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Arrow Electronics, Inc. (ARW) stock

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NYSE: ARW NYSE Technology Distributors Next results ~November 5, 2026

B Fundamentals grade

Arrow Electronics, Inc. is a US-listed company in the technology distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$430

Cash-flow model

Base case. Range ~$320–$580 across our lower- and higher-growth cases (4.5%–14.5% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 112% above it.

Price used: $203.21, November 2, 2026

Arrow Electronics, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 5 selling1 purchase and 15 sales by directors and officers, last 12 monthsInsider trades
  • Funds354 adding, 236 cuttingOf 81 active managers that changed their stake, 44 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Arrow Electronics files

Where Arrow Electronics stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $35.9bn, up 26.1% on a year earlier, faster than 20.5% a quarter earlier. That growth ranks 122 of 931 among all the companies we cover. Free-cash-flow margin held at 2.3%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 5 financial-health checks. Our cash-flow model value is $421 a share, against a share price of $216. At that price, our model says the market is pricing in cash flow shrinking about 1.0% a year for five years, close to the 0.8% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Arrow Electronics, Inc.'s trailing-twelve-month revenue grew 26.1% year on year, with a free-cash-flow margin of 2.3%. Where it stands out: stock pay as % of revenue of 0.1% ranks 1 of 11 technology distributors companies we cover. Where it lags: days sales outstanding of 285 days ranks 11 of 12 technology distributors companies we cover.

Our discounted-cash-flow model values the business at ~$430 per share in the base case (~$320–$580 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 26.1% (+5.6pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $203.21 is 112% below our value per share of $430.
  • Fast growth. Revenue grew 26.1% over the last 12 months, against a median of 14.8% for technology distributors companies we cover.
  • Growth speeding up. The growth rate is 5.6 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 1.7% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 38% and a beta of 1.5 against the S&P 500.
  • Below peers: days sales outstanding. Days sales outstanding of 285 days ranks 11 of 12 technology distributors companies we cover (median 91 days).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$5.45 against an average estimate of $4.46: beat by 22.2%
Revenue
$9.99bn, up 31.8% on a year earlier
Share reaction
-10.3% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
net income per share on a diluted basis $4.72 to $4.92 (Third-Quarter 2026); non-GAAP net income per share on a diluted basis $4.83 to $5.03 (Third-Quarter 2026)
Next report
November 5, 2026; average EPS estimate $4.96

Arrow Electronics' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.5%
  • 1 week-5.2%
  • 1 month-16.0%
  • This year+84.4%
  • 1 year+82.2%
  • 5 years+71.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$35.9B
Operating margin
3.4%
Net margin
2.3%
EPS (TTM, diluted)
$15.64

Growth

Revenue growth
+26.1%
Change in growth rate
+5.6 pts
Share count change
−1.7%

Cash

Free cash flow (TTM)
$825M
FCF margin
2.3%
Stock pay % of revenue
0.1%

Earnings

Last results
August 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Agreement
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Arrow Electronics, Inc. valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 1.1% a year for five years.That is close to the 0.8% a year revenue growth Arrow Electronics has delivered.

  • Priced in-1.1%
  • Last 12 months26.1%
  • 3 years a year0.1%
  • 5 years a year0.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($210.15, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$430
Price used
$210.15close November 3, 2026
Implied change
▲ +105%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Arrow Electronics, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($928M, FY2026 Q2 TTM), growing 13.5% and 9.1% in the next two years (forecasts, guidance and its record), then back to 9.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$320–~$580 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Arrow Electronics, Inc.'s free cash flow after stock-based pay ( $928M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Arrow Electronics, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$430 ~$320–$580 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$200 ~$150–$250 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$240 ~$190–$300 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$280 ~$190–$410 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$250 ~$220–$290 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$300 ~$200–$430 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Arrow Electronics, Inc. with Technology Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −46%
  • Last year's free-cash-flow margin change, if it persists ▲ +43%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $220$312$434$595$805$1077
8.5% $159$226$314$429$579$772
10% $122$174$242$330$444$591

