Ingram Micro Holding CorpINGM
Ingram Micro Holding Corp Segments Disclosure
Segment Information
ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. Our CODM is our Chief Executive Officer. Our reportable segments coincide with the geographic operating segments which include North America, EMEA, Asia-Pacific, and Latin America. The measure of segment profit is income from operations. Our CODM utilizes income from operations to analyze and compare year-over-year and budget-to-actual segment-level operational performance and profitability before non-operational items, ensure optimal alignment with our strategic priorities and make strategic decisions concerning resource allocation across our operating segments.
Geographic areas in which we operated our reportable segments during the periods presented include North America (the United States and Canada), EMEA (Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, Ireland, Israel, Italy, Kosovo, Lebanon, Luxembourg, Macedonia, Morocco, Netherlands, Norway, Oman, Pakistan, Poland, Portugal, Qatar, Romania, Saudi Arabia, Serbia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Arab Emirates and the United Kingdom), Asia-Pacific (Australia, Bangladesh, the People’s Republic of China including Hong Kong and Taiwan, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Sri Lanka, and Thailand) and Latin America (Brazil, Chile, Colombia, Costa Rica, Mexico, Peru, Uruguay and our Latin American export operations in Miami).
We do not allocate stock-based compensation expense or time-vested and performance-vested cash-based compensation recognized to our reportable segments (see Note 10, “Employee Awards”) and certain Corporate costs; therefore, we are reporting these amounts separately. Assets by reportable segment are not presented below as our CODM does not review assets by reportable segment.
Financial information by reportable segment is as follows:
| Fiscal Year | Fiscal Year | Fiscal Year | |||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Net sales | |||||||||||||||||
| North America | $ | 18,947,951 | $ | 17,373,047 | $ | 18,195,652 | |||||||||||
| EMEA | 15,197,089 | 14,260,257 | 14,481,069 | ||||||||||||||
| Asia-Pacific | 14,706,981 | 12,756,802 | 11,573,489 | ||||||||||||||
| Latin America | 3,704,242 | 3,593,565 | 3,790,154 | ||||||||||||||
| Total | $ | 52,556,263 | $ | 47,983,671 | $ | 48,040,364 | |||||||||||
| Significant segment expenses | |||||||||||||||||
| Cost of sales | |||||||||||||||||
| North America | $ | 17,542,063 | $ | 15,973,155 | $ | 16,712,010 | |||||||||||
| EMEA | 14,064,450 | 13,183,955 | 13,367,664 | ||||||||||||||
| Asia-Pacific | 14,103,471 | 12,132,315 | 10,950,647 | ||||||||||||||
| Latin America | 3,342,308 | 3,249,301 | 3,462,906 | ||||||||||||||
| Total | $ | 49,052,292 | $ | 44,538,726 | $ | 44,493,227 | |||||||||||
| Compensation | |||||||||||||||||
| North America | $ | 836,092 | $ | 840,696 | $ | 865,403 | |||||||||||
| EMEA | 540,980 | 504,847 | 503,676 | ||||||||||||||
| Asia-Pacific | 213,792 | 204,894 | 209,448 | ||||||||||||||
| Latin America | 135,109 | 129,799 | 121,672 | ||||||||||||||
| Total | $ | 1,725,973 | $ | 1,680,236 | $ | 1,700,199 | |||||||||||
| Depreciation costs | |||||||||||||||||
| North America | $ | 86,599 | $ | 74,939 | $ | 66,153 | |||||||||||
| EMEA | 14,554 | 15,249 | 17,056 | ||||||||||||||
| Asia-Pacific | 5,696 | 6,648 | 7,834 | ||||||||||||||
| Latin America | 5,745 | 5,617 | 6,102 | ||||||||||||||
| Total | $ | 112,594 | $ | 102,453 | $ | 97,145 | |||||||||||
| Intangible asset amortization | |||||||||||||||||
| North America | $ | 39,301 | $ | 42,148 | $ | 42,175 | |||||||||||
| EMEA | 24,891 | 23,958 | 23,782 | ||||||||||||||
| Asia-Pacific | 17,177 | 17,441 | 17,594 | ||||||||||||||
| Latin America | 3,223 | 3,331 | 3,452 | ||||||||||||||
| Total | $ | 84,592 | $ | 86,878 | $ | 87,003 | |||||||||||
| Other departmental operating expenses (a) | |||||||||||||||||
| North America | $ | 221,646 | $ | 193,057 | $ | 223,792 | |||||||||||
| EMEA | 175,123 | 170,552 | 158,026 | ||||||||||||||
| Asia-Pacific | 19,858 | 91,503 | 73,192 | ||||||||||||||
| Latin America | 55,847 | 55,044 | 51,320 | ||||||||||||||
| Total | $ | 472,474 | $ | 510,156 | $ | 506,330 | |||||||||||
| Integration and transition costs (b) | |||||||||||||||||
| North America | $ | 41,780 | $ | 5,659 | $ | 15,745 | |||||||||||
| EMEA | 4,041 | 2,839 | (31) | ||||||||||||||
| Asia-Pacific | 353 | 1,656 | (8) | ||||||||||||||
| Latin America | (1,876) | (1,644) | 4,388 | ||||||||||||||
| Total | $ | 44,298 | $ | 8,510 | $ | 20,094 | |||||||||||
| Fiscal Year | Fiscal Year | Fiscal Year | |||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Other segment items (c) | |||||||||||||||||
| North America | $ | (66,492) | $ | (78,766) | $ | (80,476) | |||||||||||
| EMEA | 82,707 | 99,437 | 93,697 | ||||||||||||||
| Asia-Pacific | 74,481 | 78,896 | 67,639 | ||||||||||||||
