INGM on NYSE

Ingram Micro

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons6

American technology distributor

Ingram Micro Holding Corporation is an American distributor of information technology products and services. The company is based in Irvine, California, U.S., and has operations around the world.3 From Wikipedia, CC BY-SA 4.0

$26.66 down 0.33 (1.20%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 19, 2026.

Overview

1979Founded1

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  • TickerINGM on NYSE1
  • IndustryWholesale of computers, computer peripheral equipment and software1
  • HeadquartersIrvine1
  • Websitewww.ingrammicro.com
  • Legal formDelaware corporation1
  • LEI549300KJMEWPKRQZHX634
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 26075704
Ingram Micro Irvine HQ
Photo: Imcheeseless, CC BY-SA 4.0, via Wikimedia Commons8

Ingram Micro Holding Corporation is an American distributor of information technology products and services. The company is based in Irvine, California, U.S., and has operations around the world. Founded as Micro D, Inc. in 1979 in California by Geza Czige and Lorraine Mecca, the company was originally a traditional distributor focused on marketing, selling, and shipping vendor products to resellers. It has since repositioned itself as a platform-based business centered on its business-to-business (B2B) digital experience platform.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

6.7%Gross margin9
1.7%Operating margin9
0.6%Net margin9
9.5%Revenue growth, 20259
7.7%Return on equity9
0.65×Debt to equity9
$785.4MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Client and Endpoint Solutions brought in 64% of the revenue Ingram Micro broke down this way in fiscal 2025.

  1. Client and Endpoint Solutions$33.8B964%up 13% from 2024
  2. Advanced Solutions$17.6B933%up 4% from 2024
  3. Other Sales$642.7M91%down 7% from 2024
  4. Cloud Based Solutions$477.6M91%up 3% from 2024
Products and services by year
Products and services202320242025
Client and Endpoint Solutions$29.1B$30.0B$33.8B
Advanced Solutions$17.9B$16.9B$17.6B
Other Sales$624.0M$687.9M$642.7M
Cloud Based Solutions$383.3M$462.1M$477.6M

Regions

Non-US And China And India brought in 22% of the revenue Ingram Micro broke down this way in fiscal 2025.

  1. Non-US And China And India$23.6B922%up 5% from 2024
  2. North America$18.9B918%up 9% from 2024
  3. United States$18.0B917%up 10% from 2024
  4. EMEA$15.2B914%up 7% from 2024
  5. Asia Pacific$14.7B914%up 15% from 2024
  6. [Canada]$5.9B96%up 38% from 2024
  7. India$5.0B95%up 3% from 2024
  8. Latin America$3.7B94%up 3% from 2024
Regions by year
Regions202320242025
Non-US And China And India$22.6B$22.4B$23.6B
North America$18.2B$17.4B$18.9B
United States$17.3B$16.4B$18.0B
EMEA$14.5B$14.3B$15.2B
Asia Pacific$11.6B$12.8B$14.7B
[Canada]$3.5B$4.3B$5.9B
India$4.6B$4.9B$5.0B
Latin America$3.8B$3.6B$3.7B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue93¢$49.1B
  • Selling, general and admin5¢$2.6B
  • Other costs1¢$361.6M
  • Income tax0¢$202.9M
  • Profit1¢$327.9M

Out of $52.6B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending14¢$130.8M
  • Dividends paid9¢$78.4M
  • Kept or used elsewhere77¢$707.0M

