Arrow Electronics : Q1 (1Q26 Earnings Presentation FINAL)

Published: 2026-05-07 08:56:11 ET ARW

Published on 05/07/2026 at 08:56 am EDT

Arrow Electronics

Earnings Presentation

First Quarter 2026

May 7, 2026

William Austen, Interim President and CEO

Raj Agrawal, Senior Vice President and CFO

Q1 2026 Highlights

CONSOLIDATED SALES

Up 39% Y/Y

OPERATING MARGIN1

4.2 Percent Up 160 bps Y/Y

DILUTED EARNINGS PER SHARE1

Up 190% Y/Y

Revenue and EPS exceeded high end of guidance range

Leading indicators continue to improve

Strong operational momentum

Additional Q1 2026 financial information:

$401 million operating income1

$270 million net income1

23.1% return on working capital1

13.4% return on invested capital1

Figures are Non-GAAP.

See reconciliation to comparable GAAP figures in the tables at the end of this presentation

Why Arrow

As the premier distributor of technology solutions, we guide innovation forward

Strong Position in Large and Growing Markets

Superior product distribution execution in the $250B+ "indirect" DTAM1,2

Expanding addressable market through increased mix shift toward value-added offerings

Differentiated Capabilities Driving Profitable Growth

Extending foundational product distribution capabilities into adjacent, higher margin value-added services

Increased productivity through simplifying operations

Diversified Business Model Provides Financial Flexibility

Combination of Global Components and ECS is a strategic advantage

Strong balance sheet

Consistent free cash flow generation

Focused Capital Allocation

Strategy

Reinvest in organic growth

Strategic M&A

Return excess capital to shareholders

Maintain investment-grade credit rating

1 Source: IDC, OMDIA, and Arrow analysis.

2 DTAM: Distribution Total Addressable Market 4

Overview

Disciplined execution through recovery

Deliver profitable growth

Increase mix of higher margin value-added services

Improving profitability, diversified business model and focused capital allocation

Q1 2026 Financial Metrics

$ in millions except for EPS

Sales & Non-GAAP Gross Margin1

$6,814

11.3%

11.5%

$8,746 $9,474

Non-GAAP Operating Expenses1

$669 $687

$593

76.8%

63.2%

66.5%

Q1 '25 Q4 '25 Q1 '26

ECS

Q1 '25 Q4 '25 Q1 '26

Non-GAAP Operating Income1

$401

Non-GAAP Diluted EPS1

$5.22

$336

$179

2.6%

3.8%

4.2%

$4.39

$1.80

Q1 '25 Q4 '25 Q1 '26 Q1 '25 Q4 '25 Q1 '26

Interest and other expense, net in Q1'26 was $48 million

Non-GAAP Effective Tax Rate was 23.0%1

1 See reconciliation to comparable GAAP figures in the tables at the end of this presentation

Q1 2026 Enterprise Computing Solutions

$ in millions

Sales & Non-GAAP Gross Margin1

$2,833

Non-GAAP Operating Income1

$105

$2,036

$1,733

10.8%

10.0%

12.2%

$73

$78

4.2%

3.8%

3.7%

Q1 '24 Q1 '25 Q1 '26 Q1 '24 Q1 '25 Q1 '26

EMEA

Secular demand trends around AI driving strength across technology categories:

Hybrid cloud

Infrastructure software

Cybersecurity

Data protection

Data intelligence

Higher mix of hardware sales as lead times extend

Arrow well positioned to deliver on-premise alternatives

Arrowsphere driving deeper engagement and recurring revenue volumes

1 See reconciliation to comparable GAAP figures in the tables at the end of this presentation

Q1 2026 Global Components

$ in millions

Sales & Non-GAAP Gross Margin1

$6,640

Non-GAAP Operating Income1

$365

$5,882

$4,778

10.9%

11.6%

12.1%

$219

$173

3.6%

3.7%

5.5%

Q1 '25 Q4 '25 Q1 '26 Q1 '25 Q4 '25 Q1 '26

Asia Pacific

Sustainable recovery driven by unit volume and breadth of demand:

Book-to-bill well above parity in all regions

Lead times modestly extended, but remain at manageable levels

Backlog grew in magnitude and duration

On a regional basis:

