended June 30, 2025. As a percentage of net sales, Adjusted earnings from operations increased by approximately 120 basis points to 7.7%. The increase in Adjusted earnings from operations was primarily driven by an increase in gross profit, partially offset by an increase in selling and administrative expenses. North America’s Adjusted earnings from operations for the six months ended June 30, 2026 increased 33%, or $67.6 million, compared to the six months ended June 30, 2025. As a percentage of net sales, Adjusted earnings from operations increased by approximately 150 basis points to 7.5%. The increase in Adjusted earnings from operations was primarily driven by an increase in gross profit, partially offset by an increase in selling and administrative expenses. EMEA’s Adjusted earnings from operations for the three months ended June 30, 2026 decreased 2%, or $0.4 million (decreasing 5% excluding the effects of fluctuating foreign currency exchange rates), compared to the three months ended June 30, 2025. As a percentage of net sales, Adjusted earnings from operations decreased by approximately 50 basis points to 5.5%. The slight decrease in Adjusted earnings from operations was primarily driven by an increase in selling and administrative expenses, partially offset by an increase in gross profit. EMEA’s Adjusted earnings from operations for the six months ended June 30, 2026 increased 5%, or $1.8 million (was relatively flat excluding the effects of fluctuating foreign currency exchange rates), compared to the six months ended June 30, 2025. As a percentage of net sales, Adjusted earnings from operations decreased by approximately 20 basis points to 4.7%. The increase in Adjusted earnings from operations was largely driven by an increase in gross profit, primarily from the continued contribution from large agency transactions where 35 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) we acted as a paid pass-through agent in transactions for certain clients and their vendors in the Middle East, partially offset by an increase in selling and administrative expenses. APAC’s Adjusted earnings from operations for the three months ended June 30, 2026 increased 55%, or $3.9 million (increasing 48% excluding the effects of fluctuating foreign currency exchange rates), compared to the three months ended June 30, 2025. As a percentage of net sales, Adjusted earnings from operations increased by approximately 70 basis points to 12.8%. The increase in Adjusted earnings from operations was primarily driven by an increase in gross profit from the acquisition of Sekuro in November 2025, partially offset by an increase in selling and administrative expenses. APAC’s Adjusted earnings from operations for the six months ended June 30, 2026 increased 27%, or $3.2 million (increasing 20% excluding the effects of fluctuating foreign currency exchange rates), compared to the six months ended June 30, 2025. As a percentage of net sales, Adjusted earnings from operations decreased by approximately 50 basis points to 9.5%. The increase in Adjusted earnings from operations was primarily driven by an increase in gross profit from the acquisition of Sekuro in November 2025, partially offset by an increase in selling and administrative expenses. Non-Operating Expense (Income). Interest Expense, Net. Interest expense, net primarily relates to borrowings under our financing facilities and imputed interest under our inventory financing facilities, the Convertible Notes and the Senior Notes, as applicable, partially offset by interest income generated from interest earned on cash and cash equivalent bank balances. Interest expense, net for the three months ended June 30, 2026 increased 9%, or $2.1 million, compared to the three months ended June 30, 2025. This was primarily due to higher loan balances under our ABL facility and inventory financing facilities, partially offset by increased interest income and lower interest rates on ABL facility borrowings in the current year period. Interest expense, net for the six months ended June 30, 2026 increased 27%, or $10.1 million, compared to the six months ended June 30, 2025. The increase in the six months ended June 30, 2026 was primarily due to higher loan balances under our ABL facility and the maturity of the Convertible Notes in February 2025, partially offset by the lower interest rates and increased interest income. Imputed interest under our inventory financing facilities was $3.2 million and $5.9 million for the three and six months ended June 30, 2026, compared to $2.4 million and $4.8 million for the three and six months ended June 30, 2025. For a description of our various financing facilities, see Note 5 to our Condensed Consolidated Financial Statements in Part I, Item 1 of this report. Other Income (Expense), Net. Other income (expense), net primarily reflects a net loss on the revaluation of warrant settlement liabilities of $25.1 million recorded in the six months ended June 30, 2025 in connection with the cash settlement of a portion of the Warrants, with no comparable activity in the six months ended June 30, 2026. For additional information regarding the Warrants, see Note 5 to our Condensed Consolidated Financial Statements in Part I, Item 1 of this report. Income Tax Expense. Our effective tax rate of 27.0% for the three months ended June 30, 2026 was comparable to our effective tax rate of 26.9% for the same period in 2025, with both periods primarily impacted by state income taxes and higher taxes on earnings in foreign jurisdictions. Our effective tax rate was 31.0% for the six months ended June 30, 2026, compared to 34.5% for the same period in 2025. The effective tax rate decreased primarily due to the impact of nonrecurring, nondeductible losses related to warrant fair value adjustments in the prior-year period, partially offset by a reduction in the valuation allowance on foreign tax credit carryforwards. 