ePlus (PLUS) Announces Results for its Fiscal First Quarter of 2026

ePlus inc. (NASDAQ:PLUS) is one of the Best Small-Cap Growth Stocks to Buy Right Now. On August 7, ePlus inc. (NASDAQ:PLUS) announced results for its fiscal first quarter of 2026. The company exceeded Wall Street estimates, driven by higher product sales.

ePlus inc. (NASDAQ:PLUS) posted $637.32 million in revenue, reflecting 17.04% growth year-over-year and ahead of consensus by $120.62 million. The EPS of $1.26 also exceeded expectations by $0.16. Management noted that this growth came from higher product sales and major growth in services revenue. Notably, the gross bookings rose 14.3% to $952.8 million, while the gross profit grew 16.8% to reach $148.2 million.

During the quarter, the company sold its domestic financing business to focus fully on technology, which led to an increased capital position. Moreover, it also declared its first-ever quarterly dividend of $0.25per share and authorized a share repurchase program for up to 1.5 million shares.

ePlus inc. (NASDAQ:PLUS) provides transformative technology solutions and services. It offers products and services in artificial intelligence, security, cloud, data center, networking, and collaboration.

While we acknowledge the potential of PLUS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.