Ingram Micro Prices Secondary Stock Offering at $26 Per Share

Overview of the Offering#

Ingram Micro Holding Corporation, based in Irvine, California, has announced the pricing of a secondary public offering. This offering, conducted by Ingram Holdco, LLC (an affiliate of Platinum Equity, LLC), includes 12,740,384 shares of common stock priced at $26.00 each. The selling stockholder has also provided underwriters with a 30-day option to buy an additional 1,730,769 shares at the same price, minus any underwriting fees. Notably, Ingram Micro itself is not selling any shares and will not benefit financially from this offering.

Share Repurchase Plan#

In conjunction with the secondary offering, Ingram Micro has authorized a repurchase of $30 million worth of its own common stock at the same price of $26 per share. This repurchase will be funded using the company’s existing cash reserves. It is important to note that while the repurchase depends on the successful closing of the offering, the offering’s completion does not rely on the repurchase.

Underwriters and Closing Details#

The offering is being managed by several financial institutions, including Morgan Stanley, Goldman Sachs, and J.P. Morgan, among others. The transaction is expected to close around Thursday, pending standard closing conditions. This offering is made through an automatic shelf registration statement filed with the Securities and Exchange Commission (SEC).

Recent Financial Performance#

Ingram Micro has experienced notable activity following its first-quarter fiscal 2026 results, which exceeded expectations in revenue, gross profit, and earnings per share. The company anticipates second-quarter revenue between $13.6 billion and $14.0 billion, with gross profit expected to range from $905 million to $950 million. Despite some challenges in the Middle East, Ingram Micro has provided a positive earnings per share forecast of $0.68 to $0.78. Analysts have responded favorably, adjusting their price targets for the company, with several firms citing strong demand and growth in sectors like artificial intelligence and cybersecurity.