Ingram Micro (NYSE:INGM) Releases Quarterly Earnings Results

Ingram Micro (NYSE:INGM) posted its quarterly earnings data on Thursday. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05, FiscalAI reports. The business had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $12.76 billion. Ingram Micro had a return on equity of 16.78% and a net margin of 0.62%.Ingram Micro’s revenue was up 13.7% on a year-over-year basis. Ingram Micro updated its Q2 2026 guidance to 0.680-0.780 EPS.

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

• Strong Q1 results — Net sales were $13.96 billion (up 13.7% YoY), gross profit rose ~12%, and non‑GAAP EPS was $0.75 (up 23%), with results at or above the high end of guidance.
• Xvantage and AI traction — The company highlighted 400+ AI/ML models, IDA-driven opportunities that converted at ~4x baseline and helped generate >$800M in AI‑led net sales, plus multiple granted patents and growing automation benefits.
• Growth mix and margin impact — Cloud and Advanced Solutions (including large GPU/AI infrastructure deals) drove top‑line growth, but those AI/GPU projects are low margin and reduced gross margin by roughly 35 basis points in Q1.
• Stronger balance sheet and shareholder returns — Net debt/EBITDA improved to ~1.7x, the company repurchased $75M of stock from the majority owner, expanded its buyback program, and raised the quarterly dividend.
• Q2 outlook and near‑term headwinds — Q2 guidance calls for $13.6B–$14.0B in net sales (≈+8% midpoint) and $0.68–$0.78 EPS, while memory supply constraints and Middle East volatility are expected to create ongoing near‑term uncertainty.

Ingram Micro Stock Performance

Shares of NYSE INGM traded down $2.77 during trading on Friday, reaching $28.01. 3,171,875 shares of the stock traded hands, compared to its average volume of 1,005,341. Ingram Micro has a 52-week low of $18.05 and a 52-week high of $31.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.33 and a quick ratio of 0.97. The company has a 50-day moving average of $24.91 and a 200-day moving average of $22.71. The stock has a market capitalization of $6.49 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39.

Ingram Micro Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be given a dividend of $0.084 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.2%. Ingram Micro’s payout ratio is presently 23.19%.

Analyst Ratings Changes

INGM has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. William Blair reissued an “outperform” rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Zacks Research raised Ingram Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Truist Financial began coverage on shares of Ingram Micro in a research report on Tuesday, March 31st. They set a “hold” rating and a $25.00 target price for the company. Finally, Weiss Ratings upgraded shares of Ingram Micro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.86.

Ingram Micro declared that its board has authorized a stock buyback program on Monday, March 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Ingram Micro by 13.6% in the fourth quarter. Invesco Ltd. now owns 84,460 shares of the company’s stock worth $1,802,000 after buying an additional 10,144 shares in the last quarter. VARCOV Co. purchased a new position in shares of Ingram Micro during the fourth quarter valued at about $657,000. Wellington Management Group LLP grew 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 worth $56,834,000 after acquiring an additional 556,931 shares during the last quarter. Occudo Quantitative Strategies LP boosted its position in shares of Ingram Micro by 113.5% during the fourth quarter. Occudo Quantitative Strategies LP now owns 51,937 shares of the company’s stock valued at $1,108,000 after buying an additional 27,610 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Ingram Micro by 3.1% during the 4th quarter. Millennium Management LLC now owns 556,737 shares of the company’s stock valued at $11,881,000 after acquiring an additional 17,000 shares during the period.

Key Headlines Impacting Ingram Micro

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

• Positive Sentiment: Q1 results beat consensus — Non‑GAAP EPS $0.75 (vs. $0.70 est.) and net sales $14.0B, up 13.7% YoY, with double‑digit net income growth. Strong revenue and earnings upside are supportive of the stock’s fundamental outlook. Business Wire: Q1 Results
• Positive Sentiment: Capital return boost — Company raised its quarterly dividend to $0.084 and expanded the buyback program, which supports shareholder returns and reduces share count over time. TipRanks: Dividend & Buyback
• Positive Sentiment: Revenue guidance above Street — Fiscal Q2 revenue guidance was raised to $13.6B–$14.0B, which is above consensus and indicates continued demand recovery in distribution channels. Business Wire: Guidance
• Neutral Sentiment: EPS guidance range is mixed — Q2 EPS guidance of $0.680–$0.780 overlaps the $0.720 consensus but is a wide range, leaving ambiguity on margin trajectory and near‑term profitability. Investors will look to management commentary for drivers. Yahoo: Earnings Call Highlights
• Neutral Sentiment: Earnings call/transcript available — Management commentary in the call and transcript will be important to parse mix, margin outlook, and working capital dynamics; read the transcript for color on demand and supply trends. Seeking Alpha: Call Transcript
• Negative Sentiment: Shares dropped sharply on the print — Despite the beat, the stock fell as some investors sold into the strength, likely reacting to the EPS guidance range, profit‑taking after a strong run, and short‑term uncertainty. Yahoo: Stock Drop
• Negative Sentiment: Investor litigation notice — Pomerantz LLP announced an investigation into Ingram Micro on behalf of investors, introducing legal risk and potential distraction that can weigh on investor sentiment. PR Newswire: Pomerantz Investigation

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.