Ingram Micro's (INGM) Q2 results are expected to come in at the upper end of its guidance, RBC Capital Markets analysts said in a Thursday note to clients.

The company is scheduled to report its Q2 financial results on July 30.

RBC analysts expect the company to report Q2 adjusted earnings of $0.75 a share, compared with a FactSet consensus estimate of $0.74. The company had guided $0.68 to $0.78.

RBC said that for H2, it is cautiously optimistic about "robust" demand for Ingram from large enterprise customers, despite increased component prices and supply constraints.

Analysts said that the company's scale and size, along with its relationships with vendors, provide it with structural advantages when faced with component constraints by enabling early allocation priority, opportunistic inventory leverage, and automated bundling strategies.

RBC has an outperform rating on the stock and a $33 price target.

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