Ingram Micro (NYSE:INGM) Issues Quarterly Earnings Results

Ingram Micro (NYSE:INGM) announced its quarterly earnings data on Thursday. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08, FiscalAI reports. The firm had revenue of $14.53 billion for the quarter, compared to analyst estimates of $13.85 billion. Ingram Micro had a return on equity of 17.19% and a net margin of 0.66%. Ingram Micro updated its Q3 2026 guidance to 0.720-0.820 EPS.

Here are the key takeaways from Ingram Micro’s conference call:

• Record second-quarter results exceeded guidance, with revenue of approximately $14.5 billion, gross profit of $959 million, and adjusted EPS of $0.82. Adjusted operating income increased nearly 40% year over year, while adjusted EPS rose 34%.
• Demand was broad-based, with double-digit FX-neutral growth across Cloud, Advanced Solutions, and Client and Endpoint Solutions, as well as all four regions. Cloud grew 44%, GPU and AI infrastructure revenue more than doubled, and Asia-Pacific revenue increased 28%.
• Xvantage adoption is producing measurable operating benefits, including a 40% increase in time spent on the platform, a 12% increase in average order value, and a 23% increase in average revenue per customer. IDA generated approximately $1 billion of Q2 revenue, with supported opportunities converting at nearly four times the rate of traditional quotes.
• Management issued its strongest quarterly guidance to date, forecasting Q3 revenue of $13.55 billion to $13.95 billion, gross profit of $910 million to $955 million, and adjusted EPS of $0.72 to $0.82. Executives cited healthy pipelines, improved pricing and supply visibility, and continued demand despite some projects being phased over multiple periods.
• Cash flow was pressured by a $527 million adjusted free-cash-flow outflow as the company increased inventory and working capital to support growth, hedge against price increases, and prepare for potential memory shortages. Management expects inventory to sell through, but acknowledged continued investment will be needed in the near term.

Ingram Micro Stock Performance

Shares of Ingram Micro stock traded up $0.33 during trading hours on Thursday, reaching $30.46. The company’s stock had a trading volume of 991,126 shares, compared to its average volume of 1,200,993. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.31. The company’s 50 day simple moving average is $28.56 and its 200 day simple moving average is $25.59. Ingram Micro has a one year low of $18.09 and a one year high of $31.69. The stock has a market cap of $7.06 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.78.

Insider Transactions at Ingram Micro

In other Ingram Micro news, VP Augusto Aragone sold 10,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the sale, the vice president owned 140,465 shares of the company’s stock, valued at $4,213,950. The trade was a 6.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Platinum Equity, Llc sold 5,167,069 shares of Ingram Micro stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the completion of the transaction, the insider owned 177,466,319 shares in the company, valued at $5,151,847,240.57. The trade was a 2.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,227,069 shares of company stock valued at $151,765,013 over the last three months. 0.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INGM. Comerica Bank lifted its holdings in shares of Ingram Micro by 2,844.2% during the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock valued at $82,000 after acquiring an additional 3,669 shares during the period. Wells Fargo & Company MN boosted its position in Ingram Micro by 33.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock valued at $88,000 after buying an additional 1,031 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Ingram Micro in the fourth quarter worth about $94,000. Aquatic Capital Management LLC bought a new position in shares of Ingram Micro in the 3rd quarter valued at about $110,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Ingram Micro during the fourth quarter worth $210,000.

Wall Street Analyst Weigh In

Several brokerages have commented on INGM. Evercore set a $26.00 target price on shares of Ingram Micro in a research report on Monday, April 20th. Zacks Research upgraded shares of Ingram Micro from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 target price for the company in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ingram Micro in a report on Friday, July 24th. Finally, The Goldman Sachs Group lifted their price objective on Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.29.

About Ingram Micro

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro’s end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company’s offerings are organized across several core areas.