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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Ingram Micro 2026 Q3 Earnings Supplement A Record Q3, Raising Q4 Guidance and FY 2026 Outlook 1
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Important notice 2 This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” or similar expressions which concern our strategy, plans, projections or intentions, but such words are not the exclusive means of identifying forward-looking statements in this presentation. These forward-looking statements are included throughout this presentation and relate to matters such as our industry, growth strategy, goals and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, and other financial and operating information. By their nature, forward-looking statements: speak only as of the date they are made; are not statements of historical fact or guarantees of future performance; and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Our expectations, beliefs, and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs, and projections will result or be achieved, and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Certain important factors that involve risks and uncertainties and that could cause actual results to differ, possibly materially, from our expectations, beliefs, and projections reflected in such forward-looking statements can be found in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” sections included in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. There are a number of risks, uncertainties, and other important factors that could cause our actual results to differ materially from the forward-looking statements contained in this presentation. Such risks, uncertainties, and other important factors include, among others, the risks, uncertainties, and factors included within the filings we make with the SEC from time to time and the following: general economic conditions, including the impacts of the ongoing conflicts in the Middle East; our estimates of the size of the markets for our products and services; our ability to identify and integrate acquisitions and technologies into our platform; our plans to continue to expand; our ability to continue to successfully develop and deploy Ingram Micro Xvantage ; our ability to retain and recruit key personnel; the competition our products and services face and our ability to adapt to industry changes and market conditions, including inflation, market volatility, and supply constraints for many categories of technology; current and potential litigation involving us; the global nature of our business, including the various laws and regulations applicable to us now or in the future; the effect of various political, geopolitical, and macroeconomic issues and developments, including changes in tariffs or global trade policies and the related uncertainties associated with such developments, import/export and licensing restrictions, military conflicts, and our ability to comply with laws and regulations we are subject to, both in the United States and internationally; our financing efforts, payment of dividends and stock repurchases; our relationships with our customers, original equipment manufacturers, and suppliers; our ability to maintain and protect our intellectual property; the performance and security of our services, including information processing and cybersecurity provided by third parties; our ownership structure; our dependence upon Ingram Micro Inc. and it s controlled subsidiaries for our results of operations, cash flows, and distributions; and our status as a “controlled company” and the extent to which the interests of Platinum Equity, LLC together with its affiliated investment vehicles (“Platinum”) conflict with our interests or the interests of our stockholders. Ingram Micro, Xvantage, and associated logos are trademarks of Ingram Micro Inc. (an indirect subsidiary of Ingram Micro Holding Corporation) or its lice nsors. This presentation and certain of the remarks made orally contain non-GAAP financial measures. Non-GAAP financial measures include adjusted income from operations, EBITDA, adjusted EBITDA, return on invested capital (“ROIC”), adjusted ROIC, non-GAAP net income, adjusted free cash flow, and non-GAAP EPS. We believe that these non-GAAP financial measures are useful in evaluating our business and the underlying trends that are affecting our performance. These non-GAAP measures are primary indicators that our management uses internally to conduct and measure its business and evaluate the performance of its consolidated operations, ongoing results, and trends. Our management believes these non-GAAP financial measures are useful as they provide meaningful comparisons to prior periods and an alternate view of the impact of acquired businesses. Information regarding these and other non-GAAP financial measures, including reconciliations to the most directly comparable GAAP financial measures, is provided in our quarterly earnings press releases, which are available on our Investor Relations website at https://ir.ingrammicro.com. See also the Appendix. This presentation contains forward-looking estimates of non-GAAP net income, adjusted ROIC, adjusted EBITDA, adjusted free cash flow, and diluted EPS. We provide these non-GAAP measures to investors on a prospective basis for the same reasons (set forth above) that we provide it to investors on a historical basis. We are unable to provide a reconciliation of our forward-looking estimate GAAP net income to a forward-looking estimate of non-GAAP net income, adjusted ROIC, adjusted EBITDA and adjusted free cash flow because certain information needed to make a reasonable forward-looking estimate of GAAP net income is unreasonably difficult to predict and estimate and is often dependent on future events that may be uncertain or outside of our control, such as unanticipated non-recurring items not reflective of ongoing operations. Nor are we able to provide a reconciliation of our forward-looking estimate of fiscal fourth quarter 2026 GAAP diluted EPS to a forward-looking estimate of fiscal fourth quarter 2026 non-GAAP diluted EPS because certain information needed to make a reasonable forward-looking estimate of GAAP diluted EPS for fiscal fourth quarter 2026 is unreasonably difficult to predict and estimate and is often dependent on future events that may be uncertain or outside of our control, such as unanticipated non-recurring items not reflective of ongoing operations. In addition, we believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on our future financial results. Our forward-looking estimates of both GAAP and non-GAAP measures of our financial performance may differ materially from our actual results and should not be relied upon as statements of fact.