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$54.18$71.30$80.41$68.95$84.74$97.30$134.27$104.57$122.25$113.12$110.18$203.21
Market value$5.2bn$6.6bn$7.2bn$6.1bn$7.1bn$7.7bn$9.9bn$6.8bn$7.0bn$6.1bn$5.8bn$10.5bn
+ Net debt (− = net cash)$2.2bn$2.3bn$2.6bn$3.0bn$2.7bn$1.9bn$2.4bn$3.6bn$3.6bn$2.9bn$2.8bn$1.9bn
Enterprise value$7.3bn$8.8bn$9.8bn$9.1bn$9.8bn$9.5bn$12.3bn$10.4bn$10.6bn$9.0bn$8.5bn$12.5bn
Multiples
Price / sales 0.2x0.3x0.3x0.2x0.2x0.3x0.3x0.2x0.2x0.2x0.2x0.3x
Price / earnings 10.4x12.6x17.9x8.5x—13.1x8.9x4.8x7.7x15.5x10.1x13.0x
Price / free cash flow 10.3x33.7x—44.4x9.9x6.2x29.3x—11.2x5.9x—12.8x
EV / EBITDA 7.5x8.5x8.9x6.8x32.8x8.8x7.0x4.6x6.4x9.7x8.9x9.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

40 /100

Weak moat

How hard Arrow Electronics's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Cash operating profit has been a median 4.8% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 12.2%, moving by 0.7 percentage points (standard deviation) across 10 years.

  • Durability 4 / 20

    Operating margin has been a median 3.6%; its worst year was 1.1%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 1.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 31.9% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (44 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $10.0bn and EPS of $4.96 (range $4.93 to $5.00) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $21.64 +96% $40.0bn +30%
Next $23.93 +11% $43.2bn +8%

Next year's EPS estimate has moved +12.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +9.3% on 90 days ago. In the last 30 days, 3 analysts raised Arrow Electronics, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Arrow Electronics, Inc., last 90 days
$18.00 $20.00 $22.00 $24.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $19.80 Current fiscal year, 60 days ago: $19.81 Current fiscal year, 30 days ago: $19.81 Current fiscal year, 7 days ago: $19.92 Current fiscal year, Now: $21.64 $21.64 Next fiscal year, 90 days ago: $21.30 Next fiscal year, 60 days ago: $21.32 Next fiscal year, 30 days ago: $21.32 Next fiscal year, 7 days ago: $21.44 Next fiscal year, Now: $23.93 $23.93

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $19.80$21.30
60 days ago $19.81$21.32
30 days ago $19.81$21.32
7 days ago $19.92$21.44
Now $21.64$23.93

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $4.46 $5.45 +22.2%
Mar 2026 $2.85 $5.22 +83.0%
Dec 2025 $3.56 $4.39 +23.1%
Sept 2025 $2.29 $2.41 +5.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Net income per share on a diluted basis Third-Quarter 2026 $4.72 to $4.92 GAAP
    “Net income per share on a diluted basis of $4.72 to $4.92, and non-GAAP net income per share on a diluted basis of $4.83 to $5.03” source
  • Non-GAAP net income per share on a diluted basis Third-Quarter 2026 $4.83 to $5.03 Non-GAAP
    “Net income per share on a diluted basis of $4.72 to $4.92, and non-GAAP net income per share on a diluted basis of $4.83 to $5.03” source
  • Average tax rate Third-Quarter 2026 23% to 25%
    “Average tax rate in the range of 23 percent to 25 percent” source
  • Interest expense Third-Quarter 2026 about $50m
    “Interest expense of approximately $50 million” source

How earlier guidance turned out

  • Net income per share on a diluted basis, second quarter of fiscal 2026 guided $3.91 to $4.11 Above range: $5.26
  • Consolidated sales, second quarter of fiscal 2026 guided $9.15bn to $9.75bn Above range: $9.992237bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Arrow Electronics, Inc.'s revenue by +13.5% next year and +9.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.9%, weight 62%) and the company's own record (+9.5%, weight 38%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy250%
Hold125%
Sell125%

Monthly trend

  1. Oct 202611114
  2. Sep 202611114

Counts of recommendations published by analysts covering Arrow Electronics, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.0%
of tradable shares
Days to cover
2.55
at average volume
Short interest, 1 month
−20%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
22,230
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +82.2%

$111.55 on October 31, 2025 to $203.21

ThenNowEffect
Revenue (last 12 months) $28.5bn $35.9bn +26.1%
Net margin 1.6% 2.3% +37.8%
P/E multiple 12.6x 13.0x +3.1%
Share count 53m 52m +1.7%

Biggest factor: net margin.

