Ingram Micro (NYSE:INGM) Posts Earnings Results, Beats Estimates By $0.13 EPS

Ingram Micro (NYSE:INGM) announced its earnings results on Thursday. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13, FiscalAI reports. The company had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $13.83 billion. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%. During the same quarter in the prior year, the company earned $0.72 earnings per share.

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

• Record Q3 performance: Net sales rose 20.8% year over year to $15.22 billion, while non-GAAP diluted EPS increased 26% to $0.91, exceeding the high end of guidance.
• AI and broad-based demand remain strong. GPU and AI infrastructure revenue climbed nearly 160% to more than $1.8 billion, while Advanced Solutions grew 40%, Cloud 30%, and Lifecycle Services 35%; management expects continued healthy AI project growth in Q4.
• Management raised its Q4 and full-year 2026 outlook, forecasting Q4 sales of $17.5 billion to $17.9 billion and non-GAAP EPS of $1.05 to $1.15, supported by resilient demand and the additional 53rd week.
• Operating leverage and cash generation improved. OpEx declined to 4.62% of sales, adjusted operating income rose 25%, Q3 adjusted free cash flow reached $250 million, and net debt leverage improved to 1.9 times.
• Gross margin fell 35 basis points to 6.55%, primarily due to the growing mix of lower-margin GPU and AI infrastructure deals and geographic mix; management also expects Q4 gross margin to be seasonally lower, although excluding AI deals it projects margins in the high 6% range.

Ingram Micro Stock Up 0.5%

Shares of INGM traded up $0.13 during trading hours on Thursday, hitting $28.53. The company had a trading volume of 2,511,264 shares, compared to its average volume of 1,388,169. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.73 and a beta of 1.76. The firm has a fifty day moving average price of $27.55 and a 200-day moving average price of $26.29. Ingram Micro has a 52-week low of $19.03 and a 52-week high of $31.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.31.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research lowered Ingram Micro from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Wall Street Zen cut Ingram Micro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Truist Financial upped their price target on Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 price objective on shares of Ingram Micro in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.50.

Insider Buying and Selling

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the completion of the sale, the insider directly owned 162,372,569 shares in the company, valued at approximately $4,414,910,151.11. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.95% of the company’s stock.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distribution and services company that connects technology manufacturers with businesses, resellers, systems integrators and other channel partners. Its portfolio includes hardware, software, cloud solutions, cybersecurity products, networking equipment, data-center technologies and communications solutions.

The company also provides value-added services such as cloud marketplace management, device lifecycle services, logistics, fulfillment, financing support, technical assistance and professional services.