Ingram Micro Holding Corp (INGM)
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-09
$26.26-7.47%
Close 2026-09-09 · 1-day change
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-09
Intact: The reason to own it still holds.
Ingram Micro is a leading global IT distributor with strong partnerships like HPE. It guides Q2 2026 revenue near $14 billion and EPS up to $0.78. The company has a solid buyback program to boost shareholder value. Its valuation is cheap versus peers with a PE of 8.93.
Growth could slow if demand weakens or competition intensifies. Margins may compress if supply chain costs rise. Buybacks and dividends may not offset valuation risks if earnings disappoint.
The price is about 12% below our fair value near $31, reflecting roughly 5% revenue growth expected by analysts. Our view aligns with consensus but sees modest upside given valuation and buyback support.
Breaks if: EPS falls below $0.68 in Q2 2026
Ingram Micro provided EPS guidance for Q2 2026 between $0.68 and $0.78.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment is characterized as a durable compounder with a focus on consistent revenue growth and profitability. The current thesis state is intact, supported by recent positive earnings and management's commitment to shareholder returns.
The market currently prices INGM as cheap compared to its peers, with a slight expectations gap indicating that some caution is already factored in. The valuation reflects a low level of fragility, suggesting that investors are not overly concerned about execution quality at this time.
Fundamentals are likely to remain stable, as management is on track with its priorities of revenue growth and profitability. However, there is a moderate risk of missing earnings expectations, especially given recent trends in the industry.
The long-term thesis hinges on management's ability to maintain guidance and deliver on growth targets. Additionally, external factors such as Federal Reserve rate decisions and performance from key sector players will play a critical role in shaping the outlook.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improvement. Strong profit growth increases profitability and operating leverage. The company also plans to return capital to shareholders. There are no new threats to the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $13.6 billion in Q2 2026
Breaks if: Buyback program is halted or materially reduced
Ingram Micro has announced a share buyback program to enhance shareholder value.
Over the next 1 to 3 years, INGM's performance will depend on its execution and broader market conditions. Not investment advice.