Last 3 years +68.0%

$120.95 on November 3, 2023 to $203.21

ThenNowEffect
Revenue (last 12 months) $35.8bn $35.9bn +0.2%
Net margin 3.4% 2.3% −32.6%
P/E multiple 6.1x 13.0x +112.5%
Share count 61m 52m +17.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ARW+38%−22%+17%−8%−3%+84%
Industry peers (median)+40%−8%+36%+5%−17%+45%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ARW83%33%58%50%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ARW−12%−33%−25%−18%−24%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 53% from January 19, 2018 to March 18, 2020. Getting back needed a 112% gain, reached on November 13, 2020, 240 days after the low.

Price behaviour

52-week range
$101.87 – $242.01
From 52-week high
−16.0%
vs 50-day average
−7.2%
vs 200-day average
+6.1%
Volatility (1 year)
38%
Beta vs S&P 500
1.54

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±5.9%
After a week
6 up, 6 down
typical move ±6.7%
After a month
6 up, 6 down
typical move ±7.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −10.3% +0.5% −7.8% −4.8%
May 7, 2026 +1.6% +0.5% +11.7% +14.5%
February 5, 2026 +14.9% +0.6% +12.8% +1.3%
October 30, 2025 −3.9% −0.8% −4.2% −7.2%
September 17, 2025 −3.3% +0.3% −4.8% −7.0%
July 31, 2025 −11.7% −2.0% −8.7% −2.7%
May 1, 2025 +3.4% +2.2% +6.3% +5.5%
February 6, 2025 −6.9% −0.6% −5.8% −6.4%
October 31, 2024 −10.9% −1.5% −10.6% −9.7%
August 1, 2024 +1.7% −3.3% +3.1% +9.2%
May 2, 2024 0.0% +2.2% +0.6% +6.1%
February 8, 2024 +2.1% +0.6% +4.4% +10.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Arrow Electronics, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.30× the last 60 days’ realised volatility , richer than 74% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Arrow Electronics, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Arrow Electronics, Inc.
$25B $30B $35B $40B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $34.6B Revenue (TTM), FY23 Q4: $33.1B Revenue (TTM), FY24 Q1: $31.3B Revenue (TTM), FY24 Q2: $29.7B Revenue (TTM), FY24 Q3: $28.5B Revenue (TTM), FY24 Q4: $27.9B Revenue (TTM), FY25 Q1: $27.8B Revenue (TTM), FY25 Q2: $28.5B Revenue (TTM), FY25 Q3: $29.4B Revenue (TTM), FY25 Q4: $30.9B Revenue (TTM), FY26 Q1: $33.5B Revenue (TTM), FY26 Q2: $35.9B $35.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $34.6B
FY23 Q4 $33.1B
FY24 Q1 $31.3B
FY24 Q2 $29.7B
FY24 Q3 $28.5B
FY24 Q4 $27.9B
FY25 Q1 $27.8B
FY25 Q2 $28.5B
FY25 Q3 $29.4B
FY25 Q4 $30.9B
FY26 Q1 $33.5B
FY26 Q2 $35.9B
Revenue growth, TTM YoY Arrow Electronics, Inc.
-20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -6.1% Revenue growth, TTM YoY, FY23 Q4: -10.8% Revenue growth, TTM YoY, FY24 Q1: -14.9% Revenue growth, TTM YoY, FY24 Q2: -17.2% Revenue growth, TTM YoY, FY24 Q3: -17.6% Revenue growth, TTM YoY, FY24 Q4: -15.7% Revenue growth, TTM YoY, FY25 Q1: -11.1% Revenue growth, TTM YoY, FY25 Q2: -4.0% Revenue growth, TTM YoY, FY25 Q3: 3.2% Revenue growth, TTM YoY, FY25 Q4: 10.5% Revenue growth, TTM YoY, FY26 Q1: 20.5% Revenue growth, TTM YoY, FY26 Q2: 26.1% 26.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -6.1%
