Ingram Micro Holding Corporation · NYSE:INGM
Ingram Micro — Q2 2025 Earnings Presentation
24 slides from Ingram Micro's earnings presentation, Aug 6, 2025
Slide 1: Ingram Micro Q2 2025 Earnings Supplement
Ingram Micro Q2 2025 Earnings Supplement Becoming a Platform Business 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 2025 highlights
Q2 2025 highlights o Net revenue up 10.9% year-over-year • Client and Endpoint solutions particularly strong • Strength in lower cost to serve and lower margin geographies • SMB returned to moderate growth but was outpaced by large enterprise customers o Opex 5.44% of net sales, compared to 5.61% in
Slide 4: Snapshot – Q2 2025
Snapshot – Q2 2025 $12.8B $839M $0.61 (2) Net Sales Gross Profit Non-GAAP Diluted EPS (1) +10.2% y/y +1.7% vs. guidance mid point +$0.03 vs. guidance mid point +5.2% vs. guidance high end $142M (2) $294M (2) 5.44% Non-GAAP Net Income Adjusted EBITDA Opex Leverage (1) (1) (1) +17.7% y/y +4.9% y/y 17b
Slide 5: Snapshot – H1 2025
Snapshot – H1 2025 $25.1B $1.7B $1.22 (2) Net Sales Gross Profit Non-GAAP Diluted EPS (1) (1) +10.5% y/y +1.2% y/y +$0.07 y/y $287M (2) $585M (2) 5.28% Non-GAAP Net Income Adjusted EBITDA Opex Leverage (1) (1) (1) +14.4% y/y +3.9% y/y 46bps better y/y (1) Comparison of first and second quarters of f
Slide 6: Platform business model
Platform business model Increased scale = Cost Demand Organic to serve generation growth Differentiated value creation Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 6
Slide 7: Bringing the flywheel effect to the channel
Bringing the flywheel effect to the channel Enhanced experience More vendors Expanded ecosystem partners Additional solutions Better pricing and promotions Increased customers Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission.
Slide 8: We are using AI to reimagine the B2B journey
We are using AI to reimagine the B2B journey Product Data Customer Platform Management • Chatbot • Product categorization Associate Platform • Recommendations at • Product data every step • Sales insights Vendor Platform harmonization Quote & • Discovery and Order Management • Marketing insights • Z
Slide 9: Architecture matters
Architecture matters 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 System of Re
Slide 10: A single pane of glass
A single pane of glass unifying hardware, software, services, and cloud solutions Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 10
Slide 11: IDA is our Intelligent Digital Assistant
From order taker to order maker IDA is our Intelligent Digital Assistant Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 11
Slide 12: Net Sales by geography
Net Sales by geography Q2 Net Sales by geography H1 Net Sales by geography Inner Circle: 2024 Q2 Inner Circle: 2024 H1 Outer circle: 2025 Q2 Outer circle: 2025 H1 7% 7% 7% 8% 39% 38% 27% 28% 37% 26% 38% 26% 29% 29% 27% 27% North America EMEA Asia Pacific Latin America North America EMEA Asia Pacific
Slide 13: Continued profitability
Continued profitability Net Sales ($ BN) Gross Profit ($ MN) Adjusted EBITDA ($ MN) (1) Non-GAAP Diluted EPS ($) (1) % YoY Change (FxN adjusted below) % Gross Margin % Adjusted EBITDA Margin % YoY Change 10.9% 10.2% 7.18% 6.56% 2.41% 2.30% 11.9% $12.8 $11.5 $828 $839 $294 $279 $0.61 $0.54 2024Q2 202
Slide 14: Continued strong balance sheet & liquidity
Continued strong balance sheet & liquidity $3.3 BN 2.8x 2.2x of available liquidity under Total Debt / Q2 2025 TTM Net Debt / Q2 2025 TTM Revolving Credit Facility Adjusted EBITDA Adjusted EBITDA Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express
Slide 15: Q3 2025 guidance
Q3 2025 guidance Q3 FY25 Guidance Ranges (USD millions except EPS) Low High Midpoint Net Revenue 11,875 12,375 12,125 YoY Growth 1.0% 5.2% 3.1% Gross Profit 815 875 845 Non-GAAP Diluted EPS $ 0.61 $ 0.73 $ 0.67 Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram M
Slide 16: Appendix
Appendix Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 16
Slide 17: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted Income from Operations Thirteen Weeks Thirteen Weeks Twenty-Six Twenty-Six Ended June 28, Ended June 29, Weeks Ended Weeks Ended ($ in thousands) 2025 2024 June 28, 2025 June 29, 2024 Income from operations $ 142,816 $ 181,128 $ 343,680 $ 351,249 Amortizatio
Slide 18: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted EBITDA Thirteen Weeks Thirteen Weeks Twenty-Six Twenty-Six Ended June 28, Ended June 29, Weeks Ended Weeks Ended ($ in thousands) 2025 2024 June 28, 2025 June 29, 2024 Net income $ 37,826 $ 54,585 $ 107,015 $ 104,137 Interest income (10,065) (10,054) (23,883
Slide 19: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations ROIC Thirteen Weeks Thirteen Weeks Twenty-Six Twenty-Six Ended June 28, Ended June 29, Weeks Ended Weeks Ended ($ in thousands) 2025 2024 June 28, 2025 June 29, 2024 Net income $ 37,826 $ 54,585 $ 107,015 $ 104,137 Stockholders' equity 4,047,646 3,463,705 4,047,646 3
Slide 20: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted ROIC Thirteen Weeks Thirteen Weeks Twenty-Six Twenty-Six Ended June 28, Ended June 29, Weeks Ended Weeks Ended ($ in thousands) 2025 2024 June 28, 2025 June 29, 2024 Net income $ 37,826 $ 54,585 $ 107,015 $ 104,137 Pre-tax adjustments: Other (income) expense
Slide 21: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Non-GAAP Net Income Thirteen Weeks Thirteen Weeks Twenty-Six Twenty-Six Ended June 28, Ended June 29, Weeks Ended Weeks Ended ($ in thousands) 2025 2024 June 28, 2025 June 29, 2024 Net income $ 37,826 $ 54,585 $ 107,015 $ 104,137 Pre-tax adjustments: Amortization of
Slide 22: GAAP to Non-GAAP reconciliations
GAAP to Non-GAAP reconciliations Adjusted Free Cash Flow Thirteen Weeks Thirteen Weeks Twenty-Six Twenty-Six Ended June 28, Ended June 29, Weeks Ended Weeks Ended ($ in thousands) 2025 2024 June 28, 2025 June 29, 2024 Net Income $ 37,826 $ 54,585 $ 107,015 $ 104,137 Depreciation and amortization 49,
Slide 23: 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 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Basic and Diluted EPS - GAAP (a) $ 0.16 $ 0.25 $ 0.46 $ 0.47 Amortization of intangibles 0.09 0.10 0.
Slide 24: Platform business delivering real outcomes
Platform business delivering real outcomes Speed Scale Service Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 24