Financial Data and Key Metrics Changes - In Q2, net sales grew 3% year-over-year in both segments, while gross profits increased by 1% year-over-year [7] - Profitability was negatively impacted by unexpected expenses, leading to declines in both gross profit and EBITDA margins compared to Q1 [4] - The company ended Q2 with approximately $83 million in cash and a net debt leverage ratio of approximately 0 on a trailing 12-month Adjusted EBITDA basis [8] - Adjusted ROIC was 11.9% for the quarter and 13.3% for the first half of FY 2026 [9] Business Line Data and Key Metrics Changes - Specialty Technology Solutions segment saw net sales increase by 3% year-over-year and 4% quarter-over-quarter, with gross profits also increasing by 1% year-over-year [7] - The Intelisys and Advisory segment reported a 3% year-over-year increase in net sales, with annual net billings rising to approximately $2.85 billion [8] Market Data and Key Metrics Changes - The percentage of gross profits from recurring revenues in the Specialty Technology Solutions segment grew to approximately 18%, aided by acquisitions [8] - Brazil's organic sales were down 9% year-over-year, attributed to challenging market conditions [28][30] Company Strategy and Development Direction - The company is launching a new converged communication sales team to unify communications products and services, aiming to capitalize on the convergence of hardware, cloud, and customer experience technologies [4][5] - The strategy focuses on helping channel partners deliver innovative, converged solutions, driving organic net sales and free cash flow [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for growth in the second half of the fiscal year, despite a reduction in guidance due to slower-than-expected large deal closures [10][51] - The company is confident in its business model and expects to maintain at least $80 million in free cash flow for the year [11][58] Other Important Information - The company is exploring acquisition opportunities to expand its technology stack and capabilities [9] - Share repurchases for the quarter totaled $18 million, with $179 million remaining under the share repurchase authorization [9] Q&A Session Summary Question: Could you provide more details on the period costs mentioned? - Management indicated that higher costs were related to mix and freight expenses, which are expected to be more period-related [14] Question: What caused the slower growth in the technology segment? - Management noted that large deals were being broken into smaller pieces, affecting invoicing and revenue recognition [15] Question: Are there concerns about pricing increases due to supply shortages? - Management acknowledged potential challenges from memory supply issues but indicated that current guidance does not reflect significant impacts from shortages [24] Question: What is the outlook for Intelisys sales in the second half of 2026? - Management believes that new order growth will accelerate, driven by additional sales capabilities and a focus on acquiring new customers [25][26] Question: How does the company view the competitive environment in the TSD market? - Management noted that the TSD space remains competitive, with a shift towards organic growth among competitors [44][45] Question: What are the priorities around capital allocation following the guidance reduction? - Management emphasized maintaining focus on three-year strategic goals, including share repurchases and growth in gross profit contributions [60][62]

Financial Data and Key Metrics Changes - In Q2, net sales grew 3% year-over-year in both segments, while gross profits increased by 1% year-over-year [7] - Profitability was negatively impacted by unexpected expenses, leading to declines in both gross profit and EBITDA margins compared to Q1 [4] - Adjusted ROIC was 11.9% for the quarter and 13.3% for the first half of FY 2026 [9] - Full year revenue is now projected to be in the range of $3 billion to $3.1 billion, with Adjusted EBITDA expected between $140 million and $150 million [10] Business Line Data and Key Metrics Changes - Specialty Technology Solutions segment saw net sales increase by 3% year-over-year and 4% quarter-over-quarter, with gross profits up by 1% year-over-year [7] - The Intelisys and Advisory segment also reported a 3% year-over-year increase in net sales, with annual net billings reaching approximately $2.85 billion [8] Market Data and Key Metrics Changes - The percentage of gross profits from recurring revenues in the Specialty Technology Solutions segment grew to approximately 18% [8] - Brazil's market experienced a 9% organic decline this quarter, attributed to challenging market conditions [28][30] Company Strategy and Development Direction - The company is launching a new converged communication sales team to unify communications products and services, aiming to capitalize on the convergence of hardware, cloud, and customer experience technologies [4][5] - The strategy focuses on helping channel partners deliver innovative, converged solutions, driving organic net sales and free cash flow [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for growth in the second half of the fiscal year, despite the challenges faced in the first half [10] - The company is confident in its business model and expects large deals to resume, which is crucial for future revenue growth [15][16] Other Important Information - The company closed on a new 5-year credit facility to support strategic objectives and capital priorities [7] - Share repurchases for the quarter totaled $18 million, with $179 million remaining under the share repurchase authorization [9] Q&A Session Summary Question: Clarification on period costs and their impact on future quarters - Management indicated that higher period expenses were primarily related to mix and freight costs, and they expect these to be localized to the current quarter [14] Question: Slower growth in the technology segment - Management noted that large deals have been broken into smaller pieces, affecting invoicing and revenue recognition [15] Question: Impact of memory supply issues on pricing - Management acknowledged potential challenges due to memory supply issues but stated that current guidance does not reflect significant impacts from shortages [24] Question: Future sales acceleration in Intelisys - Management believes that new order growth will accelerate, driven by additional sales capabilities and a focus on acquiring new customers [25][26] Question: Competitive environment in the TSD market - Management noted that the TSD space remains competitive, with a shift towards organic growth among competitors [44][45] Question: Magnitude of guidance reduction - Management clarified that the guidance reduction is primarily due to the absence of large deals rather than product shortages [43] Question: Dynamics of new orders lagging behind billings - Management explained that new orders are expected to convert into billings over time, indicating a positive future revenue outlook [66]

