Ingram Micro Q2 Net Income Nearly Triples to $111M, Raises Dividend, and Discloses $150M Block Trade by Platinum Equity

summarizeSummary

Ingram Micro reported Q2 2026 net income of $110.9 million, nearly triple the prior year, with non-GAAP EPS of $0.82 beating guidance. The company raised its dividend and disclosed a previously unreported $150 million block trade by Platinum Equity, which reduced its ownership to about 76.9%.

check_boxKey Events · Earnings and Guidance · INGM

• Record Q2 Earnings Beat

  Net income of $110.9M ($0.48 diluted EPS) nearly tripled YoY; non-GAAP diluted EPS of $0.82 exceeded the high end of guidance, driven by 13.6% sales growth to $14.5B and operating leverage.

• Q3 Guidance Issued

  Company expects Q3 net sales of $13.55B–$13.95B and non-GAAP diluted EPS of $0.72–$0.82, implying continued strong demand but a sequential moderation from Q2.

• Dividend Increased

  Board declared a quarterly cash dividend of $0.086 per share, a 2.4% sequential increase, payable August 25 to shareholders of record August 11.

• Platinum Equity Block Trade Disclosed

  On June 15, Platinum Equity sold 5,167,069 shares at $29.03 per share (~$150M), reducing its ownership to approximately 76.9% — a previously undisclosed continuation of secondary sell-downs.

auto_awesomeAnalysis · INGM · Trade & Services

Record Q2 results underscore Ingram Micro's operating momentum: net income surged 193% to $110.9 million on 13.6% sales growth, comfortably beating the high end of its own guidance. Non-GAAP diluted EPS of $0.82 handily exceeded the forecasted range, and the company guided Q3 non-GAAP EPS to $0.72–$0.82 — a sequential dip but still strong. Signaling confidence in cash generation, the board raised the quarterly dividend 2.4% to $0.086 per share, even as operating cash burn reached $1.51 billion in the first half. Separately, the 8-K disclosed that controlling shareholder Platinum Equity completed a $150 million block trade on June 15, reducing its stake to roughly 76.9% — a continuation of the secondary sell-downs seen in May and June, but this specific transaction had not been previously reported. The combination of blowout earnings, a dividend hike, and further reduction of the overhang from the controlling shareholder is a clear positive, though the persistent material weakness in internal controls and heavy cash consumption temper the enthusiasm.