Ingram Micro (INGM)
Market Price (4/23/2026): $29.91 | Market Cap: $7.0 BilSector: Information Technology | Industry: IT Consulting & Other Services
Ingram Micro (INGM)
Market Price (4/23/2026): $29.91Market Cap: $7.0 BilSector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7%, FCF Yield is 11% Low stock price volatilityVol 12M is 40% Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more. | Trading close to highsDist 52W High is -1.2%, Dist 3Y High is -1.2% Weak multi-year price returns2Y Excs Rtn is -16%, 3Y Excs Rtn is -46% | Key risksINGM key risks include [1] global service disruptions and financial losses from a recent significant ransomware attack and [2] profitability pressures from a declining gross margin and revenue growth that has lagged competitors. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7%, FCF Yield is 11% |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more. |
| Trading close to highsDist 52W High is -1.2%, Dist 3Y High is -1.2% |
| Weak multi-year price returns2Y Excs Rtn is -16%, 3Y Excs Rtn is -46% |
| Key risksINGM key risks include [1] global service disruptions and financial losses from a recent significant ransomware attack and [2] profitability pressures from a declining gross margin and revenue growth that has lagged competitors. |
Qualitative Assessment
AI Analysis | Feedback
Ingram Micro (INGM) stock has gained about 45% since 12/31/2025 because of the following key factors:
1. Exceptional Q4 2025 Financial Performance: Ingram Micro reported robust fourth-quarter 2025 results on March 2, 2026, with revenue reaching $14.88 billion, surpassing analyst estimates of $14.18 billion by 5% and marking an 11.5% year-over-year increase. The non-GAAP diluted earnings per share (EPS) of $0.96 also exceeded the high end of the company's guidance. This strong performance, coupled with a positive outlook for Q1 2026 projecting a 10% to 23% year-over-year increase in non-GAAP EPS, significantly boosted investor confidence.
2. Strategic Advancement in AI-Powered Digital Platform (Xvantage) and AI-Related Products: The company showcased significant progress with its AI-powered digital platform, Xvantage. On March 11, 2026, Ingram Micro was awarded two U.S. patents for Xvantage technologies, specifically for Dynamic SKUs and a Generative AI Email-to-Order system, aimed at enhancing B2B commerce. Furthermore, management highlighted "significant sales of GPU and other AI-related products" within its advanced solutions business, indicating strong positioning for future AI opportunities and projecting higher AI-driven revenue for 2026.
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1. Exceptional Q4 2025 Financial Performance: Ingram Micro reported robust fourth-quarter 2025 results on March 2, 2026, with revenue reaching $14.88 billion, surpassing analyst estimates of $14.18 billion by 5% and marking an 11.5% year-over-year increase. The non-GAAP diluted earnings per share (EPS) of $0.96 also exceeded the high end of the company's guidance. This strong performance, coupled with a positive outlook for Q1 2026 projecting a 10% to 23% year-over-year increase in non-GAAP EPS, significantly boosted investor confidence.
2. Strategic Advancement in AI-Powered Digital Platform (Xvantage) and AI-Related Products: The company showcased significant progress with its AI-powered digital platform, Xvantage. On March 11, 2026, Ingram Micro was awarded two U.S. patents for Xvantage technologies, specifically for Dynamic SKUs and a Generative AI Email-to-Order system, aimed at enhancing B2B commerce. Furthermore, management highlighted "significant sales of GPU and other AI-related products" within its advanced solutions business, indicating strong positioning for future AI opportunities and projecting higher AI-driven revenue for 2026.