Americas - broad-based strength led by aerospace & defense, industrial, and transportation

EMEA - strength in industrial, transportation, and aerospace & defense

APAC - led by industrial and datacenter compute

Focus remains on profitable growth:

Regional and customer business mix improving

Value-added services delivering meaningful profit contribution

IP&E sales > $1 billion

Operational productivity driving leverage in P&L

1 See reconciliation to comparable GAAP figures in the tables at the end of this presentation

Q1 2026 Balance Sheet and Cash Highlights

Net Working Capital ($B)

26.0

19.7

12.4

4.8

6.4

5.1

7.4

5.7

6.9

10.9

17.4

166

24.7

Q1 '25 Q4 '25 Q1 '26

Cash Conversion (Days)

249

205

72 78

60 70

62 62

161

196

249

Cycle

Q1 '25 Q4 '25 Q1 '26

Inventory

Turns: 5.0 6.1 5.9

1See reconciliation to comparable GAAP figures in the tables at the end of this presentation

Amounts may not calculate precisely due to rounding 9

Q2 2026 Guidance

Consolidated Sales

$9.15 billion to $9.75 billion

Global Components

$6.80 billion to $7.20 billion

Global ECS

$2.35 billion to $2.55 billion

Diluted Earnings Per Share

$3.91 to $4.11

Non-GAAP Diluted Earnings Per Share 1

$4.32 to $4.52

Interest and other expense, net

Approximately $60 million

* Assumes an average tax rate in the range of 23% to 25%.

Changes in foreign currencies to increase sales by approximately $117 million, and earnings per share on a diluted basis by $0.11 compared to the second quarter of 2025

Changes in foreign currencies to increase quarter-over-quarter growth in sales by $21 million, and earnings per share on a diluted basis to increase by $0.03 compared to the first quarter of 2026

See reconciliation to comparable GAAP figures in the tables at the end of this presentation

Looking Forward

Strong execution driving operational momentum

Encouraging leading indicators

Expanding higher margin value-added services

Drive profitable growth

Positioned to deliver long-term shareholder value

Improving profitability

Diversified business model

Focused capital allocation

Ongoing CEO search

Thank You Q&A

Additional information and financial tables

Consolidated first-quarter overview

($ in millions, except per share data)

Q1 2026

Q1 2025

Y/Y CHANGE

Q1 2025 IN

CONSTANT CURRENCY

Y/Y CHANGE IN

CONSTANT CURRENCY

Q4 2025

Q/Q CHANGE

P&L Highlights*

Sales

$9,474

$6,814

39.0%

$7,088

33.7%

$8,746

8.3%

Gross Profit Margin

11.5%

11.4%

10 bps

11.4%

10 bps

11.5%

0 bps

Operating Income

$362

$159

128.1%

$165

118.5%

$294

23.0%

Operating Margin

3.8%

2.3%

150 bps

2.3%

150 bps

3.4%

40 bps

Non-GAAP Operating Income

$401

$179

124.2%

$187

114.2%

$336

19.1%

Non-GAAP Operating Margin

4.2%

2.6%

160 bps

2.6%

160 bps

3.8%

40 bps

Net Income

$235

$80

194.9%

$83

182.8%

$195

20.8%

Diluted EPS

$4.55

$1.51

201.3%

$1.58

188.0%

$3.75

21.3%

Non-GAAP Net Income

$270

$95

185.0%

$100

171.0%

$228

18.7%

Non-GAAP Diluted EPS

$5.22

$1.80

190.0%

$1.89

176.2%

$4.39

18.9%

Q1 2026

Q1 2025

Y/Y CHANGE

Q1 2025 IN

Y/Y CHANGE IN

Q4 2025

Q/Q CHANGE

CONSTANT

CURRENCY

Operating expenses

$729

$615

18.4%

$641

13.7%

$715

2.0%

Operating expenses margin

7.7%

9.0%

-130 bps

9.0%

-130 bps

8.2%

-50 bps

Non-GAAP Operating expenses

$687

$593

16.0%

$617

11.4%

$669

2.8%

Non-GAAP Operating expenses margin

7.3%

8.7%

-140 bps

8.7%

-140 bps

7.6%

-30 bps

Revenue history

($ in millions, may reflect rounding)

