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

Ingram Micro (NYSE:INGM) announced its quarterly earnings results on Thursday. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 analyst estimates 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

Shares of NYSE INGM traded down $2.17 during trading on Friday, hitting $28.23. 708,181 shares of the company were exchanged, compared to its average volume of 1,197,318. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.93. Ingram Micro has a 1 year low of $18.09 and a 1 year high of $31.69. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 0.87 and a beta of 1.78. The firm’s fifty day moving average price is $28.56 and its 200 day moving average price is $25.59.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.086 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 11th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. Ingram Micro’s payout ratio is presently 22.52%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on INGM shares. Zacks Research upgraded Ingram Micro from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Raymond James Financial reissued an “outperform” rating and issued a $34.00 target price on shares of Ingram Micro in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Ingram Micro from $27.50 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Evercore set a $26.00 target price on shares of Ingram Micro in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

Insider Transactions at Ingram Micro

In other Ingram Micro news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $29.03, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Augusto Aragone sold 50,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the transaction, the vice president directly owned 150,465 shares of the company’s stock, valued at approximately $4,408,624.50. This trade represents a 24.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,227,069 shares of company stock valued at $151,765,013 in the last quarter. Insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Ingram Micro

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Ingram Micro by 27.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,126,480 shares of the company’s stock worth $66,719,000 after acquiring an additional 673,840 shares during the period. Wellington Management Group LLP boosted its position in Ingram Micro by 26.4% during the fourth quarter. Wellington Management Group LLP now owns 2,663,257 shares of the company’s stock worth $56,834,000 after purchasing an additional 556,931 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Ingram Micro by 157.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 789,266 shares of the company’s stock valued at $16,843,000 after purchasing an additional 482,723 shares during the last quarter. Norges Bank acquired a new stake in Ingram Micro in the fourth quarter valued at $8,536,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Ingram Micro in the third quarter valued at $6,839,000.

Ingram Micro News Summary

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

• Positive Sentiment: Q2 results substantially exceeded expectations. Net sales increased 13.6% year over year to approximately $14.5 billion, while non-GAAP earnings reached $0.82 per share versus the $0.73-$0.74 analyst consensus. GAAP net income rose roughly 193% to $110.9 million, reflecting significant operating leverage. Ingram Micro Reports Record Q2 2026 Results
• Positive Sentiment: Management issued better-than-expected revenue guidance. Ingram Micro forecast third-quarter revenue of $13.6 billion to $14.0 billion, above the approximately $13.4 billion consensus estimate. EPS guidance of $0.72 to $0.82 brackets the $0.75 consensus estimate. Ingram Micro earnings and guidance
• Positive Sentiment: The company raised its dividend following record quarterly results. The dividend increase adds to shareholder returns and signals confidence after the strong quarter. Ingram Micro Raises Dividend
• Neutral Sentiment: The earnings call emphasized the record quarter and improved operating leverage, though investors will likely look for evidence that the stronger profitability can be sustained in coming quarters. Ingram Micro Q2 2026 Earnings Call Transcript
• Negative Sentiment: Despite the earnings beat, Ingram Micro remains a low-margin business, with a reported net margin of only 0.66%. The company’s EPS outlook also spans both below and above consensus, leaving some uncertainty around near-term earnings momentum.

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.