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Q3 2026 financial highlights 3 Key Takeaways: • Exceeded the high end of guidance across all financial metrics; record top-line growth translating into faster profit growth, demonstrating continuing positive operating leverage • Managing working capital effectively through high-growth environment; generated second-best free cash flow ever for a third quarter ─ far better than seasonal norms • Balanced performance across growth, profitability and cash generation, reinforcing the quality of the quarter’s performance (1) Variance is on a USD basis (2) Refer to Appendix for GAAP to Non-GAAP reconciliations Q3 2026 Y/Y Growth (1) Net Sales ($B) $ 15.2 +20.8% Adjusted Income from Operations(2) ($M) $ 322 +24.9% Non-GAAP Diluted EPS(2) ($) $ 0.91 +26.4% Adjusted Free Cash Flow(2) ($M) $ 250 +326.9%
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Adjusted Free Cash Flow +326.9% y/y $15.2B Net Sales +20.8% y/y, above high end of guidance Snapshot – Q3 2026 4.62% Opex % of Net Sales 51bps better y/y $997M Gross Profit +14.6% y/y, above high end of guidance $211M Non-GAAP Net Income +24.8% y/y $0.91 Non-GAAP Diluted EPS +26.4% y/y, above high end of guidance (1) Variance is on a USD basis (2) Refer to Appendix for GAAP to Non-GAAP reconciliations (1) (2) (2) (2) (1) (1) $250M (1) 4 (1)
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Adjusted EBITDA +16.2% y/y $43.7B Net Sales +16.0% y/y Snapshot – Q3 YTD 2026 4.87% Opex % of Net Sales 36bps better y/y $2.9B Gross Profit +13.6% y/y $577M Non-GAAP Net Income +26.8% y/y $2.48 Non-GAAP Diluted EPS +27.8% y/y (1) Variance is on a USD basis (2) Refer to Appendix for GAAP to Non-GAAP reconciliations (1) (2) (2) (2) (1) (1) $1.1B (1) 5 (1)
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Intelligence-Driven Operating ModelStrategy Leverage our global scale, platform capabilities, and operational excellence to drive sustainable growth and deliver long-term shareholder value Leading technology distribution and solutions platform with a diversified portfolio spanning Cloud, Cybersecurity, AI, Data Center, Networking, and other Advanced Solutions Unmatched global reach and channel ecosystem connecting vendors, resellers, and customers across more than 150 countries through deep local market expertise Xvantage platform intelligence and ecosystem insights enable data-driven decision making, agent-assisted execution, streamlined transactions, enhanced customer experiences, and higher-quality growth Highly efficient and scalable operating model supported by automation, shared services, and disciplined cost management initiatives Strong supply chain and logistics network providing speed, reliability, and resilience while adapting to evolving customer and market demands and facilitating expansion of Lifecycle offerings Our Investment Thesis: Scale + Intelligence + Execution = Sustainable Value Creation 6 Long-term financial framework • 4-6% Net Sales Growth CAGR FY26E-FY29E • 5-7% Gross Profit Growth CAGR FY26E-FY29E • 4.4%-4.8% Opex Leverage Annually • 11-13% Non-GAAP Net Income Growth CAGR FY26E-FY29E • ~30%+ Adj. FCF/Adj. EBITDA Ratio Annually • 16-17% Adjusted ROIC 4-Year Average
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. + 39% increase in Xvantage average revenue per customer YoY Platform capabilities at scale 7 (1) Metrics presented herein relate exclusively to Q3 2026 results. (1) ~$1.5B net revenue generated by IDA, ~10% of total net revenue + 33% YoY growth in Email-to-Order, $1.6B revenue processed + 100% increase in total associate and agentic outreaches in North America ~70% self-serve order penetration, up more than 10pts YoY + 40% time spent per visit YoY
