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Ingram Micro Holding Corporation (INGM)
NYSE:INGM
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.72Last Year’s EPS
0.61Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong execution: robust revenue growth, record quarterly adjusted free cash flow, improved leverage and clear progress in the Xvantage platform and AI initiatives. These positives are tempered by margin compression driven by mix shift into lower-margin client/endpoint sales and AI/GPU fulfillment projects, regional margin differentials (APAC), and near-term uncertainty from tariffs, rising ASPs and potential lumpiness of large AI deals. Management provided conservative near-term guidance while articulating a pathway for margin recovery via mix improvement and platform-driven efficiencies.Company Guidance
Quarterly and Full-Year Revenue Growth
Q4 net sales $14.88B, up 11.5% year-over-year (9.1% FX-neutral). Full-year net sales $52.6B, up 9.5% from 2024 (9.0% FX-neutral). Growth was broad-based across all regions and customer categories, led by APAC and North America.
Record Adjusted Free Cash Flow
Adjusted free cash flow in Q4 was $1.63B (highest quarterly level in more than a decade) versus $337.2M in prior fiscal Q4. Full-year adjusted free cash flow was $1.10B versus $443.3M in the prior year, exceeding the target of generating free cash flow at a rate of 30%+ of adjusted EBITDA.
Earnings and Profitability Gains
Q4 non-GAAP diluted EPS $0.96 (above high end of guidance) vs $0.92 prior year. Full-year non-GAAP net income $681.9M, up 8.6% YoY; full-year non-GAAP diluted EPS $2.90. Adjusted EBITDA for the year $1.36B (up from $1.32B).
Improved Operating Leverage and Expense Discipline
Full-year operating expenses $2.63B (5.0% of net sales), representing a 47-basis-point improvement in OpEx leverage versus 2024. Q4 operating expenses were $656.7M or 4.41% of net sales versus 5.15% prior year (74-basis-point improvement), reflecting cost reductions and Xvantage-driven efficiencies.
Balance Sheet and Leverage Improvements
Net working capital improved to $3.6B from $4.1B a year ago; working capital days improved to 24 from 26. Cash and equivalents $1.86B, total debt $3.2B. Net debt to adjusted EBITDA leverage ratio improved sequentially from 2.2x to 1.0x. Paid down $125M of term loan in 2025 and an incremental $200M in Feb 2026; $1.89B total repayments since 2022.
Xvantage Platform Momentum and Productivity Gains
Self-service orders on Xvantage increased over 100% YoY. Average revenue per Xvantage customer rose 14% sequentially (Q3 to Q4) and over 30% YoY. In largest rollout countries, headcount decreased while revenue and gross profit per go-to-market head increased, demonstrating productivity improvements.
AI and Automation Adoption
Significant AI-related initiatives: IDA enabled >0.5 million proactive engagements and converted >100,000 opportunities into orders (nearly 3x normal conversion), with IDA orders containing advanced/cloud products nearly twice as often. IDA revenue currently mid-single-digit % of total revenue, with an expectation to reach double-digit % by end of 2026. Launched Sales Brief Agent pilot and Enable AI program for partners.
Intellectual Property and Innovation
Granted 2 patents (including e-mail-to-order automation using generative AI) with over 35 patents pending, underscoring proprietary capabilities in automation and AI-driven workflow optimization.
Q1 2026 Guidance
Guided Q1 net sales $12.45B–$12.80B (approx. +2.8% year-over-year at midpoint). Guided Q1 gross profit $840M–$895M (approx. 6.87% gross margin at midpoint), representing a ~38-basis-point sequential improvement vs Q4 and ~12-basis-point YoY improvement at midpoint. Non-GAAP EPS guidance $0.67–$0.75.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $19.39 | $18.92 | -2.39% |
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 May 07, 2026, After Close (Confirmed).
What is Ingram Micro Holding Corporation (INGM) earnings time?
Ingram Micro Holding Corporation (INGM) earnings time is at May 07, 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 (Q1) is 0.72.