Arrow Electronics Q3 earnings jump 196% to $6.17

Fourth-quarter outlook puts non-GAAP diluted EPS at $7.00 to $7.20, with sales ranges of $8.15 billion to $8.55 billion for Components and $3.40 billion to $3.60 billion for ECS.

Available on EDGAR 11/05/2026 - 07:32 AM EST Accepted by SEC EDGAR 11/05/2026 - 07:32 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Arrow Electronics, Inc. (ARW) reported record third-quarter 2026 sales of $10.718 billion, up 39% year over year. GAAP diluted EPS was $6.17, versus $2.09 a year earlier; non-GAAP diluted EPS was $6.22, versus $2.41. The company said both EPS measures were above the high end of its guidance. Global Components sales rose 43% to $7.943 billion, while Global ECS sales rose 29% to $2.775 billion. Consolidated operating income was $430.3 million, compared with $179.0 million in the prior-year quarter.

For the fourth quarter, Arrow’s outlook gives GAAP diluted EPS of $6.25 to $6.45 and non-GAAP diluted EPS of $7.00 to $7.20. It projects Global Components sales of $8.15 billion to $8.55 billion and Global ECS sales of $3.40 billion to $3.60 billion. Third-quarter operations used $441.4 million in cash, primarily for working capital investments supporting customer demand, compared with $281.7 million used a year earlier.

2 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

How the balance works

Positive

• Moderate pointThird-quarter sales rose 39% to $10.718 billion year over year.
• Moderate pointGAAP diluted EPS rose 196% to $6.17 year over year.

Negative

• Moderate pointOperating cash use was $441.4 million, versus $281.7 million a year earlier.

Filing Explained

Arrow's third-quarter results show operating activities used $441,409 thousand in the quarter but provided $576,692 thousand over the nine months ended October 3, 2026, so reported year-to-date operating cash flow remained positive despite the quarterly use.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Consolidated sales: $10.718 billion GAAP diluted EPS: $6.17 per share Non-GAAP diluted EPS: $6.22 per share +4 more

7 metrics

Consolidated sales $10.718 billion Third quarter ended October 3, 2026; up 39% year over year.

GAAP diluted EPS $6.17 per share Third quarter 2026; up 196% year over year.

Non-GAAP diluted EPS $6.22 per share Third quarter 2026; up 158% year over year.

Net cash used for operating activities $441.4 million used Quarter ended October 3, 2026; compared with $281.7 million used in the prior-year quarter.

Global Components sales $7.943 billion Third quarter 2026; up 43% year over year.

Global ECS sales $2.775 billion Third quarter 2026; up 29% year over year.

Fourth-quarter diluted EPS outlook GAAP: $6.25 to $6.45 per share; non-GAAP: $7.00 to $7.20 per share Fourth-quarter 2026 outlook.

Key Terms

constant currency basis, gross billings, book-to-bill ratios, working capital investments

4 terms

constant currency basis financial

"sales increased 39 percent year over year on both an actual and constant currency basis"

A "constant currency basis" is a way companies compare financial results by removing the effects of changing exchange rates between different currencies. It helps show how the business is really performing, without the confusion caused by currency value swings, much like adjusting for inflation to see true growth.

gross billings financial

"Gross billings represents amounts invoiced to customers for goods and services"

Gross Billings is the total amount of money a company earns from selling its products or services before any expenses or discounts are taken out. It shows how much business the company is doing overall and helps investors understand its growth or size. Think of it as the total sales receipt before deducting costs or returns.

book-to-bill ratios financial

"growing backlog and book-to-bill ratios well above parity"

The book-to-bill ratio is the value of new orders received (bookings) divided by the value of goods or services billed (billings) during the same period, typically expressed as a number (e.g., 1.2) or a ratio. A ratio above 1.0 means new orders exceeded shipments/invoiced sales for the period (backlogs are growing); a ratio below 1.0 means billed sales exceeded new orders (backlogs are shrinking). The metric can be reported in dollars or units and is sensitive to timing, cancellations, order mix and differences between order entry and revenue recognition practices, so short-term swings do not always reflect durable demand changes.

working capital investments financial

"primarily due to working capital investments to support customer demand"

Earnings Snapshot

Consolidated sales: $10.718 billion · Guidance included

Third quarter 2026 (ended October 3, 2026)

Consolidated sales $10.718 billion Up 39% year over year

GAAP diluted EPS $6.17 per share Up 196% year over year

Non-GAAP diluted EPS $6.22 per share Up 158% year over year

Guidance

Fourth-quarter 2026 outlook: GAAP diluted EPS of $6.25 to $6.45 per share; non-GAAP diluted EPS of $7.00 to $7.20 per share; Global Components sales of $8.15 billion to $8.55 billion; Global ECS sales of $3.40 billion to $3.60 billion.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Arrow Electronics (ARW) report for third-quarter 2026?

Arrow reported $10.718 billion in sales, up 39% year over year. GAAP diluted EPS was $6.17, and non-GAAP diluted EPS was $6.22; the company said both were above the high end of its guidance.

What is Arrow Electronics' fourth-quarter 2026 outlook?

Arrow's outlook gives GAAP diluted EPS of $6.25 to $6.45 and non-GAAP diluted EPS of $7.00 to $7.20. It projects Global Components sales of $8.15 billion to $8.55 billion and Global ECS sales of $3.40 billion to $3.60 billion.

Why did Arrow Electronics use cash from operations in Q3 2026?

Arrow said it used $441 million of cash flow from operations, primarily because of working capital investments to support customer demand.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0000007536false00000075362026-11-052026-11-05

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 5, 2026

ARROW ELECTRONICS, INC.

(Exact Name of Registrant as Specified in Charter)

​

​	​	​
New York	1-4482	11-1806155
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

​

​

​	​	​	​
9151 East Panorama Circle,	Centennial,	CO	80112
(Address of principal executive offices)			(Zip Code)

​

Registrant’s telephone number, including area code: (303) 824-4000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

​

​	​
☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

​

Securities registered pursuant to Section 12(b) of the Act:

​

​	​	​	​	​
Title of each class	​	Trading Symbol(s)	​	Name of the exchange on which registered
Common Stock, $1 par value	​	ARW	​	New York Stock Exchange

​

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company      ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

​

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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On November 5, 2026, Arrow Electronics, Inc. (the “Company”) issued a press release announcing its third quarter 2026 earnings. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

The information in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such filing.