| Latin America | 40,731 | 32,533 | 46,799 | ||||||||||||||
| Total | $ | 131,427 | $ | 132,100 | $ | 127,659 | |||||||||||
| Total segment expenses | $ | 51,623,650 | $ | 47,059,059 | $ | 47,031,657 | |||||||||||
| Income from operations | |||||||||||||||||
| North America | $ | 246,962 | $ | 322,159 | $ | 350,850 | |||||||||||
| EMEA | 290,343 | 259,420 | 317,199 | ||||||||||||||
| Asia-Pacific | 272,153 | 223,449 | 247,143 | ||||||||||||||
| Latin America | 123,155 | 119,584 | 93,515 | ||||||||||||||
| Segment profit | $ | 932,613 | $ | 924,612 | $ | 1,008,707 | |||||||||||
| Reconciliation of segment profit to income before income taxes | |||||||||||||||||
| Corporate | $ | (16,736) | $ | (47,996) | $ | (33,320) | |||||||||||
| Cash-based compensation | (17,832) | (24,626) | (31,040) | ||||||||||||||
| Stock-based compensation | (21,117) | (34,067) | — | ||||||||||||||
| Other (income) expense | |||||||||||||||||
| Interest income | $ | (45,731) | $ | (45,335) | $ | (34,977) | |||||||||||
| Interest expense | 302,570 | 338,358 | 380,191 | ||||||||||||||
| Net foreign currency exchange loss | 42,342 | 22,901 | 42,070 | ||||||||||||||
| Other expense | 46,993 | 56,133 | 34,562 | ||||||||||||||
| Income before income taxes | $ | 530,754 | $ | 445,866 | $ | 522,501 | |||||||||||
(a) Other Departmental Operating Expenses consist primarily of professional and outside service costs, lease rental and occupancy costs, repair and maintenance costs as well as other miscellaneous operating expenses.
(b) Costs are primarily related to (i) the loss on sale of CloudBlue and another non-strategic business in our North American region during the Fiscal Year 2025, (ii) professional, consulting and integration costs associated with our acquisitions, and (iii) consulting, retention and transition costs associated with our restructuring programs charged to selling, general and administrative, or SG&A, expenses.
(c) Other segment items consist primarily of management fees and direct management costs which represent costs that are incurred by the North American segment and allocated to the other segments, as well as bad debt/credit/flooring costs, credit card fees and restructuring costs.
Net sales are attributed to countries based on the location of the originating entity’s registered domicile. Except for the United States, which is our country of domicile, China, and India, no other country accounted for 10% or more of net sales for the periods presented.
| Fiscal Year | Fiscal Year | Fiscal Year | |||||||||||||||||||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||||||||||||||||||||
| Net sales: | |||||||||||||||||||||||||||||||||||
| United States | $ | 18,026,433 | 34 | % | $ | 16,369,823 | 34 | % | $ | 17,300,808 | 36 | % | |||||||||||||||||||||||
China | 5,908,770 | 11 | 4,297,138 | 9 | 3,521,373 | 7 | |||||||||||||||||||||||||||||
| India | 5,047,641 | 10 | 4,903,734 | 10 | 4,571,294 | 10 | |||||||||||||||||||||||||||||
| Outside of the United States, China, and India | 23,573,419 | 45 | 22,412,976 | 47 | 22,646,889 | 47 | |||||||||||||||||||||||||||||
| Total | $ | 52,556,263 | 100 | % | $ | 47,983,671 | 100 | % | $ | 48,040,364 | 100 | % | |||||||||||||||||||||||
Except for the United States, no other country accounted for 10% or more of long-lived assets for the periods presented.
| December 27, 2025 | December 28, 2024 | December 27, 2025 | December 28, 2024 | ||||||||||||||||||||
| Long-lived assets: | |||||||||||||||||||||||
| United States | $ | 847,800 | $ | 869,921 | 51 | % | 52 | % | |||||||||||||||
| Outside of the United States | 799,129 | 797,815 | 49 | 48 | |||||||||||||||||||
Total (1) | $ | 1,646,929 | $ | 1,667,736 | 100 | % | 100 | % | |||||||||||||||
(1) Includes $711,809 and $772,571 of intangible assets, net of which $284,476 and $325,444 are located within the United States as of December 27, 2025 and December 28, 2024, respectively.
The following table summarizes additional entity-wide disclosure of net sales by product category for the following periods:
| Fiscal Year | Fiscal Year | Fiscal Year | |||||||||||||||||||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||||||||||||||||||||
| Net sales: | |||||||||||||||||||||||||||||||||||
| Client and Endpoint Solutions | $ | 33,838,940 | 64 | % | $ | 29,974,140 | 63 | % | $ | 29,149,776 | 61 | % | |||||||||||||||||||||||
| Advanced Solutions | 17,597,016 | 34 | 16,859,551 | 35 | 17,883,252 | 37 | |||||||||||||||||||||||||||||
| Cloud-based Solutions | 477,589 | 1 | 462,127 | 1 | 383,329 | 1 | |||||||||||||||||||||||||||||
| Other | 642,718 | 1 | 687,853 | 1 | 624,007 | 1 | |||||||||||||||||||||||||||||
| Total | $ | 52,556,263 | 100 | % | $ | 47,983,671 | 100 | % | $ | 48,040,364 | 100 | % | |||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 3, 2026 | Showing above |
| 2024 | Mar 5, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.