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Stock Movement Drivers
Fundamental Drivers
The 43.4% change in INGM stock from 12/31/2025 to 4/22/2026 was primarily driven by a 26.7% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.26 | 30.49 | 43.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 51,023 | 52,556 | 3.0% |
| Net Income Margin (%) | 0.6% | 0.6% | 9.9% |
| P/E Multiple | 17.2 | 21.9 | 26.7% |
| Shares Outstanding (Mil) | 235 | 235 | -0.1% |
| Cumulative Contribution | 43.4% |
Market Drivers
12/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| INGM | 43.4% | |
| Market (SPY) | -5.4% | 38.0% |
| Sector (XLK) | 9.8% | 37.5% |
Fundamental Drivers
The 42.9% change in INGM stock from 9/30/2025 to 4/22/2026 was primarily driven by a 17.2% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.33 | 30.49 | 42.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 50,182 | 52,556 | 4.7% |
| Net Income Margin (%) | 0.5% | 0.6% | 17.2% |
| P/E Multiple | 18.8 | 21.9 | 16.5% |
| Shares Outstanding (Mil) | 235 | 235 | -0.1% |
| Cumulative Contribution | 42.9% |
Market Drivers
9/30/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| INGM | 42.9% | |
| Market (SPY) | -2.9% | 40.8% |
| Sector (XLK) | 12.3% | 40.2% |
Fundamental Drivers
The 74.5% change in INGM stock from 3/31/2025 to 4/22/2026 was primarily driven by a 40.7% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.47 | 30.49 | 74.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 47,984 | 52,556 | 9.5% |
| Net Income Margin (%) | 0.6% | 0.6% | 13.3% |
| P/E Multiple | 15.5 | 21.9 | 40.7% |
| Shares Outstanding (Mil) | 235 | 235 | -0.1% |
| Cumulative Contribution | 74.5% |
Market Drivers
3/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| INGM | 74.5% | |
| Market (SPY) | 16.3% | 60.0% |
| Sector (XLK) | 53.8% | 57.3% |
Fundamental Drivers
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Market Drivers
3/31/2023 to 4/22/2026| Return | Correlation | |
|---|---|---|
| INGM | ||
| Market (SPY) | 63.3% | 55.0% |
| Sector (XLK) | 113.5% | 51.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| INGM Return | - | - | - | -21% | 12% | 45% | 28% |
| Peers Return | 39% | -11% | 32% | -5% | -9% | 32% | 88% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 88% |
Monthly Win Rates [3] | |||||||
| INGM Win Rate | - | - | - | 0% | 50% | 50% | |
| Peers Win Rate | 75% | 42% | 65% | 48% | 40% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| INGM Max Drawdown | - | - | - | -21% | -24% | -5% | |
| Peers Max Drawdown | -1% | -24% | -4% | -14% | -26% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SNX, ARW, AVT, CDW, NSIT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)
How Low Can It Go
INGM has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to SNX, ARW, AVT, CDW, NSIT
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
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About Ingram Micro (INGM)
Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve. We deliver customized solutions to our vendor, reseller and retailer partners, enabling them to provide excellent business outcomes to the companies and consumers they serve. Through our global reach and broad portfolio of products, professional services offerings, software, cloud and digital solutions, we remove complexity and maximize the value of the technology products our partners make, sell or use, providing the world more ways to realize the promise of technology. In the face of significant economic uncertainty and volatility in commercial markets globally, we believe that our business remains well-positioned to benefit from technology megatrends, including cloud migration, enhanced security, Internet-of-Things (“IoT”), hybrid work and 5G. As one of the world’s largest technology distributors by revenue and/or by global footprint, we have positioned Ingram Micro as an integral link in the global technology value chain, providing technology solutions and services from more than 1,500 vendor partners to a broad array of customers. With operations in 57 countries and 134 logistics and service centers worldwide, we serve as a solutions aggregator that we believe based on our experience in the industry enables us, together with our vendor partners, to reach nearly 90% of the global population with technology. Original Equipment Manufacturers (“OEMs”) and software providers rely on us to simplify global sales channels, gain operational efficiencies and address complex technology deployments. Our highly diversified base of more than 161,000 customers includes value-added resellers, system integrators, telecommunications companies and managed service providers. We provide our customers with broad product availability, technical expertise and a full suite of professional services to simplify their deployment and maximize their use of technology, including data-driven business and market insights, pre-sales engineering, post-sales integration, technical support and financing solutions. We manage more than 850 million units of technology products across more than 220,000 unique SKUs every year and handle, on average, in excess of 