Ingram Micro Holding Corporation · NYSE:INGM
Ingram Micro — Q2 2026 Earnings Presentation
25 slides from Ingram Micro's earnings presentation, Jul 30, 2026
Slide 1: Ingram Micro 2026 Q2 Earnings Supplement
Ingram Micro 2026 Q2 Earnings Supplement Another Quarter of Strong Execution 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: Q2 2026 financial highlights
Q2 2026 financial highlights (1) Q2 2026 Y/Y Growth Net Sales ($B) $ 14.5 +13.6% Gross Profit ($M) $ 959 +14.2% Adjusted Income from Operations (2) ($M) $ 280 +39.6% Non-GAAP Diluted EPS(2) ($) $ 0.82 +34.4% Key Takeaways: • Double-digit year-over-year growth across all key metrics, driven by strong
Slide 4: Snapshot – Q2 2026
Snapshot – Q2 2026 $14.5B $959M $0.82 (2) Net Sales Gross Profit Non-GAAP Diluted EPS (1) (1) +13.6% y/y, +14.2% y/y, +34.4% y/y, above high end of guidance above high end of guidance above high end of guidance 4.97% $191M (2) $356M (2) Opex % of Net Sales Non-GAAP Net Income Adjusted EBITDA (1) (1)
Slide 5: Snapshot – H1 2026
Snapshot – H1 2026 $28.5B $1.9B $1.57 (2) Net Sales (1) Gross Profit Non-GAAP Diluted EPS (1) +13.6% y/y +13.0% y/y +28.7% y/y 5.00% $367M (2) $687M (2) Opex % of Net Sales Non-GAAP Net Income Adjusted EBITDA (1) (1) (1) 28bps better y/y +28.0% y/y +17.5% y/y (1) Variance is on a USD basis (2) Refer
Slide 6: Xvantage measurable ROI on display
Xvantage measurable ROI on display (1) 2.4M + 43% ~$1B Self-serve orders, YoY growth in Email-to-Order net revenue generated by IDA, up 12% YoY ~7% of total net revenue Self-service order mix reached 70%, Representing ~$1.4B in revenue IDA-supported opportunities converted driving improved efficienc
Slide 7: Continuing to expand our IP
Continuing to expand our IP 1 2 3 Automated Configure- 4 Vendor Agnostic Dynamic to-Order & Quote-to- Email-to-Order (ETO) Data Forms (VAF) SKU Generation Order (CTO & QTO) Systems and Methods for Automating Complex Systems and Methods for Automating Email-to-Order Ingesting Agnostic Data Forms Conf
Slide 8: MCP enables a new era: agents talking to agents
MCP enables a new era: agents talking to agents Called directly — multiple tools, one endpoint Product catalog Customer AI Agent Ingram Micro Agent Quoting The reseller’s own agent MCP Server — one endpoint Token-based authentication • no middleware Orders & order status Runs the reseller’s operatio
Slide 9: Enable AI program expanding rapidly
Enable AI program expanding rapidly (1) +60% QoQ partner engagement growth More partners engaged in the Enable AI program as adoption continues to accelerate. ~2x QoQ movement into AI business case deployment Customers are progressing from AI exploration toward deployment-focused business cases. (1)
Slide 10: Google Cloud and Ingram Micro are working together to remove the complexity from IT
“ Google Cloud and Ingram Micro are working together to remove the complexity from IT distribution with the Xvantage platform. Through this unified platform, we’re giving enterprises the ability to transform the way they service customers across every industry. Together, we look forward to partnerin
Slide 11: Q2 2026 geographic and business mix performance
Q2 2026 geographic and business mix performance (1) (2) Q2 Net Sales by geography Q2 Net Sales growth by LOB Q2 Adjusted Income from Operations by geography Inner Circle: Q2 2025 Inner Circle: Q2 2025 Outer circle: Q2 2026 Outer circle: Q2 2026 +46.9% +14.2% +13.2% -7.7% Cloud Adv Sol CES Other (1)
Slide 12: H1 2026 geographic and business mix performance
H1 2026 geographic and business mix performance (1) (2) H1 Net Sales by geography H1 Net Sales growth by LOB H1 Adjusted Income from Operations by geography Inner Circle: H1 2025 Inner Circle: H1 2025 Outer circle: H1 2026 Outer circle: H1 2026 +38.2% +15.9% +12.5% -6.4% Cloud Adv Sol CES Other (1)
Slide 13: Mix drives profitability: line of business
