Ingram Micro (NYSE:INGM) Updates Q2 2026 Earnings Guidance

Ingram Micro (NYSE:INGM) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.680-0.780 for the period, compared to the consensus earnings per share estimate of 0.720. The company issued revenue guidance of $13.6 billion-$14.0 billion, compared to the consensus revenue estimate of $13.0 billion.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Ingram Micro from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Truist Financial assumed coverage on Ingram Micro in a report on Tuesday, March 31st. They issued a “hold” rating and a $25.00 price objective on the stock. Weiss Ratings upgraded Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 price objective on shares of Ingram Micro in a report on Friday. Finally, The Goldman Sachs Group boosted their price objective on Ingram Micro from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.86.

Ingram Micro Stock Down 9.0%

INGM traded down $2.77 on Friday, hitting $28.01. 3,171,875 shares of the company were exchanged, compared to its average volume of 1,093,450. Ingram Micro has a twelve month low of $18.05 and a twelve month high of $31.38. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.05 and a beta of 2.00. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $24.91 and a two-hundred day moving average price of $22.71.

Ingram Micro (NYSE:INGM) last released its earnings results on Thursday, April 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. Ingram Micro had a return on equity of 17.26% and a net margin of 0.66%.The firm had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Ingram Micro’s revenue was up 13.7% compared to the same quarter last year. Ingram Micro has set its Q2 2026 guidance at 0.680-0.780 EPS. On average, equities analysts predict that Ingram Micro will post 3.15 earnings per share for the current year.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be paid a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 12th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is presently 23.91%.

Ingram Micro declared that its board has approved a stock buyback program on Monday, March 2nd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Ingram Micro News Roundup

Here are the key news stories impacting Ingram Micro this week:

• Positive Sentiment: Q1 results beat consensus — Non?GAAP EPS $0.75 (vs. $0.70 est.) and net sales $14.0B, up 13.7% YoY, with double?digit net income growth. Strong revenue and earnings upside are supportive of the stock’s fundamental outlook. Business Wire: Q1 Results
• Positive Sentiment: Capital return boost — Company raised its quarterly dividend to $0.084 and expanded the buyback program, which supports shareholder returns and reduces share count over time. TipRanks: Dividend & Buyback
• Positive Sentiment: Revenue guidance above Street — Fiscal Q2 revenue guidance was raised to $13.6B–$14.0B, which is above consensus and indicates continued demand recovery in distribution channels. Business Wire: Guidance
• Neutral Sentiment: EPS guidance range is mixed — Q2 EPS guidance of $0.680–$0.780 overlaps the $0.720 consensus but is a wide range, leaving ambiguity on margin trajectory and near?term profitability. Investors will look to management commentary for drivers. Yahoo: Earnings Call Highlights
• Neutral Sentiment: Earnings call/transcript available — Management commentary in the call and transcript will be important to parse mix, margin outlook, and working capital dynamics; read the transcript for color on demand and supply trends. Seeking Alpha: Call Transcript
• Negative Sentiment: Shares dropped sharply on the print — Despite the beat, the stock fell as some investors sold into the strength, likely reacting to the EPS guidance range, profit?taking after a strong run, and short?term uncertainty. Yahoo: Stock Drop
• Negative Sentiment: Investor litigation notice — Pomerantz LLP announced an investigation into Ingram Micro on behalf of investors, introducing legal risk and potential distraction that can weigh on investor sentiment. PR Newswire: Pomerantz Investigation

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INGM. Geode Capital Management LLC boosted its position in shares of Ingram Micro by 11.8% during the 2nd quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock worth $2,150,000 after acquiring an additional 10,878 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Ingram Micro by 6.3% during the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock worth $284,000 after acquiring an additional 803 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Ingram Micro during the 2nd quarter worth about $755,000. Invesco Ltd. boosted its position in shares of Ingram Micro by 29.0% during the 2nd quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock worth $1,261,000 after acquiring an additional 13,605 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Ingram Micro during the 2nd quarter worth about $1,852,000.

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.