Ingram Micro Holding Corporation

ingrammicro.com

What Do They Do?

Distributes computers, phones and related products to IT resellers serving businesses and individuals. Also supplies enterprise hardware, software and related services through reseller partners.

How Do They Make Money?

Resellers generally order products one transaction at a time, and Ingram Micro is paid when products ship or are delivered. Supplemental services may be billed over time or per transaction; cloud marketplace fees are earned when services are provided.

revenue

Segment	Share	How money arrives
Client and Endpoint Solutions Sold outright	64% FY2022: 63%	Sold outright
Advanced Solutions Sold outright	33% FY2022: 34%	Sold outright
Cloud-based Solutions Recurring	0.9% FY2022: 0.6%	Recurring
Other Recurring	1.2% FY2022: 2.3%	Recurring

Who Are Their Customers?

Distributes to reseller businesses, retailers, systems integrators, mobile operators and other IT sellers, which serve corporate and individual end users.

Do Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.

Operating income, FY2025

2% of revenue

▲ +7% vs FY2024 ($817.9M, 2%)

Net income, FY2025

1% of revenue

▲ +24% vs FY2024 ($264.2M, 1%)

Free cash flow, FY2025

1% of revenue

▲ +311% vs FY2024 ($191.1M, 0%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 27, 2026

Revenue: ▲ +14%; vs $12.8B in Q2 FY2025
Net income: ▲ +193%; vs $37.8M in Q2 FY2025

Jul 30, 2026 Issued third-quarter sales and earnings guidance Forecast net sales of $13.55 billion to $13.95 billion and non-GAAP diluted earnings per share of $0.72 to $0.82.
Apr 30, 2026 Issued second-quarter sales and earnings guidance Forecast net sales of $13.6 billion to $14.0 billion and non-GAAP diluted earnings per share of $0.68 to $0.78.

Revenue over time

Client and Endpoint Solutions Advanced Solutions Cloud-based Solutions Other

$100B$50B$0

FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with TD Synnex, Arrow Electronics, Scansource, Westcon-Comstor, Synnex Technology International, Also Holding, Esprinet, Redington, Exclusive Networks, Intcomex, D&H, Carahsoft, AppDirect, and Pax8

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