Ingram Micro beats Q2 estimates on cloud, AI strength
Ingram Micro beats Q2 estimates on cloud, AI strength
Overview
Technology distributor's fiscal Q2 revenue rose 13.6%, beating analyst expectations
Adjusted EPS for fiscal Q2 beat analyst expectations
Company raised quarterly dividend by 2.4%
Outlook
Ingram Micro expects Q3 2026 net sales of $13.55 bln to $13.95 bln
Company sees Q3 2026 non-GAAP diluted EPS between $0.72 and $0.82
Company expects healthy demand and expanding AI opportunities to support Q3 results
Result Drivers
BROAD-BASED DEMAND - Co said revenue growth was driven by increases across all geographic segments and product categories, with Asia-Pacific and Latin America showing particularly strong gains
CLOUD AND AI SOLUTIONS - Co highlighted growth in Cloud-based Solutions and AI-infrastructure products, especially in Asia-Pacific and Latin America
OPERATING LEVERAGE - Co said higher gross profit and reduced SG&A expenses as a percentage of sales supported margin expansion and earnings growth
Company press release: ID:nBw39G3bDa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $14.50 bln | $13.85 bln (11 Analysts) |
Q2 Adjusted EPS | Beat | $0.82 | $0.73 (12 Analysts) |
Q2 EPS |
| $0.48 |
|
Q2 Gross Profit |
| $958.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Ingram Micro Holding Corp is $33.00, about 9.5% above its July 29 closing price of $30.13
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago
Reuters Recommended Reads
July 29 - Climb Global Solutions Q2 sales slightly miss estimates
July 29 - PC Connection Q2 adjusted EPS rises on higher sales
July 30 - Wesco Q2 revenue beats on data center sales
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)