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​

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)           EXHIBITS

​	​		​
​	​		​
Exhibit Number	​		Description
​	​		​
99.1	​		Earnings press release issued by Arrow Electronics, Inc., dated November 5, 2026.
104	​		Cover Page Interactive Data File (embedded within the Inline XBRL document).
	​
​		​		​

​

​

​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​	​	​	​
​	​	ARROW ELECTRONICS, INC.
​	​	​	​
​	​	​	​
Date:	November 5, 2026	By:	/s/ Carine Jean-Claude
​	​	Name:	Carine Jean-Claude
​	​	Title:	Senior Vice President, Chief Legal and Compliance Officer, and Secretary

​

​ ​ ​ ​	​
ARROW ELECTRONICS, INC. 9151 EAST PANORAMA CIRCLE CENTENNIAL, CO 80112 303-824-4000	​	NEWS

​

Exhibit 99.1

Arrow Electronics Reports Record Quarterly Revenue and EPS

--Total Revenue of $10.7 billion, up 39% Year-over-Year, Above High End of Guidance--

--Diluted EPS of $6.17 and Non-GAAP Diluted EPS of $6.22, Both Above High End of Guidance--

CENTENNIAL, Colo.--(BUSINESS WIRE)- Nov. 5, 2026--Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its third quarter of 2026.

“Arrow delivered record quarterly revenue and EPS in the third quarter, with strong momentum across both our Global Components and Global Enterprise Computing Solutions businesses, demonstrating the power of our diversified business model,” said Bill Austen, Arrow’s interim chief executive officer. “Global Components continues to benefit from broad-based demand across geographies, customer segments and industry verticals, with a growing backlog and book-to-bill ratios well above parity. Global Enterprise Computing Solutions also experienced robust demand as customers continue to modernize their technology environments through investments in AI, cloud, cybersecurity and hybrid infrastructure solutions.”

“These results reflect the strength of our scalable operating model, disciplined execution and continued focus on expanding higher-margin, value-added services. We remain committed to strengthening our competitive position and broadening our capabilities to capture attractive growth opportunities. Supported by our solid financial foundation and disciplined approach to capital allocation, we are confident that Arrow is well positioned to deliver sustainable, profitable growth and create long-term value for all of our stakeholders.”

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Arrow Consolidated

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​ ​ ​

Quarter Ended

​ ​ ​

Nine Months Ended

​

​

​

October 3,

​

​

September 27,

​

​

​

​

​

October 3,

​

​

September 27,

​

​

​

(in millions except per share data)

​ ​ ​

​

2026

​ ​ ​

​

2025

​ ​ ​

Change

​ ​ ​

​ ​ ​

​

2026

​ ​ ​

​

2025

​ ​ ​

Change

​ ​ ​

Consolidated sales

​

$

10,718

​

$

7,713

​

39

%

​

$

30,184

​

$

22,107

​

37

%

Net income attributable to shareholders

​

318

​

109

​

192

%

​

826

​

377

​

119

%

Net income per diluted share

​

​

6.17

​

​

2.09

​

196

%

​

​

15.97

​

​

7.19

​

122

%

Non-GAAP net income attributable to shareholders (1)

​

​

321

​

​

126

​

155

%

​

​

874

​

​

348

​

151

%

Non-GAAP net income per diluted share (1)

​

​

6.22

​

​

2.41

​

158

%

​

​

16.89

​

​

6.64

​

154

%

​

In the third quarter of 2026, sales increased 39 percent year over year on both an actual and constant currency basis. Changes in foreign currencies had a negative impact of $10.3 million on sales and a positive impact of $0.02 on earnings per share on a diluted basis compared to the third quarter of 2025.

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Global Components

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Quarter Ended

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Nine Months Ended

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​

​

October 3,

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September 27,

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​

​

​

​

October 3,

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​

September 27,

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(in millions)

​

​

2026

​

​

2025

​

Change

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​

​

2026

​ ​ ​

​

2025

​ ​ ​

Change

​ ​ ​

Global Components sales

​

$

7,943

​

$

5,556

​

43

%

​

$

21,949

​

$

15,619

​

41

%

Global Components operating income

​

413

​

197

​

109

%

​

1,173

​

556

​

111

%

Global Components non-GAAP operating income (1)

​

​

413

​

​

199

​

107

%

​

​

1,175

​

​

561

​

109

%

​

In the third quarter of 2026, Global Components sales increased 43 percent year over year on both an actual and constant currency basis. Americas Components third-quarter sales increased 58 percent year over year. EMEA Components third-quarter sales increased 41 percent year over year and increased 42 percent year over year on a constant currency basis. Asia-Pacific Components third-quarter sales increased 33 percent year over year.

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	​	1

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​ ​ ​ ​	​
ARROW ELECTRONICS, INC. 9151 EAST PANORAMA CIRCLE CENTENNIAL, CO 80112 303-824-4000	​	NEWS

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Global Enterprise Computing Solutions ("ECS")

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Quarter Ended

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Nine Months Ended

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​

​

October 3,

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September 27,

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​

​

October 3,

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​

September 27,

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(in millions)

​

​

2026

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2025

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Change

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​

2026

​ ​ ​

​

2025

​ ​ ​

Change

​ ​ ​

Global ECS sales

​

$

2,775

​

$

2,156

​

29

%

​

$

8,235

​

$

6,487

​

27

%

Global ECS operating income

​

98

​

64

​

54

%

​

287

​

238

​

21

%

Global ECS non-GAAP operating income (1)

​

​

99

​

​

65

​

53

%

​

​

290

​

​

241

​

20

%

​

In the third quarter of 2026, Global ECS sales increased 29 percent year over year and increased 30 percent year over year on a constant currency basis. Global ECS gross billings increased 14 percent year over year. Global ECS third-quarter operating income increased 54 percent and non-GAAP operating income increased 53 percent year over year. EMEA ECS third-quarter sales increased 30 percent year over year and increased 32 percent year over year on a constant currency basis. Americas ECS third-quarter sales increased 27 percent year over year.