Financial Data and Key Metrics Changes - In Q2, net sales grew 3% year-over-year in both segments, while gross profits increased by 1% year-over-year [7] - Profitability was negatively impacted by unexpected expenses, leading to declines in gross profit and EBITDA margins compared to Q1 [4] - Adjusted ROIC was 11.9% for the quarter and 13.3% for the first half of FY 2026 [10] - Full year revenue is now projected to be in the range of $3 billion to $3.1 billion, with Adjusted EBITDA expected between $140 million and $150 million [11] Business Line Data and Key Metrics Changes - Specialty Technology Solutions segment saw net sales increase by 3% year-over-year and 4% quarter-over-quarter, with gross profits also up by 1% year-over-year [8] - The Intelisys and Advisory segment reported a 3% year-over-year increase in net sales, with annual net billings rising to approximately $2.85 billion [9] Market Data and Key Metrics Changes - The percentage of gross profits from recurring revenues in the Specialty Technology Solutions segment grew to approximately 18% [9] - Brazil's organic sales were down 9% year-over-year, attributed to challenging market conditions [28] Company Strategy and Development Direction - The company is launching a new converged communication sales team to unify communications products and services, aiming to capitalize on the convergence of hardware, cloud, and customer experience technologies [4][5] - The strategy focuses on helping channel partners deliver innovative solutions, driving organic net sales and free cash flow [6] - The company continues to explore acquisition opportunities to expand its technology stack and capabilities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for growth in the second half of the fiscal year, despite the challenges faced in the first half [11] - The company believes that large deals will resume, which is crucial for future revenue growth [16][17] - Management acknowledged the competitive environment in the TSD market and emphasized the importance of organic growth [44][45] Other Important Information - The company closed on a new 5-year credit facility to support strategic objectives and capital priorities [7] - Share repurchases for the quarter totaled $18 million, with $179 million remaining under the share repurchase authorization [10] Q&A Session Summary Question: Clarification on period costs and their impact on future quarters - Management indicated that higher period costs were primarily related to mix and freight expenses, and they expect these to be localized to the current quarter [14] Question: Slower growth in the technology segment - Management noted that large deals have been broken into smaller pieces, affecting invoicing and revenue recognition [16] Question: Impact of memory supply issues on pricing - Management acknowledged that memory supply issues could affect suppliers, but they do not anticipate significant impacts on guidance at this time [24] Question: Update on Intelisys business restructuring - Management clarified that they have added sales capabilities rather than restructuring, focusing on acquiring new customers and orders [25][26] Question: Competitive environment in the TSD market - Management noted that the TSD space remains competitive, with a shift towards organic growth among competitors [44][45] Question: Magnitude of guidance reduction - Management explained that the guidance reduction is primarily related to large deals, not product shortages [43] Question: Dynamics of new orders lagging behind billings - Management highlighted that new orders are growing faster than revenues, indicating future revenue potential, but there is a lag in billing [64][66]

