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v3.25.3

Segment and Geographic Information (Tables) | 9 Months Ended
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Sep. 27, 2025
Segment and Geographic Information |
Schedule of segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended | ​ | Nine Months Ended
​ | ​ | September 27, | ​ | September 28, | ​ | September 27, | ​ | September 28,
(thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Sales: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Components: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Americas | ​ | $ | 1,708,840 | ​ | $ | 1,638,459 | ​ | $ | 4,984,932 | ​ | $ | 4,807,991
EMEA | ​ |  | 1,443,607 | ​ |  | 1,289,786 | ​ |  | 4,210,552 | ​ |  | 4,385,787
Asia/Pacific | ​ |  | 2,403,945 | ​ |  | 2,017,814 | ​ |  | 6,423,528 | ​ |  | 5,975,729
Global components | ​ | $ | 5,556,392 | ​ | $ | 4,946,059 | ​ | $ | 15,619,012 | ​ | $ | 15,169,507
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ECS: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Americas | ​ | $ | 1,021,950 | ​ | $ | 1,033,115 | ​ | $ | 2,984,638 | ​ | $ | 2,904,933
EMEA | ​ |  | 1,134,199 | ​ |  | 844,145 | ​ |  | 3,502,855 | ​ |  | 2,566,007
Global ECS | ​ | $ | 2,156,149 | ​ | $ | 1,877,260 | ​ | $ | 6,487,493 | ​ | $ | 5,470,940
Total | ​ | $ | 7,712,541 | ​ | $ | 6,823,319 | ​ | $ | 22,106,505 | ​ | $ | 20,640,447
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended | ​ | Nine Months Ended
​ | ​ | September 27, | ​ | September 28, | ​ | September 27, | ​ | September 28,
(thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Sales: |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
China and Hong Kong | ​ | $ | 1,210,685 | ​ | $ | 1,039,648 | ​ | $ | 3,227,276 | ​ | $ | 3,033,834
Germany | ​ |  | 821,256 | ​ |  | 672,280 | ​ |  | 2,331,610 | ​ |  | 2,306,795
Other | ​ |  | 3,075,995 | ​ |  | 2,610,859 | ​ |  | 9,015,217 | ​ |  | 8,115,710
Total foreign | ​ | $ | 5,107,936 | ​ | $ | 4,322,787 | ​ | $ | 14,574,103 | ​ | $ | 13,456,339
United States | ​ |  | 2,604,605 | ​ |  | 2,500,532 | ​ |  | 7,532,402 | ​ |  | 7,184,108
Total | ​ | $ | 7,712,541 | ​ | $ | 6,823,319 | ​ | $ | 22,106,505 | ​ | $ | 20,640,447
Schedule of results of operations by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Quarter Ended
​ | September 27, 2025
(thousands) | Global Components | ​ | ​ | Global ECS | ​ | ​ | Corporate | ​ | ​ | Consolidated | ​
Sales | $ | 5,556,392 | ​ | ​ | $ | 2,156,149 | ​ | ​ | $ | - | ​ | ​ | $ | 7,712,541 | ​
Cost of sales | ​ | 4,947,291 | ​ | ​ | ​ | 1,929,936 | ​ | ​ | ​ | - | ​ | ​ | ​ | 6,877,227 | ​
Gross profit | ​ | 609,101 | ​ | ​ | ​ | 226,213 | ​ | ​ | ​ | - | ​ | ​ | ​ | 835,314 | ​
Gross profit margin (a) | ​ | 11.0 | % | ​ | ​ | 10.5 | % | ​ | ​ | - | ​ | ​ | ​ | 10.8 | %
Operating expenses (b) | ​ | 411,746 | ​ | ​ | ​ | 162,469 | ​ | ​ | ​ | 82,092 | ​ | ​ | ​ | 656,307 | ​
Operating income (loss) (c) (e) | $ | 197,355 | ​ | ​ | $ | 63,744 | ​ | ​ | $ | (82,092) | ​ | ​ | $ | 179,007 | ​
Operating income margin | ​ | 3.6 | % | ​ | ​ | 3.0 | % | ​ | ​ | - | ​ | ​ | ​ | 2.3 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Quarter Ended
​ | September 28, 2024
(thousands) | Global Components | ​ | ​ | Global ECS | ​ | ​ | Corporate | ​ | ​ | Consolidated | ​
Sales | $ | 4,946,059 | ​ | ​ | $ | 1,877,260 | ​ | ​ | $ | - | ​ | ​ | $ | 6,823,319 | ​
Cost of sales | ​ | 4,381,599 | ​ | ​ | ​ | 1,656,892 | ​ | ​ | ​ | - | ​ | ​ | ​ | 6,038,491 | ​
Gross profit | ​ | 564,460 | ​ | ​ | ​ | 220,368 | ​ | ​ | ​ | - | ​ | ​ | ​ | 784,828 | ​
Gross profit margin | ​ | 11.4 | % | ​ | ​ | 11.7 | % | ​ | ​ | - | ​ | ​ | ​ | 11.5 | %
Operating expenses (b) | ​ | 375,860 | ​ | ​ | ​ | 144,754 | ​ | ​ | ​ | 88,952 | ​ | ​ | ​ | 609,566 | ​
Operating income (loss) (c) (d) (e) | $ | 188,600 | ​ | ​ | $ | 75,614 | ​ | ​ | $ | (88,952) | ​ | ​ | $ | 175,262 | ​
Operating income margin | ​ | 3.8 | % | ​ | ​ | 4.0 | % | ​ | ​ | - | ​ | ​ | ​ | 2.6 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Nine Months Ended
