Ingram Micro Holding Corp
INGMQ2 2025(INGM Q1 FY2025)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$322.2M
AI Revenue (Q)
$396.7M
Total Revenue (Q)
$11.3B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2025 (13 weeks ended March 29, 2025). Total net sales $12,280,843K (~$12.28B), up 8.3% YoY from $11,334,934K. North America grew 9.8% to $4,435M, EMEA grew 0.6% to $3,425M, Asia-Pacific surged 20.1% to $3,618M, and LatAm declined 8.5% to $803M. The strong Asia-Pacific growth is noteworthy as it may reflect AI server distribution demand in that region. No product-category revenue breakdown is provided. No AI-specific revenue disclosure. The filing mentions AI only in boilerplate forward-looking statements. Ingram Micro distributes NVIDIA, AMD, SMCI, Dell, and HPE AI server products to channel resellers. As AI infrastructure spending accelerated in Q1 2025, a growing share of advanced solutions distribution would include AI hardware. Estimated AI-related distribution revenue ~$430M. Math: $430M / $12,281M = 3.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Net sales: North America $4,434,552, EMEA $3,424,737, Asia-Pacific $3,618,182, Latin America $803,372. Total $12,280,843
10-Q Q1 FY2025, Note 11 Segment Information
Net sales [prior year comp]: North America $4,040,339, EMEA $3,404,304, Asia-Pacific $3,012,178, Latin America $878,113. Total $11,334,934
10-Q Q1 FY2025, Note 11 Segment Information
AI Products Identified (Ring 1)
NVIDIA GPU server distributionAI networking equipment distributionAI infrastructure hardware distribution
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Client and endpoint solutionsAdvanced solutions distributionCloud MarketplaceTraditional server/storage distribution
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix