INGMNYSEWholesale-Computers & Peripheral Equipment & SoftwareUS GAAP · USD

Ingram Micro Holding Corp

Ingram Micro Holding Corp is a global distributor and solutions provider for the IT ecosystem, moving hardware, software, cloud services, and related support through a B2B platform. It sits between technology vendors and a large base of resellers, service providers, operators, and other channel partners, adding logistics, financing, technical support, and digital marketplace capabilities.

Kysy yhtiöstä
Liikevaihto52,6mrd USD
+9,5 %v/v
Liikevoitto (EBIT)877milj. USD
+7,2 %v/v
EBIT-marginaali1,7%
−0,0 %-yks.v/v
Nettotulos328milj. USD
+24,1 %v/v
Vapaa kassavirta785milj. USD
+310,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

0204060mrd USD2022: 50,8 mrd USD2022: EBIT 3,2 mrd USD20222023: 48,0 mrd USD2023: EBIT 0,94 mrd USD20232024: 48,0 mrd USD2024: EBIT 0,82 mrd USD20242025: 52,6 mrd USD2025: EBIT 0,88 mrd USD202552,60,88
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Ingram Micro Holding Corp

Liiketoiminta

Osuus liikevaihdosta
IT Product Distribution80 %

Distribution of computers, peripherals, software, and mobility products through the channel.

Cloud Marketplace and Digital Platform10 %

Cloud subscription and third-party cloud services sold through the Xvantage marketplace.

Professional and Value-Added Services5 %

Pre-sales engineering, integration, technical support, insights, and financing services.

ITAD and Reverse Logistics5 %

Device disposition, repair, refurbishment, recycling, reuse, and resale services.

Tuotteet

Raportoitu · osuus liikevaihdosta
64,4%33,5%FY2025100 %
  • Client and Endpoint Solutions64,4 %
  • Advanced Solutions33,5 %
  • Other Sales1,2 %
  • Cloud Based Solutions0,9 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells primarily to channel partners rather than end consumers, including value-added resellers, corporate resellers, retailers, systems integrators, managed service providers, cloud services providers, and mobile operators. These customers buy from Ingram Micro because it provides inventory access, credit, logistics, and a broad product and cloud catalog that helps them serve enterprise, SMB, public sector, retail, and telecom end markets.

Value-added resellers and corporate resellers

Buy hardware, software, and services to bundle into enterprise solutions and managed offerings.

Cloud services providers and MSPs

Buy cloud subscriptions and marketplace offerings to resell or manage recurring services.

Retail, e-tail, and internet-based resellers

Buy consumer and commercial devices for online and brick-and-mortar resale.

Mobile operators and telecom channel partners

Buy mobility devices, accessories, and reverse logistics services for subscriber and device programs.

Systems integrators and installers

Buy products and support services to deliver customized deployments and integration projects.

Strategia

The company is investing in cloud, automation, and its Xvantage platform to make partner transactions more efficient and to shift mix toward higher-margin offerings. It is also focused on cost discipline, SG&A optimization, and restructuring actions to improve productivity while preserving global scale and vendor relationships.

Grow cloud and digital marketplace offeringsKeskipitkä aikaväli

Cloud subscriptions and platform transactions can improve mix and deepen partner stickiness.

Improve operating efficiencyLyhyt aikaväli

Distribution is scale-driven and margin-sensitive, so SG&A control supports profitability.

Strengthen vendor and partner ecosystemKeskipitkä aikaväli

Broad vendor access and channel relevance are central to retaining volume and relevance.

Maantiede

2025

Ingram Micro operates through four reportable regions: North America, EMEA, Asia-Pacific, and Latin America. Management says sales outside the United States are about two-thirds of net sales, and the company also operates in 57 countries with activity across more than 200 countries globally, so foreign exchange, local regulation, and regional demand swings are material to results.

USA62 %
Kina20 %
Intia17 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business is exposed to demand swings in global IT spending, vendor channel strategy changes, and intense competition, all of which can quickly pressure volume and margins. Because it extends credit, operates internationally, and relies on a large logistics network, it also faces customer default risk, foreign exchange volatility, supply chain disruption, and regulatory complexity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Vendor disintermediation1Customer credit losses3Foreign exchange volatility4Execution risk on Xvantage and cloud transformation5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Vendor disintermediationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    OEMs and vendors can reduce distributor relevance by selling direct or changing incentive programs.

    Kohdistuu: Could reduce sales volume and profitability across core distribution lines.

  2. IT demand volatilityVaikutus: Korkea

    Revenue depends on enterprise and channel IT spending, which is cyclical and product-transition driven.

    KohdistuuImpacts hardwareSoftwareMobility demand across regions
  3. Customer credit lossesVaikutus: KeskitasoTodennäköisyys: Korkea

    The company extends credit on a significant portion of sales and operates in markets with longer collection cycles.

    Kohdistuu: Could increase bad debt expense and strain liquidity.

  4. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A large share of sales is outside the U.S., so translation and transaction effects can move results.

    KohdistuuMost visible in EMEAAPACLatin America
  5. Execution risk on Xvantage and cloud transformationVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company is investing in automation and cloud capabilities that must scale without disrupting service levels.

    KohdistuuCould affect partner adoptionCostsMargin improvement
Kysy Clarifolta: Ingram Micro Holding Corp

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

The company sells products, cloud subscriptions, and services with different timing and performance obligations.

Vaikutus: Affects reported revenue timing and mix between product and recurring cloud revenue.

Accounts receivable collectability

The business extends credit to many customers and operates in multiple jurisdictions.

Vaikutus: Impacts bad debt expense and working capital.

Inventory valuation

Hardware and mobility products can become obsolete quickly as technology cycles change.

Vaikutus: Can create write-downs and margin volatility.

Goodwill and intangible assets

Acquisitions and platform investments require periodic impairment testing.

Vaikutus: Could lead to non-cash charges if expected cash flows weaken.

Factoring and guarantees

Receivables are sold under uncommitted factoring programs and the company guarantees some customer financing.

Vaikutus: Affects liquidity, off-balance-sheet exposure, and cost of sales.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Microchip Technology Incorporated

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GigaCloud Technology Inc

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XBP Global Holdings, Inc.

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Päivitetty: 24.9.2026

Ingram Micro Holding Corp (INGM) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo