Segment and Geographic Information (Tables)
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6 Months Ended |
Jul. 04, 2026 |
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| Segment and Geographic Information |
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| Schedule of segment |
| | | | | | | | | | | | | | | Quarter Ended | | Six Months Ended | | | July 4, | | June 28, | | July 4, | | June 28, | (thousands) | | 2026 | | 2025 | | 2026 | | 2025 | Sales: | | | | | | | | | | | | | Components: | | | | | | | | | | | | | Americas | | $ | 2,454,521 | | $ | 1,707,522 | | $ | 4,766,668 | | $ | 3,276,092 | EMEA | | | 1,938,784 | | | 1,426,944 | | | 3,703,963 | | | 2,766,945 | Asia/Pacific | | | 2,972,320 | | | 2,150,432 | | | 5,535,329 | | | 4,019,583 | Global Components | | $ | 7,365,625 | | $ | 5,284,898 | | $ | 14,005,960 | | $ | 10,062,620 | | | | | | | | | | | | | | ECS: | | | | | | | | | | | | | Americas | | $ | 1,135,513 | | $ | 1,052,785 | | $ | 2,320,563 | | $ | 1,962,688 | EMEA | | | 1,491,099 | | | 1,242,264 | | | 3,139,262 | | | 2,368,656 | Global ECS | | $ | 2,626,612 | | $ | 2,295,049 | | $ | 5,459,825 | | $ | 4,331,344 | Total | | $ | 9,992,237 | | $ | 7,579,947 | | $ | 19,465,785 | | $ | 14,393,964 |
| | | | | | | | | | | | | | | Quarter Ended | | Six Months Ended | | | July 4, | | June 28, | | July 4, | | June 28, | (thousands) | | 2026 | | 2025 | | 2026 | | 2025 | Sales: | | | | | | | | | | | | | China and Hong Kong | | $ | 1,353,662 | | $ | 1,090,699 | | $ | 2,525,448 | | $ | 2,016,591 | Germany | | | 1,009,491 | | | 793,022 | | | 2,029,453 | | | 1,510,354 | Other | | | 4,175,489 | | | 3,079,871 | | | 8,157,993 | | | 5,939,222 | Total foreign | | $ | 6,538,642 | | $ | 4,963,592 | | $ | 12,712,894 | | $ | 9,466,167 | United States | | | 3,453,595 | | | 2,616,355 | | | 6,752,891 | | | 4,927,797 | Total | | $ | 9,992,237 | | $ | 7,579,947 | | $ | 19,465,785 | | $ | 14,393,964 |
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| Schedule of results of operations by segment |
| | | | | | | | | | | | | | | Quarter Ended | | | July 4, 2026 | (thousands) | | | Global Components | | | Global ECS | | | Total | Sales | | $ | 7,365,625 | | | $ | 2,626,612 | | | $ | 9,992,237 | | Cost of sales | | | 6,509,122 | | | | 2,357,906 | | | | 8,867,028 | | Gross profit (a) | | | 856,503 | | | | 268,706 | | | | 1,125,209 | | Gross profit margin | | | 11.6 | % | | | 10.2 | % | | | 11.3 | % | Segment operating expenses (b) | | | 460,228 | | | | 183,331 | | | | 643,559 | | Segment operating income (a) (c) | | $ | 396,275 | | | $ | 85,375 | | | $ | 481,650 | | Segment operating income margin | | | 5.4 | % | | | 3.3 | % | | | 4.8 | % | Reconciliation of segment operating income | | | | | | | | | | | | | Corporate operating expenses (d) | | | | | | | | | | | (104,317) | | Consolidated operating income | | | | | | | | | | $ | 377,333 | | Equity in earnings of affiliated companies | | | | | | | | | | | 2,065 | | Gain on investments, net | | | | | | | | | | | 12,044 | | Post-retirement expense | | | | | | | | | | | (999) | | Interest and other financing expense, net | | | | | | | | | | | (37,297) | | Consolidated income before taxes | | | | | | | | | | $ | 353,146 | | | | | | | | | | | | | | | | | Quarter Ended | | | June 28, 2025 | (thousands) | | Global Components | | | Global ECS | | | Total | | 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 | % | Segment operating expenses (b) | | | 404,646 | | | | 160,234 | | | | 564,880 | | Segment operating income (c) | | $ | 186,808 | | | $ | 96,969 | | | $ | 283,777 | | Segment operating income margin | | | 3.5 | % | | | 4.2 | % | | | 3.7 | % | Reconciliation of segment operating income | | | | | | | | | | | | | Corporate operating expenses (d) | | | | | | | | | | | (93,191) | | Consolidated operating income | | | | | | | | | | $ | 190,586 | | Equity in losses of affiliated companies | | | | | | | | | | | (659) | | Gain on investments, net | | | | | | | | | | | 103,976 | | Post-retirement expense | | | | | | | | | | | (664) | | Interest and other financing expense, net | | | | | | | | | | | (60,283) | | Consolidated income before taxes | | | | | | | | | | $ | 232,956 | | | | | | | | | | | | | | |
