Ingram Micro (NYSE:INGM) Releases Earnings Results, Beats Estimates By $0.08 EPS

Ingram Micro (NYSE:INGM) posted its earnings results on Thursday. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08, FiscalAI reports. The company had revenue of $14.53 billion during the quarter, compared to analysts’ expectations of $13.85 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.17%. 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 Trading Down 7.6%

Shares of NYSE:INGM traded down $2.30 during trading on Friday, reaching $28.10. The company’s stock had a trading volume of 1,613,015 shares, compared to its average volume of 916,147. The stock has a market capitalization of $6.51 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.78. Ingram Micro has a 12 month low of $18.09 and a 12 month high of $31.69. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The firm’s 50 day simple moving average is $28.59 and its two-hundred day simple moving average is $25.61.

Ingram Micro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be issued a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 11th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is 18.03%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Ingram Micro from $24.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research upgraded Ingram Micro from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Evercore set a $26.00 target price on Ingram Micro in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ingram Micro in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. raised Ingram Micro from an “underweight” rating to a “neutral” rating and set a $27.00 price target for the company in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Ingram Micro presently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

Key Ingram Micro News

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

• Positive Sentiment: Record Q2 performance exceeded expectations. Ingram Micro reported approximately $14.5 billion in sales, up 13.6% year over year, while non-GAAP earnings reached $0.82 per share versus the $0.73-$0.74 analyst consensus. GAAP net income rose 193.1% year over year to $110.9 million, reflecting significant operating leverage. Ingram Micro Reports Record Q2 2026 Results
• Positive Sentiment: Third-quarter revenue guidance is above Wall Street expectations. Management forecast revenue of $13.6 billion to $14.0 billion, compared with the $13.4 billion consensus estimate. EPS guidance of $0.72 to $0.82 brackets the $0.75 consensus. Ingram Micro’s Sales, EPS Top Estimates
• Positive Sentiment: Ingram Micro raised its quarterly dividend. The payment will increase 2.4% to $0.086 per share, implying an annualized dividend of approximately $0.344 and a yield near 1.2%. The ex-dividend date is August 11, with payment scheduled for August 25. Ingram Micro Raises Dividend Following Record Quarterly Results
• Neutral Sentiment: Profitability remains thin. Although earnings growth was strong, reported net margin was only 0.66%, underscoring the sensitivity of results to operating costs and execution.
• Negative Sentiment: The stock’s decline suggests investors may be taking profits or demanding more evidence of durable growth. Shares are near their 12-month high following a substantial advance, while the midpoint of Q3 EPS guidance is only modestly above the prior-year comparison and does not significantly exceed consensus.

Insider Buying and Selling

In other news, VP Augusto Aragone sold 10,000 shares of Ingram Micro stock in a transaction that occurred on 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 transaction, the vice president owned 140,465 shares in the company, valued at approximately $4,213,950. The trade was a 6.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $29.03, for a total value of $150,000,013.07. Following the transaction, the insider directly owned 177,466,319 shares in the company, valued at approximately $5,151,847,240.57. This represents a 2.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 5,227,069 shares of company stock worth $151,765,013. Company insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in Ingram Micro by 27.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock worth $66,719,000 after buying an additional 673,840 shares during the period. Wellington Management Group LLP raised its stake in shares of Ingram Micro by 26.4% in the fourth quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock valued at $56,834,000 after acquiring an additional 556,931 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Ingram Micro by 28.5% in the third quarter. Ameriprise Financial Inc. now owns 1,323,583 shares of the company’s stock valued at $28,444,000 after acquiring an additional 293,562 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Ingram Micro by 157.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 789,266 shares of the company’s stock worth $16,843,000 after acquiring an additional 482,723 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Ingram Micro by 3.1% in the 4th quarter. Millennium Management LLC now owns 556,737 shares of the company’s stock worth $11,881,000 after acquiring an additional 17,000 shares during the last quarter.

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.