Arrow Electrs Inc Stock Price, News & Analysis

Arrow Electronics (NYSE:ARW) has launched a global AI Accelerator Program designed to help channel partners enhance their artificial intelligence capabilities. The comprehensive program begins with a tailored assessment of AI proficiency and operates through three key components:

• Learn: AI Academy providing training, skills, and tools with tailored content and hands-on sessions
• Use: Suite of AI tools powered by ArrowSphere AI, accessible through ArrowSphere Assistant
• Create: AI Factory enabling development and deployment of AI projects with support from Arrow's technical teams through global experience centers

The program aims to enhance partners' AI knowledge, streamline operations, improve customer engagement, and facilitate creation of customized AI solutions for better business outcomes.

Arrow Electronics (NYSE:ARW) has announced a significant expansion of its private label managed services portfolio in North America, focusing on AI, cloud, and security technologies. The expanded offerings aim to help channel partners address key challenges including skill shortages and high platform development costs.

The enhanced portfolio features AI-focused solutions including management of Large Language Models (LLMs), full AI deployments, and services ranging from use case discovery to code-as-a-service. It builds upon existing services in cloud, security, and data center technologies, including storage monitoring, secure cloud backup, and cloud orchestration services.

According to Ben Klay, president of Arrow's North America enterprise computing solutions business, this expansion enables channel partners to boost recurring revenue streams while maintaining competitive advantages. The private label services allow partners to offer these solutions under their own brand names, particularly benefiting mid-market and small business channel partners.

Arrow Electronics (ARW) has been appointed as a VMware Cloud Commerce Manager for the VMware Cloud Service Provider (VCSP) program in North America. This expansion allows VCSP partners in the U.S. and Canada to access VMware Cloud Foundation through Arrow's services.

Through this agreement, Arrow will manage orders and monthly billing for VCSP partners, while providing technical and go-to-market support for cloud migration. The company will deliver VMware Cloud Foundation via its ArrowSphere platform, offering partners immediate access to personalized assistance, training programs, and certified resources.

This appointment follows Arrow's November designation as a VMware solutions provider in North America. The company now supports VCSP partners across the U.S., Canada, and 19 European countries.

Arrow Electronics (NYSE:ARW) reported fourth-quarter and full-year 2024 results, with Q4 sales and earnings exceeding guidance. Q4 sales decreased 7% year-over-year to $7.28 billion, while full-year 2024 sales declined 16% to $27.92 billion. Q4 earnings per share reached $1.86 (GAAP) and $2.97 (non-GAAP).

The Global Components segment saw Q4 sales decrease 15% to $4.81 billion, while Global Enterprise Computing Solutions (ECS) segment sales increased 12% to $2.47 billion. The company generated over $1.1 billion in cash flow from operations and reduced inventory by $1.1 billion. Arrow returned $250 million to shareholders through stock repurchases.

For Q1 2025, Arrow forecasts consolidated sales between $5.98-6.58 billion and expects diluted EPS of $0.98-1.18 (GAAP) and $1.30-1.50 (non-GAAP).

Clarifai has announced a strategic partnership with Arrow Electronics (NYSE:ARW) to accelerate AI adoption across industries. The partnership establishes Arrow as Clarifai's official commercial distributor, leveraging Arrow's global distribution network to deliver end-to-end AI capabilities.

The collaboration will integrate Clarifai's advanced AI models and platform into Arrow's ecosystem, providing businesses with access to AI solutions for computer vision, natural language processing, and data labeling. Companies can utilize Clarifai's Compute Orchestration capabilities to optimize resources across cloud or on-premises environments.

Arrow will distribute Clarifai's AI solutions across various sectors, including manufacturing, healthcare, retail, and financial services. The partnership aims to streamline procurement processes and enable organizations to implement AI technology more efficiently. Clarifai's platform allows businesses to build and orchestrate AI workloads across any hardware provider, cloud provider, on-premises, or air-gapped environment.

Arrow Electronics (NYSE:ARW) has maintained its leadership position in FORTUNE's World's Most Admired Companies list, ranking first in the 'Wholesalers: Electronics and Office Equipment' category for the 12th consecutive year. This achievement marks Arrow's 25th appearance on the prestigious listing, which is compiled based on feedback from more than 15,000 executives, directors, and financial community members.

The company demonstrated exceptional performance by leading across all nine key attributes evaluated: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services, and global competitiveness.

Arrow Electronics (NYSE:ARW) has maintained its leadership position in FORTUNE's World's Most Admired Companies list, ranking first in the 'Wholesalers: Electronics and Office Equipment' category for the 12th consecutive year. This achievement marks Arrow's 25th appearance on the prestigious listing.

The ranking is determined through a comprehensive evaluation process involving input from more than 15,000 executives, directors, and financial community members. Companies are assessed across nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services, and global competitiveness.

Arrow Electronics (NYSE:ARW) has announced it will host a conference call to discuss its fourth-quarter and full-year 2024 financial results on February 6, 2025, at 1:00 p.m. ET. The company will provide a live webcast through their investor relations website, with a replay available for one year afterward.

Arrow Electronics, which reported global sales of $33 billion in 2023, specializes in sourcing and engineering technology solutions for manufacturers and service providers across major industries and markets.

Arrow Electronics (NYSE:ARW) has appointed Lawrence (Liren) Chen to its board of directors, expanding the board to 10 members. Chen, who currently serves as president, CEO, and board member of InterDigital, will also join Arrow's audit committee. He brings extensive experience from his nearly 25-year tenure at Qualcomm, where he last served as senior vice president and global head of IP, legal counsel. Chen's expertise spans technology, business strategy, product management, and global ecosystem development. He is also a member of the U.S. Chamber of Commerce China Advisory Committee and the Council for Inclusive Innovation of the U.S. Patent and Trademark Office.