12,000 technical engineering calls monthly. Additionally, we provide resellers, retailers and OEMs with our IT Asset Disposition (“ITAD”) and Reverse Logistics and Repairs services to advance environmental sustainability through responsibly collecting and beneficially repurposing e-waste through remanufacturing, recycling, refurbishing and reselling technology devices. As of June 29, 2024, we had approximately 24,150 full-time associates. More than a decade ago, we embarked on a journey from being a traditional IT products distributor to creating an integrated marketplace for customized solutions. Since then, even in the midst of the recent global softening in demand for certain of our traditional offerings, including our client and endpoint solutions, we have invested more than $2 billion in technical resources, intellectual property, digital processes and systems, advanced solutions, specialty markets and professional services. From its inception, this organic evolution, aided by a number of key acquisitions, has focused on creating a one-stop-shop experience for our thousands of customers to seamlessly procure and manage a comprehensive suite of technology solutions and services. The anything-as-a-service (“XaaS”) market has now been a rapidly expanding market and a key growth driver for several years, leading to our accelerated development of highly integrated solutions, services and marketplaces. First launched in 2010, our cloud marketplace has been a transformative part of our journey, enabling leading software vendors to connect with thousands of customers, who in turn support millions of end users, in what we believe to be the world’s largest cloud ecosystem. Today, our cloud marketplace hosts more than 200 cloud solutions, aggregates 29 marketplaces and manages over 36 million seats for more than 33,000 customers. Building on our successful cloud marketplace, our proprietary CloudBlue digital commerce platform, and other acquired and organically developed intellectual property, in 2022 we launched Ingram Micro Xvantage, our fully automated, self-learning and innovative digital platform, which is now live in key countries around the globe. We believe that our customers will increasingly experience a “single pane of glass” through which we offer a full menu of IT devices, software solutions, cloud-based subscriptions, and technology services across hundreds of vendors and brands as we migrate our cloud marketplace and other marketplaces to Ingram Micro Xvantage and continuously integrate additional capabilities to the platform. Through Ingram Micro Xvantage, many tasks that previously took hours or even days, such as order status updates, price quotes and vendor catalog management activities, can now be accomplished by the platform in a few minutes, driving significant efficiency gains for our vendors, customers and associates. We believe that we offer our third-party partners the industry’s first comprehensive and streamlined distribution experience in a single integrated digital platform. Harnessing the insights gained from hundreds of millions of transactions over the past decade, Ingram Micro Xvantage is a significant milestone in our evolution benefiting from many years of investment and IT distribution experience. As our dynamic business model continues to evolve and we continue our transition to becoming more of a platform company, we will be better able to adapt to customer demands in the constantly shifting IT landscape. Our focus on successful business outcomes for our partners and their clients, together with the investments described above, have enabled us to deliver solid financial results and expand our advanced solutions and cloud businesses even in the midst of the recent global softening in demand for certain of our traditional offerings, including our client and endpoint solutions. Advanced Solutions generated net sales of $7,329 million for the Predecessor 2021 Period, $8,309 million for the Successor 2021 Period, $17,354 million for Fiscal Year 2022 (Successor), $17,883.3 million for Fiscal Year 2023 (Successor) and $8,164.9 million for the Unaudited 2024 Interim Period (Successor). Cloud generated net sales of $125.9 million for the Predecessor 2021 Period, $161.7 million for the Successor 2021 Period, $326.0 million for Fiscal Year 2022 (Successor), $383.3 million for Fiscal Year 2023 (Successor) and $226.1 million for the Unaudited 2024 Interim Period (Successor). Our business was founded in 1979 as Micro D Inc. Ingram Micro Holding Corporation (formerly known as Imola Holding Corporation) was incorporated on September 28, 2020 to serve as a holding company in connection with the Imola Mergers. Ingram Micro Holding Corporation had immaterial operations from September 28, 2020 to the Acquisition Closing Date. Our principal offices are located at 3351 Michelson Drive, Suite 100, Irvine, CA.
AI Analysis | Feedback
- Client and Endpoint Solutions: Traditional technology products and offerings for commercial and consumer markets.
- Advanced Solutions: Complex and customized technology solutions and services designed for specific business requirements.
