Ingram Micro’s Earnings Call Highlights Strong Growth and Strategic Advances

Ingram Micro Holding Corporation ((INGM)) has held its Q1 earnings call. Read on for the main highlights of the call.

Ingram Micro Holding Corporation’s recent earnings call painted a generally positive picture, highlighting strong revenue growth and successful technological advancements. However, the company also acknowledged challenges such as gross margin pressures, tariff uncertainties, and competitive pressures in certain markets.

Strong Revenue Growth

Ingram Micro reported impressive net revenue of $12.3 billion, marking an 11% increase year over year on an FX neutral basis. This figure surpassed the high end of the guidance provided in the previous quarter by 4%, underscoring the company’s robust financial performance.

Successful Cloud and AI Platform Implementation

The company has invested over $600 million in its cloud infrastructure, laying the foundation for the xVantage digital platform. Implemented in 20 out of 57 countries, this platform has significantly increased self-service orders, more than tripling them compared to the previous year.

Recognition for Innovative Technology

Ingram Micro’s commitment to innovation was recognized with three IF design awards in 2025. These awards were in the user experience category for mobile, email to order, and insights and recommendation solutions within the xVantage platform.

Regional Sales Performance

North America led the way with net sales of $4.43 billion, a 10.4% year-over-year increase on an FX neutral basis. The Asia Pacific region showed the strongest growth, with net sales rising by 20.1% year over year.

Improved Productivity and Efficiency

In the U.S., where the xVantage platform is most developed, Ingram Micro saw significant gains in revenue generation and cost leverage, both experiencing double-digit growth per head.

Gross Margin Pressure

Despite the positive revenue growth, Ingram Micro faced a reduction in overall gross margins, down 62 basis points from the previous year. This was attributed to a higher concentration of sales in lower-margin regions.

Tariff and Macro Uncertainties

The company highlighted the challenges posed by the current tariff environment, which could impact demand and pricing. The macroeconomic environment remains volatile, adding to the uncertainties.

Latin America Sales Decline

Sales in Latin America decreased by 8.5% in US dollars, although the decline was only 0.3% when adjusted for constant currency, indicating a relatively stable performance in client and endpoint solutions.

India Market Competitiveness

Ingram Micro continues to face intense competition in the Indian market, affecting margins and necessitating strategic adjustments in their go-to-market strategies.

Forward-Looking Guidance

Looking ahead, Ingram Micro projects Q2 net sales to range between $11.77 billion and $12.17 billion, with gross profit expected to be between $800 million and $850 million. The non-GAAP EPS is anticipated to be between $0.53 and $0.63. The company remains optimistic about its strategic growth and operational leverage, despite ongoing economic uncertainties.

In conclusion, Ingram Micro’s earnings call reflected a positive sentiment, driven by strong revenue growth and successful technological implementations. While challenges such as margin pressures and market competition persist, the company’s strategic investments and forward-looking guidance suggest a promising outlook.