Q4'24

Q1'25

Q2'25

Q3'25

Q4'25

Q1'26

Global Components Total

4,814

4,778

5,285

5,556

5,882

6,640

Americas

1,604

1,569

1,708

1,709

1,960

2,312

Europe, Middle East & Africa

1,262

1,340

1,427

1,444

1,460

1,765

Asia Pacific

1,948

1,869

2,150

2,404

2,462

2,563

Enterprise Computing Solutions Total

2,469

2,036

2,295

2,156

2,864

2,833

Europe, Middle East & Africa

1,307

1,126

1,242

1,134

1,618

1,648

Americas

1,162

910

1,053

1,022

1,246

1,185

Arrow Electronics Total

7,283

6,814

7,580

7,713

8,746

9,474

YoY change

QoQ change

39%

13%

47%

18%

32%

21%

37%

39%

-1%

46%

30%

-5%

39%

Operating income history

Global Components ($M) Enterprise Computing Solutions ($M)

$188

$189

$97

$98

$104 $105

$77 $78

$64 $65

$364 $365

$219 $219

$197 $199

$171 $173

$187 $189

Q1-'25 Q2-'25 Q3-'25 Q4-'25 Q1-'26

See the reconciliation to comparable GAAP figures in the tables at the end of this presentation

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 relating to sales, gross profit, operating income (including by business segment), operating margin, operating expense, consolidated net income, noncontrolling interest, provision for income tax, income before income taxes, net income attributable to shareholders, effective tax rate, net income per share on a diluted basis, return on working capital, and return on invested capital.

These non-GAAP measures are adjusted by certain of the following, as applicable: the 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 charges, net gains and losses on investments, and the impact of wind down to inventory.

Management believes that providing this additional information is useful to the reader 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.

For a complete reconciliation between our GAAP and non-GAAP results, please refer to reconciliations found at the end of this document.

Second-quarter 2026 GAAP to non-GAAP outlook

reconciliation

($ in billions, except per share data)

NON-GAAP SALES RECONCILIATION

Quarter Ended Quarter Ended

4-Jul-26 28-Jun-25 % Change 4-Jul-26 4-Apr-26 % Change

Impact of changes in foreign currencies

0.07

Global components sales, constant currency

6.80 - 7.20

$ 5.35

27% - 34%

Global ECS sales, GAAP

2.35 - 2.55

$ 2.30

2% - 11%

$ 6.80 - 7.20

$ 6.64

2% - 8%

0.01

6.80 - 7.20

$ 6.65

2% - 8%

Global components sales, GAAP $ 6.80 - 7.20 $ 5.28 29% - 36%

$ 2.35 - 2.55 $ 2.83 (17)% - (10)%

Impact of changes in foreign currencies - 0.05 - 0.01

Global ECS sales, constant currency $ 2.35 - 2.55 $ 2.35 0% - 9% 2.35 - 2.55 $ 2.84

$ (17)% - (10)%

NON-GAAP SALES RECONCILIATION

REPORTED GAAP MEASURE

INTANGIBLE AMORTIZATION

EXPENSE

RESTRUCTURING & INTEGRATION

CHARGES

NON-GAAP MEASURE

Net income per diluted share

$3.91 to $4.11

$0.07

$0.34

$4.32 to $4.52

Non-GAAP first-quarter sales reconciliation

($ in thousands)