- Cloud Solutions: A wide range of cloud-based software, subscriptions, and services delivered through their integrated cloud marketplace.
- Professional Services: Support services including pre-sales engineering, post-sales integration, technical assistance, and financing solutions.
- IT Asset Disposition (ITAD) & Reverse Logistics: Services focused on the responsible collection, repurposing, recycling, refurbishing, and repair of technology devices.
- Ingram Micro Xvantage Platform: A proprietary digital platform offering a unified experience for procuring and managing IT devices, software, cloud subscriptions, and services.
AI Analysis | Feedback
Ingram Micro (symbol: INGM) primarily sells its products and services to other companies, acting as an integral link in the global technology value chain. The background information describes various categories of business partners and customers rather than listing specific named customer companies.
Its major customer categories include:
- Value-added resellers
- System integrators
- Telecommunications companies
- Managed service providers
- Resellers
- Retailers
- Original Equipment Manufacturers (OEMs)
- Software providers
The provided background information does not name specific public or private customer companies within these categories.
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Paul Bay, Chief Executive Officer
Paul Bay has been the Chief Executive Officer of Ingram Micro since January 2022. He has nearly three decades of experience in the IT industry and a long tenure at Ingram Micro. Bay joined Ingram Micro in 1995, and after serving in various roles, he left in 2006 to become the CEO of Punch! Software, a home design software company whose assets were later purchased by Encore Software. He returned to Ingram Micro in 2010 and played a pivotal role in shaping the company's global strategy, driving growth, and transforming it into a platform business, including the development and global rollout of the AI-powered Xvantage platform. Bay led Ingram Micro's return to the public markets in October 2024. Throughout his career at Ingram Micro, he has held several key executive roles, including leading the Global Technology Solutions business and Americas operations.
Michael Zilis, Executive Vice President and Chief Financial Officer
Michael Zilis serves as the Executive Vice President and Chief Financial Officer of Ingram Micro. He is responsible for the company's global finance organization, including financial planning and analysis, mergers and acquisitions, treasury, risk management, and investor relations. Zilis joined Ingram Micro in 2006 as senior vice president and corporate controller. Prior to joining Ingram Micro, he was the vice president and corporate controller for Avnet, Inc., where he was instrumental in leading cost-saving initiatives. He began his career with 10 years in the commercial audit practice of Arthur Andersen LLP. Zilis previously held roles at Ingram Micro as executive vice president and group president of Asia Pacific, and he also oversaw operations in Latin America and Eastern Europe.
Kirk Robinson, Executive Vice President and President, North America (Retired)
Kirk Robinson had a distinguished 31-year career at Ingram Micro, culminating in his role as Executive Vice President and President of North America, a position he held until his retirement on September 30, 2024. He joined Ingram Micro in 1993 as a sales executive and progressed through pivotal roles in sales, marketing, business intelligence, and vendor management. Robinson was instrumental in launching the Xvantage digital experience platform and was known for his authentic leadership and dedication to partner success.
Sabine Howest, Senior Vice President, Platform Services and Support
Sabine Howest is the Senior Vice President of Platform Services and Support at Ingram Micro. In this role, she leads the company's platform service centers located in Asia and Eastern Europe. Her global team is responsible for engaging Ingram Micro's customers and vendors, providing essential support, and contributing to the success of Ingram Micro's digital journey. Prior to her current role, she oversaw the digital operations team responsible for the development, adoption, and scaling of Ingram Micro's digital experience platform, Xvantage. Howest joined Ingram Micro in 2009 and has held various go-to-market and vendor management roles across Europe and the U.S.
Bill Brandel, Executive Vice President and President, North America
Bill Brandel serves as the Executive Vice President and President for Ingram Micro's North American business, a role he assumed following Kirk Robinson's retirement. He is responsible for the company's U.S. and Canadian strategy, operations, and business execution. With over 20 years of experience in the IT channel industry, Brandel joined Ingram Micro in 1997 as a sales representative and has since held positions such as Senior Vice President for Go To Market for the U.S. Channel, where he focused on evolving Ingram Micro Xvantage and overseeing U.S. Sales, Vendor Management, and Marketing functions.