FY23 Q4 -10.8%
FY24 Q1 -14.9%
FY24 Q2 -17.2%
FY24 Q3 -17.6%
FY24 Q4 -15.7%
FY25 Q1 -11.1%
FY25 Q2 -4.0%
FY25 Q3 3.2%
FY25 Q4 10.5%
FY26 Q1 20.5%
FY26 Q2 26.1%
Operating margin (TTM) Arrow Electronics, Inc.
2% 3% 4% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 4.8% Operating margin (TTM), FY23 Q4: 4.4% Operating margin (TTM), FY24 Q1: 3.9% Operating margin (TTM), FY24 Q2: 3.6% Operating margin (TTM), FY24 Q3: 3.1% Operating margin (TTM), FY24 Q4: 2.8% Operating margin (TTM), FY25 Q1: 2.7% Operating margin (TTM), FY25 Q2: 2.5% Operating margin (TTM), FY25 Q3: 2.5% Operating margin (TTM), FY25 Q4: 2.7% Operating margin (TTM), FY26 Q1: 3.1% Operating margin (TTM), FY26 Q2: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 4.8%
FY23 Q4 4.4%
FY24 Q1 3.9%
FY24 Q2 3.6%
FY24 Q3 3.1%
FY24 Q4 2.8%
FY25 Q1 2.7%
FY25 Q2 2.5%
FY25 Q3 2.5%
FY25 Q4 2.7%
FY26 Q1 3.1%
FY26 Q2 3.4%
FCF margin (TTM) Arrow Electronics, Inc.
-2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 1.3% FCF margin (TTM), FY23 Q4: 1.9% FCF margin (TTM), FY24 Q1: 2.5% FCF margin (TTM), FY24 Q2: 4.2% FCF margin (TTM), FY24 Q3: 3.5% FCF margin (TTM), FY24 Q4: 3.7% FCF margin (TTM), FY25 Q1: 3.6% FCF margin (TTM), FY25 Q2: 1.6% FCF margin (TTM), FY25 Q3: 0.3% FCF margin (TTM), FY25 Q4: -0.1% FCF margin (TTM), FY26 Q1: 0.9% FCF margin (TTM), FY26 Q2: 2.3% 2.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 1.3%
FY23 Q4 1.9%
FY24 Q1 2.5%
FY24 Q2 4.2%
FY24 Q3 3.5%
FY24 Q4 3.7%
FY25 Q1 3.6%
FY25 Q2 1.6%
FY25 Q3 0.3%
FY25 Q4 -0.1%
FY26 Q1 0.9%
FY26 Q2 2.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jul 2026
Income
Revenue 14.7 18.7 21.4 20.4 21.4 22.8 23.3 23.5 26.6 29.7 28.9 28.7 34.5 37.1 33.1 27.9 30.9 35.9
Gross profit 1.8 2.4 2.9 2.7 2.8 3.0 3.0 3.1 3.4 3.7 3.3 3.2 4.2 4.8 4.1 3.3 3.5 4.1
EBITDA 0.3 0.8 1.0 0.9 0.8 0.9 1.0 1.0 1.1 1.3 0.3 1.1 1.8 2.3 1.7 0.9 1.0 1.4
Operating income 0.3 0.8 0.9 0.8 0.7 0.8 0.8 0.9 0.9 1.1 0.1 0.9 1.6 2.1 1.5 0.8 0.8 1.2
Net income 0.1 0.5 0.6 0.5 0.4 0.5 0.5 0.5 0.4 0.7 −0.2 0.6 1.1 1.4 0.9 0.4 0.6 0.8
Diluted EPS $1.03 $4.01 $5.17 $4.56 $3.85 $4.98 $5.20 $5.68 $4.48 $8.10 −$2.44 $7.43 $15.10 $21.80 $15.84 $7.29 $10.93 $15.64
Growth (year on year)
Revenue −12.4% +27.7% +14.1% −4.6% +4.7% +6.6% +2.3% +0.9% +13.1% +11.8% −2.6% −0.8% +20.2% +7.7% −10.8% −15.7% +10.5% +26.1%
EBITDA — +143.7% +22.2% −9.2% −10.3% +11.4% +6.7% +5.7% +6.1% +21.3% −77.7% — +61.7% +28.8% −26.8% −43.6% +3.1% +55.1%
Operating income — — +21.1% −11.5% −13.8% +9.9% +8.2% +6.3% +7.9% +21.3% −90.6% — +74.0% +32.9% −28.9% −47.8% +7.0% +68.5%
Net income — — +24.8% −15.4% −21.1% — −0.1% +5.0% −23.1% — −128.5% — +89.6% +28.8% −36.7% −56.6% — —
Diluted EPS — — +28.9% −11.8% −15.6% — +4.4% +9.2% −21.1% — −130.1% — +103.2% +44.4% −27.3% −54.0% — —
Margins
Gross margin 11.9% 12.9% 13.8% 13.4% 13.1% 13.2% 13.0% 13.4% 12.6% 12.5% 11.4% 11.1% 12.2% 13.0% 12.5% 11.8% 11.2% 11.3%
EBITDA margin 2.3% 4.4% 4.7% 4.5% 3.9% 4.0% 4.2% 4.4% 4.1% 4.5% 1.0% 3.8% 5.1% 6.1% 5.0% 3.3% 3.1% 3.8%
Operating margin 1.9% 4.0% 4.2% 3.9% 3.2% 3.3% 3.5% 3.7% 3.6% 3.9% 0.4% 3.1% 4.5% 5.6% 4.4% 2.8% 2.7% 3.4%
