Ingram Micro released its 2025 Sustainable Impact Report today, disclosing significant progress toward its environmental and social governance targets. The technology distributor reported a 45% reduction in Scope 1 and 2 greenhouse gas emissions from the 2022 baseline, achieving half of its Science Based Targets initiative (SBTi) goal within three years. This performance underscores the company’s operational efficiency gains as it advances its "10 to Zero" initiative.

The report highlights that Ingram Micro diverted 94% of waste from landfill and incineration, surpassing its 2030 waste management target for the second consecutive year. Additionally, the company reduced its Days Away Incident Rate by 13% year over year, reflecting improved worker health and safety protocols. Paul Bay, CEO of Ingram Micro, stated the company remained focused on supporting customers and investing in people while operating responsibly.

Key Performance Metrics

Recognition and Compliance

Ingram Micro earned Great Place to Work Certification in eight countries and received an EcoVadis Gold rating, placing it in the top 5% of more than 150,000 companies on the platform. The report aligns with Global Reporting Initiative (GRI) principles and incorporates indices for the Sustainability Accounting Standards Board (SASB), Taskforce on Climate-related Financial Disclosures (TCFD), and United Nations Sustainable Development Goals (UN SDGs).

What the Numbers Show

The divergence between waste diversion and emission reduction trajectories suggests distinct operational levers are driving sustainability outcomes. While waste diversion has already exceeded long-term targets, emissions reductions are progressing linearly toward the 2030 deadline. Maintaining this pace is critical to meeting the remaining half of the SBTi commitment.

Ingram Micro Holding Corporation reported its strongest second-quarter results in company history for fiscal Q2 2026, with net sales of $14.5 billion surpassing the high end of guidance and rising 13.6% year-over-year. Non-GAAP diluted EPS came in at $0.82, well above the guidance range, while GAAP net income surged 193.1% year-over-year to $110.9 million. The results reflect healthy demand across business lines, with the Xvantage™ platform and AI-infrastructure products emerging as key growth drivers.

"We delivered the strongest second quarter results in Ingram Micro's history, exceeding our guidance and demonstrating the strength of our global business, diversified portfolio, and disciplined execution," said Paul Bay, Chief Executive Officer. Chief Financial Officer Mike Zilis added that the results highlight the scalability of the operating model, noting that non-GAAP net income grew at a rate well over two times that of gross profit.

Consolidated Q2 FY2026 Financial Highlights

The table below summarizes key financial metrics for the quarter compared to the prior year period:

Gross profit grew to $958.7 million from $839.2 million in the prior fiscal second quarter, representing a 14.2% increase. Gross margin expanded to 6.60% from 6.56%, though the comparison reflects a shift in sales mix towards lower-margin AI-infrastructure products. Cash used in operations was $533.2 million, compared to $298.0 million in the prior fiscal second quarter, primarily driven by heavier inventory investment to support business growth ahead of ongoing supply constraints.

Regional Performance

The following table presents net sales and income from operations margin by geographic segment:

Asia-Pacific was the second-largest region in terms of both net sales and operating margin, driven by 51% growth in Advanced Solutions (led by GPU and AI-infrastructure products) and 87% growth in Cloud-based Solutions. North America saw an 8% increase in Client and Endpoint Solutions and 54% growth in Cloud-based Solutions (excluding the CloudBlue divestiture). EMEA growth was led by 10% growth in Advanced Solutions and 44% growth in Cloud-based Solutions. Latin America posted 32% growth in Client and Endpoint Solutions and 71% growth in Cloud-based Solutions.

Dividend Increase

The board of directors declared a third quarter cash dividend of $0.086 per share, representing a sequential increase of 2.4% from the $0.084 per share paid in the second quarter. The dividend is payable on August 25, 2026, to stockholders of record as of August 11, 2026. Additionally, a secondary offering was completed in May for 14.5 million shares, inclusive of the company's purchase of 1.2 million shares to further reduce the ownership stake of its primary shareholder.

Fiscal Q3 FY2026 Outlook

The following table presents the company's guidance for fiscal Q3 2026:

The Q3 FY2026 net sales guidance implies year-over-year growth of 7.5% to 10.7%. The guidance assumes an effective tax rate of approximately 27% on a non-GAAP basis and 231.9 million diluted shares outstanding.