AI Analysis | Feedback
Key Risks for Ingram Micro (IMGM):
- Softening Demand for Traditional Offerings: Ingram Micro has experienced a "global softening in demand for certain of our traditional offerings, including our client and endpoint solutions." This indicates a potential challenge in their core business segments, even as they invest in new areas.
- Transition to a Platform Company and Digital Transformation: While presented as an evolution and investment, the ongoing transition from a traditional IT products distributor to a platform company (Ingram Micro Xvantage, CloudBlue) inherently carries risks. These include successful adoption by partners, integration challenges, competition from other platforms, and the significant investment required to maintain and evolve these digital solutions.
- Economic Uncertainty and Volatility: The company explicitly acknowledges operating "in the face of significant economic uncertainty and volatility in commercial markets globally." This external factor could impact overall IT spending, affecting Ingram Micro's revenue and profitability across its various solutions.
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Ingram Micro operates in several large and growing addressable markets globally for its diverse range of products and services.
Overall IT Ecosystem
- The global IT spend across hardware, software, and IT services was approximately $3.1 trillion in 2023, with projections to reach $4.0 trillion by 2027.
- The global digital transformation market, encompassing hardware, software, IT, and business services, was valued at $2.2 trillion in 2023 and is expected to grow to $3.9 trillion by 2027.
Client and Endpoint Solutions
- The global software distribution market, relevant for Ingram Micro's software offerings within client and endpoint solutions, is projected to reach USD 147.4 billion in 2026 and is expected to accelerate to USD 536.2 billion by 2036.
- Within endpoint solutions, the global endpoint security market was valued at USD 21.90 billion in 2025 and is projected to reach USD 65.04 billion by 2035.
Advanced Solutions
- Ingram Micro's advanced solutions and professional services are part of the broader global IT services market, which was valued at USD 1.61 trillion in 2025 and is projected to reach USD 2.98 trillion by 2034.
- The global advanced analytics market, a component of advanced solutions, reached an estimated valuation of USD 97 billion in 2023 and is expected to grow to USD 305.42 billion by 2030.
Cloud-based Solutions (Everything-as-a-Service and Cloud Computing)
- The global Everything-as-a-Service (XaaS) market was estimated at USD 1082.95 billion in 2025 and is expected to rise to USD 7726.66 billion by 2034.
- The global cloud computing market size was valued at USD 1294.9 billion in 2025 and is projected to reach USD 2281.1 billion by 2030.
- Enterprise software sales through hyperscaler cloud marketplaces, a key area for Ingram Micro's cloud marketplace, are expected to grow from $30 billion in 2024 to $163 billion by 2030.
IT Asset Disposition (ITAD) and Reverse Logistics and Repairs
- The global IT Asset Disposition (ITAD) market was valued at USD 21.98 billion in 2025 and is expected to grow to USD 53.49 billion by 2035.
- The global market for reverse logistics and repair services was estimated at $700 billion in 2023, with projections to grow to $861 billion by 2027.
AI Analysis | Feedback
Ingram Micro (INGM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion and deeper adoption of the Ingram Micro Xvantage digital platform: The company's fully automated, self-learning digital platform, launched in 2022, is designed to offer a "single pane of glass" experience for IT devices, software solutions, cloud subscriptions, and technology services. The migration of its cloud marketplace and other marketplaces to Xvantage, coupled with continuous integration of additional capabilities, is expected to drive significant efficiency gains for vendors and customers, fostering increased engagement and transaction volume.
- Continued growth in Cloud-based Solutions and the Anything-as-a-Service (XaaS) market: Ingram Micro has significantly invested in its cloud marketplace and platforms, positioning itself to capitalize on the rapidly expanding XaaS market. This focus enables software vendors to connect with a broad customer base and manage millions of end-users, leading to sustained revenue growth from cloud and XaaS offerings.
- Increased demand for Advanced Solutions aligned with technology megatrends: Ingram Micro is strategically positioned to benefit from significant technology megatrends, including cloud migration, enhanced security, Internet-of-Things (IoT), hybrid work, and 5G. The company's continued investment and expansion in advanced solutions directly address these growing market demands, driving revenue growth in these high-value segments.