Other Financial Information

In the third quarter of 2026, Arrow used $441 million of cash flow from operations, primarily due to working capital investments to support customer demand. The company also repurchased $93 million of shares during the third quarter.

​

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

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	​	2

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Fourth-Quarter 2026 Outlook

● Consolidated sales of $11.55 billion to $12.15 billion, with Global Components sales of $8.15 billion to $8.55 billion, and Global ECS sales of $3.40 billion to $3.60 billion

● Net income per share on a diluted basis of $6.25 to $6.45, and non-GAAP net income per share on a diluted basis of $7.00 to $7.20

● Average tax rate in the range of 23 percent to 25 percent

● Interest expense of approximately $50 million

● Changes in foreign currencies to decrease sales by approximately $88 million, and earnings per share on a diluted basis by $0.14 compared to the fourth quarter of 2025

● Changes in foreign currencies to decrease quarter-over-quarter growth in sales by $86 million, and earnings per share on a diluted basis to decrease by $0.07 compared to the third quarter of 2026

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Fourth-Quarter 2026 GAAP to non-GAAP Outlook Reconciliation

NON-GAAP SALES RECONCILIATION

​

Quarter Ended

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​

Quarter Ended

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​

​

​

December 31,

​ ​ ​

December 31,

​ ​ ​

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​ ​ ​

December 31,

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October 3,

​

​

(in billions)

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

% Change

​ ​ ​

2026

​ ​ ​

2026

​ ​ ​

% Change

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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​

Global Components sales, GAAP

​

$

8.15 - 8.55

​

$

5.88

39% - 45%

​

$

8.15 - 8.55

​

$

7.94

3% - 8%

Impact of changes in foreign currencies

​

—

​

(0.02)

​

​

—

​

(0.04)

​

Global Components sales, constant currency

​

$

8.15 - 8.55

​

$

5.86

39% - 46%

​

$

8.15 - 8.55

​

$

7.90

3% - 8%

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​

​

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​

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​

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Global ECS sales, GAAP

​

$

3.40 - 3.60

​

$

2.86

19% - 26%

​

$

3.40 - 3.60

​

$

2.78

23% - 30%

Impact of changes in foreign currencies

​

—

​

(0.06)

​

​

—

​

(0.04)

​

Global ECS sales, constant currency

​

$

3.40 - 3.60

​

$

2.80

21% - 29%

​

$

3.40 - 3.60

​

$

2.74

24% - 31%

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NON-GAAP EARNINGS RECONCILIATION

​

​ ​ ​

​

Reported

​ ​ ​

Intangible amortization

​ ​ ​

Restructuring &

​ ​ ​

​

​

​

​

​

GAAP measure

expense

integration charges

​

​

Non-GAAP measure

Net income per diluted share

​

​

$6.25 to $6.45

​

​

$0.07

​

​

$0.68

​

​

$7.00 to $7.20

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​	​	​
	​	3

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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 third-quarter 2026 financial results on Nov. 5, 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/511113055. 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 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 represents amounts invoiced to customers for goods and services during a specified period and does 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

This press release includes “forward-looking statements,” as the term is defined under the federal securities laws. Forward-looking statements are those statements which are not statements of historical or current fact. These forward-looking statements can be identified by forward-looking words such as “expects,” “anticipates,” “intends,” “plans,” “may,” “will,” “would,” “could,” “believes,” “seeks,” “projected,” “potential,” “estimates,” and similar expressions. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which could cause actual results or facts to differ materially from such statements for a variety of reasons, including, but not limited to: unfavorable economic conditions or changes, including those that may occur in connection with recession, inflation, tax rates, foreign currency exchange rates, or the availability of capital; impacts of military conflict and sanctions; political instability and changes; trade protection measures, tariffs, increased trade tensions, trade agreements and policies, and other restrictions, duties, and value-added taxes, and the associated macroeconomic impacts; disruptions, shortages, or inefficiencies in the supply chain; non-compliance with certain laws, regulations, or executive orders, such as trade, export, antitrust, and anti-corruption laws, or regulatory restrictions relating to the company or its subsidiaries or the permissibility of third-parties to transact therewith; the inability to realize sufficient sales to cover non-cancellable purchase obligations under certain ECS distribution agreements; changes in product supply, pricing, and customer demand; increased profit-margin pressure resulting from industry conditions, competition, or other factors; other vagaries in the Global Components and the Global ECS markets; management transitions; changes to applicable laws, regulations, executive orders, or rules relating to government contractors and the resulting legal and reputational exposure, including but not limited to those relating to artificial intelligence, environmental, social, governance, cybersecurity, and data privacy issues; changes in relationships with key suppliers; commercial disputes, patent infringement claims, product liability lawsuits, or other legal proceedings; foreign tax and other loss contingencies; failure, disruption, or compromise of the company’s information systems or those of a third-party service provider, including unauthorized use or disclosure of company, supplier, or customer information; outbreaks, epidemics, pandemics, or public health crises; the effects of natural or man-made catastrophic events; and the company’s ability to generate positive cash flow. For a further discussion of these and other factors that could cause the company's future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the company's most recent Quarterly Report on Form 10-Q and the company's most recent Annual Report on Form 10-K, as well as in other filings the company makes with the Securities and Exchange Commission. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak

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	​	4

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only as of the date on which they are made. The company undertakes no obligation to update publicly or revise any of the forward-looking statements.

Certain Non-GAAP Financial Information

In addition to disclosing financial results that are determined in accordance with accounting principles generally accepted in the United States (“GAAP”), the company also provides certain non-GAAP financial information. The company provides the following non-GAAP metrics: sales, gross profit, operating income (including by business segment), income before income taxes, provision for income taxes, consolidated net income, noncontrolling interests, net income attributable to shareholders, effective tax rate, and net income per share on a diluted basis. The foregoing non-GAAP measures are adjusted by certain of the following, as applicable: impact of changes in foreign currencies (referred to as “changes in foreign currencies” or “on a constant currency basis”) by re-translating prior-period results at current period foreign exchange rates; identifiable intangible asset amortization; restructuring, integration, and other; net gains (losses) on investments; inventory recoveries related to the wind down of a business within Global Components (“impact of wind down”); tax adjustments related to the wind down of a business; and employee severance and benefits costs not related to restructuring initiative presented in cost of sales. Management believes that providing this additional information is useful to better assess and understand the company’s operating performance and future prospects in the same manner as management, especially when comparing results with previous periods. Management typically monitors the business as adjusted for these items, in addition to GAAP results, to understand and compare operating results across accounting periods, for internal budgeting purposes, for short- and long-term operating plans, and to evaluate the company's financial performance. However, analysis of results on a non-GAAP basis should be used as a complement to, in conjunction with, and not as a substitute for, data presented in accordance with GAAP.