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. CUSTOMER AI assistant or agent ChatGPT, Quick, Claude, Gemini, Copilot or the customer’s own agent. Orders are created and reviewed in natural language. INGRAM MICRO MCP server One endpoint on the open MCP. Token-based authentication, no middleware. Xvantage data and intelligence, with its controls and auditability. CALLED DIRECTLY Multiple tools, one endpoint • Product catalog • Quoting • Ordering and order status • Pricing and availability • Invoices and renewals 12 Countries with MCP ordering launched by end of Q3 >3x Increase in active MCP customers, Q3 vs. Q2 3.7x Year-to-date sales rate of active MCP customers vs. customers not integrated Extending Xvantage ordering to Frontier AI assistants through Model Context Protocol (MCP) 8 (1) (1) Model Context Protocol (MCP): An open standard that enables AI applications to securely connect with external data sources, business systems, and tools through a common interface. Enabling AI-powered commerce
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Q3 Net Sales by geography Q3 2026 geographic & business mix performance Inner Circle: Q3 2025 Outer circle: Q3 2026 9 Q3 Net Sales growth by LOB (1) Adv Sol Lifecycle Cloud CES +40.0% +34.7% +31.0% +9.8% Q3 Adjusted Income from Operations by geography (2) Inner Circle: Q3 2025 Outer circle: Q3 2026 (1) Variance is on a USD basis (2) Adjusted Income from Operations percentages exclude stock- and cash-based compensation expense and are calculated as a percentage of total regional Adjusted Income from Operations
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Q3 YTD Net Sales by geography Q3 YTD 2026 geographic & business mix performance 10 Q3 YTD Net Sales growth by LOB (1) Q3 YTD Adjusted Income from Operations by geography (2) Inner Circle: Q3 YTD 2025 Outer circle: Q3 YTD 2026 (1) Variance is on a USD basis (2) Adjusted Income from Operations percentages exclude stock- and cash-based compensation expense and are calculated as a percentage of total regional Adjusted Income from Operations Inner Circle: Q3 YTD 2025 Outer circle: Q3 YTD 2026 Cloud Adv Sol CES Lifecycle +35.9% +27.2% +9.9% +6.4%
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Mix drives profitability: line of business 11 % Net Sales Gross Margin Working Capital Days Labor Mix / Automation Client and Endpoint Solutions ~ 58-62 % Low-to-Mid Single Digits 24 to 28 days Low labor costs / high automation Advanced Solutions ~ 36-40 % Mid Single Digits to Low Double Digits 26 to 32 days Higher technical labor costs with automation augmenting Cloud ~ 1-2 % High Double Digits -5 to +5 days Automation-heavy model Lifecycle ~ 1-2 % Mid Double Digits 10 to 15 Days Service-led, more labor- intensive model AI Infrastructure & GPUs Lower margin with attractive ROIC
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Q3 2026 double-digit growth for all key metrics % Y/Y Change Net Sales ($B) Gross Profit ($M) Adjusted Income from Operations ($M) (2) Non-GAAP Diluted EPS ($) % Y/Y Change (2) 12 12.6 15.2 2025 Q3 2026 Q3 870 997 2025 Q3 2026 Q3 $0.72 $0.91 2025 Q3 2026 Q3 +20.8% +14.6% +24.9% +26.4% % Y/Y Change % Y/Y Change 258 322 2025 Q3 2026 Q3 (1)(1)(1)(1) (1) Variance is on a USD basis (2) Refer to Appendix for GAAP to Non-GAAP reconciliations
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Strong balance sheet $3.1B of available liquidity under committed receivable- backed facilities 2.6x Total debt / Q3 2026 TTM Adjusted EBITDA (0.2x better y/y) 1.9x Net debt / Q3 2026 TTM Adjusted EBITDA (0.3x better y/y) 13
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Utilizing consistent cash generation to strengthen balance sheet, fund growth, and drive shareholder returns Strategic deployment of sustainable cash flow 14 Disciplined working capital investment supporting growth while improving working capital efficiency Working Capital Discipline Enhance Shareholder Value $17M of cash utilized in September for share repurchase with follow-on stock offering; $122M used YTD for share repurchases Return Capital Dividend of $23 million paid to shareholders during Q3 2026; quarterly dividend reflects a 2.3% sequential increase and 10.0% YoY increase, to be paid in Q4 2026 Annual FCF
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Long-term capital allocation priorities Disciplined capital deployment balancing growth, investment, financial strength, and shareholder returns, with return to investment grade (IG) status in medium term BEFORE REACHING IG LEVERAGE TARGET Invest in Core Business Fund organic growth, technology and strategic initiatives with attractive returns Debt Reduction Allocate portion of excess cash flow toward debt repayment and progress toward investment grade leverage Sustainable Dividend Dividend growth and appropriate dividend payout ratio, paired with continued participation in share repurchases through secondary offerings Disciplined Strategic M&A Support growth strategy with disciplined approach to M&A AFTER REACHING IG LEVERAGE TARGET Invest in Core Business Continue focus on funding organic growth, technology and strategic initiatives with attractive returns Maintain IG Leverage Maintain leverage within investment grade target range and preserve financial flexibility Sustainable & Growing Dividend Maintain competitive payout ratio within sustainable dividend growth Strategic Share Repurchases Deploy excess capital toward share repurchases when attractive relative to other capital allocation alternatives Disciplined Strategic M&A Support growth strategy with disciplined approach to M&A 15
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Q4 2026 guidance 16 Key Takeaways: • 17.6%–20.3% sales growth guidance marks the strongest outlook since IPO • High end guide for non-GAAP diluted EPS represents growth of ~20% YoY , reflecting sustained operating leverage and earnings momentum (1) (1) FY26 is a 53-week year, Q4 includes one additional week compared to the prior year. Low High Midpoint Net Sales ($M) $ 17,500 $ 17,900 $ 17,700 YoY Growth % 17.6% 20.3% 19.0% Gross Profit ($M) $ 1,075 $ 1,115 $ 1,095 Non-GAAP Diluted EPS ($) $ 1.05 $ 1.15 $ 1.10 Q4 FY26 Guidance Ranges
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Appendix 17
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. Expanding Xvantage’s patented innovation 18 PREVIOUS PATENTS Vendor Agnostic Data Forms (VAF)1 Dynamic SKU Generation2 Automated CTO & QTO3 Email-to-Order (ETO)4 End-User View (B2B/B2C Mode)5 AI-Powered Alerts & Notifications6 NEW PATENTS Vendor & Customer Agnostic Framework (VCAF)7 A core Xvantage capability that lets vendors, customers and partners connect using their existing systems and data formats, with no custom integrations. It automatically maps and validates those systems, cutting integration complexity, speeding up onboarding and enabling AI- driven automation at scale across the ecosystem. Persona-Based Bundle Recommendations8 Our patented AI engine uses user preferences and real-time ecosystem data to recommend personalized bundles, pricing and insights, then places the order with the vendor and tracks its status, helping partners decide smarter, grow faster and improve customer outcomes. Partner systems VCAF Xvantage User inputs AI picks bundle Ordering & status tracking Two new patents support onboarding and bundle recommendations
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. GAAP to Non-GAAP reconciliations Adjusted Income from Operations 19 ($ in thousands) Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Income from operations $ 293,768 $ 223,513 $ 752,653 $ 567,193 Amortization of intangibles 21,501 19,734 64,844 63,031 Restructuring costs 5,562 3,539 23,312 5,493 Integration and transition costs 1,157 11,078 23,890 52,257 Adjusted income from operations $ 321,988 $ 257,864 $ 864,699 $ 687,974
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. GAAP to Non-GAAP reconciliations Adjusted EBITDA 20 ($ in thousands) Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Net income $ 131,080 $ 99,457 $ 340,816 $ 206,472 Interest income (10,353) (12,910) (35,495) (36,793) Interest expense 79,084 81,720 225,873 229,493 Provision for income taxes 55,913 51,072 144,329 104,345 Depreciation and amortization 50,372 48,032 149,337 146,013 EBITDA $ 306,096 $ 267,371 $ 824,860 $ 649,530 Restructuring costs 5,562 3,539 23,312 5,493 Net foreign currency exchange loss (gain) 14,616 (10,207) 26,030 34,121 Integration, transition and operational improvement costs 26,021 51,458 103,575 168,340 Cash-based compensation expense 1,830 3,925 4,628 13,893 Stock-based compensation expense 9,981 6,018 34,192 15,107 Other 26,006 20,114 60,492 40,474 Adjusted EBITDA $ 390,112 $ 342,218 $ 1,077,089 $ 926,958
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. GAAP to Non-GAAP reconciliations ROIC 21 ($ in thousands) Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Net income $ 131,080 $ 99,457 $ 340,816 $ 206,472 Stockholders' equity 4,373,317 4,102,375 4,373,317 4,102,375 Long-term debt 2,853,351 3,059,612 2,853,351 3,059,612 Short-term debt and current maturities of long-term debt 1,047,204 735,725 1,047,204 735,725 Cash and cash equivalents (1,003,506) (802,630) (1,003,506) (802,630) Invested capital $ 7,270,366 $ 7,095,082 $ 7,270,366 $ 7,095,082 Return on invested capital 7.2 % 5.6 % 6.3 % 3.9 % Period in weeks for non-52 week periods 13 13 39 39 Number of weeks 52 52 52 52
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. ($ in thousands) Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Net income $ 131,080 $ 99,457 $ 340,816 $ 206,472 Pre-tax adjustments: Other (income) expense 106,775 72,984 267,508 256,376 Amortization of intangibles 21,501 19,734 64,844 63,031 Restructuring costs 5,562 3,539 23,312 5,493 Integration and transition costs 1,157 11,078 23,890 52,257 Tax adjustments: Tax impact of pre-tax adjustments (a) (37,588) (27,078) (104,887) (94,139) Other discrete items 126 (932) (1,546) (1,029) Adjusted net income $ 228,613 $ 178,782 $ 613,937 $ 488,461 Stockholders' equity 4,373,317 4,102,375 4,373,317 4,102,375 Long-term debt 2,853,351 3,059,612 2,853,351 3,059,612 Short-term debt and current maturities of long-term debt 1,047,204 735,725 1,047,204 735,725 Cash and cash equivalents (1,003,506) (802,630) (1,003,506) (802,630) Invested capital $ 7,270,366 $ 7,095,082 $ 7,270,366 $ 7,095,082 Number of days 91 91 273 273 Adjusted return on invested capital 12.6 % 10.1 % 11.3 % 9.2 % GAAP to Non-GAAP reconciliations Adjusted ROIC 22 (a) Tax impact of pre-tax adjustments reflects the current and deferred income taxes associated with the above pre-tax adjustments in arriving at adjusted net income.
