olivLaw · US equity research
Arrow Electronics, Inc. ARW
Wholesale-Electronic Parts & Equipment, NEC · SIC 5065 · Vertical: Wholesale-Electronic Parts & Equipment, NEC (SIC 5065)
Arrow Electronics distributes electronic components and enterprise computing solutions to manufacturers, service providers and channel partners in more than 85 countries. With consolidated sales of 30.9 billion USD in fiscal 2025, the company is in a phase of strong growth but also transition, with an interim CEO and ECS contracts that have produced losses.
At the close of 04 Nov 2026, Arrow Electronics, Inc. (ARW) stock was 202.63 USD (−2.94% on the day), with market capitalisation 10.3 bn USD, P/E 12.9 on diluted EPS of 15.65 USD over the last 12 months, beta 1.19, 52-week range 101.87–242.01 USD. Latest reported quarter (Q2 2026): revenue of 10.0 bn USD (+31.8% YoY), net income of 272.7 m USD (+45.3% YoY), diluted EPS 5.26 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 38.5
- weak (30–45)
- Bollinger (20, 2)
- 200.96 – 233.20
- in the lower half of the band · %B 0.05 · band width 14.9%
- SMA 50 / 200
- 219.10 / 192.39
- mixed trend
- MACD (12, 26, 9)
- -4.17 / -2.45
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −15.6% | −1.1% | −14.6 pp | — |
| 3 months | −10.7% | −0.5% | −10.2 pp | — |
| 6 months | +5.6% | +4.4% | +1.2 pp | — |
| Year to date | +83.9% | +12.3% | +71.6 pp | — |
| 1 year | +81.5% | +13.5% | +68.0 pp | +56.5% |
| 3 years | +67.5% | +76.4% | −8.9 pp | +75.7% |
| 5 years | +65.8% | +63.7% | +2.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 04 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.8 bn | 7.3 bn | 6.8 bn | 7.6 bn | 7.7 bn | 8.7 bn | 9.5 bn | 10.0 bn |
| Cost of revenue | 6.0 bn | 6.5 bn | 6.0 bn | 6.7 bn | 6.9 bn | 7.7 bn | 8.4 bn | 8.9 bn |
| Gross profit | 784.8 m | 803.3 m | 774.0 m | 848.7 m | 835.3 m | 1.0 bn | 1.1 bn | 1.1 bn |
| SG&A | 534.5 m | 547.5 m | 562.3 m | 601.0 m | 587.9 m | 639.5 m | 656.1 m | 688.1 m |
| Operating income | 175.3 m | 195.1 m | 158.6 m | 190.6 m | 179.0 m | 294.1 m | 361.6 m | 377.3 m |
| Depreciation & amortisation | 40.6 m | 39.6 m | 35.8 m | 35.2 m | 32.8 m | 34.0 m | 36.1 m | 35.6 m |
| Pre-tax income | 116.1 m | 128.7 m | 103.2 m | 233.0 m | 128.8 m | 253.0 m | 307.3 m | 353.1 m |
| Income tax | 15.2 m | 28.8 m | 23.3 m | 45.9 m | 19.5 m | 59.4 m | 71.2 m | 80.3 m |
| Net income | 100.6 m | 99.2 m | 79.7 m | 187.7 m | 109.2 m | 194.6 m | 235.1 m | 272.7 m |
| Diluted EPS | 1.88 | 1.86 ≈ | 1.51 | 3.59 | 2.09 | 3.75 ≈ | 4.55 | 5.26 |
| Operating cash flow | 80.6 m ≈ | 326.5 m | 351.7 m | -205.9 m ≈ | -281.7 m ≈ | 200.0 m | 699.8 m | 318.3 m ≈ |
| Capex | 18.5 m ≈ | 22.5 m | 25.0 m | 18.6 m ≈ | 30.3 m ≈ | 27.4 m | 32.1 m | 21.1 m ≈ |
| Share repurchases | 51.1 m ≈ | 50.8 m | 59.4 m | 50.7 m ≈ | 630.0 k ≈ | 50.9 m | 33.3 m | 41.9 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 63 percentile of its own 35-quarter history (min 4.3, median 11.7, max 17.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29.7 bn | 28.9 bn | 28.7 bn | 34.5 bn | 37.1 bn | 33.1 bn | 27.9 bn | 30.9 bn |