Quarter Ended

Consolidated sales, as reported

9,473,548

6,814,017

39.0%

Impact of changes in foreign currencies

273,514

Consolidated sales, constant currency

9,473,548

7,087,531

33.7%

Global components sales, as reported

6,640,335

4,777,722

39.0%

Impact of changes in foreign currencies

154,698

Global components sales, constant currency

6,640,335

4,932,420

34.6%

Americas components sales, as reported

2,312,147

1,568,570

47.4%

Impact of changes in foreign currencies

588

Americas components sales, constant currency

2,312,147

1,569,158

47.3%

EMEA components sales, as reported

1,765,179

1,340,001

31.7%

Impact of changes in foreign currencies

142,292

EMEA components sales, constant currency

1,765,179

1,482,293

19.1%

Asia components sales, as reported

2,563,009

1,869,151

37.1%

Impact of changes in foreign currencies

11,818

Asia components sales, constant currency

2,563,009

1,880,969

36.3%

Global ECS sales, as reported

2,833,213

2,036,295

39.1%

Impact of changes in foreign currencies

118,816

Global ECS sales, constant currency

2,833,213

2,155,111

31.5%

Americas ECS sales, as reported

1,185,050

909,903

30.2%

Impact of changes in foreign currencies

4,736

Americas ECS sales, constant currency

1,185,050

914,639

29.6%

EMEA ECS sales, as reported

1,648,163

1,126,392

46.3%

Impact of changes in foreign currencies

114,080

EMEA ECS sales, constant currency

1,648,163

1,240,472

32.9%

4-Apr-26 29-Mar-25 % Change

Quarterly GAAP to non-GAAP reconciliation

($ in thousands, except per share data)

Three months ended April 4, 2026

Intangible Amortization Restructuring & Integration

Includes write-downs (recoveries) of

Operating income

$ 361,602

$ 4,765

$ 36,664

$ (2,248)

$ -

$ 400,783

Income before income taxes

307,260

4,765

36,664

(2,248)

5,792

352,233

Provision for income taxes

71,230

1,164

8,052

(707)

1,391

81,130

Consolidated net income

236,030

3,601

28,612

(1,541)

4,401

271,103

Noncontrolling interests

924

Net income attributable to shareholders

$ 235,106

$ 3,601

$ 28,612

$ (1,541)

$ 4,401

$ 270,179

Net income per diluted share (3)

$ 4.55

$ 0.07

$ 0.55

$ (0.03)

$ 0.09

$ 5.22

Effective tax rate (4)

23.2%

23.0%

Reported GAAP measure

Expense

charges Impact of Wind Down (1) Other (2) Non-GAAP measure

inventory related to the wind down of

businesses.

Reported GAAP measure

Expense

charges

Impact of Wind Down (1)

Other (2)

Non-GAAP measure

Operating income

$ 158,553

$ 5,360

$ 17,313

$ (2,467)

$ -

$ 178,759

Income before income taxes

103,209

5,360

17,313

(2,467)

(140)

123,275

Provision for income taxes

23,345

1,316

4,351

(781)

(33)

28,198

Consolidated net income

79,864

4,044

12,962

(1,686)

(107)

95,077

Noncontrolling interests

144

132

276

Net income attributable to shareholders

$ 79,720

$ 3,912

$ 12,962

$ (1,686)

$ (107)

$ 94,801

Net income per diluted share (3)

$ 1.51

$ 0.07

$ 0.25

$ (0.03)

$ -

$ 1.80

Effective tax rate (4)

22.6%

22.9%

Three months ended March 29, 2025 Intangible Amortization Restructuring & Integration

Three months ended December 31, 2025

Other primarily includes (gain) loss on

investment, net.

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

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

Intangible Amortization Restructuring & Integration

Reported GAAP measure

Expense

charges

Impact of Wind Down (1)

Other (2)

Non-GAAP measure

Operating income

$ 294,077

$ 4,764

$ 41,239

$ (3,638)

$ -

$ 336,442

Income before income taxes

252,973

4,764

41,239

(3,638)

(913)

294,425

Provision for income taxes

59,427

1,163

8,523

(1,100)

(219)

67,794

Consolidated net income

193,546

3,601

32,716

(2,538)

(694)

226,631

Noncontrolling interests

(1,058)

Net income attributable to shareholders

$ 194,604

$ 3,601

$ 32,716

$ (2,538)

$ (694)

$ 227,689

Net income per diluted share (3)

$ 3.75

$ 0.07

$ 0.63

$ (0.05)

$ (0.01)

$ 4.39

Effective tax rate (4)

23.5%

23.0%

Gross profit and operating expense reconciliation

($ in thousands)

3/29/2025

6/28/2025

9/27/2025

12/31/2025

4/4/2026

Consolidated Gross Profit

773,992

848,657

835,314

1,008,756

1,090,460

Impact of wind down to inventory

(2,467)

(2,172)

(1,989)

(3,638)

(2,248)

