Welcome to our dedicated page for Arrow Electrs news (Ticker: ARW), a resource for investors and traders seeking the latest updates and insights on Arrow Electrs stock.
Arrow Electronics Inc. (ARW) drives innovation across industries through its electronic components distribution and enterprise computing solutions. This page aggregates official announcements, financial updates, and strategic developments from the Fortune 500 technology leader.
Investors and industry professionals will find timely updates on earnings reports, product launches, and partnerships that highlight ARW's role in enabling AI-driven mobility, industrial automation, and next-gen IT infrastructure. Our curated feed ensures access to verified information about supply chain advancements and technology deployments.
Key coverage areas include quarterly financial results, executive leadership updates, R&D breakthroughs in AI/ML applications, and global expansion initiatives. All content is sourced directly from company communications and reputable financial publications.
Bookmark this page to monitor how ARW continues bridging manufacturers with cutting-edge technologies while maintaining its position as a critical enabler of industrial and commercial innovation.
Arrow Electronics has entered a strategic distribution agreement with SiMa.ai, a company specializing in embedded edge machine learning systems. This partnership will enable Arrow to distribute SiMa.ai's products, including the MLSoC (Machine Learning System on Chip) and Palette Software, across the EMEA region. The MLSoC platform supports various AI/ML workloads, delivering high performance and efficiency.
This collaboration aims to address the growing demand for AI solutions in sectors like industrial manufacturing, retail, aerospace, defense, agriculture, and healthcare. Arrow will showcase SiMa.ai's offerings at Hardware Pioneers Max in London on 28-29 May 2024 and will participate in a talk on accelerating vision pipelines in AI on 29 May 2024.
Prospective customers can learn more through an Arrow webinar featuring SiMa.ai on 10 June 2024 or book an AI consultation with Arrow experts.
Arrow Electronics (NYSE: ARW) announced it will present at the Stifel Cross Sector Insight Conference on June 4, 2024, in Boston. The company, which reported $33 billion in sales for 2023, will have its management present at 10:55 a.m. ET. Management will also be available for one-on-one meetings with investors. The presentation can be accessed via webcast on the Arrow Electronics investor page. Arrow Electronics supports innovation for leading technology manufacturers and service providers globally.
Arrow Electronics has partnered with Resideo Technologies to integrate smart home technologies into Habitat for Humanity's new Mountain View Community in Aurora, CO. This initiative aims to provide affordable, energy-efficient, and secure housing for new homeowners. The project includes smart thermostats, air treatment systems, security cameras, and water leak detection systems, all designed to operate without increasing construction costs or adding expenses for residents. The Mountain View Community will feature 20 homes and is set to welcome homeowners by early 2025.
Arrow Electronics has partnered with the Colorado Rockies to support Denver-area youth during the 2024 Major League Baseball season. They honored the nonprofit A Precious Child, with Arrow employees volunteering and providing support through various initiatives. Additionally, Arrow participated in the Colorado Rockies 13th Annual STEM Day, showcasing their SAM Car and promoting STEM learning opportunities globally.
Arrow Electronics, Inc. (NYSE: ARW) reported sales of $6.9 billion in line with guidance for the first quarter of 2024. First-quarter earnings per diluted share were $1.53, with non-GAAP earnings per diluted share at $2.41. Sales decreased by 21% year over year, with global components and enterprise computing solutions experiencing declines. The company generated $403 million in cash flow from operations and repurchased approximately $100 million of shares. The second-quarter outlook includes consolidated sales of $6.20 billion to $6.80 billion and net income per share on a diluted basis of $1.65 to $1.85.
Arrow Electronics, Inc. has been selected as the sole global provider of Broadcom's CloudHealth from VMware offering, aiming to simplify financial management and operations across multi-cloud environments. Arrow will provide sales, marketing, and technical support to enhance the user experience, ensuring partners and customers get the most value from their investment. CloudHealth will be available through the ArrowSphere Cloud marketplace starting May 6, without any planned service outage. Partners and customers using the offering can seamlessly transition to Arrow's platform.
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