Ingram Micro (INGM) presented its financial performance and strategic initiatives at the Goldman Sachs Communacopia + Technology Conference 2026, with Chief Financial Officer Mike Zilis highlighting the company's AI-driven growth and operational savings. The conference took place on September 8, 2026, with Capital Markets Day scheduled for September 15, 2026, at the new NYSE facility in Dallas.
Ingram Micro's Q2 financial results showed a 12.5% year-over-year revenue growth, with gross profit dollars increasing by 12%. The company's profit growth rate ran 2 to 3 times faster than revenue growth, and its Return on Invested Capital (ROIC) improved by 240 basis points year over year. The gross profit margin stood at 6.65%.
The company's Advanced Solutions segment grew by 13%, while Cloud revenue saw a 44% year-over-year increase, or 54% excluding the CloudBlue divestiture. Client and Endpoint Solutions grew by 12%. Cloud accounted for less than 1% of net revenue but generated about 18% to 20% of gross profit dollars in the first half of the year.
Ingram Micro's Xvantage platform, launched in 2022, has helped cut annualized operating expenses by $200 million between late 2023 and early 2025. The company has also bought $105 million of shares from Platinum Equity in the first half of 2024. Quarterly dividend increases have been 2.5% or more.
The Xvantage platform, which contains more than 400 machine learning models and has 7 approved patents and roughly 35 pending patents, features an Intelligent Digital Assistant (IDA) to automate manual tasks and prioritize sales motions. Solutions typically involve an average of 6 or more products from multiple vendors.
Ingram Micro operates in 200 countries, covering about 90% of the world’s population, with more than 1,500 vendors and about 165,000 customers. About 30% of equipment has not yet been refreshed, and AI PC penetration is about 30% of PC sales.
Mike Zilis noted that the company has not seen a significant increase in project cancellations but rather more selectivity in customer decisions. The estimated revenue benefit from ASPs, pull-forward, constraints, and selectivity was 3 percentage points in Q2, with an expected 2 to 3 percentage points for the upcoming quarter.
