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Segment and Geographic Information (Tables)
6 Months Ended
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