ePlus Q3 net sales rise 24.6%, raises FY guidance

ePlus

04/02/2026 21:18

Overview

Technology solutions provider's fiscal Q3 net sales rose 24.6% yr/yr

Adjusted EBITDA for fiscal Q3 nearly doubled yr/yr

Company raised fiscal 2026 guidance and announced $0.25 quarterly dividend

Outlook

ePlus raises fiscal 2026 net sales guidance to 20%-22% growth

Company expects fiscal 2026 gross profit to grow 19%-21%

ePlus anticipates fiscal 2026 Adjusted EBITDA to rise 41%-43%

Result Drivers

AI DEMAND - ePlus reported strong revenue growth driven by demand for AI-related solutions across cloud, compute, storage, and networking

ENTERPRISE CUSTOMER GROWTH - Revenue growth from enterprise customers modernizing infrastructure for AI initiatives

MID-MARKET EXPANSION - Growth in mid-market customer base due to expanded product and service solutions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net sales
Beat
$614.8 mln
$551.81 mln (2 Analysts)
Q3 Adjusted EBITDA
Beat
$53.4 mln
$41.10 mln (2 Analysts)
Q3 Gross Margin
25.80%
Q3 Gross Profit
$158.7 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for ePlus inc is $108.00, about 27% above its February 3 closing price of $85.01

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPn3lRkHQa

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(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.)