​ | September 27, 2025
(thousands) | Global Components | ​ | ​ | Global ECS | ​ | ​ | Corporate | ​ | ​ | Consolidated | ​
Sales | $ | 15,619,012 | ​ | ​ | $ | 6,487,493 | ​ | ​ | $ | - | ​ | ​ | $ | 22,106,505 | ​
Cost of sales | ​ | 13,863,512 | ​ | ​ | ​ | 5,785,030 | ​ | ​ | ​ | - | ​ | ​ | ​ | 19,648,542 | ​
Gross profit | ​ | 1,755,500 | ​ | ​ | ​ | 702,463 | ​ | ​ | ​ | - | ​ | ​ | ​ | 2,457,963 | ​
Gross profit margin (a) | ​ | 11.2 | % | ​ | ​ | 10.8 | % | ​ | ​ | - | ​ | ​ | ​ | 11.1 | %
Operating expenses (b) | ​ | 1,199,952 | ​ | ​ | ​ | 464,436 | ​ | ​ | ​ | 265,429 | ​ | ​ | ​ | 1,929,817 | ​
Operating income (loss) (c) (e) | $ | 555,548 | ​ | ​ | $ | 238,027 | ​ | ​ | $ | (265,429) | ​ | ​ | $ | 528,146 | ​
Operating income margin | ​ | 3.6 | % | ​ | ​ | 3.7 | % | ​ | ​ | - | ​ | ​ | ​ | 2.4 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Nine Months Ended
​ | September 28, 2024
(thousands) | Global Components | ​ | ​ | Global ECS | ​ | ​ | Corporate | ​ | ​ | Consolidated | ​
Sales | $ | 15,169,507 | ​ | ​ | $ | 5,470,940 | ​ | ​ | $ | - | ​ | ​ | $ | 20,640,447 | ​
Cost of sales | ​ | 13,334,473 | ​ | ​ | ​ | 4,816,876 | ​ | ​ | ​ | - | ​ | ​ | ​ | 18,151,349 | ​
Gross profit | ​ | 1,835,034 | ​ | ​ | ​ | 654,064 | ​ | ​ | ​ | - | ​ | ​ | ​ | 2,489,098 | ​
Gross profit margin | ​ | 12.1 | % | ​ | ​ | 12.0 | % | ​ | ​ | - | ​ | ​ | ​ | 12.1 | %
Operating expenses (b) | ​ | 1,210,671 | ​ | ​ | ​ | 404,410 | ​ | ​ | ​ | 300,563 | ​ | ​ | ​ | 1,915,644 | ​
Operating income (loss) (c) (d) (e) | $ | 624,363 | ​ | ​ | $ | 249,654 | ​ | ​ | $ | (300,563) | ​ | ​ | $ | 573,454 | ​
Operating income margin | ​ | 4.1 | % | ​ | ​ | 4.6 | % | ​ | ​ | - | ​ | ​ | ​ | 2.8 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(a) | Global ECS gross profit margin decreased during the third quarter and first nine months of 2025 compared with the year-earlier periods primarily due to $21.4 million and $25.2 million, respectively, in losses related to underperformance of certain non-cancellable multi-year purchase obligations.
(b) | Segment operating expenses primarily include employee-related expenses, depreciation and amortization, and allowance for credit losses.
(c) | Global components operating income includes recoveries of $2.0 million and $6.6 million in inventory write-downs related to the wind down of a business for the third quarter and first nine months of 2025, respectively, and a reversal of $1.9 million and charges of $10.2 million in inventory write-downs related to the wind down of a business for the third quarter and first nine months of 2024, respectively.
(d) | For the first nine months of 2024, global ECS operating income includes a reversal of $20.0 million for aged receivables that were collected, related to the same customer, which was taken during the second quarter of 2024.
(e) | Corporate operating loss includes restructuring, integration, and other charges of $35.6 million and $74.9 million for the third quarter and first nine months of 2025, respectively, and $34.5 million and $121.9 million for the third quarter and first nine months of 2024, respectively. Refer to Note I.
Schedule of reconciliation of assets from segment to consolidated | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 27, | ​ | December 31,
(thousands) |  | 2025 |  | 2024
Total assets: |  | ​ |  |  | ​ |
Global components | ​ | $ | 18,378,473 | ​ | $ | 14,765,931
Global ECS | ​ |  | 5,584,723 | ​ |  | 6,518,723
Corporate | ​ |  | 563,292 | ​ |  | 473,053
Total | ​ | $ | 24,526,488 | ​ | $ | 21,757,707
Schedule of long-lived assets by geographical areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 27, | ​ | December 31,
(thousands) |  | 2025 |  | 2024
Long-lived assets: |  | ​ |  |  | ​ |
France | ​ | $ | 101,055 | ​ | $ | 86,268
Netherlands | ​ | ​ | 81,245 | ​ | ​ | 78,120
Other | ​ |  | 228,704 | ​ |  | 223,903
Total foreign | ​ | $ | 411,004 | ​ | $ | 388,291
United States | ​ |  | 315,769 | ​ |  | 332,098
Total | ​ | $ | 726,773 | ​ | $ | 720,389
​

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