Out of $916.1M of cash from operations.9

Financial statements

Revenue109$52.6B in 2025+3% since 2022
0$20.0B$40.0B$60.0B2022: $50.8B$50.8B20222023: $48.0B$48.0B2023−5%2024: $48.0B$48.0B2024−0%2025: $52.6B$52.6B2025+10%
Gross profit109$3.5B in 2025−5% since 2022
0$1.0B$2.0B$3.0B$4.0B2022: $3.7B$3.7B20222023: $3.5B$3.5B2023−4%2024: $3.4B$3.4B2024−3%2025: $3.5B$3.5B2025+2%
Operating income109$876.9M in 2025−73% since 2022
0$1.0B$2.0B$3.0B$4.0B2022: $3.2B$3.2B20222023: $944.3M$944.3M2023−71%2024: $817.9M$817.9M2024−13%2025: $876.9M$876.9M2025+7%
Net income109$327.9M in 2025−86% since 2022
0$1.0B$2.0B$3.0B2022: $2.4B$2.4B20222023: $352.7M$352.7M2023−85%2024: $264.2M$264.2M2024−25%2025: $327.9M$327.9M2025+24%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Net sales$52.6B$48.0B$48.0B
Cost of sales$49.1B$44.5B$44.5B
Gross profit$3.5B$3.4B$3.5B
Selling, general and administrative$2.6B$2.6B$2.6B
Restructuring costs$15.4M$38.4M$18.8M
Total operating expenses$2.6B$2.6B$2.6B
Income from operations$876.9M$817.9M$944.3M
Interest income-$45.7M-$45.3M-$35.0M
Interest expense$302.6M$338.4M$380.2M
Net foreign currency exchange loss$42.3M$22.9M$42.1M
Other expense$47.0M$56.1M$34.6M
Total other (income) expense$346.2M$372.1M$421.8M
Income before income taxes$530.8M$445.9M$522.5M
Provision for income taxes$202.9M$181.6M$169.8M
Net income$327.9M$264.2M$352.7M
Basic earnings per share (in dollars per share)$1.40$1.18$1.59
Diluted earnings per share (in dollars per share)$1.39$1.18$1.59

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The story

Early history

Ingram Micro's origins trace back to the founding of distributor Micro D, Inc. in July 1979 by the husband-and-wife team of Geza Czige and Lorraine Mecca, both of whom were teachers. The company started in Southern California and in its first year of business achieved approximately $3.5 million in sales.

Meanwhile, in 1982, entrepreneurs Ronald Schreiber, Irwin Schreiber, Gerald Lippes, and Paul Willax founded Software Distribution Services in Buffalo, New York. Ingram Distribution Group, a unit of the privately held Ingram Industries, acquired Software Distribution Services in the spring of 1985 and renamed it Ingram Software. The operation was renamed Ingram Computer in February 1988.

After acquiring the remaining publicly traded shares of Micro D in 1989, Ingram Industries merged these two former competitors to create the microcomputer industry's first $1 billion computer-products wholesale distribution company, renaming it Ingram Micro D.

In August 1993, Ingram Micro Belgium acquired Zaventem Electronic Dealer Distribution (Zedd) and many of its assets, including the right to distribute Hewlett-Packard products. In 1996, Ingram Micro became a publicly traded company on the New York Stock Exchange, with revenues exceeding $12 billion.

In July 2005, Ingram Micro purchased AVAD, LLC, a wholesale distributor of home automation and audio/visual gear. It sold this subsidiary in July 2016. A Shared Services Center in Manila, Philippines, began operations in May 2009, followed by another in Sofia, Bulgaria, in 2012. Over time, Ingram Micro built a presence in areas adjacent to its traditional distribution business, including enterprise computing, automatic identification and data capture (AIDC), point-of-sale (POS), managed and professional services, warranty maintenance, mobility, physical security, and consumer electronics.

2010s

In November 2010, Ingram Micro launched Cloud Marketplace, serving value-added resellers (VARs), managed service providers (MSPs), software as a service (SaaS), and other cloud-based services.

In 2014, Ingram Micro expanded further into cloud computing, including software-, platform-, and infrastructure-as-a-service. In June 2014, the company introduced a new logo and the tagline "Ingram Micro helps businesses realize the promise of technology."

In November 2015, after 17 years, Ingram Micro renamed its VentureTech Network as Trust X Alliance. In December 2015, Ingram Micro acquired the Odin Service Automation platform from Parallels for $163.9 million, strengthening its cloud-services capabilities. In May 2016, it acquired Comms-care, a U.K.-based IT support provider.

Read the full text

In February 2016, Ingram Micro agreed to a $6 billion acquisition by Tianjin Tianhai Investment, an HNA Group affiliate, becoming its subsidiary. Alain Monié, Ingram's chief executive, remained in place, and HNA Group director Tan Xiangdong was elected to Ingram Micro's seven-member board of directors. The transaction reportedly made Ingram the biggest revenue generator for HNA Group, with the strategic aim of reaching emerging markets that offered higher growth and better profitability, supported by HNA Group's logistics operations and presence in China. The acquisition was completed in December 2016.

