Arrow Electronics Inc.

05/07/2026 | Press release | Distributed by Public on 05/07/2026 05:03

EAST PANORAMA CIRCLE CENTENNIAL, CO 80112 (Form 8-K)

9151 EAST PANORAMA CIRCLE

CENTENNIAL, CO 80112

303-824-4000

NEWS

Arrow Electronics Reports First-Quarter 2026 Results

--Total Revenue of $9.5 billion, up 39%, Above High End of Guidance--

--Earnings Per Share of $4.55 and Non-GAAP Earnings Per Share of $5.22, Both Above High End of Guidance--

CENTENNIAL, Colo.--(BUSINESS WIRE)- May 7, 2026--Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its first quarter of 2026.

"The first quarter marked a strong start to 2026 as total revenue, profit margins, and EPS grew significantly year over year, exceeding our guidance ranges," said Bill Austen, Arrow's interim president and chief executive officer. "We saw continued operational momentum across both Global Components and ECS, supported by an accelerated recovery that spanned geographies and industry verticals, improved book-to-bill ratios, and a healthy backlog that continues to build."

"Looking ahead, we are confident the progress we are achieving positions us well to continue executing our strategy with discipline. This is supported by the continued expansion of our higher margin, value-added offerings, a scalable cost structure, and a focused capital allocation framework. Together, these initiatives position us to drive profitable growth and deliver long-term value for our customers and shareholders."

Arrow Consolidated

​ ​ ​

Quarter Ended

April 4,

March 29,

(in millions except per share data)

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

Change

​ ​ ​

Consolidated sales

$

9,474

$

6,814

39

%

Net income attributable to shareholders

235

80

195

%

Net income per diluted share

4.55

1.51

201

%

Non-GAAP net income attributable to shareholders (1)

270

95

185

%

Non-GAAP net income per diluted share (1)

5.22

1.80

190

%

In the first quarter of 2026, sales increased 39 percent year over year, and increased 34 percent year over year on a constant currency basis. Changes in foreign currencies had a positive impact on growth of $274 million on sales and $0.07 on earnings per share on a diluted basis compared to the first quarter of 2025.

Global Components

​ ​ ​

Quarter Ended

April 4,

March 29,

(in millions)

2026

2025

Change

Global components sales

$

6,640

$

4,778

39

%

Global components operating income

364

171

112

%

Global components non-GAAP operating income (1)

365

173

111

%

In the first quarter of 2026, global components sales increased 39 percent year over year and increased 35 percent year over year on a constant currency basis. Americas components first-quarter sales increased 47 percent year over year. EMEA components first-quarter sales increased 32 percent year over year and increased 19 percent year over year on a constant currency basis. Asia-Pacific components first-quarter sales increased 37 percent year over year and increased 36 percent year over year on a constant currency basis.

1

ARROW ELECTRONICS, INC.

9151 EAST PANORAMA CIRCLE

CENTENNIAL, CO 80112

303-824-4000

NEWS

Global Enterprise Computing Solutions ("ECS")

​ ​ ​

Quarter Ended

April 4,

March 29,

(in millions)

2026

2025

Change

Global ECS sales

$

2,833

$

2,036

39

%

Global ECS operating income

104

77

34

%

Global ECS non-GAAP operating income (1)

105

78

34

%

In the first quarter of 2026, Global ECS sales increased 39 percent year over year, and increased 32 percent year over year on a constant currency basis. Global ECS gross billings increased 39 percent year over year. Global ECS first-quarter operating income and non-GAAP operating income increased 34 percent year over year. EMEA ECS first-quarter sales increased 46 percent year over year and increased 33 percent year over year on a constant currency basis. Americas ECS first-quarter sales increased 30 percent year over year.

Other Financial Information

In the first quarter of 2026, Arrow generated $700 million of cash flow from operations partly due to the timing of cash flows within Arrow's supply chain services offering. Arrow also repurchased $25 million of shares in the first quarter.