分组1 - ScanSource reported quarterly earnings of $0.8 per share, missing the Zacks Consensus Estimate of $1 per share, and down from $0.85 per share a year ago, representing an earnings surprise of -20.00% [1] - The company posted revenues of $766.51 million for the quarter, missing the Zacks Consensus Estimate by 3.66%, compared to $747.5 million in the same quarter last year [2] - Over the last four quarters, ScanSource has surpassed consensus EPS estimates three times, but has only topped revenue estimates once [2] 分组2 - The stock has gained approximately 13.5% since the beginning of the year, outperforming the S&P 500, which gained 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $766.3 million, and for the current fiscal year, it is $4.13 on revenues of $3.16 billion [7] - The Zacks Industry Rank indicates that the Technology Services sector is currently in the bottom 39% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Financial Performance - Net sales for the quarter ended December 31, 2025, were $766.5 million, an increase from $747.5 million in the same quarter of 2024, representing a growth of 1.4%[18] - Gross profit for the quarter was $102.9 million, slightly up from $101.7 million year-over-year, indicating a gross margin of approximately 13.4%[18] - Net income for the quarter was $16.5 million, compared to $17.1 million in the prior year, reflecting a decrease of 3.3%[18] - Total revenue for the quarter ended December 31, 2025, was $766,512 thousand, an increase from $747,497 thousand in the same quarter of 2024, representing a year-over-year growth of approximately 2.0%[48][49] - Recurring revenue for the quarter ended December 31, 2025, was $42,023 thousand, compared to $36,262 thousand for the same quarter in 2024, indicating a growth of about 15.0%[48][49] - Net income for the quarter ended December 31, 2025, was $16,493 thousand, compared to $17,053 thousand for the same quarter in 2024, reflecting a decrease of approximately 3.3%[52] - Basic earnings per share for the quarter ended December 31, 2025, was $0.75, compared to $0.72 for the same quarter in 2024, showing an increase of about 4.2%[52] Assets and Liabilities - The company reported total current assets of $1.3 billion as of December 31, 2025, down from $1.37 billion at June 30, 2025[15] - Total liabilities decreased to $830.8 million from $879.2 million, showing a reduction of approximately 5.5%[15] - The Company recorded total debt of $102,663 thousand as of December 31, 2025, down from $136,149 thousand as of June 30, 2025, representing a reduction of approximately 24.5%[58] - The Company reported accumulated other comprehensive loss of $(116,414) thousand as of December 31, 2025, compared to $(114,424) thousand at June 30, 2025[53] - As of December 31, 2025, total assets were $1,741,671, a decrease from $1,785,606 as of June 30, 2025[98] Cash Flow and Investments - Cash provided by operating activities increased to $54,052,000 for the six months ended December 31, 2025, up from $38,642,000 in 2024, marking a 39.8% increase[27] - The company reported a decrease in cash and cash equivalents, ending the period at $83,466,000, down from $126,157,000 at the beginning of the period, a decline of 33.8%[27] - Total capital expenditures for the six months ended December 31, 2025, were $4,370,000, slightly higher than $4,348,000 in the same period of 2024[27] - The company repurchased common stock totaling $38,687,000 during the six months ended December 31, 2025, compared to $52,342,000 in the same period of 2024, a reduction of 26.2%[27] - The company’s depreciation and amortization expenses for the six months ended December 31, 2025, were $12,138,000, down from $15,603,000 in 2024, a decrease of 22.5%[27] Foreign Currency and Derivatives - The company experienced a foreign currency translation adjustment loss of $5.6 million for the quarter, compared to a loss of $18.7 million in the same quarter of 2024[20] - The company recorded net foreign currency exchange losses of $658,000 for the quarter ended December 31, 2025, compared to gains of $252,000 for the same quarter in 2024[70] - The notional amounts of outstanding foreign currency derivatives were $32.2 million as of December 31, 2025, up from $26.2 million as of June 30, 2025[70] Segment Performance - The Specialty Technology Solutions segment generated net sales of $741.5 million for the quarter ended December 31, 2025, up from $723.3 million in the same quarter of 2024, marking an increase of approximately 2.9%[95] - The Intelisys & Advisory segment reported net sales of $25.0 million for the quarter ended December 31, 2025, compared to $24.2 million in the same quarter of 2024, reflecting a growth of about 3.2%[95] Acquisitions and Goodwill - ScanSource acquired Resourcive for approximately $56.7 million on August 8, 2024, and Advantix for $18.4 million on October 20, 2025, with contingent consideration valued at $13.4 million[14][15][16] - Goodwill increased to $244,178 thousand as of December 31, 2025, from $230,820 thousand at June 30, 2025, due to recent acquisitions[56] Tax and Lease Obligations - The effective tax rate for the quarter ended December 31, 2025, was 15.1%, down from 21.6% for the six months ended December 31, 2024[108] - The weighted-average remaining lease term at December 31, 2025, was 2.87 years, with a weighted-average discount rate of 6.39%[103] - Operating lease costs for the six months ended December 31, 2025, were $3,255, an increase from $2,889 in 2024[103] Future Commitments - The company plans to continue earnout payments to sellers based on performance results through fiscal year 2028 for Advantix and through fiscal years 2026 to 2028 for DataXoom[83][84]