​	​	​
Contacts	​ ​ ​	​
Investors:	​	Michael Nelson,
​	​	Vice President, Investor Relations
​	​	720-654-9893
​	​	​
Media:	​	John Hourigan,
​	​	Vice President, Public Affairs and Corporate Marketing
​	​	303-824-4586

​

​

​

​

​	​	​
	​	5

​

​

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except per share data)

(Unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended

​

Nine Months Ended

​

​ ​ ​

​

October 3, 2026

​ ​ ​

​

September 27, 2025

​ ​ ​

​

October 3, 2026

​ ​ ​

​

September 27, 2025

​

​

​

​

​

​

​

​

​

​

​

​

​

Sales

​

$

10,717,739

​

$

7,712,541

​

$

30,183,524

​

$

22,106,505

Cost of sales

​

9,558,407

​

6,877,227

​

26,808,523

​

19,648,542

Gross profit

​

1,159,332

​

835,314

​

3,375,001

​

2,457,963

Operating expenses:

​

​

​

​

​

​

​

​

Selling, general, and administrative

​

688,168

​

587,866

​

2,032,447

​

1,751,172

Depreciation and amortization

​

35,873

​

32,793

​

107,525

​

103,765

Restructuring, integration, and other

​

5,034

​

35,648

​

65,837

​

74,880

​

​

729,075

​

656,307

​

2,205,809

​

1,929,817

Operating income

​

430,257

​

179,007

​

1,169,192

​

528,146

Equity in earnings of affiliated companies

​

1,693

​

463

​

4,654

​

1,124

Gain on investments, net

​

2,893

​

4,859

​

9,145

​

108,975

Post-retirement expense

​

(999)

​

(664)

​

(2,960)

​

(1,950)

Interest and other financing expense, net

​

(40,138)

​

(54,875)

​

(125,919)

​

(171,340)

Income before income taxes

​

393,706

​

128,790

​

1,054,112

​

464,955

Provision for income taxes

​

75,175

​

19,528

​

226,716

​

88,807

Consolidated net income

​

318,531

​

109,262

​

827,396

​

376,148

Noncontrolling interests

​

156

​

69

​

1,204

​

(514)

Net income attributable to shareholders

​

$

318,375

​

$

109,193

​

$

826,192

​

$

376,662

Net income per share:

​

​

​

​

​

​

​

​

Basic

​

$

6.25

​

$

2.11

​

$

16.14

​

$

7.25

Diluted

​

$

6.17

​

$

2.09

​

$

15.97

​

$

7.19

Weighted-average shares outstanding:

​

​

​

​

​

​

​

​

Basic

​

50,953

​

51,695

​

51,195

​

51,935

Diluted

​

51,615

​

52,141

​

51,721

​

52,381

​

​

​

​

​

​

​

​	​	​
	​	6

​

​

ARROW ELECTRONICS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands except par value)

(Unaudited)

​	​	​	​	​	​	​
​	​ ​ ​	​	October 3,	​ ​ ​	​	December 31,
​	​	​	2026	​	​	2025
​	​	​	​	​	​	​
ASSETS		​	​		​	​
Current assets:		​	​		​	​
Cash and cash equivalents	​	$	215,607	​	$	306,467
Accounts receivable, net	​		33,259,191	​		19,738,666
Inventories	​		7,305,982	​		5,081,863
Other current assets	​		871,546	​		533,035
Total current assets	​		41,652,326	​		25,660,031
Property, plant, and equipment, at cost:	​		​	​		​
Land	​		5,691	​		5,691
Buildings and improvements	​		208,288	​		199,433
Machinery and equipment	​		1,721,665	​		1,715,415
​	​		1,935,644	​		1,920,539
Less: Accumulated depreciation and amortization	​		(1,482,743)	​		(1,445,889)
Property, plant, and equipment, net	​		452,901	​		474,650
Investments in affiliated companies	​		61,852	​		59,315
Intangible assets, net	​		62,769	​		77,022
Goodwill	​		2,101,839	​		2,120,071
Other assets	​		715,608	​		687,049
Total assets	​	$	45,047,295	​	$	29,078,138
LIABILITIES AND EQUITY	​		​	​		​
Current liabilities:	​		​	​		​
Accounts payable	​	$	32,862,316	​	$	17,383,796
Accrued expenses	​		1,710,636	​		1,461,261
Short-term borrowings, including current portion of long-term debt	​		110,497	​		341
Total current liabilities	​		34,683,449	​		18,845,398
Long-term debt	​		2,641,483	​		3,084,715
Other liabilities	​		460,659	​		489,326
​	​	​	​	​	​	​
Equity:	​		​	​		​
Shareholders’ equity:	​		​	​		​
Common stock, par value $1:	​		​	​		​
Authorized - 160,000 shares in both 2026 and 2025	​		​	​		​
Issued - 56,135 and 55,838 shares in 2026 and 2025, respectively	​		56,135	​		55,838
Capital in excess of par value	​		624,987	​		586,993
Treasury stock (5,577 and 4,768 shares in 2026 and 2025, respectively), at cost	​		(651,824)	​		(483,571)
Retained earnings	​		7,378,284	​		6,552,092
Accumulated other comprehensive loss	​		(219,014)	​		(126,640)
Total shareholders’ equity	​		7,188,568	​		6,584,712
Noncontrolling interests	​		73,136	​		73,987
Total equity	​		7,261,704	​		6,658,699
Total liabilities and equity	​	$	45,047,295	​	$	29,078,138

