Ingram Micro (NYSE:INGM) Posts Earnings Results

Ingram Micro (NYSE:INGM) released its earnings results on Monday. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06, FiscalAI reports. Ingram Micro had a return on equity of 17.04% and a net margin of 0.62%.The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.18 billion. The company’s revenue for the quarter was up 11.5% on a year-over-year basis.

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

• Ingram Micro beat guidance, reporting Q4 revenue up 11.5% and EPS of $0.96, with Q4 adjusted free cash flow of $1.63 billion (highest quarterly level in >10 years) and full‑year improvements that cut net debt/adjusted EBITDA to ~1.0x.
• Management highlighted the Xvantage platform and AI initiatives as core drivers of efficiency and growth—over 400 ML models, 2 patents granted (35+ pending), IDA enabled >500,000 proactive engagements and converted >100,000 opportunities, and IDA is expected to reach double‑digit % of revenue by end of 2026.
• A continuing sales mix shift toward lower‑margin client & endpoint solutions and strong APAC/AI infrastructure projects compressed gross margin (Q4 gross margin down ~51 bps YoY), with GPU/AI deals alone reducing Q4 margin by ~15 bps despite being low cost‑to‑serve and working‑capital efficient.
• Strong working capital execution reduced net working capital to $3.6 billion, left $1.86 billion in cash, and supported ongoing debt paydown (≈$1.89 billion repaid since 2022); company expects to sustain >30% adjusted EBITDA→FCF conversion across 2025–26 while guiding modest Q1 2026 revenue growth and sequential gross margin improvement.

Ingram Micro Trading Up 14.5%

Shares of Ingram Micro stock opened at $24.44 on Wednesday. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $21.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.41. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.76 and a beta of 2.27. Ingram Micro has a fifty-two week low of $14.25 and a fifty-two week high of $25.51.

Ingram Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.082 dividend. This is a boost from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, March 10th. Ingram Micro’s payout ratio is currently 26.02%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INGM. Wall Street Zen upgraded Ingram Micro from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Raymond James Financial set a $27.00 price target on shares of Ingram Micro in a research note on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a $24.00 price target on shares of Ingram Micro in a research report on Monday, December 22nd. William Blair reiterated an “outperform” rating on shares of Ingram Micro in a report on Tuesday. Finally, Zacks Research upgraded Ingram Micro from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ingram Micro currently has an average rating of “Hold” and a consensus price target of $25.00.

Key Ingram Micro News

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

• Positive Sentiment: Quarterly beat — Ingram Micro reported fiscal Q4 sales of about $14.9B (up ~11.5% YoY) and beat revenue and EPS consensus, highlighting revenue strength and operating-profit improvement. This is the primary catalyst for the stock rally. Business Wire: Q4 Results
• Positive Sentiment: Strong cash flow and growth drivers — Management highlighted robust operating cash generation and accelerating cloud/AI-driven revenue (Xvantage expansion), supporting higher-margin service lines and potential multi-year growth. Seeking Alpha: Cloud & AI Growth
• Positive Sentiment: Market reaction / momentum — Multiple outlets noted a strong post-earnings pop and heavy intraday trading as investors reposition on the beat and guidance commentary. High volume amplifies the move and shows conviction. Investing.com: Shares Jump
• Neutral Sentiment: Mixed near-term guidance — Q1 EPS guidance of $0.670–0.750 versus a consensus ~$0.710 is roughly neutral (range overlaps consensus; midpoint slightly below). Revenue guidance $12.5B–$12.8B is in line with estimates. This tempers the beat but doesn’t negate the stronger full-year commentary.
• Negative Sentiment: Analyst stance / limited near-term upside — Morgan Stanley raised its target to $23 but kept an “equal weight” rating (implying limited upside from current levels), which could cap further gains if more analysts stay cautious. Benzinga: Morgan Stanley PT
• Negative Sentiment: Headline noise and data discrepancies — Some third‑party feeds reported differing EPS figures, which briefly contributed to volatility; watch for clarified GAAP vs. non‑GAAP metrics in the filings/call slides. Quiver / data-note

Ingram Micro declared that its board has approved a share repurchase plan on Monday, March 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Comerica Bank lifted its holdings in shares of Ingram Micro by 2,844.2% in the 3rd 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 position 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 worth $88,000 after buying an additional 1,031 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ingram Micro in the fourth quarter valued at $94,000. Aquatic Capital Management LLC acquired a new position in Ingram Micro in the 3rd quarter valued at about $110,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Ingram Micro during the fourth quarter worth about $210,000.

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.