36 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Use of Non-GAAP Financial Measures Adjusted non-GAAP earnings from operations (which we also refer to as "Adjusted earnings from operations") excludes (i) severance and restructuring expenses, net, (ii) certain executive recruitment and hiring related expenses, (iii) amortization of intangible assets, (iv) transformation costs, (v) certain acquisition and integration related expenses, (vi) gains and losses from revaluation of acquisition related earnout liabilities, (vii) impairment losses on long lived real estate assets held for sale, (viii) stock-based compensation expense, and (ix) certain third-party data center service outage related expenses and recoveries, as applicable. Adjusted non-GAAP earnings from operations is used by the Company and its management to evaluate financial performance against budgeted amounts, to calculate incentive compensation, to assist in forecasting future performance and to compare the Company’s results to those of the Company’s competitors. We believe that this non-GAAP financial measure is useful to investors because it allows for greater transparency, facilitates comparisons to prior periods and to the Company’s competitors’ results, and assists in forecasting performance for future periods. The non-GAAP financial measure is not prepared in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. Three Months Ended June 30, 2026 Adjusted Earnings from Operations (in thousands): North America EMEA APAC Consolidated GAAP earnings from operations $ 112,583 $ 9,489 $ 8,895 $ 130,967 Amortization of intangible assets 18,654 1,803 588 21,045 Change in fair value of earnout liabilities (206) — 492 286 Transformation costs 6,086 3,712 32 9,830 Impairment loss on a long lived real estate asset held for sale 664 — — 664 Severance and restructuring expenses, net 2,048 3,400 347 5,795 Acquisition and integration related expenses 128 — 137 265 Stock-based compensation expense 8,432 2,178 504 11,114 Other* 665 — — 665 Adjusted non-GAAP earnings from operations $ 149,054 $ 20,582 $ 10,995 $ 180,631 GAAP EFO as a percentage of net sales 5.8 % 2.5 % 10.4 % 5.5% Adjusted non-GAAP EFO as a percentage of net sales 7.7 % 5.5 % 12.8 % 7.5% 37 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Three Months Ended June 30, 2025 Adjusted Earnings from Operations (in thousands): North America EMEA APAC Consolidated GAAP earnings from operations $ 68,722 $ 11,156 $ 6,654 $ 86,532 Amortization of intangible assets 16,817 1,851 — 18,668 Change in fair value of earnout liabilities (3,299) 3,463 — 164 Transformation costs 4,928 2,077 — 7,005 Impairment loss on a long lived real estate asset held for sale 12,588 — — 12,588 Severance and restructuring expenses, net 2,554 803 48 3,405 Acquisition and integration related expenses 76 — — 76 Stock-based compensation expense 7,046 1,641 375 9,062 Other* 525 — — 525 Adjusted non-GAAP earnings from operations $ 109,957 $ 20,991 $ 7,077 $ 138,025 GAAP EFO as a percentage of net sales 4.1 % 3.2 % 11.4 % 4.1% Adjusted non-GAAP EFO as a percentage of net sales 6.5 % 6.0 % 12.1 % 6.6% Six Months Ended June 30, 2026 Adjusted Earnings from Operations (in thousands): North America EMEA APAC Consolidated GAAP earnings from operations $ 178,781 $ 16,094 $ 7,774 $ 202,649 Amortization of intangible assets 37,298 3,616 1,190 42,104 Gain on revaluation of earnout liabilities 21,080 — 4,499 25,579 Transformation costs 9,668 6,634 32 16,334 Impairment loss on a long lived real estate asset held for sale 2,033 — — 2,033 Severance and restructuring expenses, net 6,689 5,150 441 12,280 Acquisition and integration related expenses 189 (16) 93 266 Stock-based compensation expense 14,492 3,866 953 19,311 Other* $ 1,223 $ — $ — $ 1,223 Adjusted non-GAAP earnings from operations $ 271,453 $ 35,344 $ 14,982 $ 321,779 GAAP EFO as a percentage of net sales 4.9 % 2.2 % 4.9 % 4.5% Adjusted non-GAAP EFO as a percentage of net sales 7.5 % 4.7 % 9.5 % 7.1% 38 Six Months Ended June 30, 2025 Adjusted Earnings from Operations (in thousands): North America EMEA APAC Consolidated GAAP earnings from operations $ 119,512 $ 16,167 $ 10,956 $ 146,635 Amortization of intangible assets 33,621 3,595 — 37,216 Gain on revaluation of earnout liabilities 11,901 3,463 — 15,364 Transformation costs 5,788 2,487 — 8,275 Impairment loss on a long lived real estate asset held for sale 12,588 — — 12,588 Severance and restructuring expenses, net 5,665 4,656 110 10,431 Acquisition and integration related expenses 246 — 5 251 Stock-based compensation expense 13,941 3,222 746 17,909 Other* 555 — — 555 Adjusted non-GAAP earnings from operations $ 203,817 $ 33,590 $ 11,817 $ 249,224 GAAP EFO as a percentage of net sales 3.5 % 2.3 % 9.2 % 3.5% Adjusted non-GAAP EFO as a percentage of net sales 6.0 % 4.9 % 10.0 % 5.9% * Other includes certain executive recruitment and hiring related expenses and certain third-party data center service outage related expenses and recoveries, net. Certain executive recruitment and hiring related expenses were $0.7 million and $1.2 million for the three and six months ended June 30, 2026, respectively, compared to immaterial amounts for the three and six months ended June 30, 2025. Certain third-party data center service outage related expenses were $0.5 million for both the three and six months ended June 30, 2025 with no comparable activity for both the three and six months ended June 30, 2026. 39 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Liquidity and Capital Resources The following table sets forth certain consolidated cash flow information for the six months ended June 30, 2026 and 2025 (in thousands): Six Months Ended June 30, 2026 2025 Net cash provided by (used in) operating activities $ 20,140 $ (99,001) Net cash used in investing activities (5,870) (11,978) Net cash provided by financing activities 3,835 139,118 Foreign currency exchange effect on cash, cash equivalent and restricted cash balances (12,321) 21,959 Increase in cash, cash equivalents and restricted cash 5,784 50,098 Cash, cash equivalents and restricted cash at beginning of period 360,776 261,467 Cash, cash equivalents and restricted cash at end of period $ 366,560 $ 311,565 Cash and Cash Flow •Our primary use of cash during the six months ended June 30, 2026 was to repurchase shares of our common stock. •Operating activities provided $20.1 million in cash during the six months ended June 30, 2026, compared to cash used in operating activities of $99.0 million during the six months ended June 30, 2025. •Capital expenditures were $13.9 million and $12.0 million for the six months ended June 30, 2026 and 2025, respectively. •During the six months ended June 30, 2026, we repurchased $150.0 million of our common stock compared to $76.1 million of repurchases during the six months ended June 30, 2025. •We had net borrowings under our ABL facility during the six months ended June 30, 2026 of $120.2 million compared to net borrowings of $780.4 million during the six months ended June 30, 2025. •We had net borrowings under our inventory financing facilities of $42.6 million during the six months ended June 30, 2026 compared to net borrowings of $2.1 million during the six months ended June 30, 2025. •We repaid approximately $333.1 million for the remaining principal balance upon maturity of the Convertible Notes in the six months ended June 30, 2025. •We paid $222.0 million to settle a portion of the Warrants relating to the Call Spread Transactions associated with the Convertible Notes in the six months ended June 30, 2025. All Warrants were fully settled or expired by the end of 2025. We anticipate that cash flows from operations, together with the funds available under our financing facilities, will be adequate to support our expected cash and working capital requirements for operations, as well as other strategic acquisitions, over the next 12 months and beyond. We expect existing cash and cash flows from operations to continue to be sufficient to fund our operating cash activities and cash commitments for investing and financing activities, such as capital expenditures, strategic acquisitions, repurchases of our common stock, debt repayments and repayment of our inventory financing facilities for the next 12 months. We currently expect to fund known cash commitments beyond the next 12 months through operating cash activities and/or other available financing resources. 40 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Net cash provided by operating activities •We have an inverted cash cycle resulting from typically paying partners on shorter terms than we provide to our clients. This generally means in periods of growing hardware sales, we typically use cash from operations. •Cash flow provided by operating activities in the first half of 2026 was $20.1 million compared to cash used in operating activities of $99.0 million in the first half of 2025. •The increase in cash provided by operating activities period over period was primarily due to higher net earnings and favorable changes in working capital, driven primarily by a larger increase in accounts payable. These favorable impacts were partially offset by an increase in accounts receivable and inventories. Changes in accounts receivable and accounts payable were influenced by netting on certain agent revenue streams, including transactions in our EMEA segment, as well as changes in vendor mix and the timing of customer receipts compared to partner payments. •We continue to be impacted by netted costs that we apply to our services net sales to appropriately record net sales that we earn as an agent. These netted costs, while excluded from net sales and cost of goods sold, are processed and applied to accounts receivable and accounts payable in each reporting period. As a result, calculation of our unadjusted cash conversion cycle, including days sales outstanding and days payables outstanding, do not provide an accurate reflection of our cash conversion metric, due to the metric components being inherently inflated. For example, netted costs were $5.1 billion and $3.6 billion in the second quarter of 2026 and 2025, respectively. •We expect that cash flow from operations will be used, at least partially, to fund working capital as we typically pay our partners on average terms that are shorter than the average terms we grant to our clients in order to take advantage of supplier discounts. •We intend to use cash generated in the remainder of 2026 in excess of working capital needs to pay down our ABL facility and inventory financing facilities, and to repurchase shares of our common stock. Net cash used in investing activities •Capital expenditures were $13.9 million and $12.0 million for the six months ended June 30, 2026 and 2025, respectively. •During the six months ended June 30, 2026, we received proceeds of $8.0 million from the sale of the Santa Monica property. •We expect capital expenditures for the full year 2026 to be between approximately $20.0 and $30.0 million. Net cash provided by (used in) financing activities •During the six months ended June 30, 2026, we had net borrowings under our ABL facility of $120.2 million, which were primarily used to repurchase shares of our common stock. •During the six months ended June 30, 2025, we had net borrowings under our ABL facility that increased our outstanding long-term debt balance by $780.4 million, which were primarily used to fund the repayment of the remaining principal balance upon maturity of the Convertible Notes, to settle a portion of the Warrants and to repurchase shares of our common stock. •We had net borrowings under our inventory financing facilities of $42.6 million during the six months ended June 30, 2026 compared to net borrowings of $2.1 million during the six months ended June 30, 2025. •We repaid approximately $333.1 million for the remaining principal balance upon maturity of the Convertible Notes in the six months ended June 30, 2025. •We paid $222.0 million to settle a portion of the Warrants relating to the Call Spread Transactions associated with the Convertible Notes in cash in the six months ended June 30, 2025. All Warrants were fully settled or expired by the end of 2025. •During the six months ended June 30, 2026, we made earnout and acquisition related payments of $5.5 million primarily associated with our acquisition of Amdaris Group Limited. •During the six months ended June 30, 2025, we did not make any earnout and acquisition related payments. •During the six months ended June 30, 2026, we repurchased $150.0 million of our common stock. 41 Table of Contents INSIGHT ENTERPRISES, INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) •During the six months ended June 30, 2025, we repurchased $76.1 million of our common stock. Financing Facilities •Our debt balance as of June 30, 2026 was $1.5 billion. •Our objective is to pay our debt balances down while retaining adequate cash balances to meet overall business objectives. •The Senior Notes are subject to certain events of default and certain acceleration clauses. As of June 30, 2026, no such events have occurred. •Our ABL facility contains various covenants customary for transactions of this type, including complying with a minimum receivable and inventory requirement and meeting monthly, quarterly and annual reporting requirements. •The credit agreement contains customary affirmative and negative covenants and events of default. •At June 30, 2026, we were in compliance with all such covenants. •While the ABL facility has a stated maximum amount, the actual availability under the ABL facility is limited by a minimum accounts receivable and inventory requirement. As of June 30, 2026, eligible accounts receivable and inventory were sufficient to permit access to the full $2.0 billion under the ABL facility of which $981.7 million was outstanding. We also have agreements with financial intermediaries to facilitate the purchase of inventory from certain suppliers under certain terms and conditions. •These amounts are classified separately as accounts payable – inventory financing facilities in our condensed consolidated balance sheets. •Our inventory financing facilities have an aggregate availability for vendor purchases of $755.0 million, of which $266.6 million was outstanding at June 30, 2026. Undistributed Foreign Earnings Cash and cash equivalents held by foreign subsidiaries are generally subject to U.S. income taxation upon repatriation to the United States. As of June 30, 2026, we had approximately $316.4 million in cash and cash equivalents in certain of our foreign subsidiaries, primarily residing in Canada, Australia, and New Zealand. Certain of these cash balances will be remitted to the United States or other countries by paying down intercompany payables generated in the ordinary course of business or through actual dividend distributions. Off-Balance Sheet Arrangements We have entered into off-balance sheet arrangements, which include indemnifications. The indemnifications are discussed in Note 8 to the Condensed Consolidated Financial Statements in Part I, Item 1 of this report and such discussion is incorporated by reference herein. We believe that none of our off-balance sheet arrangements have, or are reasonably likely to have, a material current or future effect on our financial condition, sales or expenses, results of operations, liquidity, capital expenditures or capital resources. Recently Issued Accounting Standards The information contained in Note 1 to the Condensed Consolidated Financial Statements in Part I, Item 1 of this report concerning a description of recently issued accounting standards which affect or may affect our financial statements, including our expected dates of adoption and the estimated effects on our results of operations and financial condition, is incorporated by reference herein. Contractual Obligations Other than as described in Note 8 to the Condensed Consolidated Financial Statements in Part I, Item 1 of this report, there have been no material changes in our reported contractual obligations, as described under “Cash Requirements From Contractual Obligations” in “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025. 42 Table of Contents INSIGHT ENTERPRISES, INC.