Filing Flows › Ingram Micro Holding (INGM) › Q4 2025
Ingram Micro Holding (INGM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
Ingram Micro Holding (INGM) reported revenue of $14.9B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +18% from the quarter before. Operating margin was 2.1%, net earnings $121M (0.8% of revenue).
Ingram Micro Holding, Q4 2025: revenue $14.9B (+12% year over year), operating margin 2.1%, net earnings $121M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9B | +18% | +11% |
| Gross profit | $966M | +11% | +3% |
| Operating profit | $310M | +39% | +25% |
| Net earnings | $121M | +22% | +46% |
| Operating cash flow | $1.6B | — | +403% |
| Free cash flow | $1.5B | — | +456% |
What changed
Revenue was $14.9B in Q4 2025, up 11% year over year and up 18% from the previous quarter.
Gross margin was 6.5%, down 0.5 points from a year earlier. Operating profit was $0.31B, a 2.1% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, above the 2% margin then. Operating expenses fell 4% while revenue rose 11%. Net earnings were $0.12B, up 46% year over year. The effective tax rate was 44.8%.
Operating cash flow was $1.6B (up 403% year over year), 1285% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $1.4B. Capital expenditures of $0.04B left free cash flow of $1.5B.
Questions
What was Ingram Micro Holding's revenue in the fourth quarter 2025?
Ingram Micro Holding (INGM) reported revenue of $14.9B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +18% from the quarter before.
Was Ingram Micro Holding profitable in the fourth quarter 2025?
Operating profit was $310M (2.1% of revenue) and net earnings $121M.