Other

172

Consolidated non-GAAP gross profit

771,525

846,657

833,325

1,005,118

1,088,212

Consolidated gross profit, as a percentage of sales

11.4%

11.2%

10.8%

11.5%

Consolidated non-GAAP gross profit, as a percentage of sales

11.3%

11.2%

10.8%

11.5%

3/29/2025

6/28/2025

9/27/2025

12/31/2025

4/4/2026

Consolidated Operating Expense

615,439

658,071

656,307

714,678

728,858

Intangible Amortization Expense

(5,360)

(4,870)

(4,766)

(4,764)

(4,765)

Restructuring & Integration charges

(17,313)

(21,919)

(35,648)

(41,239)

(36,664)

Consolidated non-GAAP Operating Expense

592,766

631,282

615,893

668,675

687,429

Consolidated operating expense, as a percentage of gross profit

76.6%

74.4%

73.7%

66.3%

63.0%

Consolidated non-GAAP operating expense, as a percentage of gross profit

76.8%

74.6%

73.9%

66.5%

63.2%

3/29/2025

6/28/2025

9/27/2025

12/31/2025 4/4/2026

Americas ECS gross billings

2,307,737

2,543,759

2,713,373

3,041,843 $

2,959,611

EMEA ECS gross billings

2,331,216

2,596,209

2,476,599

4,039,437 3,473,712

Global ECS gross billings

4,638,954

5,139,968

5,189,972

7,081,280 $ 6,433,323

Return on working capital reconciliation

Consolidated operating income, as reported

$ 361,602

$ 158,553

Annualized consolidated operating income

$ 1,446,408

$ 634,212

Non-GAAP consolidated operating income

$ 400,783

$ 178,759

361,602

x4 1,446,408

158,553

x4 634,212

Annualized consolidated operating income

Non-GAAP consolidated operating income

400,783

1,603,132

178,759

715,036

($ in thousands)

Consolidated operating income, as reported

Accounts receivable, net

Inventories

Less: Accounts payable Working capital

25,961,193

5,722,706

24,739,718

6,944,181

12,423,635

4,798,563

10,870,733

6,351,465

Return on working capital

Return on working capital (Non-GAAP)

20.8%

23.1%

10.0%

11.3%

Annualized non-GAAP consolidated operating

income

$ 1,603,132

$ 715,036

Accounts receivable, net

25,961,193

12,423,635

Inventories

5,722,706

4,798,563

Less: Accounts payable

24,739,718

10,870,733

Working capital

6,942,943

6,351,465

Return on working capital

20.8%

10.0%

Return on working capital (Non-GAAP)

23.1%

11.3%

Annualized non-GAAP consolidated operating income

Return on invested capital reconciliation

($ in thousands)

Numerator:

Quarter Ended

April 4, 2026 March 29, 2025

Operating income, as reported, and non-GAAP operating income is adjusted for

Consolidated operating income, as reported $ 361,602 $ 158,553

noncontrolling interest and equity in earnings

Equity in earnings of affiliated companies (1)

896

1,320

ownership of non-wholly owned subsidiaries.

Less: Noncontrolling interests (1)

924

144

of affiliated companies to include the pro-rata

Consolidated operating income, as adjusted 361,574 159,729

The tax effect is calculated by applying the effective tax rate for the three months ended

Less: Tax effect (2)

84,045

36,151

April 4, 2026 and March 29, 2025 to

After-tax consolidated operating income, as adjusted

277,529

123,578

consolidated operating income, as adjusted.

Annualized after-tax consolidated operating income, as adjusted

$ 1,110,116

$ 494,312

Non-GAAP consolidated operating income

$ 400,783

$ 178,759

Equity in earnings of affiliated companies (1)

896

1,320

Less: Noncontrolling interests (1)

924

276

Non-GAAP consolidated operating income, as adjusted

400,755

179,803

Less: Tax effect (3)

92,503

41,206

After-tax non-GAAP consolidated operating income, as adjusted

308,252

138,597

Annualized after-tax non-GAAP operating income, as adjusted

$ 1,233,008

554,388

Denominator:

Average short-term borrowings, including current portion of long-term debt (4)

$ 56,856

440,473

Average long-term debt (4)

2,718,555

2,543,152

Average total equity (4)

6,737,210

5,914,473

Average cash and cash equivalents (4)

296,490

210,345

Invested capital

$ 9,216,131

$ 8,687,753

Return on invested capital 12.0% 5.7%

Return on invested capital (Non-GAAP) 13.4% 6.4%

The tax rate is adjusted to exclude the impacts

of interest expense, gain on investments, net, and employee benefit plan expense, net.

