ARW · Arrow Electronics, Inc.
Price & Indicators
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AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Arrow delivered a strong Q2 2026 with 32% revenue growth, 120 bps operating margin expansion, and 124% non-GAAP EPS growth, but a $27M charge in the ECS segment pressured that segment's margins by 100 bps.
- + Q2 total revenue grew 32% year-over-year to $10 billion, exceeding expectations. new
- + Non-GAAP EPS of $5.45 increased 124% year-over-year. new
- + Operating margin expanded 120 basis points year-over-year to 4%.
- + Book-to-bill ratios improved further and remain well above parity, with backlog building into 2027. new
- − A $27M charge in the ECS segment drove a 100 bps year-over-year decline in ECS operating margin. new
- − Additional ECS-related charges are expected in the second half of the year as further restructuring occurs. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Cash flow from operations | 318M | Q2 FY2026 | — |
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| Global Components non-GAAP operating income non-GAAP | 397M | Q2 FY2026 | — |
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GAAP → non-GAAP reconciliationGAAP Global Components operating income, as reported $396.28M
+$3.82M Intangible assets amortization expense
-$2.97M Impact of wind down to inventory
+$0K Other
= Global Components non-GAAP operating income $397.13M
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| Global ECS gross billings | 5.86B | the three months ended July 4, 2026 filing | — |
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| Global ECS gross billings change | 14% | Q2 FY2026 | — |
| Global ECS non-GAAP operating income non-GAAP | 86M | Q2 FY2026 | — |
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GAAP → non-GAAP reconciliationGAAP Global ECS operating income, as reported $85.38M
+$929K Intangible assets amortization expense
= Global ECS non-GAAP operating income $86.3M
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| Share repurchases | 43M | Q2 FY2026 | — |
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| Americas ECS Gross billings | 2.96B | Quarter Ended April 4, 2026 | — |
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| EMEA ECS Gross billings | 3.47B | Quarter Ended April 4, 2026 | — |
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| Consolidated sales, constant currency non-GAAP | 8.75B | Quarter Ended December 31, 2025 | — |
| Global components sales, constant currency non-GAAP | 5.88B | Quarter Ended December 31, 2025 | — |
| Non-GAAP net income attributable to shareholders non-GAAP | $576M | FY2025 | — |
| Non-GAAP net income per diluted share non-GAAP | $11.02 | FY2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Electronics & Computer Distribution — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ARW
this stock
Arrow Electronics, Inc.
|
$10.41B | +85.5% | +10.5% | 13.1 | 2.5% |
|
SNX
Td Synnex Corp
|
$20.31B | +68.3% | +17.6% | 18.2 | 2.2% |
|
AVT
Avnet Inc
|
$7.35B | +86.3% | +24.5% | 22.3 | 9.7% |
|
NSIT
Insight Enterprises Inc
|
$4.57B | +92.7% | -5.2% | — | 4.0% |
|
CNXN
Pc Connection Inc
|
$2.01B | +38.3% | +2.5% | 21.1 | 1.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ARW | +1.3% | -5.7% | +46.1% | -5.6% | +85.5% |
| SPY | +0.5% | +1.2% | +13.3% | +2.7% | +12.5% |
| vs SPY | +0.8% | -7.0% | +32.8% | -8.3% | +73.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.