Ingram Micro Holding Corporation (INGM) Earnings
Ingram Micro Holding Corporation is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.73. INGM has beaten EPS estimates in 5 of its last 5 reported quarters (average surprise +6.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.70 | $0.75 | +7.1% | $14.0B | +9.4% |
| Oct 30, 2025 | $0.67 | $0.72 | +7.5% | $12.6B | -11.1% |
| Aug 6, 2025 | $0.60 | $0.61 | +1.5% | $12.8B | +6.7% |
| May 8, 2025 | $0.56 | $0.61 | +8.9% | $12.3B | +2.4% |
| Mar 4, 2025 | $0.91 | $0.92 | +1.1% | $13.3B | +14.8% |
| Jun 30, 2024 | — | $0.21 | — | $11.5B | — |
| Mar 31, 2024 | — | $0.23 | — | $11.3B | — |
| Dec 31, 2023 | — | $0.58 | — | $13.0B | — |
| Sep 30, 2023 | — | $0.37 | — | $11.9B | — |
| Apr 1, 2023 | — | $0.27 | — | $11.6B | — |
| Dec 31, 2022 | — | $0.43 | — | $12.7B | — |
| Jul 2, 2022 | — | $8.85 | — | $12.5B | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Paul Bay mentioned strong first quarter results. XVantage digital B2B platform investment is a competitive moat. Four patent-pending applications granted. AI models delivered proactive engagements and AI-led net sales. Self-service orders grew, average revenue per customer up. Mike McMahon detailed net sales growth by region, product lines. Discussed memory supply constraints impact. Gross profit and margin details. Operating expenses leverage. Balance sheet and free cash flow info. Q2 guidance discussed.
Guidance
Guides net sales for Q2 2026 at $13.6B to $14.0B, year-over-year growth 8% midpoint. Cloud expected to lead double-digit growth. Client and endpoint solutions to grow at lower single-digit pace. Assumes memory supply constraints impact similar to Q1. Gross profit guidance $905M to $950M. Non-GAAP diluted EPS range 68 cents to 78 cents per diluted share, includes potential negative impact from Middle East situation.
Segment performance
Net revenue grew nearly 14%. Non-GAAP earnings per share were 75 cents. Gross profit rose nearly 12%. Non-GAAP net income grew over 20%. Advanced solutions in cloud led growth, driven by large GPU and AI infrastructure deals. Networking and servers also had strong growth. Cloud grew double digits. Client and endpoint solutions grew with strong PC sales. Asia-Pacific grew double digits, second largest region by net revenue. India had healthy top line and margin growth. Latin America delivered outsized margins via X-Vantage platform. North America's double-digit growth was driven by cloud and advanced solutions including large GPU and AI infrastructure sales.
Risks & headwinds
Memory supply constraints lead to increased average selling prices, extended lead times, project deferrals, price-sensitive customers altering scope. Middle East conflict impact on business.
Analyst Q&A
Q: Color on impacted products/projects related to headwinds.
A: Mike said mix of products, project-based, more advanced solutions, smaller customers.
Q: Back half enterprise IT demand.
A: Paul said optimistic, client and endpoint solutions grow at market, advanced and cloud above market, AI use cases driving growth.
Q: Change in lead times and order dynamics.
A: Mike said budget reallocation, shipping delays, OEM product allocation.
Q: X-Vantage phase three progress.
A: Paul said AI models improving, IDA active engagements up, mid-single digits revenue through IDA now, aim for double digits by end of year.
Q: Risk of on-prem to cloud shift.
A: Paul said benefit, Ingram invested in cloud early, platform allows buying hardware, software, cloud and services in one transaction.
Q: Americas region AI infrastructure.
A: Paul said bulk in advanced solutions, low cost to serve, good RWC, Enable AI program with three growth tracks.
Q: Operating leverage.
A: Mike said SG&A leverage from operating efficiencies, GPU/AI projects offset margin factor.
Q: Free cash flow.
A: Mike said seasonal, outflows in early quarters, inflows at end of year.
Q: PC unit growth and SMB vs enterprise demand.
A: Mike said PC growth mid to high teens, SMB demand still resilient.
Q: OPEX and CAPEX on XVantage.
A: Mike said another four to five quarters of deployment, majority revenues trade through XVantage, still tail for deployment.