US IT Stocks Surge 18% on Earnings Surprise, Wall Street Joins Late

On May 7, shares of Insight Enterprises (NASDAQ: NSIT), a U.S. IT solutions integrator, jumped 18% to close at $83.04 on the Nasdaq. That surge raised its market capitalization to about $2.5 billion, adding roughly $548 million in a single day.

The rally reflects first-quarter results that beat market expectations and management’s decision to raise its full-year adjusted earnings-per-share guidance, signaling confidence in both growth and profitability.

For fiscal 2026, Insight now forecasts adjusted EPS of $11.00–$11.50, above the consensus estimate of $10.88. In response, Raymond James upgraded its rating on NSIT from Market Perform to Outperform and set a $100 price target, citing the new leadership’s strategic direction.

That said, the consensus recommendation among major brokerages remains Hold, highlighting the potential for increased volatility after this rapid run-up.

Insight Enterprises provides integrated IT solutions and services—spanning cloud, digital transformation and hybrid infrastructure—to companies in North America, Europe and the Asia-Pacific region. The company has recently paused M&A activity to focus on organic growth and margin improvement.

In March, Insight formalized its strategic pivot by overhauling its executive team and appointing a new CEO. Analysts say the strong Q1 performance and upward guidance have reinforced market confidence in the company’s new leadership.