Ingram Micro Holding Corp

Q3 FY2024 (13 weeks ended September 28, 2024). Total net sales $11,762,628K (~$11.76B). Ingram Micro is a broad-line IT distributor with 1,500+ vendor partners. Segments are geographic only (North America $4,284M, EMEA $3,471M, Asia-Pacific $3,154M, LatAm $855M) with NO product-line or solution-type revenue breakdown. The company lists NVIDIA and Super Micro Computer among its key vendor partners, meaning it distributes AI servers and GPUs to resellers. However, Apple alone accounts for ~19% of sales and HP for ~10%, meaning the vast majority of revenue is traditional IT distribution (PCs, peripherals, networking, storage). No AI-specific revenue is disclosed anywhere in the filing. AI is mentioned only as a 'megatrend' in boilerplate language. The 'Xvantage' platform uses 'AI-driven engines' internally but this is operational tooling, not revenue. Conservative estimate: industry reports suggest AI server distribution was beginning to ramp through the channel in mid-2024, with NVIDIA GPU servers and SMCI systems flowing through distributors. Estimated AI-related distribution revenue (GPU servers, AI networking equipment) ~$290M out of $11,763M total = ~2.5%. Math: $290M / $11,763M = 2.5%.