Ingram Micro (NYSE:INGM) Shares Down 10% – Here’s What Happened

Ingram Micro Holding Corporation (NYSE:INGM) shares fell 10% during trading on Friday . The stock traded as low as $28.00 and last traded at $27.3710. 113,828 shares changed hands during trading, a decline of 90% from the average daily volume of 1,192,862 shares. The stock had previously closed at $30.40.

Key Ingram Micro News

Here are the key news stories impacting Ingram Micro this week:

• Positive Sentiment: Ingram Micro delivered record Q2 results: revenue rose 13.6% year over year to $14.5 billion, while non-GAAP EPS increased 34.4% to $0.82. GAAP net income also more than doubled to $110.9 million. Ingram Micro Reports Record Q2 2026 Results
• Positive Sentiment: Q2 EPS of $0.82 exceeded analysts’ estimates of approximately $0.73-$0.74, and revenue of $14.53 billion topped the roughly $13.85 billion consensus. EPS also improved from $0.61 a year earlier. Ingram Micro Surpasses Q2 Estimates
• Positive Sentiment: Management issued Q3 revenue guidance of $13.6 billion-$14.0 billion, above the $13.4 billion consensus, and raised the dividend following the record quarter. Ingram Micro Raises Dividend
• Neutral Sentiment: Q3 EPS guidance of $0.72-$0.82 brackets the $0.75 analyst estimate; the midpoint is slightly above consensus, but the lower end leaves room for caution. Ingram Micro Q3 Guidance
• Negative Sentiment: Despite the earnings and guidance beats, INGM traded lower after the announcement, indicating investors may be taking profits or looking for stronger forward expectations. Its thin net margin of 0.66% also highlights the sensitivity of earnings to operating conditions.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INGM shares. Royal Bank Of Canada lifted their price objective on shares of Ingram Micro from $24.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research raised shares of Ingram Micro from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Truist Financial raised their target price on Ingram Micro from $25.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen cut Ingram Micro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley upped their price target on Ingram Micro from $27.50 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.71.

Ingram Micro Stock Performance

The company has a market cap of $6.56 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 0.87 and a beta of 1.78. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average price is $28.56 and its 200 day moving average price is $25.59.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. Ingram Micro had a net margin of 0.66% and a return on equity of 17.19%. The business had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $13.85 billion. Ingram Micro has set its Q3 2026 guidance at 0.720-0.820 EPS. As a group, research analysts expect that Ingram Micro Holding Corporation will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Platinum Equity, Llc sold 5,167,069 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $29.03, for a total value of $150,000,013.07. Following the sale, the insider directly owned 177,466,319 shares of the company’s stock, valued at approximately $5,151,847,240.57. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Augusto Aragone sold 50,000 shares of Ingram Micro stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $29.30, for a total value of $1,465,000.00. Following the completion of the transaction, the vice president owned 150,465 shares in the company, valued at $4,408,624.50. The trade was a 24.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,227,069 shares of company stock valued at $151,765,013. Company insiders own 0.95% of the company’s stock.

Institutional Trading of Ingram Micro

Several hedge funds have recently added to or reduced their stakes in INGM. Geode Capital Management LLC increased its position in Ingram Micro by 11.8% in the 2nd quarter. Geode Capital Management LLC now owns 103,184 shares of the company’s stock worth $2,150,000 after buying an additional 10,878 shares during the period. Rhumbline Advisers boosted its position in shares of Ingram Micro by 6.3% in the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after acquiring an additional 803 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Ingram Micro in the second quarter worth $755,000. Invesco Ltd. increased its position in Ingram Micro by 29.0% during the second quarter. Invesco Ltd. now owns 60,522 shares of the company’s stock worth $1,261,000 after acquiring an additional 13,605 shares during the period. Finally, Jump Financial LLC bought a new position in Ingram Micro during the second quarter worth $1,852,000.

Ingram Micro Company Profile

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro’s end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company’s offerings are organized across several core areas.