Mix drives profitability: line of business % Net Sales Gross Margin Working Capital Days Labor Mix / Automation Client and Endpoint Low-to-Mid Low labor costs / 63% 24 to 30 days Solutions Single Digits high automation Mid Single Digits to Low Higher technical labor costs Advanced Solutions 35% Doub
Slide 14: Q2 2026 double-digit growth for all key metrics
Q2 2026 double-digit growth for all key metrics (2) (2) Net Sales ($B) Gross Profit ($M) Adjusted EBITDA ($M) Non-GAAP Net Income ($M) % Y/Y Change (1) % Y/Y Change (1) % Y/Y Change % Y/Y Change +13.6% +14.2% +21.0% (1) +34.5% (1) 14.5 959 356 12.8 191 839 294 142 2025Q2 2026Q2 2025Q2 2026Q2 2025Q2
Slide 15: Strong balance sheet
Strong balance sheet $3.1B 2.6x 2.0x of available liquidity under Total debt / Q2 2026 TTM Net debt / Q2 2026 TTM committed receivable- Adjusted EBITDA Adjusted EBITDA backed facilities (0.2x better y/y) (0.2x better y/y) Proprietary information of Ingram Micro — Do not distribute or duplicate witho
Slide 16: Capital allocation strategy
Capital allocation strategy Disciplined capital allocation supporting growth, shareholder returns, and balance sheet strength Annual FCF Return Capital Dividend of $19 million paid to shareholders during the 2nd quarter; announced 2.4% sequential increase for next dividend to be paid in Q3 Enhance S
Slide 17: Q3 2026 guidance
Q3 2026 guidance Q3 FY26 Guidance Ranges (USD millions except EPS) Low High Midpoint Net Sales 13,550 13,950 13,750 YoY Growth 7.5% 10.7% 9.1% Gross Profit 910 955 933 NonGAAP Diluted EPS $ 0.72 $ 0.82 $ 0.77 Key Takeaways: • 7.5%–10.7% sales growth guidance marks the strongest outlook since IPO • H
Slide 18: Appendix
Appendix Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 18
Slide 19: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted Income from Operations Thirteen Thirteen Twenty-Six Twenty-Six Weeks Ended Weeks Ended Weeks Ended Weeks Ended ($ in thousands) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Income from operations $ 235,970 $ 142,816 $ 458,885 $ 343,680 Amortizatio
Slide 20: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted EBITDA Thirteen Thirteen Twenty-Six Twenty-Six Weeks Ended Weeks Ended Weeks Ended Weeks Ended ($ in thousands) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net income $ 110,866 $ 37,826 $ 209,736 $ 107,015 Interest income (14,897) (10,065) (25,14
Slide 21: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations ROIC Thirteen Thirteen Twenty-Six Twenty-Six Weeks Ended Weeks Ended Weeks Ended Weeks Ended ($ in thousands) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net income $ 110,866 $ 37,826 $ 209,736 $ 107,015 Stockholders' equity 4,280,022 4,047,646 4,280,022
Slide 22: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted ROIC Thirteen Thirteen Twenty-Six Twenty-Six Weeks Ended Weeks Ended Weeks Ended Weeks Ended ($ in thousands) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net income $ 110,866 $ 37,826 $ 209,736 $ 107,015 Pre-tax adjustments: Other (income) expens
Slide 23: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Non-GAAP Net Income Thirteen Thirteen Twenty-Six Twenty-Six Weeks Ended Weeks Ended Weeks Ended Weeks Ended ($ in thousands) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net income $ 110,866 $ 37,826 $ 209,736 $ 107,015 Pre-tax adjustments: Amortization of
Slide 24: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted Free Cash Flow Thirteen Thirteen Twenty-Six Twenty-Six Weeks Ended Weeks Ended Weeks Ended Weeks Ended ($ in thousands) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net income $ 110,866 $ 37,826 $ 209,736 $ 107,015 Depreciation and amortization 49
Slide 25: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Basic and Diluted EPS Thirteen Thirteen Twenty-Six Twenty-Six Weeks Ended Weeks Ended Weeks Ended Weeks Ended June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Diluted EPS - GAAP (a) $ 0.48 $ 0.16 $ 0.90 $ 0.46 Amortization of intangibles 0.09 0.09 0.19 0.18 Re