| Revenue YoY | +11.8% | −2.6% | −0.8% | +20.2% | +7.7% | −10.8% | −15.7% | +10.5% |
| Net income | 716.2 m | -204.1 m | 584.4 m | 1.1 bn | 1.4 bn | 903.5 m | 392.1 m | 571.3 m |
| Net income YoY | +78.1% | −128.5% | unavailable | +89.6% | +28.8% | −36.7% | −56.6% | +45.7% |
| Diluted EPS | 8.10 | -2.44 | 7.43 | 15.10 | 21.80 | 15.84 | 7.29 | 10.93 |
| Diluted EPS YoY | +80.8% | −130.1% | unavailable | +103.2% | +44.4% | −27.3% | −54.0% | +49.9% |
| net % | 2.4% | -0.7% | 2.0% | 3.2% | 3.8% | 2.7% | 1.4% | 1.9% |
| Free cash flow | 137.4 m | 714.8 m | 1.2 bn | 335.9 m | -111.9 m | 622.2 m | 1.0 bn | -37.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 306.5 m USD
- Financial debt
- 3.1 bn USD
- Net debt
- 2.8 bn USD
- Equity
- 6.7 bn USD
- Total assets
- 29.1 bn USD
- Debt / equity
- 0.46x
- Current ratio
- 1.36x
- ROE
- 9.1%
- ROA
- 2.2%
- FCF margin
- -0.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 28.7 bn | 34.5 bn | 37.1 bn | 33.1 bn | 27.9 bn | 30.9 bn | SEC (XBRL)· 11 Feb 2026verified |
| Cost of revenue | 25.5 bn | 30.3 bn | 32.3 bn | 29.0 bn | 24.6 bn | 27.4 bn | SEC (XBRL)· 11 Feb 2026verified |
| Gross profit | 3.2 bn | 4.2 bn | 4.8 bn | 4.1 bn | 3.3 bn | 3.5 bn | SEC (XBRL)· 11 Feb 2026verified |
| SG&A | 2.1 bn | 2.4 bn | 2.6 bn | 2.4 bn | 2.2 bn | 2.4 bn | SEC (XBRL)· 11 Feb 2026verified |
| Operating income | 894.5 m | 1.6 bn | 2.1 bn | 1.5 bn | 768.6 m | 822.2 m | SEC (XBRL)· 11 Feb 2026verified |
| Depreciation & amortisation | 189.1 m | 195.1 m | 187.4 m | 181.1 m | 163.0 m | 137.8 m | SEC (XBRL)· 11 Feb 2026verified |
| EBITDA | 1.1 bn ≈ | 1.8 bn ≈ | 2.3 bn ≈ | 1.7 bn ≈ | 931.6 m ≈ | 960.0 m ≈ | SEC (XBRL)· 11 Feb 2026derived |
| Pre-tax income | — | 1.4 bn | 1.9 bn | 1.2 bn | 489.3 m | 717.9 m | SEC (XBRL)· 11 Feb 2026verified |
| Income tax | 172.8 m | 325.9 m | 449.0 m | 255.0 m | 95.8 m | 148.2 m | SEC (XBRL)· 11 Feb 2026verified |
| Net income | 584.4 m | 1.1 bn | 1.4 bn | 903.5 m | 392.1 m | 571.3 m | SEC (XBRL)· 11 Feb 2026verified |
| Diluted EPS | 7.43 | 15.10 | 21.80 | 15.84 | 7.29 | 10.93 | SEC (XBRL)· 11 Feb 2026verified |
| Weighted average diluted shares | 78.6 m | 73.4 m | 65.5 m | 57.0 m | 53.8 m | 52.3 m | SEC (XBRL)· 11 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 373.6 m | 222.2 m | 176.9 m | 218.1 m | 188.8 m | 306.5 m | SEC (XBRL)· 11 Feb 2026verified |
| Receivables | 9.2 bn | 11.1 bn | 12.3 bn | 12.2 bn | 13.0 bn | 19.7 bn | SEC (XBRL)· 11 Feb 2026verified |
| Inventories | 3.3 bn | 4.2 bn | 5.3 bn | 5.2 bn | 4.7 bn | 5.1 bn | SEC (XBRL)· 11 Feb 2026verified |
| Current assets | 13.2 bn | 15.9 bn | 18.3 bn | 18.3 bn | 18.4 bn | 25.7 bn | SEC (XBRL)· 11 Feb 2026verified |
| Property, plant & equipment, net | 799.6 m | 682.8 m | 596.5 m | 530.7 m | 469.3 m | 474.7 m | SEC (XBRL)· 11 Feb 2026verified |
| Goodwill | 2.1 bn | 2.1 bn | 2.0 bn | 2.1 bn | 2.1 bn | 2.1 bn | SEC (XBRL)· 11 Feb 2026verified |
| Intangibles (excl. goodwill) | 233.8 m | 195.0 m | 159.1 m | 127.4 m | 96.7 m | 77.0 m | SEC (XBRL)· 11 Feb 2026verified |
