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v3.25.2

Segment and Geographic Information (Tables) | 6 Months Ended
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Jun. 28, 2025
Segment and Geographic Information |
Schedule of reportable segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended | ​ | Six Months Ended
​ | ​ | June 28, | ​ | June 29, | ​ | June 28, | ​ | June 29,
(thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Sales: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Components: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Americas | ​ | $ | 1,707,522 | ​ | $ | 1,572,840 | ​ | $ | 3,276,092 | ​ | $ | 3,169,532
EMEA | ​ |  | 1,426,944 | ​ |  | 1,439,494 | ​ |  | 2,766,945 | ​ |  | 3,096,001
Asia/Pacific | ​ |  | 2,150,432 | ​ |  | 2,019,697 | ​ |  | 4,019,583 | ​ |  | 3,957,915
Global components | ​ | $ | 5,284,898 | ​ | $ | 5,032,031 | ​ | $ | 10,062,620 | ​ | $ | 10,223,448
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ECS: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Americas | ​ | $ | 1,052,785 | ​ | $ | 964,070 | ​ | $ | 1,962,688 | ​ | $ | 1,871,818
EMEA | ​ |  | 1,242,264 | ​ |  | 896,767 | ​ |  | 2,368,656 | ​ |  | 1,721,862
Global ECS | ​ | $ | 2,295,049 | ​ | $ | 1,860,837 | ​ | $ | 4,331,344 | ​ | $ | 3,593,680
Consolidated | ​ | $ | 7,579,947 | ​ | $ | 6,892,868 | ​ | $ | 14,393,964 | ​ | $ | 13,817,128
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended | ​ | Six Months Ended
​ | ​ | June 28, | ​ | June 29, | ​ | June 28, | ​ | June 29,
(thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Sales: |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
China and Hong Kong | ​ | $ | 1,090,699 | ​ | $ | 1,030,610 | ​ | $ | 2,016,591 | ​ | $ | 1,994,186
Germany | ​ |  | 793,022 | ​ |  | 766,087 | ​ |  | 1,510,354 | ​ |  | 1,634,515
Other | ​ |  | 3,079,871 | ​ |  | 2,725,415 | ​ |  | 5,939,222 | ​ |  | 5,504,852
Total foreign | ​ | $ | 4,963,592 | ​ | $ | 4,522,112 | ​ | $ | 9,466,167 | ​ | $ | 9,133,553
United States | ​ |  | 2,616,355 | ​ |  | 2,370,756 | ​ |  | 4,927,797 | ​ |  | 4,683,575
Total | ​ | $ | 7,579,947 | ​ | $ | 6,892,868 | ​ | $ | 14,393,964 | ​ | $ | 13,817,128
Schedule of results of operations by reportable segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | June 28, 2025
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 5,284,898 | ​ | $ | 2,295,049 | ​ | $ | - | ​ | $ | 7,579,947 | ​
Cost of sales | ​ | ​ | 4,693,444 | ​ | ​ | 2,037,846 | ​ | ​ | - | ​ | ​ | 6,731,290 | ​
Gross profit | ​ | ​ | 591,454 | ​ | ​ | 257,203 | ​ | ​ | - | ​ | ​ | 848,657 | ​
Gross profit margin | ​ | ​ | 11.2 | % | ​ | 11.2 | % | ​ | - | ​ | ​ | 11.2 | %
Operating expenses (a) | ​ | ​ | 404,646 | ​ | ​ | 160,234 | ​ | ​ | 93,191 | ​ | ​ | 658,071 | ​
Operating income (loss) (b) (d) | ​ | $ | 186,808 | ​ | $ | 96,969 | ​ | $ | (93,191) | ​ | $ | 190,586 | ​
Operating income margin | ​ | ​ | 3.5 | % | ​ | 4.2 | % | ​ | - | ​ | ​ | 2.5 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended
​ | ​ | June 29, 2024
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 5,032,031 | ​ | $ | 1,860,837 | ​ | $ | - | ​ | $ | 6,892,868 | ​
Cost of sales | ​ | ​ | 4,407,171 | ​ | ​ | 1,639,253 | ​ | ​ | - | ​ | ​ | 6,046,424 | ​
Gross profit | ​ | ​ | 624,860 | ​ | ​ | 221,584 | ​ | ​ | - | ​ | ​ | 846,444 | ​
Gross profit margin | ​ | ​ | 12.4 | % | ​ | 11.9 | % | ​ | - | ​ | ​ | 12.3 | %
Operating expenses (a) | ​ | ​ | 414,659 | ​ | ​ | 119,003 | ​ | ​ | 100,507 | ​ | ​ | 634,169 | ​
Operating income (loss) (b) (c) (d) | ​ | $ | 210,201 | ​ | $ | 102,581 | ​ | $ | (100,507) | ​ | $ | 212,275 | ​
