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 once again sponsored the FIRST Robotics Colorado regional competition, marking its 11th consecutive year of support. The event, held from March 24-25, 2023, at the University of Denver, featured 43 high school teams and over 1,100 participants, emphasizing renewable energy through the theme "Charged Up." Winning teams included the 1339 Angelbotics, the 4499 Highlanders, and the 1799 Wired Up! The competition is designed to provide students with real-world engineering experiences and foster teamwork and business skills. Notably, team member Hailey Holman received the Dean's Finalist Award and is eligible for further recognition at the World Championship in Houston. Arrow Electronics, with 2022 sales of $37 billion, continues to guide innovation in technology solutions.
Arrow Electronics and Qualcomm Technologies have expanded their strategic partnership by establishing the Edge Labs Center of Excellence. This initiative aims to accelerate the development of IoT and Edge AI solutions, addressing challenges such as supply chain complexities and limited access to chipsets. The first product, Aikri 42x, based on Qualcomm's QRB4210 SoC, will be showcased at the Embedded World conference in Nuremberg, Germany, from March 14-16. The collaboration is set to improve design cycles and support the adoption of Edge AI technologies across various industries.
Arrow Electronics organized a charitable event in Denver, where executives built 150 bikes for second graders at federally aided schools. This initiative, in collaboration with Wish for Wheels, aims to support underserved communities. Since its inception in 2004, Wish for Wheels has donated bikes and helmets to over 75,000 children. Arrow's president emphasized the company's commitment to community engagement, highlighting the positive impact of such events on both employees and beneficiaries. With 2022 sales reaching $37 billion, Arrow continues to guide innovation in technology solutions.
Arrow Electronics reported fourth-quarter 2022 sales of $9.32 billion, marking a 3% year-over-year increase. Net income for the quarter was $349 million or $5.66 per share, down from $371 million or $5.26 per share in Q4 2021. Non-GAAP earnings were $5.69 per share. The company announced a $1 billion share repurchase authorization following a $300 million buyback in Q4. Full-year sales were $37.12 billion, up 8% year-over-year. For Q1 2023, Arrow expects sales of $8.33 billion to $8.93 billion and diluted net income of $4.24 to $4.44 per share. Currency fluctuations negatively impacted earnings and sales growth.
Arrow Electronics (NYSE:ARW) will host a conference call on Feb. 2, 2023, at 1:00 PM ET to discuss its fourth-quarter and full-year 2022 financial results. Interested participants can register online for dial-in information at the provided link. A live webcast will also be available on the company's investor relations page. Arrow Electronics had 2021 sales of $34 billion and continues to drive innovation for over 220,000 technology manufacturers and service providers. A replay of the conference call will be accessible shortly after its conclusion and will remain available for one year.
Arrow Electronics (NYSE:ARW) has entered an agreement with Sunway Communication to offer and support its complete product range across the Americas, Europe, Middle East, and Africa. The focus will initially be on Sunway's Ultra-Wideband (UWB) solutions, which include modules and development kits leveraging NXP Semiconductors' Trimension UWB technology for applications like device tracking and access control. Founded in 2006, Sunway has over 10,000 employees and 2,000 patents, emphasizing R&D and innovation to maintain market competitiveness.
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