| Total assets | 17.1 bn | 19.5 bn | 21.8 bn | 21.7 bn | 21.8 bn | 29.1 bn | SEC (XBRL)· 11 Feb 2026verified |
| Accounts payable | 7.9 bn | 9.6 bn | 10.5 bn | 10.1 bn | 11.0 bn | 17.4 bn | SEC (XBRL)· 11 Feb 2026verified |
| Short-term debt | 158.6 m | 382.6 m | 589.9 m | 1.7 bn | 350.0 m | 341.0 k | SEC (XBRL)· 11 Feb 2026verified |
| Long-term debt | 2.1 bn | 2.2 bn | 3.2 bn | 2.2 bn | 2.8 bn | 3.1 bn | SEC (XBRL)· 11 Feb 2026verified |
| Current liabilities | 9.1 bn | 11.3 bn | 12.4 bn | 13.2 bn | 12.6 bn | 18.8 bn | SEC (XBRL)· 11 Feb 2026verified |
| Equity | 5.1 bn | 5.3 bn | 5.6 bn | 5.9 bn | 5.8 bn | 6.7 bn | SEC (XBRL)· 11 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.4 bn | 419.0 m | -33.1 m | 705.4 m | 1.1 bn | 64.0 m | SEC (XBRL)· 11 Feb 2026verified |
| Capex | 123.6 m | 83.1 m | 78.8 m | 83.3 m | 92.7 m | 101.3 m | SEC (XBRL)· 11 Feb 2026verified |
| Free cash flow | 1.2 bn ≈ | 335.9 m ≈ | -111.9 m ≈ | 622.2 m ≈ | 1.0 bn ≈ | -37.2 m ≈ | SEC (XBRL)· 11 Feb 2026derived |
| Investing cash flow | -138.8 m | -60.1 m | -57.7 m | -72.3 m | -94.4 m | 23.6 m | SEC (XBRL)· 11 Feb 2026verified |
| Financing cash flow | -1.2 bn | -463.3 m | 109.8 m | -666.2 m | -956.8 m | -206.1 m | SEC (XBRL)· 11 Feb 2026verified |
| Share repurchases | 483.7 m | 911.5 m | 1.0 bn | 770.2 m | 265.1 m | 161.7 m | SEC (XBRL)· 11 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 53 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 10.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet62
- Valuation76
- Quality68
- Growth0
- Returns18
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 267.19 – 397.90 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA267.19 – 323.61 (Mid 296.08)3 companies used · median multiple 12.6x · quartiles 11.5x – 13.6xAVT, ITRN, TEL
- Peers: P/E322.00 – 397.90 (Mid 360.84)4 companies used · median multiple 23.1x · quartiles 20.6x – 25.4xAVT, ITRN, RELL, TEL
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 53/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 10.5% | 65 (on a fixed band) | 12% |
| Net margin · Quality | 2.3% | 40 (vs peers) | 7% |
| FCF conversion · Quality | 101.7% | 100 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | -6.0% | 0 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | -20.6% | 0 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 1.4x | 74 (on a fixed band) | 12% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.2x | 35 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 12.9x | 78 (on a fixed band) | 12% |
| EV/EBITDA · Valuation | 9.1x | 54 (on a fixed band) | 12% |
| FCF yield · Valuation | 8.0% | 100 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 1.2% | 18 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet62/100 · 2/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality68/100 · 3/3 factors with a value
- Returns· partial18/100 · 1/2 factors with a value
- Valuation76/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ARROW ELECTRONICS, INC. (ARW). Latest full fiscal year: 2025; data up to 2026-07-04.
