Ingram Micro reported October 29 that third-quarter net sales increased 20.8% from a year earlier to $15.2 billion, alongside higher profit and cash flow.
GAAP net income reached $131.1 million, up 31.8%. Diluted earnings increased 35.7% to 57 cents per share.
Adjusted net income, which excludes specified items, was $210.6 million, or 91 cents per share. Those figures differ from reported GAAP results.
Operating income rose 31.4% to $293.8 million. Gross profit increased 14.6% to $996.9 million, growing more slowly than revenue.
The technology distributor generated $251 million in operating cash flow during the quarter ended September 26. Management attributed growth to strength across its geographic regions and businesses, particularly cloud services and advanced solutions including GPU and AI infrastructure.
For the fourth quarter, Ingram Micro forecast net sales of $17.5 billion to $17.9 billion and adjusted diluted earnings of $1.05–$1.15 per share.
It also increased its quarterly dividend to 8.8 cents per share, up 10% from a year earlier. The sales and earnings outlook describes expectations rather than completed results.
Sources: Ingram Micro — October 29 Financial Results: https://ir.ingrammicro.com/press-releases/detail/977/ingram-micro-reports-record-q3-2026-results-with-solid-double-digit-growth-in-net-sales-and-net-income-and-strong-cash-flow-generation-raised-full-year-guidance-from-september-capital-markets-day