Ingram Micro (NYSE:INGM) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Ingram Micro (NYSE:INGM) released its quarterly earnings data on Thursday. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08, FiscalAI reports. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The firm had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $13.85 billion. 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 Price Performance

NYSE:INGM traded up $0.33 during mid-day trading on Thursday, hitting $30.46. 991,126 shares of the company’s stock traded hands, compared to its average volume of 952,153. 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 has a market cap of $7.06 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.78. The firm’s 50 day simple moving average is $28.56 and its 200 day simple moving average is $25.59. Ingram Micro has a 1 year low of $18.09 and a 1 year high of $31.69.

Insider Activity

In other news, VP Augusto Aragone sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the vice president directly owned 140,465 shares of the company’s stock, valued at $4,213,950. This trade represents a 6.65% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 that occurred on 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 transaction, the insider owned 177,466,319 shares of the company’s stock, valued at $5,151,847,240.57. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,227,069 shares of company stock worth $151,765,013 in the last ninety days. Insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Ingram Micro

A number of large investors have recently bought and sold shares of INGM. Comerica Bank raised its holdings in shares of Ingram Micro by 2,844.2% in the third quarter. Comerica Bank now owns 3,798 shares of the company’s stock worth $82,000 after acquiring an additional 3,669 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Ingram Micro by 33.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,136 shares of the company’s stock valued at $88,000 after acquiring an additional 1,031 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ingram Micro during the fourth quarter valued at $94,000. Aquatic Capital Management LLC purchased a new stake in Ingram Micro during the 3rd quarter worth about $110,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Ingram Micro during the 4th quarter worth about $210,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target for the company in a research report on Wednesday, May 27th. The Goldman Sachs Group upped their price target on Ingram Micro from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Zacks Research raised Ingram Micro from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ingram Micro in a report on Friday, July 24th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $34.00 target price on shares of Ingram Micro in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.29.

Ingram Micro Company Profile

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.