Figures computed from the financial statements: revenue 30.9 bn USD in 2025; YoY growth 10.5%; net margin 2.3%; ROE 12.2%; net debt/EBITDA 1.4x.
The estimated value range is 294.60–360.76 USD per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 328.46 USD, the price of 202.63 USD leaves a potential of 62.1% (value / price − 1) and a margin of safety of 38.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 53/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 101.7%
- Net debt / EBITDA: 1.4x
- P/E (TTM): 12.9x
- FCF yield: 8.0%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: -6.0%
- EPS CAGR 3Y: -20.6%
- Shareholder yield (distributions): 1.2%
Not assessed (insufficient data or a ratio without meaning): Interest coverage, Payout ratio (FCF).
Versus the vertical median
Wholesale-Electronic Parts & Equipment, NEC (SIC 5065) · same industry (4-digit SIC) · compared with 5 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TELTe Connectivity PLC | 63.8 bn | 27.5 | 18.5% | 12.6% | +8.9% | −3% / +68% |
| ARWArrow Electronics, Inc. | 10.3 bn | 12.9 | 12.2% | 2.3% | +10.5% | +82% / +68% |
| AVTAvnet, Inc. | 7.0 bn | 21.4 | 6.7% | 1.2% | +24.5% | +80% / +83% |
| ITRNIturan Location & Control Ltd. | 1.1 bn | 18.2 | 28.8% | 16.1% | +6.8% | +33% / +98% |
| RELLRichardson Electronics, Ltd. | 211.2 m | 24.7 | 5.2% | 3.6% | +9.4% | +87% / +50% |
| DCMDeFi Capital Markets, Inc. | 10.0 m | — | -95.0% | -437.8% | −79.4% | unavailable / unavailable |
1- and 3-year price returns: for ARW from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 110.37 Total return -46% · Per year -46% | 196.11 Total return -3% · Per year -3% | 296.75 Total return 46% · Per year 46% |
| 3 years | 87.64 Total return -57% · Per year -24% | 176.99 Total return -13% · Per year -4% | 296.75 Total return 46% · Per year 14% |
| 5 years | 69.59 Total return -66% · Per year -19% | 159.73 Total return -21% · Per year -5% | 296.75 Total return 46% · Per year 8% |
- Exit P/E± 44.25
- Net margin± 30.97
- Annual revenue growth± 27.97
- Annual dilution± 2.60
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Arrow Electronics distributes electronic components and enterprise computing solutions to manufacturers, service providers and channel partners in more than 85 countries 1. With consolidated sales of 30.9 billion USD in fiscal 2025 3, the company is in a phase of strong growth but also transition, with an interim CEO and ECS contracts that have produced losses 12.
SWOT
Strengths
- A very broad product portfolio and a global network of sales and distribution, giving fast access to diverse markets.
- Low dependence on individual customers, with no customer exceeding a small share of sales.
- Supplier agreements that partly protect inventory against write-downs and price reductions.
Weaknesses
- Low gross margins typical of distribution, leaving little room for execution errors.
- Long-term ECS purchase commitments have produced losses and could produce more.
