Ingram Micro Holding Corporation

NYSE:INGM Stock Report

Market Cap: US$6.1b

Ingram Micro Holding Past Earnings Performance

Past criteria checks 4/6

Ingram Micro Holding's earnings have been declining at an average annual rate of -24.7%, while the Electronic industry saw earnings growing at 2.4% annually. Revenues have been declining at an average rate of 0.9% per year. Ingram Micro Holding's return on equity is 10.1%, and it has net margins of 0.8%.

Key information

-24.67%

Earnings growth rate

-58.97%

EPS growth rate

Electronic Industry Growth15.34%
Revenue growth rate-0.87%
Return on equity10.06%
Net Margin0.77%
Last Earnings Update27 Jun 2026

Recent past performance updates

Recent updates

Narrative Update • Sep 04

INGM: AI Infrastructure Cycles And Duopoly Position Will Shape Balanced Outlook

Analysts have raised their blended price target on Ingram Micro Holding to $30 from $29, pointing to a modestly higher fair value. They maintain steady expectations for revenue growth, profit margins, and future P/E as they factor in recent research highlighting the company's durable distribution position and a still supportive global IT spending backdrop.
Seeking Alpha • Aug 25

Ingram Micro Q2: The Cash Flow Dip Creates A Buying Opportunity

Summary Ingram Micro Holding Corporation delivered a fifth consecutive earnings beat, with Q2 net sales up 13.6% YoY and non-GAAP EPS up 34.4%. Despite strong results, INGM shares dropped around 7% post-earnings early this month due to significant negative free cash flow driven by inventory build. Operating leverage is increasingly visible, with adjusted operating income up 40% and ROIC improving to 10.8%, supporting the reiterated Buy case. My DCF-based intrinsic value is $49 per INGM share, implying ~78% upside; I reiterate a Buy rating, emphasizing cash conversion as the key risk. Read the full article on Seeking Alpha
Narrative Update • Aug 21

INGM: Enterprise And GPU Demand Will Support A Stronger Outlook

Ingram Micro Holding's analyst fair value estimate has shifted from $31.31 to $37.00, as analysts factor in stronger recent results, a firmer global IT spending backdrop, and ongoing enterprise and GPU-related demand highlighted in recent Street research price target revisions. Analyst Commentary Recent Street research around Ingram Micro Holding points to a more constructive tone, with several price target increases and rating changes that align with the higher fair value estimate.
Narrative Update • Aug 07

INGM: Enterprise Server And AI Infrastructure Demand Will Drive Future Upside Potential

Analysts have nudged the fair value estimate for Ingram Micro Holding higher to $33.17 from $31.85, as recent price target increases to as much as $33 reflect views that stronger Q2 revenue, resilient enterprise server demand and continued GPU distribution interest support a modestly higher valuation multiple despite slightly softer modeled growth and margins. Analyst Commentary Recent research on Ingram Micro Holding points to a more balanced stance, with several firms adjusting price targets higher while still emphasizing execution risks and the need for proof that current demand trends can persist.
Narrative Update • Jul 24

INGM: AI Infrastructure Demand And Server Refresh Cycles Will Guide Next Phase

Analysts have raised the fair value estimate for Ingram Micro Holding from $26.00 to $29.00, citing slightly higher projected revenue growth and profit margins, a modestly lower discount rate, and a higher future P/E assumption supported by recent Street price target increases related to resilient enterprise server demand and AI related infrastructure needs. Analyst Commentary Recent Street research on Ingram Micro Holding points to a mix of optimism around enterprise and AI related demand, alongside more cautious commentary about how much of that strength is already reflected in valuation.
Narrative Update • Jul 10

INGM: Enterprise Server And AI Infrastructure Demand Will Test Fair Valuation

The analyst price target for Ingram Micro Holding has been raised from $25.42 to $31.85, as analysts incorporate stronger enterprise server and AI-related infrastructure demand, along with continued GPU distribution momentum, into their updated assumptions. Analyst Commentary Recent research on Ingram Micro Holding centers on how resilient enterprise server demand and growing AI-related infrastructure needs may affect the company’s ability to execute and support the higher price targets now in place.
Narrative Update • Jun 26

