ScanSource Q1 FY27 net income drops 56% to $8.69 million
SCSC•ScanSource’s Q1 FY27 net income fell 56% year over year to $8.69 million, while net sales rose 30% to $962.29 million. Gross margin narrowed to 12.2%.
SCSC•SCSC•SCSC•ScanSource’s Q1 FY27 net income fell 56% year over year to $8.69 million, while net sales rose 30% to $962.29 million. Gross margin narrowed to 12.2%.
ScanSource reported Q1 FY27 net income of $8.69 million, down 56% year over year, as net sales climbed 30% to $962.29 million. Gross profit margin narrowed to 12.2%, primarily due to strong hardware demand and a higher mix of lower-margin, large deals. The September 1 MicroAge acquisition expanded cloud, cybersecurity and AI capabilities within the Intelisys & Solution Services segment.
