The company continues to offer innovative supply chain solutions aimed at solving its customers’ procurement needs amid the ongoing memory shortage
Smith continues to build upon the immense success of recent years as we find new and innovative ways to keep our customers’ supply chains flowing.”— Lee Ackerley, Co-Founder and Director at SmithHOUSTON, TX, UNITED STATES, August 3, 2026 /EINPresswire.com/ — Smith, a globally recognized distributor of electronic components and semiconductors, today reports that it has exceeded its earlier record for annual revenue, closing the first half of 2026 at USD $6 billion. That six-month figure represents a rise of more than 25 percent over its previous yearly high, which was achieved in 2022.
As the AI and data center expansion continues to influence both the current and future landscape of the semiconductor sector, Smith’s trading specialists have collaborated closely with clients to help them manage the shifting market, constantly discovering new and improved methods to obtain essential inventory and scarce components.
“The entire industry has been rapidly adapting to the changes we have seen over the last six months,” said Bob Ackerley, Co-Founder and Director at Smith. “Our broad global reach, insightful market data, and rigorous quality standards help our customers remain agile in this turbulent demand cycle and provide a dynamic framework for addressing their unique needs.”
With the memory shortage projected to extend into 2027 and beyond, Smith is intensifying its efforts to address manufacturing bottlenecks and inventory challenges for its customers. The firm has established new locations in Boston, Massachusetts; Albany, New York; and Tampa, Florida, and boosted its workforce by roughly 20 percent, adding key personnel in rapidly growing segments. It is also currently enlarging its operational footprint by more than 100,000 square feet to further accommodate its customers’ logistical requirements.
“Smith continues to build upon the immense success of recent years as we find new and innovative ways to keep our customers’ supply chains flowing,” said Lee Ackerley, Co-Founder and Director at Smith. “Our teams around the world have done an exceptional job of being proactive and solution-oriented to mitigate these shortages’ impacts on our customers.”
About Smith
Founded in 1984, Smith is the leading independent distributor of electronic components. Smith's Intelligent Distribution™ model offers a comprehensive suite of flexible and scalable supply chain solutions to source, manage, test, and ship billions of components to partners worldwide in every industry and vertical. The company is backed by more than 25 certifications and accreditations and has developed and implemented sustainable practices that exceed industry and regulatory requirements. Building on its decades of market data, cutting-edge technology, and a systems-based approach to quality excellence, Smith generated more than USD $3.4 billion in global revenue in 2025 and ranks ninth among all global distributors. Visit www.smithweb.com to learn more.
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Rachel Goodell, Director of Marketing
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