Ingram Micro Holding Corp. reported fiscal third‑quarter 2025 results for the period ended September 27, 2025, showing net sales of $12.6 billion, a 7.2% year‑over‑year increase from $11.8 billion in the same quarter last year.
GAAP net income reached $99.5 million, or $0.42 per share, compared with $76.9 million, or $0.32 per share, in Q3 2024. Non‑GAAP net income was $168.7 million, or $0.72 per share, up 6.0% from $168.0 million, or $0.68 per share, in the prior year.
Gross margin contracted to 6.90% from 7.19% in Q3 2024, largely due to a shift in the sales mix toward lower‑margin client and endpoint solutions and large enterprise customers. Client and endpoint solutions grew 13% FX‑neutral, while advanced solutions and cloud segments saw declines.
The company noted a ransomware incident in July that had a minor financial impact of $0.02‑$0.03 per share and was managed with minimal business disruption.
Management guided for Q4 2025 net sales of $14.0 billion to $14.35 billion, representing over 6% year‑over‑year growth, and non‑GAAP EPS of $0.85 to $0.95. The company also increased its quarterly dividend to $0.08 per share, a 2.6% rise.
Cash flow metrics improved year‑over‑year; operating cash used fell, but adjusted free cash flow remained negative at $109.9 million versus $254.6 million in Q3 2024. The company emphasized continued investment in its Xvantage platform and AI initiatives as part of its platform‑centric transformation.
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