Ingram Micro Holding Corporation · NYSE:INGM
Ingram Micro — Q1 2026 Earnings Presentation
22 slides from Ingram Micro's earnings presentation, Apr 30, 2026
Slide 1: Ingram Micro 2026 Q1 Earnings Supplement
Ingram Micro 2026 Q1 Earnings Supplement Delivering with Our AI-driven Xvantage Platform 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: Q1 2026 financial highlights
Q1 2026 financial highlights Q1 2026 Y/Y Growth (1) Net Sales ($B) $ 14.0 +13.7% Gross Profit ($M) $ 926 +11.7% Adjusted Income from Operations (2) ($M) $ 262 +14.4% Non-GAAP Net Income(2) ($M) $ 176 +21.7% Non-GAAP Diluted EPS(2) ($) $ 0.75 +23.0% Key Takeaways: • Double-digit year-over-year growth
Slide 4: Snapshot – Q1 2026
Snapshot – Q1 2026 $14.0B $926M $0.75 (2) Net Sales Gross Profit Non-GAAP Diluted EPS (1) (1) +13.7% y/y, +11.7% y/y, At high end of guidance above high end of guidance above high end of guidance 5.04% $176M (2) $331M (2) Opex % of Net Sales Non-GAAP Net Income Adjusted EBITDA (1) (1) (1) 7bps bette
Slide 5: Proprietary platform architecture matters
Proprietary platform architecture matters Custom AI factory propels our Xvantage ecosystem 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 D
Slide 6: Our IP empowers end-to-end sales workflow
Our IP empowers end-to-end sales workflow Four granted patent applications, with more than 35 pending 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) Email-to- Quote (ETQ) Impact Impact Impact Impact Imp
Slide 7: Xvantage continues to scale
Xvantage continues to scale (1) ~230K ~ 4x 2M+ emails processed through no or higher conversion rate on IDA- Self-serve orders, low manual touch email to order driven opportunities compared to up 13% YoY our standard baseline Up 78% year over year, enabling more Accelerating quote conversion Contrib
Slide 8: Xvantage is a global operating model
Xvantage is a global operating model Across regions, Xvantage is accelerating revenue conversion, improving operating leverage, expanding share of wallet, and strengthening vendor and customer relationships LATAM Region India Large Country Margin Expansion Through Platform Platform and AI Execution
Slide 9: Q1 2026 Net Sales
Q1 2026 Net Sales (1) Q1 Net Sales by geography Q1 Net Sales growth by LOB Inner Circle: Q1 2025 Outer circle: Q1 2026 +30.8% 7% 7% +17.8% 36% 29% 36% 29% +11.7% 28% -5.0% 28% Cloud Adv Sol CES Other North America EMEA Asia Pacific Latin America (1) Growth is on a USD basis Proprietary information o
Slide 10: 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 / 64% 21 to 28 days Solutions Single Digits high automation Mid Single Digits to Low Higher technical labor costs Advanced Solutions 34% Doub
Slide 11: Q1 2026 double-digit growth for all key metrics
Q1 2026 double-digit growth for all key metrics (1) (1) Net Sales ($B) Gross Profit ($M) Adjusted EBITDA ($M) Non-GAAP Net Income ($M) % Y/Y Change % Y/Y Change % Y/Y Change +13.9% % Y/Y Change +13.7% +11.7% +21.7% 926 331 14.0 176 12.3 291 829 144 2025Q1 2026Q1 2025Q1 2026Q1 2025Q1 2026Q1 2025Q1 20
Slide 12: Strong balance sheet
Strong balance sheet $3.4B 2.4x 1.7x of available liquidity under Total debt / Q1 2026 TTM Net debt / Q1 2026 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: Capital allocation strategy
Capital allocation strategy Annual FCF Effective management of working capital investments through high growth Paid down incremental $200M of cycle term loan in February Dividend of $19 million paid to $75M of cash utilized in March for shareholders during the 1st quarter; share repurchase with foll
Slide 14: Q2 2026 guidance
Q2 2026 guidance Q2 FY26 Guidance Ranges (USD millions except EPS) Low High Midpoint Net Sales 13,600 14,000 13,800 YoY Growth 6.3% 9.4% 7.9% Gross Profit 905 950 928 Non-GAAP Diluted EPS $ 0.68 $ 0.78 $ 0.73 Key Takeaways: • Strong growth on net sales continuing in high single-digits, led by Cloud
Slide 15: Appendix
Appendix Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 15
Slide 16: GAAP to Non-GAAP reconciliations: Adjusted Income from Operations
GAAP to Non-GAAP reconciliations Adjusted Income from Operations Thirteen Weeks Thirteen Weeks Ended March 28, Ended March 29, ($ in thousands) 2026 2025 Income from operations $ 222,915 $ 200,864 Amortization of intangibles 21,684 21,430 Restructuring costs 9,460 1,933 Integration and transition co
Slide 17: GAAP to Non-GAAP reconciliations: Adjusted EBITDA
GAAP to Non-GAAP reconciliations Adjusted EBITDA Thirteen Weeks Thirteen Weeks Ended March 28, Ended March 29, ($ in thousands) 2026 2025 Net income $ 98,870 $ 69,189 Interest income (10,245) (13,818) Interest expense 70,536 74,889 Provision for income taxes 41,739 31,214 Depreciation and amortizati
Slide 18: GAAP to Non-GAAP reconciliations: ROIC
GAAP to Non-GAAP reconciliations ROIC Thirteen Weeks Thirteen Weeks Ended March 28, Ended March 29, ($ in thousands) 2026 2025 Net income $ 98,870 $ 69,189 Stockholders' equity 4,204,120 3,862,703 Long-term debt 2,553,967 3,031,637 Short-term debt and current maturities of long-term debt 786,520 453
Slide 19: GAAP to Non-GAAP reconciliations: Adjusted ROIC
GAAP to Non-GAAP reconciliations Adjusted ROIC Thirteen Weeks Thirteen Weeks Ended March 28, Ended March 29, ($ in thousands) 2026 2025 Net income $ 98,870 $ 69,189 Pre-tax adjustments: Other (income) expense 82,306 100,461 Amortization of intangibles 21,684 21,430 Restructuring costs 9,460 1,933 In
Slide 20: GAAP to Non-GAAP reconciliations: Non-GAAP Net Income
GAAP to Non-GAAP reconciliations Non-GAAP Net Income Thirteen Weeks Thirteen Weeks Ended March 28, Ended March 29, ($ in thousands) 2026 2025 Net income $ 98,870 $ 69,189 Pre-tax adjustments: Amortization of intangibles 21,684 21,430 Restructuring costs 9,460 1,933 Net foreign currency exchange (gai
Slide 21: GAAP to Non-GAAP reconciliations: Adjusted Free Cash Flow
GAAP to Non-GAAP reconciliations Adjusted Free Cash Flow Thirteen Weeks Thirteen Weeks Ended March 28, Ended March 29, ($ in thousands) 2026 2025 Net Income $ 98,870 $ 69,189 Depreciation and amortization 49,690 48,031 Other non-cash items and changes to non-working capital assets/liabilities (178,2
Slide 22: GAAP to Non-GAAP reconciliations: Basic and Diluted EPS
GAAP to Non-GAAP reconciliations Basic and Diluted EPS Thirteen Weeks Thirteen Weeks Ended March 28, Ended March 29, 2026 2025 Basic and Diluted EPS - GAAP (a) $ 0.42 $ 0.29 Amortization of intangibles 0.09 0.09 Restructuring costs 0.04 0.01 Net foreign currency exchange (gain) loss 0.00 0.10 Integr