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. GAAP to Non-GAAP reconciliations Non-GAAP Net Income 23 (a) Tax impact of pre-tax adjustments reflects the current and deferred income taxes associated with the above pre-tax adjustments in arriving at non-GAAP net income ($ in thousands) Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Net income $ 131,080 $ 99,457 $ 340,816 $ 206,472 Pre-tax adjustments: Amortization of intangibles 21,501 19,734 64,844 63,031 Restructuring costs 5,562 3,539 23,312 5,493 Net foreign currency exchange loss (gain) 14,616 (10,207) 26,030 34,121 Integration, transition and operational improvement costs 26,021 51,458 103,575 168,340 Cash-based compensation expense 1,830 3,925 4,628 13,893 Stock-based compensation expense 9,981 6,018 34,192 15,107 Other items 23,682 17,997 52,771 34,540 Tax adjustments: Tax impact of pre-tax adjustments (a) (23,808) (22,240) (71,158) (84,709) Other miscellaneous tax adjustments 126 (932) (1,546) (1,029) Non-GAAP net income $ 210,591 $ 168,749 $ 577,464 $ 455,259
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. GAAP to Non-GAAP reconciliations Adjusted Free Cash Flow 24 ($ in thousands) Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Net income $ 131,080 $ 99,457 $ 340,816 $ 206,472 Depreciation and amortization 50,372 48,032 149,337 146,013 Other non-cash items and changes to non-working capital assets/liabilities 133,049 146,947 (216,152) (79,125) Changes in working capital (63,137) (440,474) (1,533,731) (917,788) Cash provided by (used in) operating activities $ 251,364 $ (146,038) $ (1,259,730) $ (644,428) Capital expenditures (40,207) (28,968) (109,430) (93,929) Proceeds from deferred purchase price of factored receivables 38,352 65,062 128,981 206,507 Adjusted free cash flow $ 249,509 $ (109,944) $ (1,240,179) $ (531,850)
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. GAAP to Non-GAAP reconciliations Basic EPS 25 Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Basic EPS - GAAP $ 0.57 $ 0.42 $ 1.47 $ 0.88 Amortization of intangibles 0.09 0.08 0.28 0.27 Restructuring costs 0.02 0.02 0.10 0.02 Net foreign currency exchange loss (gain) 0.06 (0.04) 0.11 0.15 Integration, transition and operational improvement costs 0.11 0.22 0.45 0.72 Cash-based compensation expense 0.01 0.02 0.02 0.06 Stock-based compensation expense 0.04 0.03 0.15 0.06 Other items 0.11 0.07 0.23 0.15 Tax adjustments: Tax impact of pre-tax adjustments (0.10) (0.10) (0.31) (0.37) Other miscellaneous tax adjustments 0.00 0.00 (0.01) 0.00 Non-GAAP basic EPS $ 0.91 $ 0.72 $ 2.49 $ 1.94
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Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. GAAP to Non-GAAP reconciliations Diluted EPS 26 (a) GAAP and non-GAAP diluted EPS for the Thirteen Weeks Ended September 26, 2026 and September 27, 2025, and the Thirty-Nine Weeks Ended September 26, 2026, and September 27, 2025 includes 733,937, 737,062, 667,819, 314,173, respectively, of outstanding restricted stock units that are dilutive Thirteen Weeks Ended September 26, 2026 Thirteen Weeks Ended September 27, 2025 Thirty-Nine Weeks Ended September 26, 2026 Thirty-Nine Weeks Ended September 27, 2025 Diluted EPS - GAAP (a) $ 0.57 $ 0.42 $ 1.46 $ 0.88 Amortization of intangibles 0.09 0.08 0.28 0.27 Restructuring costs 0.02 0.02 0.10 0.02 Net foreign currency exchange loss (gain) 0.06 (0.04) 0.11 0.15 Integration, transition and operational improvement costs 0.11 0.22 0.44 0.72 Cash-based compensation expense 0.01 0.02 0.02 0.06 Stock-based compensation expense 0.04 0.03 0.15 0.06 Other items 0.11 0.07 0.23 0.15 Tax adjustments: Tax impact of pre-tax adjustments (0.10) (0.10) (0.30) (0.37) Other miscellaneous tax adjustments 0.00 0.00 (0.01) 0.00 Non-GAAP diluted EPS (a) $ 0.91 $ 0.72 $ 2.48 $ 1.94