- Strategic evolution towards a platform company model and enhanced value-added services: Moving beyond a traditional IT products distributor, Ingram Micro is transforming into a platform company. This evolution, supported by over $2 billion in investments in technical resources, intellectual property, digital processes, and professional services, allows it to offer a comprehensive suite of customized solutions and services. This shift focuses on delivering higher-value outcomes to partners, strengthening its position in the technology value chain, and ultimately driving revenue growth through deeper customer relationships and recurring service models.
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1. Share Repurchases
- Ingram Micro's board authorized a $100 million share repurchase program on March 2, 2026, allowing the company to reacquire up to 2% of its shares through open market purchases.
- On March 9, 2026, the company agreed to repurchase $75 million of its common stock directly from its principal stockholder, Ingram Holdco, LLC, as part of a secondary offering by the stockholder.
- Ingram Micro had a previously announced share repurchase plan of up to $75 million in connection with secondary public offerings by its controlling stockholder, with authority expiring on February 26, 2026.
2. Share Issuance
- Ingram Micro Holding Corporation had an initial public offering (IPO) in October 2024, which introduced its common stock to the public market.
3. Inbound Investments
- Platinum Equity completed the acquisition of Ingram Micro Inc. from HNA Technology Co., Ltd. for a total enterprise value of $7.2 billion, including $5.9 billion of equity value, on July 7, 2021.
- Platinum Equity, through Imola Acquisition Corporation, acquired 100% shareholding and sole control of Ingram Micro Inc.
4. Outbound Investments
- Ingram Micro divested its Commerce & Lifecycle Services (CLS) business in 2022.
- The company acquired BRLink, a provider of cloud computing and AI development services, in December 2021.
- Ingram Micro acquired CloudLogic in October 2021.
5. Capital Expenditures
- Capital expenditures for Fiscal Year 2023 were $201.535 million.
- The company is making targeted investments in automation, simplifying internal processes, and its Ingram Micro Xvantage™ platform, which launched in late 2022 and has expanded to 18 countries.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 109.73 |
| Mkt Cap | 8.2 |
| Rev LTM | 27,002 |
| Op Inc LTM | 914 |
| FCF LTM | 532 |
| FCF 3Y Avg | 511 |
| CFO LTM | 630 |
| CFO 3Y Avg | 605 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.2% |
| Rev Chg 3Y Avg | -2.8% |
| Rev Chg Q | 11.5% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 1.7% |
| Op Inc Chg 3Y Avg | -10.8% |
| Op Mgn LTM | 2.8% |
| Op Mgn 3Y Avg | 3.5% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 1.9% |
| CFO/Rev 3Y Avg | 2.3% |
| FCF/Rev LTM | 1.7% |
| FCF/Rev 3Y Avg | 1.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 8.2 |
| P/S | 0.3 |
| P/Op Inc | 10.0 |
| P/EBIT | 10.5 |
| P/E | 17.7 |
| P/CFO | 14.1 |
| Total Yield | 5.9% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 8.7% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 28.2% |
| 3M Rtn | 46.4% |
| 6M Rtn | 46.1% |
| 12M Rtn | 66.7% |
| 3Y Rtn | 44.2% |
| 1M Excs Rtn | 19.7% |
| 3M Excs Rtn | 42.6% |
| 6M Excs Rtn | 35.7% |
| 12M Excs Rtn | 33.1% |
| 3Y Excs Rtn | -32.5% |
Price Behavior
Price Behavior
| Market Price | $30.49 | |
| Market Cap ($ Bil) | 7.2 | |
| First Trading Date | 10/24/2024 | |
| Distance from 52W High | -1.2% | |
| 50 Days | 200 Days | |
| DMA Price | $23.78 | $20.79 |
| DMA Trend | up | up |
| Distance from DMA | 28.2% | 46.6% |