INGM: AI Infrastructure Demand And Fair Value View Will Shape Next Phase

Ingram Micro Holding's fair value estimate has been revised from $21.00 to $26.00 as analysts reflect higher long-term revenue growth assumptions, a modestly lower discount rate, and stronger demand signals in enterprise servers and AI-related infrastructure, highlighted in recent price target increases across the Street. Analyst Commentary Recent Street commentary on Ingram Micro Holding highlights a mix of optimism about enterprise server and AI infrastructure demand alongside pockets of caution around how much of that strength is already reflected in the stock.
Analysis Article • Jan 15

These 4 Measures Indicate That Ingram Micro Holding (NYSE:INGM) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Oct 25

Investors Continue Waiting On Sidelines For Ingram Micro Holding Corporation (NYSE:INGM)

With a median price-to-earnings (or "P/E") ratio of close to 19x in the United States, you could be forgiven for...
Seeking Alpha • Oct 25

Ingram Micro: Technology Distributor Going Public Again

Summary Ingram Micro's IPO saw modest gains, with a reasonable valuation but challenges from sales declines, thin margins, and high-interest expenses. The company, a leading technology distributor, offers custom solutions and has a broad product range, but operates in a competitive and cyclical environment. I remain cautious, awaiting improved sales momentum and clarity on earnings before reconsidering my neutral stance on Ingram Micro. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Ingram Micro Holding makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:INGM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
27 Jun 2655,9764312,6490
28 Mar 2654,2383582,5990
27 Dec 2552,5563282,5290
27 Sep 2551,0232902,5620
28 Jun 2550,1822672,5790
29 Mar 2548,9302842,5740
28 Dec 2447,9842642,5800
28 Sep 2447,6593182,5890
29 Jun 2447,8213272,6180
30 Mar 2447,8063402,5880
30 Dec 2348,0403532,5610
30 Sep 2347,7473172,5430
01 Jul 2348,1483333200
01 Apr 2349,1142,3442,5410
31 Dec 2250,8242,3942,7120
01 Oct 2253,0212,3993,1100
02 Jul 2253,7822,4185,3090
02 Apr 2254,2912103,2030
01 Jan 2254,456973,1430
02 Oct 2155,0972142,9560
02 Jul 2154,1262762,9550
03 Apr 2151,6145492,8120
02 Jan 2149,1206402,7190
26 Sep 2045,7716482,5460
27 Jun 2045,5245652,5480
28 Mar 2046,5735202,5800
28 Dec 1947,1975042,6480
28 Sep 1949,8144192,5380
29 Jun 1949,9874112,5100
30 Mar 1950,2503822,4970
29 Dec 1850,4373522,4890
29 Sep 1849,3912632,4700
30 Jun 1849,0082302,4620
31 Mar 1848,0342082,4020
30 Dec 1746,6751992,3410
30 Sep 1745,1331092,3010
01 Jul 1743,6991262,2650
01 Apr 1742,9951362,2760
31 Dec 1641,9291002,2590
01 Oct 1640,9982762,1600
02 Jul 1641,2872632,1210
02 Apr 1641,7181742,0660
02 Jan 1643,0262152,0280
03 Oct 1545,6701932,0270

Quality Earnings: INGM has high quality earnings.

Growing Profit Margin: INGM's current net profit margins (0.8%) are higher than last year (0.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: INGM's earnings have declined by 24.7% per year over the past 5 years.

Accelerating Growth: INGM's earnings growth over the past year (61.1%) exceeds its 5-year average (-24.7% per year).

Earnings vs Industry: INGM earnings growth over the past year (61.1%) exceeded the Electronic industry 25.3%.

Return on Equity

High ROE: INGM's Return on Equity (10.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 21:53
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/27
Annual Earnings2025/12/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ingram Micro Holding Corporation is covered by 24 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin ReitzesBarclays
Karl AckermanBNP Paribas
Ruplu BhattacharyaBofA Global Research