Operating income margin | ​ | ​ | 4.2 | % | ​ | 5.5 | % | ​ | - | ​ | ​ | 3.1 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended
​ | ​ | June 28, 2025
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 10,062,620 | ​ | $ | 4,331,344 | ​ | $ | - | ​ | $ | 14,393,964 | ​
Cost of sales | ​ | ​ | 8,916,221 | ​ | ​ | 3,855,094 | ​ | ​ | - | ​ | ​ | 12,771,315 | ​
Gross profit | ​ | ​ | 1,146,399 | ​ | ​ | 476,250 | ​ | ​ | - | ​ | ​ | 1,622,649 | ​
Gross profit margin | ​ | ​ | 11.4 | % | ​ | 11.0 | % | ​ | - | ​ | ​ | 11.3 | %
Operating expenses (a) | ​ | ​ | 788,206 | ​ | ​ | 301,967 | ​ | ​ | 183,337 | ​ | ​ | 1,273,510 | ​
Operating income (loss) (b) (d) | ​ | $ | 358,193 | ​ | $ | 174,283 | ​ | $ | (183,337) | ​ | $ | 349,139 | ​
Operating income margin | ​ | ​ | 3.6 | % | ​ | 4.0 | % | ​ | - | ​ | ​ | 2.4 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended
​ | ​ | June 29, 2024
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 10,223,448 | ​ | $ | 3,593,680 | ​ | $ | - | ​ | $ | 13,817,128 | ​
Cost of sales | ​ | ​ | 8,952,874 | ​ | ​ | 3,159,984 | ​ | ​ | - | ​ | ​ | 12,112,858 | ​
Gross profit | ​ | ​ | 1,270,574 | ​ | ​ | 433,696 | ​ | ​ | - | ​ | ​ | 1,704,270 | ​
Gross profit margin | ​ | ​ | 12.4 | % | ​ | 12.1 | % | ​ | - | ​ | ​ | 12.3 | %
Operating expenses (a) | ​ | ​ | 834,811 | ​ | ​ | 259,656 | ​ | ​ | 211,611 | ​ | ​ | 1,306,078 | ​
Operating income (loss) (b) (c) (d) | ​ | $ | 435,763 | ​ | $ | 174,040 | ​ | $ | (211,611) | ​ | $ | 398,192 | ​
Operating income margin | ​ | ​ | 4.3 | % | ​ | 4.8 | % | ​ | - | ​ | ​ | 2.9 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(a) | Segment operating expenses primarily include employee-related expenses, depreciation and amortization, and allowance for credit losses.
(b) | Global components operating income includes recoveries of $2.2 million and $4.6 million in inventory write-downs related to the wind down of a business for the second quarter and first six months of 2025, respectively, and charges of $1.6 million and $12.1 million in inventory write-downs related to the wind down of a business for the second quarter and first six months of 2024, respectively.
(c) | Global ECS operating income includes a $20.0 million benefit related to the reversal of an allowance for credit losses for the second quarter and first six months of 2024.
(d) | Corporate operating loss includes restructuring, integration, and other charges of $21.9 million and $39.2 million for the second quarter and first six months of 2025, respectively, and $40.5 million and $87.4 million for the second quarter and first six months of 2024, respectively. Refer to Note I.
Schedule of reconciliation of assets from segment to consolidated | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 28, | ​ | December 31,
(thousands) |  | 2025 |  | 2024
Total assets: |  | ​ |  |  | ​ |
Global components | ​ | $ | 17,918,136 | ​ | $ | 14,765,931
Global ECS | ​ |  | 5,829,562 | ​ |  | 6,518,723
Corporate | ​ |  | 504,880 | ​ |  | 473,053
Consolidated | ​ | $ | 24,252,578 | ​ | $ | 21,757,707
Schedule of long-lived assets by geographical areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 28, | ​ | December 31,
(thousands) |  | 2025 |  | 2024
Long-lived assets: |  | ​ |  |  | ​ |
France | ​ | $ | 98,176 | ​ | $ | 86,268
Netherlands | ​ | ​ | 83,229 | ​ | ​ | 78,120
Germany | ​ | ​ | 73,892 | ​ | ​ | 61,914
Other | ​ |  | 157,640 | ​ |  | 161,989
Total foreign | ​ | $ | 412,937 | ​ | $ | 388,291
United States | ​ |  | 318,244 | ​ |  | 332,098
Total | ​ | $ | 731,181 | ​ | $ | 720,389
​

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