Ingram Micro Q2 Net Income Nearly Triples to $111M, Raises Dividend, and Discloses $150M Block Trade by Platinum Equity
INGM sits 68% above its 52-week low of $18.09.
Summary
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%.
Key Events · Earnings and Guidance · INGM
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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.
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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.
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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.
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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.
Analysis · 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.
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At the time of this filing, INGM was trading at $30.40 on NYSE in the Trade & Services sector, with a market capitalization of approximately $7B. The 52-week trading range was $18.09 to $31.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.