Net margin 0.8% 2.6% 2.8% 2.5% 1.9% 2.2% 2.1% 2.2% 1.5% 2.4% −0.7% 2.0% 3.2% 3.8% 2.7% 1.4% 1.9% 2.3%
Free-cash-flow margin 5.0% 0.6% 0.0% 2.8% 1.6% 2.4% 2.2% 0.8% −0.3% 0.5% 2.5% 4.3% 1.0% −0.3% 1.9% 3.7% −0.1% 2.3%
Cash flow
Cash from operations 0.8 0.2 0.1 0.7 0.5 0.7 0.7 0.4 0.1 0.3 0.9 1.4 0.4 −0.0 0.7 1.1 0.1 0.9
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow 0.7 0.1 0.0 0.6 0.3 0.6 0.5 0.2 −0.1 0.1 0.7 1.2 0.3 −0.1 0.6 1.0 −0.0 0.8
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.7 0.1 −0.0 0.5 0.3 0.5 0.5 0.2 −0.1 0.1 0.7 1.2 0.3 −0.2 0.6 1.0 −0.1 0.8
Balance sheet
Cash 1.1 0.9 0.4 0.4 0.4 0.4 0.3 0.5 0.7 0.5 0.3 0.4 0.2 0.2 0.2 0.2 0.3 0.2
Total debt 1.4 1.8 2.0 2.0 2.3 2.1 2.4 2.8 3.3 3.5 3.0 2.3 2.6 3.8 3.8 3.1 3.1 2.2
Net debt (negative = net cash) 0.3 0.9 1.6 1.5 1.9 1.7 2.2 2.3 2.6 3.0 2.7 1.9 2.4 3.6 3.6 2.9 2.8 1.9
Diluted shares 120m 120m 116m 111m 104m 100m 96m 92m 90m 88m 84m 79m 73m 65m 57m 54m 52m 52m
Returned to shareholders
Buybacks 0.0 0.2 0.2 0.3 0.4 0.3 0.4 0.2 0.2 0.2 0.4 0.5 0.9 1.0 0.8 0.3 0.2 0.1
Total returned 0.0 0.2 0.2 0.3 0.4 0.3 0.4 0.2 0.2 0.2 0.4 0.5 0.9 1.0 0.8 0.3 0.2 0.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 5 checks passed · July 4, 2026
What it owns · $38.4bn
Short-term assets $35.0bnLonger-term assets $3.4bn
What it owes, and who funded it · $35.7bn
Short-term liabilities $28.7bnShareholders' equity $7.0bn
  • Short-term assets cover short-term liabilities $35.0bn of assets due within a year against $28.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $245m of cash against $2.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 42% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $936m of operating cash flow against $2.2bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Arrow Electronics, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$127M
Returned to shareholders
15%
of free cash flow
Buybacks, last 3 fiscal years
$1.2B
Diluted share count
−1.7%
year over year
Total shareholder yield
1.2%
dividends 0.0% + buybacks 1.2% of market value
Sales & admin spending
7.2%
of revenue
Days sales outstanding
285 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in technology distributors
Last 12 months unless stated ARW AVT CDW INGM SNX NSIT Median
Revenue, last 12 months $35.9bn $27.6bn $23.5bn $58.6bn $75.7bn $8.6bn $5.9bn
Revenue growth, last 12 months 26.1% 24.5% 7.4% 14.8% 24.1% 2.7% 14.4%
Revenue growth, 3-year average 0.1% 1.4% 1.6% — 8.4% −4.0% 1.4%
Revenue growth, latest quarter 31.8% 47.7% 10.0% 20.8% 37.7% 14.7% 22.0%
Gross margin 11.3% 10.4% 21.4% 6.6% 6.9% 22.1% 12.4%
Operating margin 3.4% 2.6% 7.1% 1.8% 2.7% 4.6% 3.2%
Operating margin, 3-year average 3.2% 2.8% 7.6% 1.8% 2.3% 4.4% 3.0%
Net margin 2.3% 1.2% 4.6% 0.8% 1.8% 2.5% 2.4%
Cash from operations / revenue 2.6% −1.0% 4.2% 0.5% −0.8% 4.9% 2.4%
Free-cash-flow margin 2.3% −1.3% 3.7% 0.3% −1.1% 4.6% 1.3%
Free-cash-flow margin, 3-year average 2.7% 1.1% 5.1% −0.3% 0.3% 4.8% 2.5%
Stock pay / revenue 0.1% 0.2% 0.4% 0.1% 0.1% 0.4% 0.4%
Change in share count −1.7% −4.6% −2.9% −0.2% −3.9% −13.2% −2.0%

