Ingram Micro Q2 Revenue Up 10.9% YoY, Beats Estimates; Q3 Guidance Below Expectations Amid Cyber Incident

Ingram Micro Q2 revenue up 10.9% YoY to $12.79 billion, beating estimates, while next quarter's revenue guidance of $12.13 billion fell short of analyst expectations. GAAP profit per share of $0.16 was 59.8% below consensus estimates. The company's Xvantage platform and automation investments are expected to enhance operating leverage and support strategic transformation.

Ingram Micro (NYSE: INGM), a leading global technology distributor, reported its second-quarter (Q2) 2025 financial results, showcasing strong revenue growth while falling short of analyst expectations for the next quarter. The company's net sales increased by 10.9% year-over-year (YoY) to $12.79 billion, surpassing the $12.02 billion analyst consensus and exceeding the top end of management's $11.765–$12.165 million guidance [1].

Despite the revenue beat, Ingram Micro's GAAP profit per share of $0.16 was significantly below the $0.40 consensus estimate, representing a 59.8% miss. This discrepancy was largely due to a combination of business mix changes and asset write-downs, which narrowed the gross margin to 6.56% from 7.18% in the same period last year [1].

The company's operating cash flow turned negative, with an outflow of $298.0 million compared to a positive inflow of $216.2 million in the prior year. Adjusted free cash flow also turned negative at $262.8 million. Management attributed these declines to increased investments in inventory and accounts receivable to capture demand and pricing opportunities [1].

Ingram Micro's revenue guidance for the third quarter (Q3) 2025 fell short of analyst expectations, with the midpoint of $12.13 billion below the $12.26 billion analyst estimate. The company expects gross profit to be between $815 million and $875 million for Q3 2025, with non-GAAP diluted earnings per share projected between $0.61 and $0.73 [1].

The company's investment in its Xvantage digital platform and automation technologies is expected to enhance operating leverage and support strategic transformation. Ingram Micro's focus on expanding its core business lines, digital platforms, and global reach will be key areas to monitor in the coming quarters [1].

References:
[1] https://www.mitrade.com/insights/news/live-news/article-8-1018733-20250807
[2] https://finance.yahoo.com/news/ingram-micro-nyse-ingm-exceeds-235900256.html