​

​

​

​

​

​

​

​	​	​
	​	7

​

​

​

​

​

​

​

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

​

​	​	​	​	​	​	​
​	​	Quarter Ended
​	​ ​ ​	October 3, 2026		​ ​ ​	September 27, 2025
Cash flows from operating activities:		​	​		​	​
Consolidated net income:	​	$	318,531	​	$	109,262
Adjustments to reconcile consolidated net income to net cash used for operations:	​		​	​		​
Depreciation and amortization	​		35,873	​		32,793
Amortization of stock-based compensation	​		11,563	​		(9,752)
Equity in earnings of affiliated companies	​		(1,693)	​		(463)
Deferred income taxes	​		(26,920)	​		(66)
Gain on investments, net	​		(2,781)	​	​	(5,540)
Other	​		(622)	​		225
Change in assets and liabilities:	​		​	​		​
Accounts receivable, net	​		(5,294,432)	​		(395,610)
Inventories	​		(1,375,531)	​		18,776
Accounts payable	​		5,788,135	​		(78,464)
Accrued expenses	​		228,429	​		(12,657)
Other assets and liabilities	​		(121,961)	​		59,812
Net cash used for operating activities	​		(441,409)	​		(281,684)
Cash flows from investing activities:	​		​	​		​
Acquisition of property, plant, and equipment	​		(26,877)	​		(30,276)
Net cash used for investing activities	​		(26,877)	​		(30,276)
Cash flows from financing activities:	​		​	​	​	​
Change in short-term and other borrowings	​		(7,076)	​		(444,953)
Proceeds from long-term bank borrowings, net	​		586,630	​		751,880
Proceeds from exercise of stock options	​		82	​		226
Repurchases of common stock	​		(99,306)	​		(630)
Net cash provided by financing activities	​	​	480,330	​	​	306,523
Effect of exchange rate changes on cash	​		(41,068)	​		(2,921)
Net decrease in cash and cash equivalents	​		(29,024)	​		(8,358)
Cash and cash equivalents at beginning of period	​		244,631	​		221,970
Cash and cash equivalents at end of period	​	$	215,607	​	$	213,612

​

​

​

​

​

​	​	​
	​	8

​

​

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

​

​

​	​	​	​	​	​	​
​	​	Nine Months Ended
​	​ ​ ​	October 3, 2026		​ ​ ​	September 27, 2025
Cash flows from operating activities:		​	​		​	​
Consolidated net income:	​	$	827,396	​	$	376,148
Adjustments to reconcile consolidated net income to net cash provided by (used for) operations:	​		​	​		​
Depreciation and amortization	​		107,525	​		103,765
Amortization of stock-based compensation	​		33,978	​		20,448
Equity in earnings of affiliated companies	​		(4,654)	​		(1,124)
Deferred income taxes	​		(14,517)	​		5,185
Loss on disposition of businesses, net	​	​	22,830	​		—
Gain on investments, net	​		(8,827)	​		(109,435)
Other	​		(795)	​		(77)
Change in assets and liabilities:	​		​	​		​
Accounts receivable, net	​		(13,633,334)	​		(2,292,091)
Inventories	​		(2,251,808)	​		65,225
Accounts payable	​		15,543,508	​		1,871,455
Accrued expenses	​		341,010	​		(94,367)
Other assets and liabilities	​		(385,620)	​		(81,033)
Net cash provided by (used for) operating activities	​		576,692	​		(135,901)
Cash flows from investing activities:	​		​	​		​
Acquisition of property, plant, and equipment	​		(80,123)	​		(73,873)
Proceeds from settlement of net investment hedges	​	​	—	​		24,858
Proceeds from sale of investments in equity securities	​	​	—	​		100,000
Net cash (used for) provided by investing activities	​		(80,123)	​		50,985
Cash flows from financing activities:	​		​	​		​
Change in short-term and other borrowings	​		186	​		9,852
Repayments of long-term bank borrowings, net	​		(336,540)	​		338,223
Redemption of notes	​		—	​		(350,000)
Proceeds from exercise of stock options	​		10,513	​		3,427
Repurchases of common stock	​		(174,453)	​		(110,779)
Other	​		(153)	​		(148)
Net cash used for financing activities	​		(500,447)	​		(109,425)
Effect of exchange rate changes on cash	​		(86,982)	​		219,146
Net (decrease) increase in cash and cash equivalents	​		(90,860)	​		24,805
Cash and cash equivalents at beginning of period	​		306,467	​		188,807
Cash and cash equivalents at end of period	​	$	215,607	​	$	213,612

​

​

​

​

​

​

​

​	​	​
	​	9

​

​

​

​

​

ARROW ELECTRONICS, INC.

ECS Gross Billings

(In thousands)

(Unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Global Enterprise Computing Solutions - Gross Billings(1)

​

​ ​ ​

Quarter Ended

​ ​ ​

Nine Months Ended

​

​

​

October 3,

​

​

September 27,

​

​

​

​

​

October 3,

​

​

September 27,

​

​

​

​

​

​

2026

​

​

2025

​

% Change

​

​

​

2026

​

​

2025

​

% Change

​

Gross billings:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas ECS

​

$

2,907,324

​

$

2,713,373

​

7

%

​

$

8,560,299

​

$

7,564,869

​

13

%

EMEA ECS

​

3,028,245

​

2,476,599

​

22

%

​

9,664,888

​

7,404,025

​

31

%

Global ECS

​

$

5,935,569

​

$

5,189,972

​

14

%

​

$

18,225,187

​

$

14,968,894

​

22

%

(1) Refer to page 4 for discussion about key business metrics. Gross billings are not a substitute for revenue.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

b

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​	​	​
	​	10

​

​

ARROW ELECTRONICS, INC.

