Ingram Micro Holding Corporation · NYSE:INGM
Ingram Micro — Q3 2025 Earnings Presentation
21 slides from Ingram Micro's earnings presentation, Oct 30, 2025
Slide 1: Ingram Micro Q3 2025 Earnings Supplement
Ingram Micro Q3 2025 Earnings Supplement Value Creation to Value Capture in the Age of AI Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 1
Slide 2: Important notice
Important notice This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You can identify forward-loo
Slide 3: Q3 2025 financial highlights
Q3 2025 financial highlights Q3 2025 Y/Y Growth (1) Net Sales ($B) $ 12.6 +7.2% Gross Profit ($M) $ 870 +2.9% Adjusted Income from Operations(2) ($M) $ 258 +1.5% Non-GAAP Net Income(2) ($M) $ 169 +6.0% Key Takeaways: • Net sales up 7.2% driven by continued momentum across all geographies; particular
Slide 4: Snapshot – Q3 2025
Snapshot – Q3 2025 $12.6B $870M $0.72 (2) Net Sales Gross Profit Non-GAAP Diluted EPS (1) (1) +7.2% y/y +2.9% y/y +$0.05 vs. guidance midpoint $169M (2) $342M (2) 5.13% Non-GAAP Net Income Adjusted EBITDA Opex % of Net Sales (1) (1) (1) +6.0% y/y +3.2% y/y 20bps better y/y (1) Growth is on a USD bas
Slide 5: Snapshot – YTD 2025
Snapshot – YTD 2025 (1) $37.7B $2.5B $1.94 (3) Net Sales Gross Profit Non-GAAP Diluted EPS (2) (2) (2) +8.8% y/y +1.1% y/y +3.7% y/y $455M (3) $927M (3) 5.23% Non-GAAP Net Income Adjusted EBITDA Opex % of Net Sales (2) (2) +9.8% y/y (2) +2.9% y/y 37bps better y/y (1) Comparison of first, second, and
Slide 6: Custom AI Factory architecture
Custom AI Factory architecture Cloud-based platform Associates Customers Vendors Real-time data processing API/ Microservices Data Visualization AI / ML Powered Intelligent Engines Decoupled data access Flexible, extensible data Real-time Data Mesh schemas AI/ ML Factory Engines for plug and play Sy
Slide 7: Ingram Micro’s AI ecosystem
Ingram Micro’s AI ecosystem Supply Demand AI Stack AI Ecosystem Xvantage Enable AI Hardware Xvantage Assist Integrators Model and Algorithm MSPs Software and Application AI Factory MSSPs Hyperscaler NSPs ML / LLM ops Data and Governance Solution providers Agnostic frameworks Platform and Infrastruct
Slide 8: Xvantage Enable | AI program
Xvantage Enable | AI program Empowers partners to understand, sell & deliver AI at scale • AI maturity assessments • Enablement workshops • Learning and certification paths • Industry and vertical use cases • Physical and virtual solution labs Proprietary information of Ingram Micro — Do not distrib
Slide 9: Xvantage momentum continues
Xvantage momentum continues Hundreds of 100% Millions $ (1) Growth Doubled (2) (3) In incremental revenue on IDA From non-US countries adopting IDA Quote-to-order conversion on IDA (1) $ indicates US dollars (2) Versus prior quarter (3) Versus non-IDA engagements Proprietary information of Ingram Mi
Slide 10: Net Sales by geography
Net Sales by geography Q3 Net Sales by geography YTD Net Sales by geography Inner Circle: Q3 2024 Inner Circle: YTD 2024 Outer circle: Q3 2025 Outer circle: YTD 2025 8% 7% 7% 8% 35% 37% 28% 27% 36% 28% 37% 26% 30% 29% 29% 28% North America EMEA Asia Pacific Latin America North America EMEA Asia Paci
Slide 11: Technology trends drive profitability
Technology trends drive profitability (1) (1) Net Sales ($B) Gross Profit ($M) Adjusted EBITDA ($M) Non-GAAP Net Income ($M) % Y/Y Change % Gross Margin % Adjusted EBITDA Margin % Y/Y Change 7.2% 7.19% 6.0% 6.90% 2.82% 2.72% $332 $342 $12.6 $870 $169 $11.8 $845 $159 2024Q3 2025Q3 2024Q3 2025Q3 2024Q
Slide 12: Strong balance sheet
Strong balance sheet $3.1B 2.8x 2.2x of available liquidity under Total Debt / Q3 2025 TTM Net Debt / Q3 2025 TTM Revolving Credit Facility Adjusted EBITDA Adjusted EBITDA Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 12
Slide 13: Q4 2025 guidance
Q4 2025 guidance Q4 FY25 Guidance Ranges (USD millions except EPS) Low High Midpoint Net Sales 14,000 14,350 14,175 Y/Y Growth 4.9% 7.5% 6.2% Gross Profit 935 990 963 Non-GAAP EPS $ 0.85 $ 0.95 $ 0.90 Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's exp
Slide 14: Appendix
Appendix Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 14
Slide 15: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted Income from Operations Thirteen Weeks Thirteen Weeks Thirty-Nine Thirty-Nine Ended Ended Weeks Ended Weeks Ended September 27, September 28, September 27, September 28, ($ in thousands) 2025 2024 2025 2024 Income from operations $ 223,513 $ 218,174 $ 567,193
Slide 16: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted EBITDA Thirteen Weeks Thirteen Weeks Thirty-Nine Thirty-Nine Ended Ended Weeks Ended Weeks Ended September 27, September 28, September 27, September 28, ($ in thousands) 2025 2024 2025 2024 Net income $ 99,457 $ 76,969 $ 206,472 $ 181,106 Interest income (12
Slide 17: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations ROIC Thirteen Weeks Thirteen Weeks Thirty-Nine Thirty-Nine Ended Ended Weeks Ended Weeks Ended September 27, September 28, September 27, September 28, ($ in thousands) 2025 2024 2025 2024 Net income $ 99,457 $ 76,969 $ 206,472 $ 181,106 Stockholders' equity 4,102,375
Slide 18: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted ROIC Thirteen Weeks Thirteen Weeks Ended September 27, Ended September 28, Thirty-Nine Weeks Ended September 27, Thirty-Nine Weeks Ended September 28, ($ in thousands) 2025 2024 2025 2024 Net income $ 99,457 $ 76,969 $ 206,472 $ 181,106 Pre-tax adjustments:
Slide 19: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Non-GAAP Net Income Thirteen Weeks Thirteen Weeks Thirty-Nine Thirty-Nine Ended Ended Weeks Ended Weeks Ended September 27, September 28, September 27, September 28, ($ in thousands) 2025 2024 2025 2024 Net income $ 99,457 $ 76,969 $ 206,472 $ 181,106 Pre-tax adjustm
Slide 20: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted Free Cash Flow Thirteen Weeks Thirteen Weeks Thirty-Nine Thirty-Nine Ended Ended Weeks Ended Weeks Ended September 27, September 28, September 27, September 28, ($ in thousands) 2025 2024 2025 2024 Net Income $ 99,457 $ 76,969 $ 206,472 $ 181,106 Depreciatio
Slide 21: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Basic and Diluted EPS Thirteen Thirteen Thirty-Nine Thirty-Nine Weeks Ended Weeks Ended Weeks Ended Weeks Ended September 27, September 28, September 27, September 28, 2025 2024 2025 2024 Basic and Diluted EPS - GAAP (a) $ 0.42 $ 0.35 $ 0.88 $ 0.81 Amortization of in