In October 2017, Ingram Micro partnered with DocuSign. In December 2017, it acquired Cloud Harmonics, expanding its cybersecurity capabilities. In May 2018, Ingram Micro formed the cloud platform division CloudBlue, which was later acquired by HostPapa in 2025.

Ownership changes and return to public markets

In December 2020, Platinum Equity announced its intent to acquire Ingram Micro from HNA Technology Co. in an all-cash transaction with an equity value of approximately $7.2 billion. The transaction was completed in July 2021. In December 2021, CEVA Logistics, a subsidiary of CMA CGM, announced plans to acquire Ingram Micro's third-party logistics arm, Commerce & Lifecycle Services (CLS). The acquisition was completed in April 2022. In January 2022, Paul Bay was named Ingram Micro's CEO, succeeding Alain Monié, who stepped down after a decade in the role. On October 15, 2024, Ingram Micro launched a second initial public offering, targeting a valuation of about $5.4 billion. The company's stock began trading on the NYSE under the ticker INGM on October 24, 2024, with shares rising 15% on their debut and valuing the company at roughly $6 billion.

Platform transformation

In May 2022, Ingram Micro previewed its digital experience platform ecosystem, Ingram Micro Xvantage, at its Cloud Summit, describing it as built on a real-time global data mesh and several proprietary engines. In September 2022, the company introduced Xvantage in two of its largest markets, the United States and Germany.

At the 2023 Global Cloud and Innovation Summit in Las Vegas, Ingram Micro announced the integration of its Cloud Marketplace with the Xvantage platform. In October 2023, the company launched an Xvantage mobile app providing real-time order status, tracking, renewals, and subscription billing. Xvantage launched in the United Kingdom in February 2024.

The Ingram Micro ONE flagship conference was held November 6–8, 2024, in Oxon Hill, Maryland. In November 2024, Ingram Micro introduced its Ultra loyalty program, offering partners enhanced incentives, data-driven insights, expert support, and application integration.

In January 2025, Ingram Micro unified its SMB Alliance and Trust X Alliance into a single global community under the Trust X Alliance name, forming a network of more than 600 partners. In June 2025, Ingram Micro launched its Enable AI program for channel partners.

Financial performance

Following its return to the public markets, Ingram Micro reported continued sales growth and improving operating efficiency through fiscal year 2025; the company's financial results under CEO Paul Bay are described in greater detail below (see Leadership under Paul Bay). In early 2026, the company's board declared a quarterly cash dividend of $0.082 per share.

From Wikipedia’s article on Ingram Micro, shared under CC BY-SA 4.0.7

Leadership

Who has led Ingram Micro, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (58)

Products and brands

Xvantage is Ingram Micro's AI-powered B2B digital experience platform. The company launched it in September 2022 in the United States and Germany, describing it as a "digital twin" intended to consolidate hardware, cloud, and software transactions, pricing, order tracking, and billing into a single system. Ingram has described the platform as the foundation of its broader strategy of repositioning itself from a technology distributor into a "platform company," reporting that it comprises a real-time, global data mesh, more than 300 artificial intelligence and machine learning models, and 20 proprietary digital engines. By automating functions such as quote creation, order management, and real-time tracking, the platform is intended to give vendor partners and customers what the company describes as a business-to-consumer-like experience.

Rollout

At launch, Ingram Micro said it planned a global "rest of world" rollout in early 2023. As of mid-2025, the company reported that the platform was active in 20 of the 57 countries in which it operated. By the end of fiscal year 2025, Ingram Micro said that the majority of its net sales were flowing through the platform.

Strategy and recognition

The platform's development has been championed by CEO Paul Bay as a defining initiative of his tenure, and the company credits his leadership with its development and global rollout. In June 2025, the company launched Enable AI, a guided educational program intended to prepare channel partners to sell and deploy artificial intelligence solutions, and it has said it filed more than 35 patents related to the platform. Xvantage has received several industry awards, including the 2024 BIG Innovation Award and recognition from ChannelPro and the Stockies awards (see Recognition).

