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Ingram Micro Holding Corporation (INGM)
NYSE:INGM
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Ingram Micro Holding Corporation
(NYSE:INGM)
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Rating:70Outperform
Price Target:
$24.00
▲(8.84% Upside)
Ingram Micro's overall stock score reflects a combination of moderate financial performance and strong technical indicators. The positive earnings call, highlighting strategic advancements and revenue growth, significantly boosts the score. However, profitability and liquidity challenges slightly temper the overall outlook.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.
Strategic Advancements
Expansion of the Xvantage platform reflects strategic innovation, positioning Ingram Micro as a leader in digital solutions and AI integration.
AI and Platform Momentum
Focus on AI-first strategy with advanced AI capabilities enhances competitive edge and supports future growth in tech-driven markets.
Negative Factors
Profitability Challenges
Low profitability margins indicate operational inefficiencies, which may hinder long-term financial health and shareholder returns.
Liquidity Concerns
Negative cash flow growth suggests potential liquidity issues, which could limit the company's ability to invest in growth opportunities.
Decline in Cloud Revenue
Declining cloud revenue may impact future growth prospects, as cloud services are a critical component of the IT sector's evolution.
Ingram Micro Holding Corporation (INGM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.08B
Dividend Yield1.43%
Average Volume (3M)362.09K
Price to Earnings (P/E)17.5
Beta (1Y)1.29
Revenue Growth7.06%
EPS Growth-8.83%
CountryUS
Employees23,500
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.72
Shares Outstanding235,072,660
10 Day Avg. Volume408,834
30 Day Avg. Volume362,094
Financial Highlights & Ratios
PEG Ratio-0.78
Price to Book (P/B)1.18
Price to Sales (P/S)0.09
P/FCF Ratio23.02
Enterprise Value/Market Cap1.65
Enterprise Value/Revenue0.16
Enterprise Value/Gross Profit2.41
Enterprise Value/Ebitda7.94
Forecast
1Y Price Target
$23.60Price Target Upside7.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)2.84
Revenue Forecast (FY)$51.75B
Ingram Micro Holding Corporation Business Overview & Revenue Model
Company DescriptionIngram Micro Holding Corporation (INGM) is a leading global technology and supply chain services provider headquartered in Irvine, California. The company operates primarily in the information technology sector, specializing in the distribution of IT products, logistics services, and technology solutions. Ingram Micro serves a diverse range of clients, including value-added resellers, retailers, and original equipment manufacturers (OEMs), offering a wide array of products such as computers, software, networking equipment, and cloud services.
How the Company Makes MoneyIngram Micro generates revenue through a multi-faceted business model primarily based on the distribution of technology products and services. The company earns significant revenue from its wholesale distribution of IT products, where it procures products from manufacturers and sells them to resellers and retailers. Additional revenue streams include IT services and solutions, including cloud computing and logistics services, which cater to the growing demand for integrated technology solutions. Ingram Micro's partnerships with major technology vendors, such as Microsoft, Cisco, and IBM, enhance its product offerings and market reach. The company also benefits from recurring revenue through managed services and subscription-based offerings, which provide a stable income stream. The combination of these factors contributes to Ingram Micro's robust earnings and market position.
Ingram Micro Holding Corporation Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 10, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance in terms of revenue growth and expansion of strategic platforms like Xvantage, alongside advancements in AI capabilities. However, challenges such as the impact of a ransomware incident and declines in some segments were noted. Despite these challenges, the overall guidance and strategic advancements indicate a positive outlook.Q3-2025 Updates
Positive Updates
Record Revenue Growth
Third-quarter revenues reached $12.6 billion, up 7.2% year-over-year, surpassing the high end of guidance.
Strong Performance of Client and Endpoint Solutions
Client and endpoint solutions grew nearly 13% on an FX-neutral basis, driven by strong demand for notebooks and desktops.
Expansion of Xvantage Platform
Xvantage platform contributes significantly to business outcomes, with IDA-driven revenue in non-U.S. operations growing by more than 100% in the quarter.
AI and Platform Momentum
Introduction of enterprise-grade AI agent built on Google's Gemini large language models, showcasing AI-first strategy.
Positive Outlook for Q4 2025
Guidance for Q4 includes net sales of $14 billion to $14.35 billion and gross profit of $935 million to $990 million.
Dividend Increase
Announced a 2.6% increase to the quarterly dividend to be paid in Q4.
Negative Updates
Impact of Ransomware Incident
July ransomware incident resulted in a 1% to 1.5% impact on net sales and a $0.02 to $0.03 reduction in EPS.
Decline in Advanced Solutions Sales
Advanced solutions sales were down 4.5% due to softer results in virtualization and infrastructure software.
Cloud Revenue Decline
Cloud revenue declined by 4% year-over-year, affected by noncore divestitures and higher mix of product sales recorded on a net basis.