| 3M | 1YR | |
| Volatility | 57.1% | 40.6% |
| Downside Capture | -0.34 | 0.58 |
| Upside Capture | 182.71 | 173.70 |
| Correlation (SPY) | 35.1% | 48.0% |
INGM Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.14 | 1.87 | 1.76 | 1.50 | 1.40 | -0.28 |
| Up Beta | -0.75 | 1.05 | 1.38 | 1.25 | 1.23 | 0.12 |
| Down Beta | 3.69 | 3.36 | 2.25 | 1.74 | 1.38 | -0.07 |
| Up Capture | 381% | 235% | 221% | 187% | 230% | 33% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 15 | 26 | 36 | 67 | 136 | 181 |
| Down Capture | 63% | 94% | 125% | 125% | 132% | 93% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 7 | 16 | 27 | 59 | 115 | 174 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INGM | |
|---|---|---|---|---|
| INGM | 95.4% | 40.5% | 1.75 | - |
| Sector ETF (XLK) | 69.4% | 20.7% | 2.44 | 46.1% |
| Equity (SPY) | 26.7% | 12.5% | 1.77 | 49.9% |
| Gold (GLD) | 38.9% | 27.4% | 1.19 | -5.2% |
| Commodities (DBC) | 23.5% | 16.2% | 1.32 | 2.3% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 31.7% |
| Bitcoin (BTCUSD) | -12.8% | 42.6% | -0.21 | 36.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INGM | |
|---|---|---|---|---|
| INGM | 4.8% | 42.3% | 0.49 | - |
| Sector ETF (XLK) | 18.0% | 24.7% | 0.65 | 51.7% |
| Equity (SPY) | 10.5% | 17.1% | 0.48 | 55.0% |
| Gold (GLD) | 21.5% | 17.8% | 0.99 | 1.7% |
| Commodities (DBC) | 10.7% | 18.8% | 0.47 | 19.6% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 42.2% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 33.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with INGM | |
|---|---|---|---|---|
| INGM | 2.4% | 42.3% | 0.49 | - |
| Sector ETF (XLK) | 23.0% | 24.3% | 0.86 | 51.7% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 55.0% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 1.7% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 19.6% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 42.2% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 33.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/2/2026 | 14.3% | 4.2% | 9.6% |
| 10/30/2025 | 4.1% | 0.3% | -2.5% |
| 8/6/2025 | -0.1% | 5.7% | 6.5% |
| 3/4/2025 | -5.5% | -8.7% | -12.5% |
| 11/12/2024 | -0.4% | -5.4% | -10.3% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 2 |
| # Negative | 3 | 2 | 3 |
| Median Positive | 9.2% | 4.2% | 8.0% |
| Median Negative | -0.4% | -7.1% | -10.3% |
| Max Positive | 14.3% | 5.7% | 9.6% |
| Max Negative | -5.5% | -8.7% | -12.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/03/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 10/24/2024 | 424B4 |
| 03/31/2024 | 06/10/2024 | DRS/A |
| 09/30/2023 | 12/18/2023 | DRS/A |
| 06/30/2023 | 09/18/2023 | DRS/A |
| 03/31/2023 | 05/12/2023 | DRS/A |
| 09/30/2022 | 01/10/2023 | DRS/A |
| 06/30/2022 | 09/19/2022 | DRS/A |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/2/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 12.45 Bil | 12.62 Bil | 12.80 Bil | -10.9% | Lowered | Guidance: 14.18 Bil for Q4 2025 | |
| Q1 2026 Gross profit | 840.00 Mil | 867.50 Mil | 895.00 Mil | -9.9% | Lowered | Guidance: 962.50 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP Diluted EPS | 0.67 | 0.71 | 0.75 | -21.1% | Lowered | Guidance: 0.9 for Q4 2025 | |
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 14.00 Bil | 14.18 Bil | 14.35 Bil | 16.9% | Higher New | Guidance: 12.12 Bil for Q3 2025 | |
| Q4 2025 Gross Profit | 935.00 Mil | 962.50 Mil | 990.00 Mil | 13.9% | Higher New | Guidance: 845.00 Mil for Q3 2025 | |
| Q4 2025 Non-GAAP Diluted EPS | 0.85 | 0.9 | 0.95 | 34.3% | Higher New | Guidance: 0.67 for Q3 2025 | |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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