Ingram Micro Holding Corporation (INGM)
NYSE:INGM
Want to see INGM full AI Analyst Report?
Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.73Last Year’s EPS
0.61Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and strategic picture: robust top-line growth (13.7% YoY), strong Cloud and Advanced Solutions performance, meaningful AI-driven productivity and conversion gains from the Xvantage platform, profitable EPS expansion (+23%), and improved leverage on the balance sheet (net-debt/EBITDA improved to 1.7x). Offsetting items include gross margin pressure from low-margin large GPU/AI deals (~35 bps drag), a seasonal adjusted free cash flow outflow of $962M, supply-driven ASP inflation and some project deferrals, and a more moderate Q2 growth guide. Overall, the company appears to be scaling its digital/AI platform successfully while navigating industry supply constraints and temporary margin mix effects.Company Guidance
Strong Top-Line Growth
Net sales of $13.96 billion, up 13.7% year-over-year (10% FX-neutral). All four regions delivered double-digit U.S. dollar growth in Q1, led by North America (~$5.0B) and APAC (~$4.1B). Q2 net sales guidance of $13.6B–$14.0B implies ~8% year-over-year growth at the midpoint.
Cloud and Advanced Solutions Outperformance
Cloud grew 25% year-over-year on an FX-neutral basis (34% excluding CloudBlue divestiture). Advanced Solutions grew 14% FX-neutral, driven by servers, networking and large GPU/AI infrastructure deals.
Profitability and EPS Expansion
Gross profit of $926 million, up 12% year-over-year. Adjusted income from operations of $262M, up 14% YoY. Non-GAAP net income was $175.5M, up 22% YoY, and non-GAAP diluted EPS was $0.75, up 23% and at the high end of guidance.
Operating Leverage and SG&A Efficiency
Operating expense leverage improved: SG&A decreased to 5.04% of net sales from 5.11% a year ago (12 basis point improvement), and adjusted income from operations margin was 1.88% vs 1.87% last year.
Balance Sheet and Capital Returns
Net working capital was $4.4B (up ~2% YoY) with net working capital days improving to 23 from 29. Cash of $916M and debt $3.3B produced a net-debt-to-adjusted-EBITDA ratio of 1.7x (improved from 2.0x). Repurchased $75M of stock from the majority owner, returned $19M in dividends and expanded the repurchase program; announced a quarterly dividend increase of 2.4% sequentially and 10.5% YoY.
Xvantage Platform & AI Impact
Xvantage adoption driving measurable outcomes: over 153,000 proactive IDA engagements in Q1 that helped convert >$800M in AI-led net sales; IDA-driven opportunities convert at ~4x the standard baseline. Over 2 million self-service orders in the quarter and >20% growth in average revenue per customer versus prior year.
Operational Innovation & IP
4 patents granted (of 35+ pending) protecting vendor-agnostic integration, dynamic SKU generation, configure-to-order automation and email-to-order generative AI. Email-to-order processed ~230,000 emails into orders in Q1 (+78% YoY), enabling >$1 billion in sales.
Regional Margin and Market Recoveries
LATAM delivered the highest gross margin across regions, up 69 basis points YoY driven by Xvantage-enabled automation. India showed strong progress and performed to plan, with IDA revenue up >200% quarter-over-quarter.
INGM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INGM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $30.77 | $27.91 | -9.29% |
Mar 02, 2026 | $21.27 | $24.32 | +14.33% |
Oct 30, 2025 | $21.90 | $22.79 | +4.08% |
Aug 06, 2025 | $18.67 | $18.65 | -0.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ingram Micro Holding Corporation (INGM) report earnings?
Ingram Micro Holding Corporation (INGM) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Ingram Micro Holding Corporation (INGM) earnings time?
Ingram Micro Holding Corporation (INGM) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INGM EPS forecast?
INGM EPS forecast for the fiscal quarter 2026 (Q2) is 0.73.