Median of all 12 companies we cover in technology distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 technology distributors companies
Measure Company Peer median Rank
Revenue growth Growth 26.1% 14.8% 2 of 12
Change in growth rate Growth +5.6pp +4.5pp 5 of 12
Gross margin Profitability 11.3% 13.6% 7 of 12
Operating margin Profitability 3.4% 3.4% 6 of 12
Net margin Profitability 2.3% 2.4% 7 of 12
Free-cash-flow margin Cash generation 2.3% 2.3% 6 of 12
Stock pay as % of revenue Cash generation 0.1% 0.4% 1 of 11
Long-term debt as % of assets Balance sheet 5.3% 12.4% 3 of 8
Change in share count Balance sheet -1.7% -1.7% 7 of 12
Days sales outstanding Balance sheet 285 days 91 days 11 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
Outside the US $20.3B 65.8% ▲ 11.8%
Other Foreign $12.7B 62.7% ▲ 14.5%
China and Hong Kong $4.4B 21.8% ▲ 9.6%
Germany $3.2B 15.5% ▲ 4.9%
United States $10.6B 34.2% ▲ 8.0%

From Arrow Electronics, Inc.'s 10-K filed February 11, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$11.2B
Institutions reporting
631
Shares held vs prior quarter
▼ 2.3%
Positions opened / closed
141 / 42