| | Six Months Ended | | | July 4, 2026 | (thousands) | | Global Components | | | Global ECS | | | Total | | Sales | | $ | 14,005,960 | | | $ | 5,459,825 | | | $ | 19,465,785 | | Cost of sales | | | 12,342,709 | | | | 4,907,407 | | | | 17,250,116 | | Gross profit (a) | | | 1,663,251 | | | | 552,418 | | | | 2,215,669 | | Gross profit margin | | | 11.9 | % | | | 10.1 | % | | | 11.4 | % | Segment operating expenses (b) | | | 903,457 | | | | 363,305 | | | | 1,266,762 | | Segment operating income (a) (c) | | $ | 759,794 | | | $ | 189,113 | | | $ | 948,907 | | Segment operating income margin | | | 5.4 | % | | | 3.5 | % | | | 4.9 | % | Reconciliation of segment operating income | | | | | | | | | | | | | Corporate operating expenses (d) | | | | | | | | | | | (209,972) | | Consolidated operating income | | | | | | | | | | $ | 738,935 | | Equity in earnings of affiliated companies | | | | | | | | | | | 2,961 | | Gain on investments, net | | | | | | | | | | | 6,252 | | Post-retirement expense | | | | | | | | | | | (1,961) | | Interest and other financing expense, net | | | | | | | | | | | (85,781) | | Consolidated income before taxes | | | | | | | | | | $ | 660,406 | | | | | | | | | | | | | | | | | Six Months Ended | | | June 28, 2025 | (thousands) | | Global Components | | | Global ECS | | | Total | | 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 | % | Segment operating expenses (b) | | | 788,206 | | | | 301,967 | | | | 1,090,173 | | Segment operating income (c) | | $ | 358,193 | | | $ | 174,283 | | | $ | 532,476 | | Segment operating income margin | | | 3.6 | % | | | 4.0 | % | | | 3.7 | % | Reconciliation of segment operating income | | | | | | | | | | | | | Corporate operating expenses (d) | | | | | | | | | | | (183,337) | | Consolidated operating income | | | | | | | | | | $ | 349,139 | | Equity in earnings of affiliated companies | | | | | | | | | | | 661 | | Gain on investments, net | | | | | | | | | | | 104,116 | | Post-retirement expense | | | | | | | | | | | (1,286) | | Interest and other financing expense, net | | | | | | | | | | | (116,465) | | Consolidated income before taxes | | | | | | | | | | $ | 336,165 | | | | | | | | | | | | | | |
| (a) | Global ECS gross profit includes $26.6 million and $48.3 million in losses related to the underperformance of certain non-cancellable multi-year purchase obligations during the second quarter and first six months of 2026, respectively. |
| (b) | Segment operating expenses primarily include employee-related expenses and depreciation and amortization. |
| (c) | Global Components operating income includes $3.0 million and $5.2 million in inventory recoveries related to the wind down of a business for the second quarter and first six months of 2026, respectively, and $2.2 million and $4.6 million in inventory recoveries related to the wind down of a business for the second quarter and first six months of 2025, respectively. |
| (d) | Corporate unallocated operating expenses includes restructuring, integration, and other charges of $24.1 million and $60.8 million for the second quarter and first six months of 2026, respectively, and $21.9 million and $39.2 million for the second quarter and first six months of 2025, respectively. Refer to Note I – “Restructuring, Integration, and Other”. |
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| Schedule of reconciliation of assets from segment to consolidated |
| | | | | | | | | July 4, | | December 31, | (thousands) | | 2026 | | 2025 | Total assets: | | | | | | | Global Components | | $ | 31,725,350 | | $ | 21,222,941 | Global ECS | | | 6,173,437 | | | 7,355,089 | Total segment assets | | $ | 37,898,787 | | $ | 28,578,030 | Other assets (a) | | | 477,894 | | | 500,108 | Consolidated assets | | $ | 38,376,681 | | $ | 29,078,138 |
| (a) | Other assets include Corporate unallocated assets. |
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| Schedule of long-lived assets by geographical areas |
| | | | | | | | | July 4, | | December 31, | (thousands) | | 2026 | | 2025 | Long-lived assets: | | | | | | | France | | $ | 102,421 | | $ | 100,493 | Netherlands | | | 72,398 | | | 79,339 | Other | | | 222,017 | | | 233,740 | Total foreign | | $ | 396,836 | | $ | 413,572 | United States | | | 296,270 | | | 309,901 | Total | | $ | 693,106 | | $ | 723,473 |
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