NON-GAAP SALES RECONCILIATION

(In thousands)

(Unaudited)

​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	Quarter Ended					​ ​ ​	​ ​ ​
​	​ ​ ​	October 3, 2026		​ ​ ​	September 27, 2025		​ ​ ​	% Change
​	​	​	​	​	​	​	​	​	​
Consolidated sales, as reported	​	$	10,717,739	​	$	7,712,541		39.0	%
Impact of changes in foreign currencies	​		—	​		(10,324)		​	​
Consolidated sales, constant currency	​	$	10,717,739	​	$	7,702,217		39.2	%
​	​	​	​	​	​	​	​	​	​
Global Components sales, as reported	​	$	7,942,592	​	$	5,556,392		42.9	%
Impact of changes in foreign currencies	​		—	​		4,146		​	​
Global Components sales, constant currency	​	$	7,942,592	​	$	5,560,538		42.8	%
​	​	​	​	​	​	​	​	​	​
Americas Components sales, as reported	​	$	2,703,157	​	$	1,708,840		58.2	%
Impact of changes in foreign currencies	​		—	​		114		​	​
Americas Components sales, constant currency	​	$	2,703,157	​	$	1,708,954		58.2	%
​	​	​	​	​	​	​	​	​	​
EMEA Components sales, as reported	​	$	2,036,976	​	$	1,443,607		41.1	%
Impact of changes in foreign currencies	​		—	​		(12,050)		​	​
EMEA Components sales, constant currency	​	$	2,036,976	​	$	1,431,557		42.3	%
​	​	​	​	​	​	​	​	​	​
Asia Components sales, as reported	​	$	3,202,459	​	$	2,403,945		33.2	%
Impact of changes in foreign currencies	​		—	​		16,082		​	​
Asia Components sales, constant currency	​	$	3,202,459	​	$	2,420,027		32.3	%
​	​	​	​	​	​	​	​	​	​
Global ECS sales, as reported	​	$	2,775,147	​	$	2,156,149		28.7	%
Impact of changes in foreign currencies	​		—	​		(14,470)		​	​
Global ECS sales, constant currency	​	$	2,775,147	​	$	2,141,679		29.6	%
​	​	​	​	​	​	​	​	​	​
Americas ECS sales, as reported	​	$	1,300,944	​	$	1,021,950		27.3	%
Impact of changes in foreign currencies	​		—	​		(1,104)		​	​
Americas ECS sales, constant currency	​	$	1,300,944	​	$	1,020,846		27.4	%
​	​	​	​	​	​	​	​	​	​
EMEA ECS sales, as reported	​	$	1,474,203	​	$	1,134,199		30.0	%
Impact of changes in foreign currencies	​		—	​		(13,366)		​	​
EMEA ECS sales, constant currency	​	$	1,474,203	​	$	1,120,833		31.5	%

​

​

​

​

​

​

​

​

​	​	​
	​	11

​

​

ARROW ELECTRONICS, INC.

NON-GAAP SALES RECONCILIATION

(In thousands)

(Unaudited)

​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	Nine Months Ended					​ ​ ​	​ ​ ​
​	​ ​ ​	October 3, 2026		​ ​ ​	September 27, 2025		​ ​ ​	% Change
​	​	​	​	​	​	​	​	​	​
Consolidated sales, as reported	​	$	30,183,524	​	$	22,106,505	​	36.5	%
Impact of changes in foreign currencies	​		—	​		356,672	​	​	​
Consolidated sales, constant currency	​	$	30,183,524	​	$	22,463,177	​	34.4	%
​	​	​	​	​	​	​	​	​	​
Global Components sales, as reported	​	$	21,948,552	​	$	15,619,012	​	40.5	%
Impact of changes in foreign currencies	​		—	​		217,692	​	​	​
Global Components sales, constant currency	​	$	21,948,552	​	$	15,836,704	​	38.6	%
​	​	​	​	​	​	​	​	​	​
Americas Components sales, as reported	​	$	7,469,825	​	$	4,984,932	​	49.8	%
Impact of changes in foreign currencies	​		—	​		905	​	​	​
Americas Components sales, constant currency	​	$	7,469,825	​	$	4,985,837	​	49.8	%
​	​	​	​	​	​	​	​	​	​
EMEA Components sales, as reported	​	$	5,740,939	​	$	4,210,552	​	36.3	%
Impact of changes in foreign currencies	​		—	​		176,167	​	​	​
EMEA Components sales, constant currency	​	$	5,740,939	​	$	4,386,719	​	30.9	%
​	​	​	​	​	​	​	​	​	​
Asia Components sales, as reported	​	$	8,737,788	​	$	6,423,528	​	36.0	%
Impact of changes in foreign currencies	​		—	​		40,620	​	​	​
Asia Components sales, constant currency	​	$	8,737,788	​	$	6,464,148	​	35.2	%
​	​	​	​	​	​	​	​	​	​
Global ECS sales, as reported	​	$	8,234,972	​	$	6,487,493	​	26.9	%
Impact of changes in foreign currencies	​		—	​		138,980	​	​	​
Global ECS sales, constant currency	​	$	8,234,972	​	$	6,626,473	​	24.3	%
​	​	​	​	​	​	​	​	​	​
Americas ECS sales, as reported	​	$	3,621,507	​	$	2,984,638	​	21.3	%
Impact of changes in foreign currencies	​		—	​		3,445	​	​	​
Americas ECS sales, constant currency	​	$	3,621,507	​	$	2,988,083	​	21.2	%
​	​	​	​	​	​	​	​	​	​
EMEA ECS sales, as reported	​	$	4,613,465	​	$	3,502,855	​	31.7	%
Impact of changes in foreign currencies	​		—	​		135,535	​	​	​
EMEA ECS sales, constant currency	​	$	4,613,465	​	$	3,638,390	​	26.8	%

​

​

​

​

​

​

​

​

​

​

​

​

​

​	​	​
	​	12

​

​

ARROW ELECTRONICS, INC.

