Latest news with #IngramMicro
Yahoo
3 days ago
- Business
- Yahoo
Ingram Micro (NYSE:INGM) Exceeds Q2 Expectations
IT distribution giant Ingram Micro (NYSE:INGM) reported revenue ahead of Wall Street's expectations in Q2 CY2025, with sales up 10.9% year on year to $12.79 billion. On the other hand, next quarter's revenue guidance of $12.13 billion was less impressive, coming in 1.1% below analysts' estimates. Its GAAP profit of $0.16 per share was 60.3% below analysts' consensus estimates. Is now the time to buy Ingram Micro? Find out in our full research report. Ingram Micro (INGM) Q2 CY2025 Highlights: Revenue: $12.79 billion vs analyst estimates of $12.02 billion (10.9% year-on-year growth, 6.4% beat) EPS (GAAP): $0.16 vs analyst expectations of $0.40 (60.3% miss) Adjusted EBITDA: $293.9 million vs analyst estimates of $296.7 million (2.3% margin, 0.9% miss) Revenue Guidance for Q3 CY2025 is $12.13 billion at the midpoint, below analyst estimates of $12.26 billion Operating Margin: 1.1%, in line with the same quarter last year Free Cash Flow was -$333.2 million, down from $368.1 million in the same quarter last year Market Capitalization: $4.43 billion Company Overview Operating as the crucial link in the global technology supply chain with a presence in 57 countries, Ingram Micro (NYSE:INGM) is a global technology distributor that connects manufacturers with resellers, providing hardware, software, cloud services, and logistics expertise. Revenue Growth A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. With $50.18 billion in revenue over the past 12 months, Ingram Micro is a behemoth in the business services sector and benefits from economies of scale, giving it an edge in distribution. This also enables it to gain more leverage on its fixed costs than smaller competitors and the flexibility to offer lower prices. However, its scale is a double-edged sword because finding new avenues for growth becomes difficult when you already have a substantial market presence. To expand meaningfully, Ingram Micro likely needs to tweak its prices, innovate with new offerings, or enter new markets. As you can see below, Ingram Micro's 2% annualized revenue growth over the last five years was sluggish. This shows it failed to generate demand in any major way and is a rough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. Ingram Micro's annualized revenue growth of 2.1% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. This quarter, Ingram Micro reported year-on-year revenue growth of 10.9%, and its $12.79 billion of revenue exceeded Wall Street's estimates by 6.4%. Company management is currently guiding for a 3.1% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 1.5% over the next 12 months, similar to its two-year rate. This projection is underwhelming and suggests its newer products and services will not accelerate its top-line performance yet. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals. Ingram Micro's operating margin might fluctuated slightly over the last 12 months but has remained more or less the same, averaging 1.8% over the last five years. This profitability was inadequate for a business services business and caused by its suboptimal cost structure. Analyzing the trend in its profitability, Ingram Micro's operating margin might fluctuated slightly but has generally stayed the same over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. This quarter, Ingram Micro generated an operating margin profit margin of 1.1%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Cash Is King Although earnings are undoubtedly valuable for assessing company performance, we believe cash is king because you can't use accounting profits to pay the bills. Ingram Micro broke even from a free cash flow perspective over the last five years, giving the company limited opportunities to return capital to shareholders. Taking a step back, we can see that Ingram Micro's margin dropped by 2.9 percentage points during that time. Almost any movement in the wrong direction is undesirable because of its already low cash conversion. If the trend continues, it could signal it's becoming a more capital-intensive business. Ingram Micro burned through $333.2 million of cash in Q2, equivalent to a negative 2.6% margin. The company's cash flow turned negative after being positive in the same quarter last year, suggesting its historical struggles have dragged on. Key Takeaways from Ingram Micro's Q2 Results We liked that Ingram Micro beat analysts' revenue expectations this quarter. On the other hand, its EPS missed and its revenue guidance for next quarter fell slightly short of Wall Street's estimates. Overall, this was a weaker quarter. The stock remained flat at $18.88 immediately following the results. Is Ingram Micro an attractive investment opportunity right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
5 days ago
- Business
- Yahoo
Ingram Micro (INGM) Reports Q2: Everything You Need To Know Ahead Of Earnings
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). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Forbes
