Ingram Micro (NYSE:INGM) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Ingram Micro (NYSE:INGM) issued its quarterly earnings results on Thursday. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05, FiscalAI reports. The business had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Ingram Micro had a net margin of 0.62% and a return on equity of 16.78%. The business’s revenue was up 13.7% compared to the same quarter last year. Ingram Micro updated its Q2 2026 guidance to 0.680-0.780 EPS.

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

• Strong Q1 results — Net sales were $13.96 billion (up 13.7% YoY), gross profit rose ~12%, and non‑GAAP EPS was $0.75 (up 23%), with results at or above the high end of guidance.
• Xvantage and AI traction — The company highlighted 400+ AI/ML models, IDA-driven opportunities that converted at ~4x baseline and helped generate >$800M in AI‑led net sales, plus multiple granted patents and growing automation benefits.
• Growth mix and margin impact — Cloud and Advanced Solutions (including large GPU/AI infrastructure deals) drove top‑line growth, but those AI/GPU projects are low margin and reduced gross margin by roughly 35 basis points in Q1.
• Stronger balance sheet and shareholder returns — Net debt/EBITDA improved to ~1.7x, the company repurchased $75M of stock from the majority owner, expanded its buyback program, and raised the quarterly dividend.
• Q2 outlook and near‑term headwinds — Q2 guidance calls for $13.6B–$14.0B in net sales (≈+8% midpoint) and $0.68–$0.78 EPS, while memory supply constraints and Middle East volatility are expected to create ongoing near‑term uncertainty.

Ingram Micro Stock Performance

NYSE:INGM traded down $2.77 during midday trading on Friday, reaching $28.01. 3,171,875 shares of the company traded hands, compared to its average volume of 1,005,341. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39. The company has a fifty day moving average price of $24.91 and a 200 day moving average price of $22.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.33 and a quick ratio of 0.97. Ingram Micro has a twelve month low of $18.05 and a twelve month high of $31.38.

Ingram Micro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be issued a $0.084 dividend. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. Ingram Micro’s dividend payout ratio (DPR) is 23.19%.

Ingram Micro announced that its Board of Directors has initiated a stock repurchase program on Monday, March 2nd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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

Analyst Ratings Changes

A number of research firms have commented on INGM. William Blair reaffirmed an “outperform” rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Wall Street Zen raised Ingram Micro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Truist Financial assumed coverage on Ingram Micro in a research note on Tuesday, March 31st. They set a “hold” rating and a $25.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Evercore set a $26.00 target price on shares of Ingram Micro in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ingram Micro has a consensus rating of “Hold” and an average target price of $27.86.

Institutional Investors Weigh In On Ingram Micro

Large investors have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Ingram Micro by 13.6% during the fourth quarter. Invesco Ltd. now owns 84,460 shares of the company’s stock valued at $1,802,000 after buying an additional 10,144 shares during the last quarter. VARCOV Co. bought a new stake in Ingram Micro during the 4th quarter valued at $657,000. Wellington Management Group LLP boosted its position in Ingram Micro by 26.4% during the 4th quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock worth $56,834,000 after acquiring an additional 556,931 shares during the period. Occudo Quantitative Strategies LP grew its stake in shares of Ingram Micro by 113.5% in the fourth quarter. Occudo Quantitative Strategies LP now owns 51,937 shares of the company’s stock worth $1,108,000 after purchasing an additional 27,610 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Ingram Micro by 3.1% during the fourth quarter. Millennium Management LLC now owns 556,737 shares of the company’s stock valued at $11,881,000 after purchasing an additional 17,000 shares during the period.

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.