NON-GAAP EARNINGS RECONCILIATION

(In thousands except per share data)

(Unaudited)

​

1

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended October 3, 2026

​

​ ​ ​

Reported

​ ​ ​

Intangible

​ ​ ​

Restructuring,

​ ​ ​

Impact of

​

​

Non

​ ​ ​

​

​

​ ​ ​

​

​

​

​

GAAP

​

amortization

​

Integration

​

Wind

​

​

recurring

​

​

​

​

Non-GAAP

​

​

measure

​

expense

​

and other

​

Down(1)

​

​

tax items

​

​

Other(2)

​

measure

Operating income

​

$

430,257

​

$

4,745

​

$

5,034

​

$

(3,939)

​

$

—

​

$

—

​

$

436,097

​

Income before income taxes

​

393,706

​

4,745

​

5,034

​

(3,939)

​

—

​

(2,893)

​

396,653

​

Provision for income taxes

​

75,175

​

1,160

​

1,083

​

(1,246)

​

—

​

(695)

​

75,477

​

Consolidated net income

​

318,531

​

3,585

​

3,951

​

(2,693)

​

—

​

(2,198)

​

321,176

​

Net income attributable to shareholders

​

$

318,375

​

$

3,585

​

$

3,951

​

$

(2,693)

​

$

—

​

$

(2,198)

​

$

321,020

​

Net income per diluted share (5)

​

$

6.17

​

$

0.07

​

$

0.08

​

$

(0.05)

​

$

—

​

$

(0.04)

​

$

6.22

​

Effective tax rate (6)

​

19.1

%

​

​

​

​

​

​

​

​

​

​

19.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended September 27, 2025

​

​ ​ ​

Reported

​ ​ ​

Intangible

​ ​ ​

Restructuring,

​ ​ ​

Impact of

​

​

Non

​ ​ ​

​

​

​ ​ ​

​

​

​

​

GAAP

​

amortization

​

Integration

​

Wind

​

​

recurring

​

​

​

​

Non-GAAP

​

​

measure

​

expense

​

and other

​

Down(1)

​

​

tax items(3)

​

​

Other(2)

​

measure

Operating income

​

$

179,007

​

$

4,766

​

$

35,648

​

$

(1,989)

​

$

—

​

$

—

​

$

217,432

​

Income before income taxes

​

128,790

​

4,766

​

35,648

​

(1,989)

​

—

​

(4,859)

​

162,356

​

Provision for income taxes

​

19,528

​

1,162

​

9,302

​

(629)

​

8,359

​

(1,166)

​

36,556

​

Consolidated net income

​

109,262

​

3,604

​

26,346

​

(1,360)

​

(8,359)

​

(3,693)

​

125,800

​

Net income attributable to shareholders

​

$

109,193

​

$

3,604

​

$

26,346

​

$

(1,360)

​

$

(8,359)

​

$

(3,693)

​

$

125,731

​

Net income per diluted share (5)

​

$

2.09

​

$

0.07

​

$

0.51

​

$

(0.03)

​

$

(0.16)

​

$

(0.07)

​

$

2.41

​

Effective tax rate (6)

​

15.2

%

​

​

​

​

​

​

​

​

​

​

22.5

%

​

​

​

​

​

​

​	​	​
	​	13

​

​

ARROW ELECTRONICS, INC.

NON-GAAP EARNINGS RECONCILIATION

(In thousands except per share data)

(Unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended October 3, 2026

​

​ ​ ​

Reported

​ ​ ​

Intangible

​ ​ ​

Restructuring,

​ ​ ​

Impact of

​

​

Non

​

​

​

​

​

​

​

​

GAAP

​

amortization

​

Integration

​

Wind

​

​

recurring

​

​

​

​

Non-GAAP

​

measure

expense

and other

​

Down(1)

​

​

tax items

​

​

Other(2)

​

​

measure

​

Operating income

​

$

1,169,192

​

$

14,263

​

$

65,837

​

$

(9,157)

​

$

—

​

$

—

​

$

1,240,135

​

Income before income taxes

​

1,054,112

​

14,263

​

65,837

​

(9,157)

​

—

​

(9,145)

​

1,115,910

​

Provision for income taxes

​

226,716

​

3,486

​

17,117

​

(2,897)

​

(1,230)

​

(2,196)

​

240,996

​

Consolidated net income

​

827,396

​

10,777

​

48,720

​

(6,260)

​

1,230

​

(6,949)

​

874,914

​

Noncontrolling interests

​

1,204

​

—

​

—

​

—

​

—

​

—

​

1,204

​

Net income attributable to shareholders

​

$

826,192

​

$

10,777

​

$

48,720

​

$

(6,260)

​

$

1,230

​

$

(6,949)

​

$

873,710

​

Net income per diluted share (5)

​

$

15.97

​

$

0.21

​

$

0.94

​

$

(0.12)

​

$

0.02

​

$

(0.13)

​

$

16.89

​

Effective tax rate (6)

​

21.5

%

​

​

​

​

​

​

​

​

​

​

21.6

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended September 27, 2025

​

​ ​ ​

Reported

​ ​ ​

Intangible

​ ​ ​

Restructuring,

​ ​ ​

Impact of

​

​

Non

​

​

​

​

​

​

​

GAAP

​

amortization

​

Integration

​

Wind

​

​

recurring

​

​

​

​

Non-GAAP

​

​

measure

​

expense

​

and other

​

Down(1)

​

​

tax items(3)

​

​

Other(4)

​

​

measure

Operating income

​

$

528,146

​

$

14,996

​

$

74,880

​

$

(6,628)

​

$

—

​

$

172

​

$

611,566

​

Income before income taxes

​

464,955

​

14,996

​

74,880

​

(6,628)

​

—

​

(108,803)

​

439,400

​

Provision for income taxes

​

88,807

​

3,686

​

19,400

​

(2,099)

​

8,143

​

(26,102)

​

91,835

​

Consolidated net income

​

376,148

​

11,310

​

55,480

​

(4,529)

​

(8,143)

​

(82,701)

​

347,565

​

Noncontrolling interests

​

(514)

​

156

​

—

​

—

​

—

​

—

​

(358)

​

Net income attributable to shareholders

​

$

376,662

​

$

11,154

​

$

55,480

​

$

(4,529)

​

$

(8,143)

​

$

(82,701)

​

$

347,923

​

Net income per diluted share (5)

​

$

7.19

​

$

0.21

​

$

1.06

​

$

(0.09)

​

$

(0.16)

​

$

(1.58)

​

$

6.64

​

Effective tax rate (6)

​

19.1

%

​

​

​

​

​

​

​

​

​

​

20.9

%

​

​

1

​

​

(1) Includes recoveries of inventory related to the wind down of a business.

(2) Other includes gain on investments, net.