31-07-2025
- Business
- Forbes
Hackers Threaten To Publish 3.5 TB Of Stolen Data In 24 Hours
There are two cybersecurity threats that we seem unable to escape from of late: ransomware and data breaches. A recent analysis of more than 1,297 breaches revealed that data breaches increasingly drive ransomware attacks. Although there is the odd anomaly, such as the cybercriminals who threaten to permanently destroy data, the vast majority of ransomware attacks are now more focused on stealing data and using it to extort the victims than ever. "Ransomware tactics continue to evolve, with the growing shift toward extortion over encryption as a clear example," Deepen Desai, Cybersecurity executive vice president at Zscaler, told me just this week. If you want an example of this, look no further than the Safepay ransomware hackers who have given Ingram Micro until August 1 to pay a ransom or face the publication, the group says, of 3.5 TB of stolen data. Here's what you need to know. Safepay Hackers Threaten To Publish 3.5 TB Of Allegedly Stolen Ingram Micro Data Safepay is a group of ransomware hackers that first burst onto the cybercrime scene in 2024, successfully targeting at least 20 organizations. It has been reported that the group appears to 'share a lot of similarities with the LockBit ransomware family,' and, as such, could be a splinter group or rebranding of the notorious threat actors. What is much clearer, however, is that like most modern ransomware threats, Safepay favors double extortion involving not only encrypting systems but holding stolen data to ransom. On July 5, Ingram Micro, a global information technology services giant, confirmed that it had been a victim of a ransomware attack. Stating that it had 'recently identified ransomware on certain of its internal systems,' Ingram Micro said it had taken 'steps to secure the relevant environment, including proactively taking certain systems offline and implementing other mitigation measures.' What has been less clear, however, is what, if any, data was stolen during this attack. Updates from the company have said that it is continuing to investigate 'the scope of the incident and affected data,' but had not responded to my request for a further statement at the time of publication. The Safepay hackers claiming responsibility, however, have been more vocal. It has now been reported that the ransomware actors have a countdown clock running on their data leak site that gives August 1 as the deadline before 3.5 TB of alleged Ingram Micro stolen data will be published. "This is a tactic threat actors use to place more pressure on victims, hoping to encourage them into paying,' Peter King, principal consultant at Acumen Cyber said, adding that 'given the notice is still up on Safepay's leak site, this suggests Ingram Micro hasn't opted to pay.' "Organizations can protect against SafePay and similar types of ransomware attacks by placing strict access controls on their systems, strong authentication like multi-factor authentication,' Chris Hauk, a consumer privacy champion at Pixel Privacy, advised, 'monitoring for newly discovered vulnerabilities, and implementing secure VPN connections to provide remote access." This is a developing story, and I will update it as more information, from the hackers or Ingram Micro, is forthcoming.
Techday NZ
28-07-2025
- Business
- Techday NZ
Ingram Micro Experience 2025 to unite NZ tech channel in Auckland
Ingram Micro New Zealand has announced the Ingram Micro Experience 2025, a reimagined technology showcase to be held at the Auckland Showgrounds on 18 September. The event is positioned as a nationwide gathering for the New Zealand IT channel, connecting vendors, resellers, and solutions providers with opportunities to examine the future of technology in the country. Ingram Micro Experience 2025 represents a transition from the company's previous event series, known as Ingram Micro Showcase, which had been a long-standing fixture on the New Zealand IT industry calendar. This year's theme, "Distributing Momentum", introduces a new, industry-led format that aims to bring together all aspects of Ingram Micro's business and partners. Single location, central hub This year marks the first time the event will be hosted in one central venue at the Auckland Showgrounds, with organisers stating that the consolidated format is intended to maximise audience reach and encourage greater collaboration among industry participants. Leon De Suza, Managing Director at Ingram Micro New Zealand, said the event's purpose is to provide a meeting ground for the industry to engage in meaningful dialogue and drive future growth. "Ingram Micro Experience 2025 is all about bringing our industry together in one place to spark conversations, challenge assumptions, and accelerate what's next. We're creating an environment where our partners can connect with real purpose – whether it's finding new solutions, sharing ideas, or simply being inspired." Solutions Villages and thematic focus The exhibition floor will be organised into four dedicated