Jun 2026 (Q2 FY26) — Aug 6, 2026
Arrow Electronics Q2 FY26 — Strong Revenue Growth and EPS Beat
Read the full callArrow Electronics (ARW) earnings
- Jul 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Arrow Electronics earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9,992 | +31.8% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 3.8 | +1.3 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 273 | +45.3% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
21 of 23 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Effective Tax Rate | 23% to 25% | Mar 2026 | and our non-GAAP effective tax rate was 23%. | Achieved |
| Effective Tax Rate | 23% to 25% | Jun 2026 | We're estimating a tax rate in the range of 23% to 25% | New |
2 of ARROW ELECTRONICS, INC.'s 41 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 39 more targets are in the full ledger.
Claimed
- Total revenue of $10 billion, increased 32% year-over-year.
- Non-GAAP EPS of $5.45, representing a significant increase of 124% year-over-year.
- Operating margin expanded 120 basis points year-over-year to 4%.
- Global Components book-to-bill ratios remain well above parity, with backlog building into 2027.
- Global ECS backlog growth over 75% year-over-year, reaching an all-time high.
Qualified
- ECS non-GAAP operating margins declined 100 basis points year-over-year due to a $27 million charge related to restructuring underperforming multiyear contracts.
- Expects more charges in the second half of the year for ECS contract restructuring, albeit at a lesser pace.
Price
$220.17 −1.82% · −$4.09
Performance +90.0% 1Y
1Y: $115.85 on 14 Oct 2025 → $220.17. High $242.01 (2 Oct 2026), low $101.87 (20 Nov 2025).
- Previous close
- $224.26
- 52-week range
- $101.87 – $242.01
- One year
- +87.41%
Overview
- Symbol
- ARW
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
21 of 23 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Effective Tax Rate | 23% to 25% | Mar 2026 | and our non-GAAP effective tax rate was 23%. | Achieved |
| Effective Tax Rate | 23% to 25% | Jun 2026 | We're estimating a tax rate in the range of 23% to 25% | New |
Claimed
- Total revenue of $10 billion, increased 32% year-over-year.
- Non-GAAP EPS of $5.45, representing a significant increase of 124% year-over-year.
- Operating margin expanded 120 basis points year-over-year to 4%.
- Global Components book-to-bill ratios remain well above parity, with backlog building into 2027.
- Global ECS backlog growth over 75% year-over-year, reaching an all-time high.
Qualified
- ECS non-GAAP operating margins declined 100 basis points year-over-year due to a $27 million charge related to restructuring underperforming multiyear contracts.
- Expects more charges in the second half of the year for ECS contract restructuring, albeit at a lesser pace.
The full ledger
Open ARROW ELECTRONICS, INC.’s full ledger
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Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Arrow Q1 FY26 — Strong Revenue Growth and Margin Expansion Driven by Broad-Based Recovery
Read the full callEvery analysed call
Arrow Electronics earnings calls (ARW)
Financials
What the filings say
Net profit, year on year: +45% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,823 | 7,283 | 6,814 | 7,580 | 7,713 | 8,746 | 9,474 | 9,992 |
| Expenses | 610 | 608 | 615 | 658 | 656 | 715 | 729 | 748 |
| Operating profit | 175 | 195 | 159 | 191 | 179 | 294 | 362 | 377 |
| Operating margin | 2.6% | 2.7% | 2.3% | 2.5% | 2.3% | 3.4% | 3.8% | 3.8% |
| Profit before tax | 116 | 129 | 103 | 233 | 129 | 253 | 307 | 353 |
| Tax rate | 13.1% | 22.4% | 22.6% | 19.7% | 15.2% | 23.5% | 23.2% | 22.7% |
| Net profit | 101 | 99 | 80 | 188 | 109 | 195 | 235 | 273 |
| EPS ($ per share) | 1.90 | — | 1.53 | 3.62 | 2.11 | — | 4.58 | 5.32 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 125 | 125 | 125 | 125 | 125 | 58 | 56 | 56 |
| Reserves | 6,335 | 6,131 | 6,680 | 7,788 | 9,215 | 5,790 | 5,981 | 6,552 |
| Total liabilities | 12,408 | 11,534 | 11,905 | 14,195 | 16,152 | 15,849 | 15,926 | 22,419 |
| Fixed assets | 825 | 803 | 800 | 683 | 596 | 531 | 469 | 475 |
| Total assets | 17,784 | 16,401 | 17,054 | 19,536 | 21,763 | 21,726 | 21,758 | 29,078 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 273 | 858 | 1,360 | 419 | -33 | 705 | 1,130 | 64 |
| Cash from investing | -463 | -174 | -139 | -60 | -58 | -72 | -94 | 24 |
| Cash from financing | -37 | -906 | -1,227 | -463 | 110 | -666 | -957 | -206 |
| Net cash flow | -221 | -209 | 74 | -151 | -45 | 41 | -29 | 118 |
| Capital expenditure | -135 | -143 | -124 | -83 | -79 | -83 | -93 | -101 |
| Free cash flow | 137 | 715 | 1,236 | 336 | -112 | 622 | 1,038 | -37 |
ARW revenue by segment
Global Ecs shrank from 28% to 26% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Global Components | 72% | 66% | 70% | 70% | 72% | 67% | 70% | 74% | +39.4% |
| Global Ecs | 28% | 34% | 30% | 30% | 28% | 33% | 30% | 26% | +14.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- Non Us 65%
- Other Foreign 42%
- Americas 36% ↓ 3 pt
- US 35%
- EMEA 34% ↑ 3 pt
- Asia Pacific 30%
- China and Hong Kong 14%
- DE 10%
As ARW cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
70 filings between Feb 10, 2026 and Sep 30, 2026.
