📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Arrow Electronics, Inc. sources and engineers technology for manufacturers, service providers, and users of enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes electronic components, including semiconductor products and related services; interconnect, passive, and electromechanical products comprising capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services. Its Global Enterprise Computing Solutions segment offers computing solutions, such as datacenter, cloud, security, and analytics solutions, as well as engineering and integration support, warehousing and logistics, marketing resources, and authorized hardware and software training services. The company serves original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers, and other commercial customers. Arrow Electronics, Inc. was founded in 1935 and is based in Centennial, Colorado.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding ARW

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	169.0K	$24.2M	0.04%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management stated they exceeded high end of guidance for both sales and EPS, noted book-to-bill ratios above parity in all three regions, and backlog growing for second consecutive quarter, while acknowledging that the shape and slope of the recovery remain difficult to predict.

Q3 2025

Confident Vague

Management expresses confidence in strategic direction and early recovery, repeatedly using phrases like 'we are executing well,' 'gradual recovery,' and 'we believe.' Yet they avoid specific timelines for margin improvement and acknowledge 'visibility is muted,' creating a cautious undertone.

Q4 2025

Mixed

Management uses confident language ('very strong fourth quarter', 'solid execution', 'ahead of expectations') but also qualifies with cautious phrases ('visibility continues to be cloudy', 'cautiously optimistic', 'gradual recovery'). The overall tone balances enthusiasm for the quarter's outperformance with measured expectations for the near-term outlook.

Q1 2026 latest

Confident Specific

Management repeatedly used terms like 'very strong results', 'operating margin expanded 160 bps', 'EPS increased 190%', 'book-to-bill well above parity', 'recovery broad-based and unit-volume-driven', and 'healthy proof points' throughout prepared remarks, reflecting conviction in the operational momentum and outperformance.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. The accelerated, broad-based recovery in Global Components, combined with significant operating leverage from past cost restructuring and a shift toward value-added services, drove a dramatic margin expansion to 5.5% (from 3.7% prior quarter). Leading indicators (book-to-bill >1, growing backlog) suggest momentum is sustainable, not pulled forward. However, Q2 guidance implies a step-down from Q1’s exceptional level due to mix effects and normalization of the extra shipping days and supply chain services. Key risks to watch next quarter: whether the mass-market recovery in Western regions continues, whether pricing inflation (e.g., memory) triggers double-ordering, and how the CEO succession progresses. The company’s diversified model and free cash flow generation provide resilience, but margin sustainability will be the focal point for investors.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Arrow Electronics Q1 2026 revenue $9.5B (+39% YoY), EPS $5.22 (+190%)

Revenue & Profitability

First quarter 2026 revenue of $9.5 billion increased 39% year-over-year. Non-GAAP operating income was $401 million, up $222 million from the prior year, resulting in an operating margin of 4.2% (up 160 bps). Non-GAAP diluted EPS of $5.22 increased 190% year-over-year. Cash flow from operations was $700 million. For Q2 2026, revenue guidance is $9.15 billion – $9.75 billion (25% YoY at midpoint) and non-GAAP EPS of $4.32 – $4.52.

Outlook

Management described a broad-based, unit-volume-driven market recovery that accelerated in the second half of Q1. Book-to-bill ratios are well above parity in all three regions, backlog is building into Q3 and Q4, and lead times are extending but remain manageable. Secular demand for AI-driven workloads continues to support ECS growth. The company expects the recovery to be sustainable, with no signs of double-ordering or pull-in demand.

Growth Drivers

Growth is driven by strong performance in both segments. In Global Components, industrial and transportation verticals posted double-digit sequential growth in the Americas and EMEA, and IP&E achieved record revenue exceeding $1 billion in Q1. In ECS, AI and data center build-out fueled hardware and cloud growth, partially boosted by memory shortages prompting advance orders. Supply chain services, particularly for hyperscalers, provided meaningful incremental operating income.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Consolidated non-GAAP operating margin expanded 160 bps year-over-year to 4.2% in Q1. Global Components operating margin rose 180 bps sequentially to 5.5%, driven by favorable regional and business mix and operational leverage (OpEx grew at one-third the rate of revenue). ECS operating margin declined modestly (10 bps) due to hardware mix and a charge from an underperforming contract. Management expects continued operating leverage as demand improves, though Q2 margins will be affected by seasonally stronger Asia (lower margin) and annual compensation increases.

Key Risks

Risks flagged include foreign exchange impacts, higher interest expense (expected ~$60 million in Q2), the timing and variability of cash flows from supply chain services, the extra shipping days in Q1 that will not repeat (predominantly in ECS), and margin compression from a higher mix of lower-margin Asia business in Q2. Management acknowledged memory price increases but noted minimal direct impact on their results. Analysts raised the possibility of double-ordering or pull-in demand, which management dismissed based on order pattern analysis and unit-volume-driven growth.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-06

Second quarter revenue grew 32% year-over-year to $10 billion, with non-GAAP EPS up 124% to $5.45, driven by broad-based demand and strong execution. Both Global Components and ECS segments delivered growth, with robust backlog and positive outlook into 2027. Guidance for Q3 anticipates continued momentum and disciplined capital allocation.

Q1 2026 Q1 2026 2026-05-07

Revenue surged 39% year-over-year to $9.5B with non-GAAP EPS up 190% to $5.22, driven by broad-based demand and operational leverage. Both Global Components and ECS segments outperformed, with strong backlog and healthy book-to-bill ratios supporting a positive outlook.

Q4 2025 Q4 2025 2026-02-05

Q4 and full-year 2025 results exceeded expectations, with revenue up 20% and non-GAAP EPS up 48% year-over-year. Value-added services and ECS drove margin expansion, while a diversified model and disciplined capital allocation supported resilience amid a gradual recovery.

Q3 2025 Q3 2025 2025-10-30

Q3 revenue grew 13% year-over-year to $7.7B, with EPS above guidance and strong performance in both Global Components and ECS. Strategic outsourcing and value-added services are driving margin expansion, though a $21M charge impacted ECS margins. Gradual recovery is expected to continue into 2026.

Q2 2025 Q2 2025 2025-07-31

Q2 sales and EPS exceeded guidance, driven by strong Global Components and ECS performance. Book-to-bill ratios and backlog growth signal a modest market recovery, with Q3 guidance reflecting continued sales and margin stability.

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