Earnings Releases·Nov 5, 2026, 7:32 AM ET

Arrow Electronics — Third Quarter 2026 Earnings Summary

Consolidated sales reached $10.7 billion (up 39% YoY) with net income of $318 million (up 192% YoY) and diluted EPS of $6.17 (up 196% YoY), driven by strong performance in Global Components ($7.9B, +43% YoY) and Global ECS ($2.8B, +29% YoY).
Fourth-quarter 2026 guidance projects consolidated sales between $11.55 billion and $12.15 billion, with diluted net income per share between $6.25 and $6.45 and non-GAAP diluted EPS between $7.00 and $7.20.
The company repurchased $93 million of shares during the quarter, while total debt decreased to $2.75 billion from $3.1 billion at the end of 2025.
Operating cash flow used $441 million due to working capital investments, resulting in significant increases in accounts receivable ($33.3 billion) and inventories ($7.3 billion).
Management cited broad-based demand and a diversified business model as key growth drivers, with Global Components book-to-bill ratios well above parity and Global ECS benefiting from AI and cloud infrastructure investments.