(3) Includes impacts from tax settlements related to U.S. federal tax law changes enacted as part of the 2017 Tax Cuts and Jobs Act.

(4) Other includes gain on investments, net and employee severance and benefits costs not related to restructuring initiative presented in cost of sales.

(5) The sum of the components for non-GAAP diluted EPS, as adjusted may not agree to totals, as presented, due to rounding.

(6)  The items as shown in this table, represent the reconciling items for the tax rate as reported and as a non-GAAP measure.

​

​

​

​	​	​
	​	14

​

​

ARROW ELECTRONICS, INC.

SEGMENT INFORMATION

(In thousands)

(Unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Quarter Ended

​ ​ ​

Nine Months Ended

​

​ ​ ​

October 3,

​ ​ ​

September 27,

​ ​ ​

October 3,

​ ​ ​

September 27,

​

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2026

​ ​ ​

2025

Sales:

​

​

​

​

​

​

​

​

​

​

​

​

Global Components

​

$

7,942,592

​

$

5,556,392

​

$

21,948,552

​

$

15,619,012

Global ECS

​

2,775,147

​

2,156,149

​

8,234,972

​

6,487,493

Consolidated

​

$

10,717,739

​

$

7,712,541

​

$

30,183,524

​

$

22,106,505

Operating income:

​

​

​

​

​

​

​

​

Global Components (a)

​

$

413,032

​

$

197,355

​

$

1,172,826

​

$

555,548

Global ECS (b)

​

98,218

​

63,744

​

287,331

​

238,027

Segment operating income

​

$

511,250

​

$

261,099

​

$

1,460,157

​

$

793,575

Corporate operating expenses (c)

​

(80,993)

​

(82,092)

​

(290,965)

​

(265,429)

Consolidated

​

$

430,257

​

$

179,007

​

$

1,169,192

​

$

528,146

​

(a) Global Components operating income includes $3.9 million and $9.2 million in inventory recoveries related to the wind down of a business for the third quarter and first nine months of 2026, respectively, and $2.0 million and $6.6 million in inventory recoveries related to the wind down of a business for the third quarter and first nine months of 2025, respectively.

(b) Global ECS operating income includes costs related to the underperformance of certain non-cancellable multi-year purchase obligations, where the quarterly fee was in excess of the margin realized, in the amount of $3.8 million and $52.1 million for the third quarter and first nine months of 2026, respectively, and $12.6 million and $18.3 million, for the third quarter and first nine months of 2025, respectively.

(c) Corporate unallocated operating expenses includes restructuring, integration, and other charges of $5.0 million and $65.8 million for the third quarter and first nine months of 2026, respectively, and $35.6 million and $74.9 million for the third quarter and first nine months of 2025, respectively.

​

​

​	​	​
	​	15

​

​

ARROW ELECTRONICS, INC.

NON-GAAP SEGMENT RECONCILIATION

(In thousands)

(Unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Quarter Ended

​ ​ ​

Nine Months Ended

​

​

​ ​ ​

October 3,

​ ​ ​

September 27,

​ ​ ​

October 3,

​ ​ ​

September 27,

​

​

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2026

​ ​ ​

2025

​

Global Components gross profit, as reported

​

$

878,761

​

$

609,101

​

$

2,542,012

​

$

1,755,500

​

Impact of wind down to inventory

​

(3,939)

​

(1,989)

​

(9,157)

​

(6,628)

​

Other

​

​

—

​

​

—

​

​

—

​

​

172

​

Global Components non-GAAP gross profit

​

$

874,822

​

$

607,112

​

$

2,532,855

​

$

1,749,044

​

Global Components gross profit as a percentage of sales, as reported

​

​

11.1

%

​

11.0

%

​

11.6

%

​

11.2

%

Global Components non-GAAP gross profit as a percentage of sales

​

​

11.0

%

​

10.9

%

​

11.5

%

​

11.2

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Global ECS gross profit, as reported

​

$

280,571

​

$

226,213

​

$

832,989

​

$

702,463

​

Global ECS gross profit as a percentage of sales, as reported

​

​

10.1

%

​

10.5

%

​

10.1

%

​

10.8

%

​

​

​

​

​

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	Quarter Ended					​ ​ ​	Nine Months Ended
​	​ ​ ​	October 3,		​ ​ ​	September 27,		​ ​ ​	October 3,		​ ​ ​	September 27,
​	​ ​ ​	2026		​ ​ ​	2025		​ ​ ​	2026		​ ​ ​	2025
Global Components operating income, as reported	​	$	413,032	​	$	197,355	​	$	1,172,826	​	$	555,548	​
Intangible assets amortization expense	​		3,817	​		3,838	​		11,478	​		12,221	​
Impact of wind down to inventory	​	​	(3,939)	​	​	(1,989)	​	​	(9,157)	​	​	(6,628)	​
Other	​		—	​		—	​		—	​		172	​
Global Components non-GAAP operating income	​	$	412,910	​	$	199,204	​	$	1,175,147	​	$	561,313	​
Global Components operating income as a percentage of sales, as reported	​	​	5.2	%	​	3.6	%	​	5.3	%	​	3.6	%
Global Components non-GAAP operating income as a percentage of sales	​	​	5.2	%	​	3.6	%	​	5.4	%	​	3.6	%
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Global ECS operating income, as reported	​	$	98,218	​	$	63,744	​	$	287,331	​	$	238,027	​
Intangible assets amortization expense	​		928	​		928	​		2,785	​		2,775	​
Global ECS non-GAAP operating income	​	$	99,146	​	$	64,672	​	$	290,116	​	$	240,802	​
Global ECS operating income as a percentage of sales, as reported	​	​	3.5	%	​	3.0	%	​	3.5	%	​	3.7	%
Global ECS non-GAAP operating income as a percentage of sales	​	​	3.6	%	​	3.0	%	​	3.5	%	​	3.7	%

​

​

14

​

NON-GAAP SEGMENT RECONCILIATIONS

​

​	​	​
	​	16

​

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 1.1 MB

Other Documents

• EX-101 EX-101.SCH 3.4 KB
• EX-101 EX-101.DEF 2.8 KB
• EX-101 EX-101.LAB 16.2 KB
• EX-101 EX-101.PRE 10.7 KB