Open market
decisions to buy or sellPurchases
$601.4K
1 purchase by 1 insider
Sales
$14.65M
15 sales by 5 insiders
Compensation
not trading decisions- 20
- Award — granted as compensation
- 8
- Option exercise — converted options into shares
- 26
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Zech Gretchen | — | $9.17M | Jun 2, 2026 |
| Nowak Eric | — | $2.73M | May 20, 2026 |
| Jean-Claude Carine Lamercie | — | $2.14M | Sep 3, 2026 |
| Austen William F. | $601.4K | — | Feb 19, 2026 |
| Marano Richard John | — | $388.3K | Feb 17, 2026 |
| Kerin Andrew Charles | — | $229.1K | Feb 11, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Austen William F. Interim President and CEO | Tax withheld | 13,416 | $3.05M |
| Sep 16, 2026 | Austen William F. Interim President and CEO | Award | 23,619 | $0 |
| Sep 14, 2026 | Agrawal Rajesh K. SVP, Chief Financial Officer | Tax withheld | 4,414 | $943.9K |
| Sep 3, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Sale | 1,000 | $209.8K |
| Jun 2, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Option exercise | 14,331 | $1.16M |
| Jun 2, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Sale | 14,331 | $3.27M |
| Jun 2, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Sale | 6,600 | $1.51M |
| May 29, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Sale | 4,600 | $989.7K |
| May 22, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Sale | 3,000 | $648.0K |
| May 21, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Sale | 16,000 | $3.39M |
| May 20, 2026 | Nowak Eric President, Global ECS | Sale | 3,473 | $732.8K |
| May 12, 2026 | MCDOWELL MARY T Director | Award | 968 | $0 |
| May 12, 2026 | Chen Lawrence Liren Director | Award | 968 | $0 |
| May 12, 2026 | Gunby Steven Henry Director | Award | 1,713 | $0 |
| May 12, 2026 | SMITH GERRY P Director | Award | 968 | $0 |
| May 12, 2026 | Kerin Andrew Charles Director | Award | 968 | $0 |
| May 12, 2026 | Hayford Michael D Director | Award | 968 | $0 |
| May 12, 2026 | Lowe Carol P Director | Award | 968 | $0 |
| May 6, 2026 | HAMILTON GAIL Director | Option exercise | 1,694 | $0 |
| May 6, 2026 | MCDOWELL MARY T Director | Option exercise | 1,694 | $0 |
| May 6, 2026 | Kerin Andrew Charles Director | Option exercise | 1,694 | $0 |
| Feb 23, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Option exercise | 1,891 | $155.0K |
| Feb 23, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Sale | 2,187 | $349.9K |
| Feb 23, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Sale | 1,891 | $302.6K |
| Feb 23, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Option exercise | 2,187 | $161.5K |
| Feb 20, 2026 | Agrawal Rajesh K. SVP, Chief Financial Officer | Tax withheld | 990 | $155.5K |
| Feb 20, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Tax withheld | 713 | $112.0K |
| Feb 20, 2026 | Marano Richard John President, Global Components | Tax withheld | 548 | $86.1K |
| Feb 20, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Tax withheld | 404 | $63.4K |
| Feb 20, 2026 | Brewbaker Brandon Michael VP, CAO, & CFP&A | Tax withheld | 79 | $12.4K |
| Feb 19, 2026 | Austen William F. Interim President and CEO | Purchase | 3,960 | $601.4K |
| Feb 17, 2026 | Marano Richard John President, Global Components | Sale | 2,500 | $388.3K |
| Feb 13, 2026 | Brewbaker Brandon Michael VP, CAO, & CFP&A | Tax withheld | 75 | $11.7K |
| Feb 13, 2026 | Brewbaker Brandon Michael VP, CAO, & CFP&A | Tax withheld | 55 | $8.6K |
| Feb 13, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Tax withheld | 643 | $100.4K |
| Feb 13, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Tax withheld | 374 | $58.4K |
| Feb 13, 2026 | Zech Gretchen SVP, Chief Gov, Sust, HR Offr | Tax withheld | 660 | $103.1K |
| Feb 13, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Tax withheld | 300 | $46.9K |
| Feb 13, 2026 | Marano Richard John President, Global Components | Tax withheld | 253 | $39.5K |
| Feb 13, 2026 | Marano Richard John President, Global Components | Tax withheld | 226 | $35.3K |
| Feb 13, 2026 | Agrawal Rajesh K. SVP, Chief Financial Officer | Tax withheld | 916 | $143.1K |
| Feb 11, 2026 | Brewbaker Brandon Michael VP, CAO, & CFP&A | Tax withheld | 86 | $13.6K |
| Feb 11, 2026 | Brewbaker Brandon Michael VP, CAO, & CFP&A | Tax withheld | 149 | $23.5K |
| Feb 11, 2026 | Brewbaker Brandon Michael VP, CAO, & CFP&A | Award | 302 | $0 |
| Feb 11, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Tax withheld | 484 | $76.4K |
| Feb 11, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Tax withheld | 782 | $123.4K |
| Feb 11, 2026 | Jean-Claude Carine Lamercie SVP, CLCO and Secretary | Award | 1,709 | $0 |
| Feb 11, 2026 | Marano Richard John President, Global Components | Tax withheld | 975 | $153.9K |
| Feb 11, 2026 | Marano Richard John President, Global Components | Tax withheld | 554 | $87.4K |
| Feb 11, 2026 | Marano Richard John President, Global Components | Award | 1,206 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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