Ingram Micro beats Q3 sales and profit estimates, raises forecast
INGM•Ingram Micro reported fiscal third-quarter net sales of $15.20 billion and adjusted EPS of $0.91, beating estimates of $13.83 billion and $0.78. It raised its full-year guidance, forecast fourth-quarter sales of $17.5 billion to $17.9 billion and increased its quarterly dividend by 2.3%.
1. Quarterly results
Ingram Micro's fiscal third-quarter net sales rose 20.8% to $15.20 billion, above analyst expectations of $13.83 billion. Adjusted EPS increased 26.4% to $0.91, beating the $0.78 estimate; reported EPS was $0.57.
2. Outlook and drivers
The company expects fourth-quarter 2026 net sales of $17.5 billion to $17.9 billion and non-GAAP diluted EPS of $1.05 to $1.15. It said growth was strongest in Advanced Solutions, including GPU and AI infrastructure, and Cloud-based Solutions, while higher sales of lower-margin GPU and AI-infrastructure products reduced gross margin. Ingram Micro also reaffirmed its multi-year target for net sales compound annual growth of about 4% to 6% through 2029 and increased its quarterly dividend by 2.3%.
