Ingram Micro Reports 10.9% Net Sales Increase to $12.8 Billion for Q2 2025

Ingram Micro Holding Corporation reported a net sales increase of 10.9% for the thirteen weeks ended June 28, 2025, reaching $12.8 billion, compared to $11.5 billion for the same period in 2024. The company's gross profit for the quarter was $839.2 million, slightly up from $828.4 million year-over-year, although the gross margin decreased to 6.56% from 7.18%. The decline in gross margin was attributed to a shift in sales mix towards lower-margin products, particularly in the Client and Endpoint Solutions category, and a write-down related to assets held for sale.

In terms of profitability, Ingram Micro's income from operations fell to $142.8 million, or 1.12% of net sales, down from $181.1 million, or 1.57% of net sales, in the prior year. The decrease was influenced by a $43.2 million write-down associated with the planned sale of non-core operations. The company reported a net income of $37.8 million, translating to diluted earnings per share of $0.16, compared to $54.6 million and $0.25 per share in the previous year.

Operationally, Ingram Micro experienced growth across all geographic segments, with North America leading with a 13.7% increase in net sales, driven by strong demand for advanced solutions and client products. The EMEA and Asia-Pacific regions also saw increases of 4.8% and 16.2%, respectively, while Latin America reported a modest 0.8% growth. The company noted that its advanced solutions and cloud-based offerings now account for over one-third of total net sales, reflecting a strategic shift towards higher-margin services.

Ingram Micro's balance sheet showed total assets of $19.5 billion as of June 28, 2025, up from $18.8 billion at the end of the previous fiscal year. The company reported a total debt of $3.7 billion, with a significant portion attributed to its senior secured notes and term loan facilities. The company has been actively managing its debt, including voluntary repayments totaling $125 million on its term loan in March 2025.

Looking ahead, Ingram Micro anticipates continued growth driven by its investments in advanced solutions and cloud services, despite facing challenges such as competitive pricing pressures and fluctuating market conditions. The company remains focused on optimizing its operations and enhancing profitability through strategic initiatives and cost management.