Ingram Micro sets multi-year financial targets at capital markets day

Ingram Micro Holding Corporation (NYSE: INGM) held its inaugural Capital Markets Day at NYSE Texas in Dallas, where company executives presented a multi-year financial framework covering fiscal years 2026 through 2029.

The framework targets net sales compound annual growth of approximately 4% to 6%, with gross profit CAGR of approximately 5% to 7%. The company set a non-GAAP net income CAGR target of approximately 11% to 13%, while targeting annual operating expenses of approximately 4.4% to 4.8% of net sales. Adjusted free cash flow as a proportion of adjusted EBITDA is targeted at approximately 30% or more annually, with adjusted return on invested capital averaging approximately 16% to 17% over the four-year period.

Chief Financial Officer Mike Zilis said the company expects third-quarter fiscal 2026 results to come in at the high end of the guidance range provided during its second-quarter earnings call. "Our long-term financial framework is built on clear objectives of growing gross profit faster than net sales, driving further operating expense efficiency and leverage, and converting that operating leverage into non-GAAP net income growth that, at the midpoint of our framework, is more than twice the rate of net sales growth," Zilis said.

Chief Executive Officer Paul Bay described the company's strategy as a transition toward what it calls a B2B intelligent operating system for the technology ecosystem. The company serves more than 165,000 customers and more than 1,500 vendors globally.

President of the Global Platform Group Sanjib Sahoo highlighted the company's Xvantage platform, which the company says incorporates more than 400 AI and machine-learning models. "Every interaction strengthens the platform, helping our customers and vendor partners achieve better outcomes," Sahoo said.

The company noted that its long-term financial framework does not constitute guidance for any specific fiscal year. The information is based on a press release issued by Ingram Micro.

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