Ingram Micro (NYSE:INGM) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Ingram Micro (NYSE:INGM) issued 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 firm 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%.The firm’s revenue was up 13.7% compared to the same quarter last year. 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 Down 9.0%

INGM stock traded down $2.77 during midday trading on Friday, reaching $28.01. 3,171,875 shares of the company were exchanged, compared to its average volume of 1,005,341. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 1.33. Ingram Micro has a 1-year low of $18.05 and a 1-year high of $31.38. The stock’s 50-day simple moving average is $24.91 and its 200 day simple moving average is $22.71. The company has a market cap of $6.49 billion, a price-to-earnings 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.084 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This is an increase from Ingram Micro’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%. Ingram Micro’s dividend payout ratio is 23.19%.

Institutional Investors Weigh In On Ingram Micro

A number of institutional investors and hedge funds have recently bought and sold shares of INGM. Geode Capital Management LLC lifted its position in Ingram Micro by 11.8% in the second quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock valued at $2,150,000 after acquiring an additional 10,878 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Ingram Micro by 6.3% in the 2nd quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after purchasing an additional 803 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Ingram Micro in the 2nd quarter valued at about $755,000. Invesco Ltd. boosted its position in shares of Ingram Micro by 29.0% in the 2nd quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock valued at $1,261,000 after purchasing an additional 13,605 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Ingram Micro in the 2nd quarter valued at about $1,852,000.

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

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

Analyst Upgrades and Downgrades

INGM has been the topic of a number of research reports. Raymond James Financial restated an “outperform” rating and set a $34.00 price target on shares of Ingram Micro in a research note on Friday. William Blair restated an “outperform” rating on shares of Ingram Micro in a report on Tuesday, March 3rd. Truist Financial began coverage on shares of Ingram Micro in a report on Tuesday, March 31st. They issued a “hold” rating and a $25.00 price objective for the company. Evercore set a $26.00 price objective on shares of Ingram Micro in a report on Monday, April 20th. Finally, Zacks Research raised Ingram Micro from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.86.

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.