Solution Villages, each corresponding to a key area identified as a driver of channel growth in New Zealand: Cloud and Cyber Security Village, where cloud solutions and secure digital infrastructure will be the focus. Infrastructure and Networking Village, which will showcase advancements in connectivity, edge computing, and network-as-a-service models. Commercial and Consumer Village, presenting user-focused devices, peripherals, and collaboration tools. Specialty and Industry Solutions Village, which will explore tailored offerings for sectors such as education, healthcare, retail, and logistics. Each village will feature a dedicated stage hosting the 'Solutions Festival', a new format comprising over 30 short sessions delivered by vendor partners. These presentations are designed to be accessible in a "silent theatre" style, with attendees using headphones and the official event app to create personalised agendas. Additional features The event also includes a Gaming Lounge, which will feature new products and experiences from gaming brands. In addition, dedicated industry solution displays will provide demonstrations of how various technologies are being integrated within sectors like education, healthcare, hospitality, and retail. The audience is expected to include more than 1,000 participants, mostly comprising resellers, vendors, staff, and new talent from across the sector. Real-time lead generation will be facilitated by QR codes and the event's mobile app, promoting networking and follow-up between vendors and resellers. Leon De Suza commented on the value this format brings to participants: "The power of this format is in its focus – we're delivering meaningful exposure for vendors and building quality engagement opportunities at scale. Every interaction is designed to move the needle – to convert conversations into partnerships." Digital and hybrid strategies With an eye to extending engagement beyond the physical venue, the event will offer digital panels, branding, and content packages, all integrated with the Ingram Micro Xvantage platform. Attendees will have the opportunity to explore new business models centered around customer-first service and as-a-service solutions. The event aims to encourage discussions that position distribution partners as strategic advisors in the digital era. De Suza highlighted the importance of personal interaction within the sector. "At Ingram Micro we are customer obsessed, we are a people-first business enabled by technology, but the human aspect of our business is what is most important. Ingram Micro Experience is all about creating human connection, connecting vendors, resellers, customers and local expert teams all under one roof. This type of event is an incubator for innovation driving scale for our resellers and better service for our customers. We're excited to welcome partners, customers, vendors and resellers, new and old to be part of this shared journey at Ingram Micro Experience 2025." The Ingram Micro Experience 2025 is positioned as both an exhibition and a forum, combining live demonstrations with interactive content and business networking, reflecting ongoing changes in the technology distribution landscape in New Zealand.
Business Wire
23-07-2025
- Business
- Business Wire
Ingram Micro to Announce Second Quarter Fiscal 2025 Financial Results on August 6, 2025
IRVINE, Calif.--(BUSINESS WIRE)--Ingram Micro Holding Corporation (NYSE: INGM) ('Ingram Micro' or the 'Company') announced today that it will hold a conference call to discuss its second quarter fiscal 2025 financial results on Wednesday, August 6, 2025, at 2:00 p.m. PT (5:00 p.m. ET). After the close of the market on August 6, and prior to the conference call, the Company will issue a financial results press release. A live webcast of the conference call, as well as a copy of the press release and other earnings materials, will be accessible from the Ingram Micro investor relations website at The call can also be accessed at (877) 407-9781 or (201) 689-8796. A telephonic replay will be available through November 3, 2025, at (877) 660-6853 or (201) 612-7415. A replay of the webcast will also be available at About Ingram Micro Ingram Micro (NYSE: INGM) is a leading technology company in the global information technology ecosystem. With the ability to reach nearly 90% of the global population, we play a vital role in the worldwide IT sales channel, bringing products and services from technology manufacturers and cloud providers to a highly diversified base of business-to-business technology experts. Through Ingram Micro Xvantage™, our AI-powered digital platform, we offer what we believe to be the industry's first comprehensive business-to-consumer-like experience, integrating hardware and cloud subscriptions, personalized recommendations, instant pricing, order tracking, and billing automation. We also provide a broad range of technology services, including financing, specialized marketing, and lifecycle management, as well as technical pre- and post-sales professional support. Learn more at
