In Q1 2026 (reported April 2026), Ingram Micro posted net sales of $14.0 billion, up 13.7% year-over-year, with net income up 42.9% and non-GAAP net income up 21.7%. The company continued executing with discipline in 2025, delivering strong sales growth in Advanced Solutions, Cloud and Client and Endpoint Solutions, coupled with solid operating leverage and sustained efficiency gains from its Xvantage platform.
Cyborg Score Rationale
Q1 2026 results show accelerating profitability with 42.9% year-over-year net income growth and strong cash generation. The company's diversified B2B IT distribution model and AI-powered platform provide defensible positioning in a growing cloud and advanced solutions market. Margin expansion and operating leverage demonstrate operational excellence.
Top Insights
Q1 2026 dividend increased to $0.084 per share sequentially, reflecting shareholder returns optimization.
Xvantage platform represents competitive differentiation through AI-powered digital experience integration across hardware and cloud.
Adjusted free cash flow reached $1.6 billion in Q4 2025, the highest quarterly level in more than a decade, indicating strong cash conversion.
Completed secondary offering in March 2026 (10.3 million shares) with concurrent share repurchase program authorized for $100 million.
Named Competitors
Arrow Electronics — Technology distributor and solutions provider
Synnex — IT distributor and cloud solutions provider
CDW — IT distributor and technology solutions provider
D&H — IT distributor and master agent
Recent Developments
(April 2026) Q1 2026 net sales reached $14.0 billion, up 13.7% YoY, with net income growth of 42.9%
(March 2026) Secondary offering of 10.3 million shares completed; dividend increased to $0.084 per share
(March 2026) Q4 2025 net sales of $14.9 billion, up 11.5% YoY; adjusted free cash flow of $1.6 billion in the quarter
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