1 A reconciliation of non-GAAP financial measures to GAAP financial measures is presented in the reconciliation tables included herein.

2

Second-Quarter 2026 Outlook

● Consolidated sales of $9.15 billion to $9.75 billion, with global components sales of $6.80 billion to $7.20 billion, and global enterprise computing solutions sales of $2.35 billion to $2.55 billion
● Net income per share on a diluted basis of $3.91 to $4.11, and non-GAAP net income per share on a diluted basis of $4.32 to $4.52
● Average tax rate in the range of 23 percent to 25 percent
● Interest expense of approximately $60 million
● Changes in foreign currencies to increase sales by approximately $117 million, and earnings per share on a diluted basis by $0.11 compared to the second quarter of 2025
● Changes in foreign currencies to increase quarter-over-quarter growth in sales by $21 million, and earnings per share on a diluted basis to increase by $0.03 compared to the first quarter of 2026

Second-Quarter 2026 GAAP to non-GAAP Outlook Reconciliation

NON-GAAP SALES RECONCILIATION

Quarter Ended

Quarter Ended

July 4,

​ ​ ​

June 28,

​ ​ ​

​ ​ ​

July 4,

​ ​ ​

April 4,

(in billions)

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

% Change

​ ​ ​

2026

​ ​ ​

2026

​ ​ ​

% Change

Global components sales, GAAP

$

6.80 - 7.20

$

5.28

29% - 36%

$

6.80 - 7.20

$

6.64

2% - 8%

Impact of changes in foreign currencies

-

0.07

-

0.01

Global components sales, constant currency

$

6.80 - 7.20

$

5.35

27% - 34%

$

6.80 - 7.20

$

6.65

2% - 8%

Global ECS sales, GAAP

$

2.35 - 2.55

$

2.30

2% - 11%

$

2.35 - 2.55

$

2.83

(17)% - (10)%

Impact of changes in foreign currencies

-

0.05

-

0.01

Global ECS sales, constant currency

$

2.35 - 2.55

$

2.35

0% - 9%

$

2.35 - 2.55

$

2.84

(17)% - (10)%

NON-GAAP EARNINGS RECONCILIATION

​ ​ ​

Reported

​ ​ ​

Intangible amortization

​ ​ ​

Restructuring &

​ ​ ​

GAAP measure

expense

integration charges

Non-GAAP measure

Net income per diluted share

$3.91 to $4.11

$0.07

$0.34

$4.32 to $4.52

3

Earnings Presentation

Please refer to the earnings presentation, which can be found at investor.arrow.com, as a supplement to the company's earnings release. The company may use this website as a means of disclosing material, non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the website noted above, in addition to following the company's press releases, SEC filings, and public conference calls and webcasts.

Webcast and Conference Call Information

Arrow Electronics will host a conference call to discuss first-quarter 2026 financial results on May 7, 2026, at 8:30 a.m. ET.

A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://events.q4inc.com/attendee/218062703. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year.

About Arrow Electronics

Arrow Electronics (NYSE:ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2025 sales of $30.9 billion, Arrow's portfolio enables technology across major industries and markets. Learn more at arrow.com.

Key Business Metrics

Management uses gross billings as an operational metric to monitor operating performance of its global ECS reportable segment, including sales performance by geographic region, as it provides meaningful supplemental information to the reader in evaluating the overall performance of the global ECS business. The company uses this key metric to develop financial forecasts, make strategic decisions, and prepare and approve annual budgets. Gross billings represent amounts invoiced to customers for goods and services during a specified period and do not include the impact of recording sales on a net basis or sales adjustments, such as trade discounts and other allowances. The use of gross billings has certain limitations as an analytical tool and should not be considered in isolation or as a substitute for revenue.

Information Relating to Forward-Looking Statements

Arrow Electronics Inc. published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 07, 2026 at 11:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]