Ingram Micro Likely to Post Q1 Beat on PC Strength, Xvantage Tailwinds, RBC Says

-- Ingram Micro (INGM) is likely to post a fiscal Q1 beat due to PC strength from pull-forward demand, with longer-term margin expansion expected from its Xvantage platform and AI-related opportunities, RBC Capital Markets said.

The brokerage said in a Monday research report that it estimates fiscal Q1 revenue growth of 4.6% to $12.84 billion, gross profit of $873 million and adjusted EPS of $0.76, above the consensus of $0.72.

It sees demand supported by large enterprise clients and outsized growth in the Asia-Pacific region and highlights long-term opportunity in GPU and AI infrastructure deals.

The company is positioned to drive margin expansion driven by Xvantage Phase 3, which utilizes data to drive organic growth without incremental operating expenditures, expected to improve revenue quality.

RBC models fiscal 2026 revenue of $54.04 billion and adjusted EPS of $3.32, compared with consensus of $53.71 billion and $3.24, respectively.

The firm reiterated its outperform rating on the stock and raised its price target to $33 per share from $24.

Shares of Ingram were up more than 3% in Tuesday trading.

Price: $31.27, Change: $+0.96, Percent Change: +3.17%

Feds Approve Enbridge's British Columbia Natural Gas Pipeline Expansion

The Federal government has approved Enbridge's (ENB.TO) $4 billion natural gas expansion of its Westcoast pipeline system in British Columbia, the company said on Friday.The Sunrise expansion program will add 300 million cubic feet per day of natural gas transportation capacity to the southern portion of the Westcoast pipeline system. Natural gas transported on the Westcoast system is used to heat homes, hospitals, businesses, and schools, and also supports electric power generation, industrial activity across B.C. and global LNG exports.The project will contribute more than $3 billion to Canada's economy, and will see 2,500 workers being hired during construction. More than $52 million has been spent on the hiring and procuring of services from Indigenous businesses, a statement added.Construction is scheduled to begin in July, with a targeted in-service date in late 2028."Leading up to and throughout construction, Enbridge will continue to work with Indigenous groups, local communities, contractors and other stakeholders. As part of our commitment to supporting local businesses, Enbridge is procuring pipe for the Sunrise Expansion Program from InterPro Pipe + Steel, a Canadian steel mill and pipe provider, who will use Canadian workers and expertise to produce the pipe." said Matthew Akman, Enbridge's executive vice president and president, gas transmission.Enbridge shares were last seen up US$0.09, to US$52.60, in New York trading.

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Ingram Micro Likely to Post Q1 Beat on PC Strength, Xvantage Tailwinds, RBC Says

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