Ingram Micro (NYSE:INGM) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Ingram Micro (NYSE:INGM) announced its earnings results on Thursday. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13, FiscalAI reports. The business had revenue of $15.22 billion for the quarter, compared to analyst estimates of $13.83 billion. Ingram Micro had a net margin of 0.77% and a return on equity of 18.07%. During the same period last year, the firm posted $0.72 earnings per share.

Here are the key takeaways from Ingram Micro’s conference call:

• Record Q3 performance: Net sales rose 20.8% year over year to $15.22 billion, while non-GAAP diluted EPS increased 26% to $0.91, exceeding the high end of guidance.
• AI and broad-based demand remain strong. GPU and AI infrastructure revenue climbed nearly 160% to more than $1.8 billion, while Advanced Solutions grew 40%, Cloud 30%, and Lifecycle Services 35%; management expects continued healthy AI project growth in Q4.
• Management raised its Q4 and full-year 2026 outlook, forecasting Q4 sales of $17.5 billion to $17.9 billion and non-GAAP EPS of $1.05 to $1.15, supported by resilient demand and the additional 53rd week.
• Operating leverage and cash generation improved. OpEx declined to 4.62% of sales, adjusted operating income rose 25%, Q3 adjusted free cash flow reached $250 million, and net debt leverage improved to 1.9 times.
• Gross margin fell 35 basis points to 6.55%, primarily due to the growing mix of lower-margin GPU and AI infrastructure deals and geographic mix; management also expects Q4 gross margin to be seasonally lower, although excluding AI deals it projects margins in the high 6% range.

Ingram Micro Stock Performance

Shares of INGM stock traded up $0.13 during mid-day trading on Thursday, hitting $28.53. The stock had a trading volume of 2,511,264 shares, compared to its average volume of 1,388,169. Ingram Micro has a fifty-two week low of $19.03 and a fifty-two week high of $31.69. The firm has a market cap of $6.58 billion, a PE ratio of 15.59, a PEG ratio of 0.73 and a beta of 1.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 0.88. The company’s 50-day simple moving average is $27.55 and its 200-day simple moving average is $26.29.

Insider Buying and Selling at Ingram Micro

In other news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the transaction, the insider directly owned 162,372,569 shares in the company, valued at $4,414,910,151.11. The trade was a 1.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on INGM. Wall Street Zen downgraded shares of Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $33.00 price target on shares of Ingram Micro in a research note on Friday, July 31st. Truist Financial raised their price objective on shares of Ingram Micro from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ingram Micro from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a report on Monday, August 31st. They issued a “hold” rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Ingram Micro has an average rating of “Hold” and a consensus price target of $30.50.

About Ingram Micro

Ingram Micro Inc is a global technology distribution and services company that connects technology manufacturers with businesses, resellers, systems integrators and other channel partners. Its portfolio includes hardware, software, cloud solutions, cybersecurity products, networking equipment, data-center technologies and communications solutions.

The company also provides value-added services such as cloud marketplace management, device lifecycle services, logistics, fulfillment, financing support, technical assistance and professional services.