ARW · Arrow Electronics, Inc.

Arrow Electronics reported a strong first quarter for 2026, with total revenue of $9.5 billion, up 39% year-over-year, exceeding the high end of guidance. Non-GAAP diluted EPS of $5.22 also surpassed the high end of guidance, driven by significant operational momentum across both segments. Global Components sales grew 39% YoY, with Americas up 47%, EMEA up 32% (19% constant currency), and Asia-Pacific up 37% (36% constant currency). Global ECS sales increased 39% YoY, with EMEA up 46% (33% constant currency) and Americas up 30%. Operating income improved substantially: Global Components operating income rose 112% to $364 million, and Global ECS operating income increased 34% to $104 million. Management attributed the results to an accelerated recovery spanning geographies and industry verticals, improved book-to-bill ratios, and a healthy backlog. The company generated $700 million in cash flow from operations, partly due to timing within supply chain services, and repurchased $25 million in shares. For Q2 2026, Arrow guided consolidated sales of $9.15-$9.75 billion, GAAP EPS of $3.91-$4.11, and non-GAAP EPS of $4.32-$4.52, reflecting continued confidence in the recovery trajectory.