Top buyers and sellers, Q2 2026: 354 institutions bought and 236 sold ; the biggest buyer was Capital World Investors (+957K shares) and the biggest seller ACR Alpine Capital Research, LLC (−2.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 5.0M 9.6% ▲ 1.6%
Dimensional Fund Advisors LP $649M 3.0M 5.8% ▲ 1.1%
Vanguard Portfolio Management LLC $639M 3.0M 5.7% ▼ 6.4%
Vanguard Capital Management LLC $495M 2.3M 4.4% ▲ 1.2%
AQR Capital Management LLC $463M 2.2M 4.1% ▲ 27.1%
Boston Partners $452M 2.1M 4.0% ▼ 2.3%
LSV Asset Management $403M 1.9M 3.6% ▼ 1.8%
Greenhaven Associates Inc $376M 1.8M 3.4% ▼ 6.9%
State Street Corp $362M 1.7M 3.2% ▲ 0.5%
ACR Alpine Capital Research, LLC $311M 1.5M 2.8% ▼ 59.3%
Earnest Partners LLC $295M 1.4M 2.6% ▼ 2.0%
Bank Of America Corp $271M 1.3M 2.4% ▲ 25.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Arrow Electronics, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $601,405 1 trade by 1 insider, last 12 months Insider sales History → $14.6M 15 trades by 5 insiders · 0% under pre-set plans
Net ▼ $14M net selling
Insider Date Trade Shares Price Value
Jean-Claude Carine Lamercie SVP, CLCO and Secretary September 3, 2026 Sell 1,000 $209.85 $209,850
Zech Gretchen SVP, Chief Gov, Sust, HR Offr June 2, 2026 Sell 14,331 $228.36 $3.3M
Zech Gretchen SVP, Chief Gov, Sust, HR Offr June 2, 2026 Sell 6,600 $228.92 $1.5M
Zech Gretchen SVP, Chief Gov, Sust, HR Offr May 29, 2026 Sell 4,600 $215.15 $989,690
Jean-Claude Carine Lamercie SVP, CLCO and Secretary May 22, 2026 Sell 3,000 $216.00 $648,000
Zech Gretchen SVP, Chief Gov, Sust, HR Offr May 21, 2026 Sell 16,000 $212.08 $3.4M
Nowak Eric President, Global ECS May 20, 2026 Sell 3,473 $210.99 $732,768
Jean-Claude Carine Lamercie SVP, CLCO and Secretary February 23, 2026 Sell 2,187 $160.00 $349,920
Jean-Claude Carine Lamercie SVP, CLCO and Secretary February 23, 2026 Sell 1,891 $160.00 $302,560
Austen William F. Interim President and CEO February 19, 2026 Buy 3,960 $151.87 $601,405
Marano Richard John President, Global Components February 17, 2026 Sell 2,500 $155.32 $388,300
Kerin Andrew Charles Director February 11, 2026 Sell 1,456 $157.27 $229,059

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Arrow Electronics, Inc. disclosed in the last 12 months; 1 earlier trade on record.

  • Chris Jacobs(R-NY 27):Sale (full), $1,001 - $15,000, traded January 4, 2021, filed February 17, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 29, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 5, 2026
  • October 30, 2025
  • September 17, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on Arrow Electronics, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Arrow Electronics, Inc. in brief

What does Arrow Electronics, Inc. do?
Arrow Electronics, Inc. is a US-listed company in the technology distributors industry. Its financial year ends in December.
What is Arrow Electronics, Inc.'s stock ticker?
Arrow Electronics, Inc. trades under the ticker ARW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Arrow Electronics, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Arrow Electronics, Inc. reported revenue of $35.9B, 26.1% higher than a year earlier, according to its SEC filings.
What is Arrow Electronics, Inc.'s free cash flow?
Arrow Electronics, Inc.'s free-cash-flow margin is 2.3% of revenue over the trailing twelve months, ranking 6 of the 12 technology distributors companies we cover.
What is Arrow Electronics, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Arrow Electronics, Inc.'s free cash flow after stock-based pay gives ~$430 per share in the base case, and ~$320–$580 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Arrow Electronics, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Arrow Electronics, Inc. buying back stock, and does it pay a dividend?
Arrow Electronics, Inc. spent $127M on share repurchases over the trailing twelve months, and its diluted share count fell 1.7% over the year.
What is Arrow Electronics, Inc.'s market cap?
On November 2, 2026, Arrow Electronics, Inc.'s market capitalisation was about $10.5B, with a price-to-earnings ratio of 13.0 and net debt of $1.9B. Market figures come from third-party market data and may be delayed.
How much debt does Arrow Electronics, Inc. have?
Arrow Electronics, Inc.'s debt-to-equity ratio is 31.0%, from its latest balance sheet (42.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Arrow Electronics, Inc.'s competitors?
In our Technology Distributors peer group, the companies closest to Arrow Electronics, Inc. are Avnet Inc, CDW Corporation, Ingram Micro Holding Corp, TD Synnex Corp and Insight Enterprises Inc. The side-by-side comparison below sets their revenue, margins and growth against Arrow Electronics, Inc.'s.
Are insiders buying or selling Arrow Electronics, Inc. stock?
Over the last 12 months, Arrow Electronics, Inc.'s directors and officers reported 1 open-market purchases and 15 sales on Form 4. The insider trading page charts every trade.
When is Arrow Electronics, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Arrow Electronics, Inc. announces its own schedule.