Ingram Micro (NYSE: IM) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q2), Ingram Micro met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased.

Gross margins increased, operating margins dropped, net margins were steady.

Revenue details
Ingram Micro logged revenue of $10.31 billion. The eight analysts polled by S&P Capital IQ predicted revenue of $10.45 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $8.78 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $0.55. The nine earnings estimates compiled by S&P Capital IQ predicted $0.46 per share. Non-GAAP EPS of $0.55 for Q2 were 41% higher than the prior-year quarter's $0.39 per share. GAAP EPS of $0.45 for Q2 were 13% higher than the prior-year quarter's $0.40 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 5.8%, 60 basis points better than the prior-year quarter. Operating margin was 1.1%, 10 basis points worse than the prior-year quarter. Net margin was 0.7%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $10.52 billion. On the bottom line, the average EPS estimate is $0.53.

Next year's average estimate for revenue is $42.97 billion. The average EPS estimate is $2.27.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 178 members out of 193 rating the stock outperform, and 15 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give Ingram Micro a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ingram Micro is hold, with an average price target of $19.64.

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