Company Guidance
Ingram Micro's third quarter 2025 earnings call provided a comprehensive overview of the company's strong financial performance and strategic initiatives. The company reported revenues of $12.6 billion, a 7.2% increase year-over-year, surpassing the high end of their guidance. Non-GAAP diluted earnings per share reached $0.72, despite a slight impact from a ransomware incident in July. The call highlighted the success of the Xvantage digital platform, with the intelligent digital assistant (IDA) driving significant revenue growth, particularly outside the U.S., where IDA-driven revenue increased by over 100%. The company emphasized its strategic focus on AI, with the Enable AI program engaging thousands of customers and contributing to the development of integrated AI solutions. Additionally, Ingram Micro projected net sales for the fourth quarter to be between $14 billion and $14.35 billion, with expectations of continued growth across various business lines and geographies. The company's guidance reflected confidence in sustaining momentum and delivering value through its innovative platforms and strategic partnerships.Ingram Micro Holding Corporation Financial Statement Overview
Summary
Ingram Micro Holding Corporation shows moderate financial performance with slight revenue growth and low profitability margins. The balance sheet is stable with manageable debt levels, but the cash flow statement indicates liquidity issues, highlighting potential concerns.Income Statement
Ingram Micro Holding Corporation shows a modest revenue growth rate of 2.28% in the TTM, indicating a slight recovery from previous declines. The gross profit margin is stable at 6.81%, but the net profit margin is low at 0.57%, reflecting challenges in converting revenue into profit. The EBIT and EBITDA margins are also relatively low, suggesting operational efficiency could be improved. Overall, the income statement reflects moderate growth with room for profitability enhancements.65
Positive
Balance Sheet
The company's balance sheet shows a healthy debt-to-equity ratio of 0.30, indicating manageable leverage. The return on equity is 7.36%, which is moderate and suggests a decent return on shareholder investments. The equity ratio is 21.34%, reflecting a solid equity base relative to total assets. Overall, the balance sheet is stable with a strong equity position and manageable debt levels.70
Positive
Cash Flow
The cash flow statement reveals challenges, with negative free cash flow growth of -44.44% in the TTM, indicating cash generation issues. The operating cash flow to net income ratio is low at 0.01, suggesting difficulties in converting net income into cash. The free cash flow to net income ratio is 0.60, showing some ability to generate cash relative to net income. Overall, the cash flow position is weak, highlighting potential liquidity concerns.50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.02B | 47.98B | 48.04B | 50.82B | 54.46B | 49.12B |
| Gross Profit | 3.47B | 3.44B | 3.55B | 3.69B | 4.11B | 3.61B |
| EBITDA | 1.05B | 1.10B | 1.20B | 3.43B | 1.20B | 1.27B |
| Net Income | 289.59M | 264.22M | 352.71M | 2.39B | 475.21M | 640.47M |
Balance Sheet | ||||||
| Total Assets | 19.22B | 18.78B | 18.42B | 19.09B | 19.80B | 17.73B |
| Cash, Cash Equivalents and Short-Term Investments | 802.63M | 918.40M | 948.49M | 1.32B | 1.23B | 1.41B |
| Total Debt | 1.21B | 3.82B | 4.40B | 4.79B | 5.16B | 1.57B |
| Total Liabilities | 15.12B | 15.05B | 14.91B | 16.03B | 17.10B | 12.72B |
| Stockholders Equity | 4.10B | 3.73B | 3.51B | 3.06B | 2.69B | 5.01B |
Cash Flow | ||||||
| Free Cash Flow | -464.46M | 191.14M | -142.71M | -496.89M | -1.29B | 1.36B |
| Operating Cash Flow | -334.47M | 333.84M | 58.82M | -361.11M | -1.16B | 1.49B |
| Investing Cash Flow | 211.39M | 105.54M | -17.71M | 3.03B | -111.88M | -38.22M |
| Financing Cash Flow | 82.76M | -391.30M | -477.94M | -2.47B | 1.58B | -817.53M |
Ingram Micro Holding Corporation Technical Analysis
Positive
22.05
Price Trends
21.58
Positive
20.85
Positive
19.92
Positive
Market Momentum
0.23
Positive
52.94
Neutral
23.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INGM, the sentiment is Positive. The current price of 22.05 is above the 20-day moving average (MA) of 21.74, above the 50-day MA of 21.58, and above the 200-day MA of 19.92, indicating a bullish trend. The MACD of 0.23 indicates Positive momentum. The RSI at 52.94 is Neutral, neither overbought nor oversold. The STOCH value of 23.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INGM.
Ingram Micro Holding Corporation Risk Analysis
Ingram Micro Holding Corporation disclosed 54 risk factors in its most recent earnings report. Ingram Micro Holding Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
If we or Platinum sell shares of our Common Stock or are perceived by the public markets as intending to sell them, the market price of our Common Stock could decline. Q3, 2025
Ingram Micro Holding Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $40.36B | 19.39 | 14.50% | 1.48% | 7.44% | -4.57% | |
76 Outperform | $71.99B | 23.09 | 29.15% | 2.49% | 4.62% | 1.06% | |
74 Outperform | $30.32B | 18.99 | 16.39% | 2.89% | -1.97% | 48.61% | |
70 Outperform | $5.08B | 17.54 | 7.51% | 1.43% | 7.06% | -8.83% | |
67 Neutral | $18.11B | 21.88 | 109.26% | ― | 5.24% | -16.05% | |
62 Neutral | $18.71B | 18.17 | 43.01% | 1.75% | 6.09% | -3.84% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
INGM
Ingram Micro Holding Corporation
22.05
2.47
12.61%
CTSH
Cognizant
83.76
5.79
7.43%
IT
Gartner
249.57
-241.68
-49.20%
INFY
Infosys
19.18
-2.99
-13.49%
WIT
Wipro
2.86
-0.66
-18.75%
CDW
CDW
143.08
-28.86
-16.78%
Ingram Micro Holding Corporation Corporate Events
Financial Disclosures
Ingram Micro Reports Strong Q3 2025 Sales Growth
Positive
Oct 30, 2025
Ingram Micro reported its fiscal third quarter 2025 results, showcasing a 7.2% increase in net sales to $12.6 billion, marking the fourth consecutive quarter of sales growth. The company highlighted strong performance across all key metrics, driven by solid execution and disciplined expense management, and expressed confidence in continuing this trend into the fourth quarter.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.