Ingram Micro Holding Corp
INGMQ1 2025(INGM Q4 FY2024)Estimated2.8% AI
AI Revenue %
2.8%
AI Fair Value
$808.9M
AI Revenue (Q)
$980.6M
Total Revenue (Q)
$35.0B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2024 / full year FY2024 (fiscal year ended December 28, 2024). Full year net sales $47,983,671K (~$48.0B). 39-week net sales through Q3 were $34,639,001K, implying Q4 net sales = $47,983,671K - $34,639,001K = $13,344,670K (~$13.34B). The 10-K provides no product-line revenue breakdown -- only geographic segments. The company describes three solution categories ('client and endpoint solutions, advanced solutions offerings, cloud-based and other solutions') but provides NO revenue split among them. Strategic priorities include 'Growing our emerging technologies practices, including cybersecurity and AI.' The mention of 'more than 20 proprietary AI-driven engines within Ingram Micro Xvantage' refers to internal platform tools, not AI product revenue. AI server distribution through the channel accelerated in late 2024 as NVIDIA Hopper shipments scaled. Estimated AI-related distribution revenue (GPU servers, AI infrastructure hardware) ~$400M in Q4. Math: $400M / $13,345M = 3.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Net sales: North America $17,373,047, EMEA $14,260,257, Asia-Pacific $12,756,802, Latin America $3,593,565. Total $47,983,671 [full year FY2024]
10-K FY2024, Note 11 Segment Information
Growing our emerging technologies practices, including cybersecurity and AI, and further extending our technology portfolio to build out additional higher value, more complex product and services offerings.
10-K FY2024, Item 1 Business, Strategic Priorities
Our continued investment in our digital capabilities, including in the integration of more than 20 proprietary AI-driven engines within Ingram Micro Xvantage, will enhance the experience of our customers and vendors.
10-K FY2024, Item 1 Business, Strategic Priorities
We generated approximately 19%, 16% and 15% of our consolidated net sales in Fiscal Year 2024, Fiscal Year 2023 and Fiscal Year 2022, respectively, from products purchased from Apple Inc. Additionally, we generated approximately 10% of our consolidated net sales in Fiscal Year 2024 from products purchased from HP Inc.
10-K FY2024, Item 1 Business, Products and Solutions
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