From Wikipedia’s article on Ingram Micro, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Parent company

Subsidiaries

  • V7

From Wikidata.1

Acquisitions

2004 – acquired Tech Pacific, an IT distributor, significantly increasing its presence in the Asia-Pacific region

2012 – acquired BrightPoint, a mobile device lifecycle services company

2013 – acquired CloudBlue, an ITAD company

2015 – acquired DocData, an e-commerce fulfillment provider in Europe

Read the full text

2019 – acquired Abbakan, a French cybersecurity distributor

2020 – acquired Harmony PSA to further the CloudBlue platform

2021 – acquired BRLink, a Brazilian MSP

From Wikipedia’s article on Ingram Micro, shared under CC BY-SA 4.0.7

Timeline

  1. Oct 23, 2024New chief executive Paul D. Bay becomes CEO13
  2. 2024Went public Listed on NYSE1
  3. Mar 8, 2012New chief executive Alain Monié becomes CEO14
  4. Jan 12, 2006New chief executive Gregory M. Spierkel becomes CEO15
  5. 1979Founded Founded1

Filings

155 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 17 major events, 67 insider forms, 4 large holders, 59 other. The latest 20:

  1. Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Sep 15, 20268-K EDGAR
  3. Sep 14, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Sep 10, 20268-K EDGAR
  5. Sep 9, 2026424B7 EDGAR
  6. Sep 9, 2026424B7 424B4 EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Jul 30, 202610-Q EDGAR
  9. Jul 30, 20268-K EDGAR
  10. Jun 17, 20264 OWNERSHIP DOCUMENT EDGAR
  11. Jun 16, 20264 EDGAR
  12. Jun 15, 2026144 EDGAR
  13. Jun 12, 2026144 EDGAR
  14. May 15, 2026SCHEDULE 13G/A EDGAR
  15. May 14, 20264 EDGAR
  16. May 14, 20268-K EDGAR
  17. May 14, 20264 EDGAR
  18. May 14, 20264 EDGAR
  19. May 14, 20264 EDGAR
  20. May 14, 20264 EDGAR

The 155 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Platinum Equity Advisors, LLC/DE177,466,319$4.9B54.3%−19,638,222
American Century Companies Inc4,500,181$123.4M0.1%+2,398,897
D. E. Shaw & Co., Inc.3,640,415$99.9M0.1%+2,977,942
Capital World Investors3,591,613$98.5M0.0%+279,585
Lind Value II ApS2,728,506$74.8M12.0%−233,873
Victory Capital Management Inc2,673,680$73.3M0.0%−809,190
Millennium Management LLC2,634,362$72.3M0.1%+1,408,435
Goldman Sachs Group Inc1,934,091$53.1M0.0%+646,074
Vanguard Portfolio Management LLC1,911,337$52.4M0.0%+514,415
First Trust Advisors LP1,793,174$49.2M0.0%+1,302,348
River Road Asset Management, LLC1,611,151$44.2M0.5%−146,911
Vanguard Capital Management LLC1,505,472$41.3M0.0%+345,141
Aqr Capital Management LLC1,496,193$40.9M0.0%+910,713
Qube Research & Technologies Ltd1,406,247$38.6M0.0%New
BlackRock, Inc.1,300,132$35.7M0.0%+565,975
Morgan Stanley1,135,802$31.2M0.0%+36,333
Wellington Management Group Llp1,117,203$30.6M0.0%−160,983
Invenomic Capital Management LP1,077,596$29.6M1.8%−301,411
Allspring Global Investments Holdings, LLC995,966$27.1M0.0%−17,635
UBS Group AG936,164$25.7M0.0%+443,153
Valley Wealth Managers, Inc.880,204$24.1M1.4%New
Jacobs Levy Equity Management, Inc785,607$21.5M0.1%+487,418
CastleKnight Management LP738,000$20.2M0.7%+412,300
Bank Of America Corp /de/690,501$18.9M0.0%−347,830
Trexquant Investment LP623,135$17.1M0.1%+352,047

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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