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Steve Jones Mary M. Gentry Senior EVP, Chief Financial Officer SVP, Finance and Treasurer ScanSource, Inc. ScanSource, Inc. (864) 286-4302 (864) 286-4892 SCANSOURCE REPORTS SECOND QUARTER RESULTS GREENVILLE, SC -- February 5, 2026 -- ScanSource, Inc. (NASDAQ: SCSC), a leading technology distributor uniquely positioned to address complex, converging technologies, today announced financial results for the second quarter ended December 31, 2025. | | | | | Second Quar ...

智通财经APP获悉，Omdia研究显示，2024年技术服务分销(TSD)市场在IT和电信渠道的总账单额达到166亿美元，同比增长14.5%。前六大TSD占据72.3% 市场份额，并实现13.4%的同比增长。连接性销售依然占主导，但其增长速度低于云/托管、网络安全及 UC/CCaaS 解决方案。随着市场成熟，TSD 必须优 化合作伙伴组合、扩大与 MSP(托管服务提供商)和 VAR(增值经销商)的合作，以提升平均合同价值(ACV)；并通过提升赋能支持来提高技术顾问的留存 率。风险投资和私募股权投资正在重塑执行策略，推动合作伙伴分级、供应商优化以及更完善的数据/AI 内部工具。 TSD市场正在经历由创新、战略性投资和不断演变的合作伙伴动态驱动的变革性增长。对于IT和电信供应商及渠道合作伙伴而言，理解市场的发展轨迹和 关键参与者，对抓住未来机遇至关重要。 市场概览：增长、规模与主导地位 2024年，TSD市场表现亮眼，总账单额达到166亿美元，同比增长14.5%。这一增长体现了市场的韧性，以及对持续性收入模式的长期需求。 前六大TSD ——Telarus、Intelisys、AVANT Communications ...

Core Viewpoint - ScanSource, Inc. plans to release its second quarter fiscal year 2026 results on February 5, 2026, at approximately 8:30 a.m. ET, followed by an earnings conference call at 10:30 a.m. ET on the same day [1] Company Information - ScanSource, Inc. is a leading technology distributor that focuses on addressing complex, converging technologies [1]

Core Viewpoint - Investors are evaluating the attractiveness of ScanSource (SCSC) and Symbotic Inc. (SYM) for value investment opportunities, with SCSC currently appearing more favorable based on various financial metrics [1][3]. Valuation Metrics - SCSC has a forward P/E ratio of 9.66, significantly lower than SYM's forward P/E of 148.62, indicating that SCSC may be undervalued compared to SYM [5]. - The PEG ratio for SCSC is 0.64, while SYM's PEG ratio is 4.95, suggesting that SCSC has a better balance between its price and expected earnings growth [5]. - SCSC's P/B ratio stands at 0.96, contrasting sharply with SYM's P/B ratio of 73.15, further indicating SCSC's relative undervaluation [6]. Value Grades - SCSC has received a Value grade of A, reflecting its strong valuation metrics, while SYM has been assigned a Value grade of F, highlighting its poor valuation performance [6]. - The stronger estimate revision activity for SCSC compared to SYM suggests a more favorable earnings outlook for SCSC, making it a more attractive option for value investors [7].

Core Viewpoint - Investors in the Technology Services sector may find value in either ScanSource (SCSC) or Symbotic Inc. (SYM), with a closer examination needed to determine which stock is more appealing to value investors [1] Valuation Metrics - SCSC has a forward P/E ratio of 10.36, while SYM has a significantly higher forward P/E of 153.30 [5] - The PEG ratio for SCSC is 0.69, indicating a more favorable valuation compared to SYM's PEG ratio of 5.11 [5] - SCSC's P/B ratio stands at 1.03, contrasting sharply with SYM's P/B ratio of 77.8, suggesting SCSC is more aligned with traditional valuation metrics [6] Earnings Outlook - SCSC currently holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while SYM has a Zacks Rank of 4 (Sell), suggesting a less favorable earnings outlook [3] - The solid earnings outlook for SCSC, combined with its favorable valuation metrics, positions it as the superior value option compared to SYM [7]