Ingram Micro Holding Corp
INGMQ3 2025(INGM Q2 FY2025)Estimated3.8% AI
AI Revenue %
3.8%
AI Fair Value
$730.3M
AI Revenue (Q)
$869.3M
Total Revenue (Q)
$22.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2025 (13 weeks ended June 28, 2025). Total net sales $12,793,956K (~$12.79B), up 10.9% YoY from $11,541,439K. North America surged 13.7% to $4,982M (up from $4,380M), while Asia-Pacific grew 16.1% to $3,479M. The filing notes integration and transition costs included a 'net write-down charges related to assets and liabilities held for sale' of $33.3M in North America, suggesting portfolio restructuring. The disproportionate North American growth likely reflects AI server distribution ramp as enterprise AI infrastructure spending peaked. The 26-week cumulative net sales were $25,074,799K vs $22,876,373K prior year (+9.6%). Still no product-line breakdown or AI-specific revenue disclosure. Estimated AI-related distribution revenue ~$510M as AI server/GPU distribution ramped further. Math: $510M / $12,794M = 4.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Net sales: North America $4,982,224, EMEA $3,479,414, Asia-Pacific $3,478,838, Latin America $853,480. Total $12,793,956
10-Q Q2 FY2025, Note 11 Segment Information
Twenty-Six Weeks Ended June 28, 2025: Total net sales $25,074,799 vs $22,876,373
10-Q Q2 FY2025, Condensed Consolidated Statements of Income
Integration and transition costs... North America $33,338 [13 weeks ended Jun 28, 2025] primarily related to net write-down charges related to assets and liabilities held for sale
10-Q Q2 FY2025, Note 11 Segment Information footnote (b)
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