The tax effect is calculated by applying the non-GAAP effective tax rate for the three months ended April 4, 2026 and March 29, 2025 to non-GAAP consolidated operating income, as adjusted. The tax rate is adjusted to exclude the impacts of interest expense and employee benefit plan expense, net.

The quarter ended average is based on the addition of the account balance at the end of the most recently-ended quarter to the account balance at the end of the prior quarter and dividing by two.

Non-GAAP segment reconciliation

3/30/2024

3/29/2025

6/28/2025

9/27/2025

12/31/2025

4/4/2026

Global components operating income, as reported

$ 225,562

$ 171,385

$ 186,808

$ 197,355

$ 219,158

$ 363,520

Intangible assets amortization expense

6,488

4,438

3,945

3,838

3,837

Impact of wind down to inventory

10,459

(2,467)

(2,172)

(1,989)

(3,638)

(2,248)

Other

172

($ in thousands)

3/30/2024

3/29/2025

6/28/2025

9/27/2025

12/31/2025

4/4/2026

Global components operating income, as reported

225,562

171,385

186,808

197,355

219,158

363,520

Intangible assets amortization expense

6,488

4,438

3,945

3,838

3,837

Impact of wind down to inventory

10,459

(2,467)

(2,172)

(1,989)

(3,638)

(2,248)

Other

172

Global components non-GAAP operating income

$ 242,509

$ 173,356

$ 188,753

$ 199,204

$ 219,357

$ 365,109

Global components operating Margin

4.3%

3.6%

3.5%

3.6%

3.7%

5.5%

Global components non-GAAP Operating Margin

4.7%

3.6%

3.7%

5.5%

Global ECS operating income, as reported

71,459

77,314

96,969

63,744

187,884

103,738

Intangible assets amortization expense

1,058

922

925

928

927

928

Global ECS non-GAAP operating income

$ 72,517

$ 78,236

$ 97,894

$ 64,672

$ 188,811

$ 104,666

Global ECS Operating Margin

4.1%

3.8%

4.2%

3.0%

6.6%

3.7%

Global ECS non-GAAP Operating Margin

4.2%

3.8%

4.3%

3.0%

6.6%

3.7%

Global components non-GAAP operating income

$ 242,509

$ 173,356

$ 188,753

$ 199,204

$ 219,357

$ 365,109

Global ECS operating income, as reported

$ 71,459

$ 77,314

$ 96,969

$ 63,744

$ 187,884

$ 103,738

Intangible assets amortization expense

1,058

922

925

928

927

928

Global ECS non-GAAP operating income

$ 72,517

$ 78,236

$ 97,894

$ 64,672

$ 188,811

$ 104,666

Operating Margin

4.2%

3.8%

4.3%

6.6%

3.7%

Non-GAAP segment reconciliation (continued)

($ in thousands)

3/30/2024

12/31/2024

3/29/2025

6/28/2025

9/27/2025

12/31/2025

4/4/2026

$ 645,714

$ 497,324

$ 554,945

$ 591,454

$ 609,101

$ 647,154

$ 806,748

10,459

50,344

(2,467)

(2,172)

(1,989)

(3,638)

(2,248)

172

$ 656,173

$ 547,668

$ 552,478

$ 589,454

$ 607,112

$ 643,514

$ 804,500

12.4%

10.3%

11.6%

11.2%

11.0%

12.1%

12.6%

11.4%

11.6%

11.2%

10.9%

12.1%

$ 212,112 $ 305,986 $ 219,047 $ 257,203 $ 226,213 $ 361,602 $ 283,712

12.2% 12.4% 10.8% 11.2% 10.5% 12.6% 10.0%

Global components gross profit, as reported Impact of wind down to inventory

Other

Global components non-GAAP gross profit

Global components gross profit, as a percentage of sales

Global components non-GAAP gross profit, as a percentage of sales

Global ECS gross profit, as reported

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

res

Disclaimer

Arrow Electronics Inc. published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 12:55 UTC.