IT distribution giant Ingram Micro (NYSE: INGM) will be reporting earnings this Wednesday afternoon. Here’s what to look for.
Ingram Micro beat analysts’ revenue expectations by 5.8% last quarter, reporting revenues of $12.28 billion, up 8.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and revenue guidance for next quarter meeting analysts’ expectations.
Is Ingram Micro a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ingram Micro’s revenue to grow 4.1% year on year to $12.01 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.60 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ingram Micro has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 2.4% on average.
Looking at Ingram Micro’s peers in the it distribution & solutions segment, some have already reported their Q2 results, giving us a hint as to what we can expect. TD SYNNEX delivered year-on-year revenue growth of 7.2%, beating analysts’ expectations by 4.4%, and Connection reported revenues up 3.2%, falling short of estimates by 0.6%. TD SYNNEX traded up 7.9% following the results while Connection was down 4%.
Read our full analysis of TD SYNNEX’s results here and Connection’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the it distribution & solutions stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Ingram Micro is down 3.4% during the same time and is heading into earnings with an average analyst price target of $24.31 (compared to the current share price of $19.52).
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