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

Ingram Micro (NYSE:INGM) released its quarterly earnings data on Thursday. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13, FiscalAI reports. The business had revenue of $15.22 billion during the quarter, compared to analyst estimates of $13.83 billion. Ingram Micro had a return on equity of 18.90% and a net margin of 0.79%. During the same period last year, the company posted $0.72 EPS.

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 Trading Down 0.6%

Shares of NYSE:INGM traded down $0.18 during trading on Friday, hitting $28.43. 2,544,875 shares of the company’s stock were exchanged, compared to its average volume of 1,404,968. The firm has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $26.32. The firm has a market cap of $6.56 billion, a P/E ratio of 14.36, a PEG ratio of 0.74 and a beta of 1.76. Ingram Micro has a 1-year low of $19.03 and a 1-year high of $31.69. The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60.

Ingram Micro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 9th will be issued a $0.0880 dividend. This is a positive change from Ingram Micro’s previous quarterly dividend of $0.0860. This represents a $0.35 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, November 9th. Ingram Micro’s dividend payout ratio (DPR) is 17.17%.

Key Ingram Micro News

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Ingram Micro reported adjusted earnings of $0.91 per share, up from $0.72 a year earlier and ahead of the $0.78 consensus estimate. Revenue reached $15.22 billion, surpassing estimates of $13.83 billion. Ingram Micro Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management issued optimistic revenue guidance for the following quarter. The strong quarter and favorable outlook reinforce expectations for continued business momentum. Ingram Micro Reports Strong Q3 and Optimistic Guidance
• Positive Sentiment: Ingram Micro increased its quarterly dividend. The dividend rises 2.3% to $0.088 per share, or $0.35 annualized, representing a yield of approximately 1.2%. Investors of record on November 9 will receive payment on November 23. Ingram Micro Announces Record Q3 Results and Dividend Increase
• Neutral Sentiment: The company’s net margin remained thin at 0.77%, which is typical of the distribution business but leaves profitability sensitive to operating costs and changes in demand. Management’s earnings call provided additional context on results and the outlook. Ingram Micro Q3 2026 Earnings Call Transcript

Wall Street Analyst Weigh In

Several research firms have weighed in on INGM. Zacks Research lowered shares of Ingram Micro from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. 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. Wall Street Zen upgraded shares of Ingram Micro from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft started coverage on shares of Ingram Micro in a report on Monday, August 31st. They set a “hold” rating and a $30.00 price target for the company. Finally, Morgan Stanley cut their price target on Ingram Micro from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ingram Micro currently has a consensus rating of “Hold” and an average target price of $30.50.

Insider Transactions at Ingram Micro

In related news, major shareholder Platinum Equity, Llc sold 1,968,750 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $27.19, for a total transaction of $53,530,312.50. Following the sale, the insider owned 162,372,569 shares of the company’s stock, valued at approximately $4,414,910,151.11. This trade represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.95% of the company’s stock.

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.