Ingram Micro (NYSE:INGM) Announces Quarterly Earnings Results

Ingram Micro (NYSE:INGM) released its quarterly earnings results on Thursday. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13, FiscalAI reports. Ingram Micro had a return on equity of 18.07% and a net margin of 0.77%. The company had revenue of $15.22 billion for the quarter, compared to analyst estimates of $13.83 billion. During the same quarter in the previous year, the company posted $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 Down 4.0%

Shares of NYSE:INGM traded down $1.15 during trading on Friday, hitting $27.46. The company’s stock had a trading volume of 1,094,704 shares, compared to its average volume of 1,334,135. Ingram Micro has a fifty-two week low of $19.03 and a fifty-two 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. The company has a market capitalization of $6.34 billion, a PE ratio of 15.08, a PEG ratio of 0.73 and a beta of 1.76. The stock’s 50-day moving average price is $27.55 and its two-hundred day moving average price is $26.29.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 9th will be paid a dividend of $0.0880 per share. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.0860. The ex-dividend date of this dividend is Monday, November 9th. This represents a $0.35 annualized dividend and a yield of 1.3%. Ingram Micro’s payout ratio is presently 18.58%.

Insider Buying and Selling

In related news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of Ingram Micro stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $27.19, for a total value of $53,530,312.50. Following the sale, the insider directly owned 162,372,569 shares in the company, valued at $4,414,910,151.11. This trade represents a 1.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.95% of the stock is currently owned by insiders.

More Ingram Micro News

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

• Positive Sentiment: Quarterly results exceeded expectations. Ingram Micro reported adjusted earnings of $0.91 per share, up from $0.72 a year earlier and above the $0.78 analyst consensus. Revenue reached $15.22 billion, substantially higher than the $13.83 billion estimate. Ingram Micro Q3 earnings and revenues top estimates
• Positive Sentiment: Management provided an optimistic outlook. Coverage of the earnings call and company presentation characterized the quarter as a record period and indicated optimistic revenue guidance for the following quarter, supporting expectations for continued sales momentum. Ingram Micro reports strong Q3 and optimistic guidance
• Positive Sentiment: Ingram Micro raised its dividend. The quarterly payout increased 2.3% to $0.088 per share, or $0.35 annualized, with a 1.2% indicated yield. Shares trade ex-dividend on November 9, with payment scheduled for November 23. Ingram Micro announces record results and dividend increase
• Neutral Sentiment: Profitability remains a consideration. Although earnings beat estimates, reported net margin was only 0.77%, leaving investors attentive to whether strong revenue growth can translate into sustained margin expansion. The stock is also near its 52-week high, which may increase sensitivity to profit-taking.

Analyst Ratings Changes

INGM has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a research note on Monday, August 31st. They issued a “hold” rating and a $30.00 price objective for the company. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Weiss Ratings upgraded Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $33.00 price target on shares of Ingram Micro in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.50.

About Ingram Micro

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.