- Leadership is interim, which creates uncertainty until a permanent CEO is appointed.
Opportunities
- Growing demand for AI-related components and a rising share of value-added services could support better margins.
- The ArrowSphere platform could help channel partners sell more cloud and software offerings.
- Expansion in IP&E, a more margin-accretive segment, could diversify revenue.
Threats
- Tariffs and export restrictions can affect international sales and costs.
- Supplier consolidation may reduce access to products or bargaining power.
- Strong competition and pricing pressure could reduce margins if demand slows.
Risks
- Supplier dependencehigh
Most supplier distribution agreements can be cancelled on short notice, and if terms change or a key supplier withdraws, the business could be seriously affected.
- Unmet ECS commitmentshigh
If sales under the ECS agreements do not cover purchase obligations through 2032, results could suffer, and the company anticipates possible additional losses 1.
- International and trade risksmedium
Most sales come from outside the United States, and tariffs, sanctions and export restrictions can affect operations and profitability 1.
- Inventory write-downsmedium
Technological change or falling demand can reduce inventory value, and contractual protections do not fully cover such losses 1.
- Leadership transitionmedium
The search for a permanent CEO may create uncertainty, divert management attention and affect strategy execution 1.
Investment thesis
What would need to be true (bull case)
- Sales and diluted earnings per share in the second quarter of 2026 beat the high end of guidance, showing solid execution if the trend holds 3.
- Book-to-bill ratios above parity could support future growth if demand for components and AI continues 3.
- A rising share of value-added services could improve long-term margins 1.
What would break the thesis
- Distribution margins remain thin, and competitive pressure can limit gains if demand weakens.
- Losses on ECS contracts and possible further losses show that long-term commitments can absorb profitability.
- The absence of a permanent CEO and international trade risks can create uncertainty for investors and partners.
What to watch
- Third-quarter guidance for sales and diluted earnings per shareQ3 2026
- Margin trends and losses on ECS contractsQ3 2026
- Appointment of a permanent CEO2026
- Impact of tariffs and export restrictions on costs and salesnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Arrow sources and engineers technology for thousands of leading manufacturers and service providers, with one of the broadest product portfolios among electronic components and computing solutions suppliers 1. The company operates in the three largest electronics markets, the Americas, EMEA and Asia/Pacific, with over 140 sales facilities and 39 distribution and value-added centers 1. Its stated strategy is to be the premier, technology-centric, go-to-market and supply chain services company 1.
Segments
Global Components
This segment distributes electronic components to OEMs and EMS providers, with engineering, integration and supply chain services 1. In fiscal 2025 about 72% of segment sales came from semiconductor products, and about 16% from IP&E products such as capacitors, resistors and connectors 1. In the second quarter of 2026 segment sales rose 39% year over year 3.
Global ECS
The ECS segment provides computing solutions to VARs and MSPs, covering datacenter, cloud, security and analytics, supported by the ArrowSphere platform 1. In fiscal 2025 sales were mainly software applications and storage 1. In the second quarter of 2026 segment sales rose 14% year over year while operating income fell 12% 3.
Market context
The company operates in component and enterprise computing markets that depend on global demand and the semiconductor cycle 1. Management says component demand is gradually increasing, aided by interest in AI technology, but cannot predict whether the trend will continue 1. In the second quarter of 2026 backlog remained well above parity 3.
Trends
- Recovery in component demandtailwind
After a downturn in 2024, demand returned in all regions, and growth was strong in 2026 13. If the recovery holds, volumes and margins in components could keep improving.
- Tariffs and trade policyheadwind
Uncertainty around US and foreign tariffs can affect costs and supply chains, and the company is trying to mitigate this through optimization 1. The effect remains uncertain and depends on policy developments.
- Multi-year ECS commitmentsheadwind
ECS contracts with non-cancellable purchase obligations through 2032 could produce losses if sales fall short, and the company anticipates possible additional losses 1.
- Growth in value-added servicesmixed
A shift toward engineering, integration and supply chain services may improve margins and long-term customer relationships if their share of sales grows 1.
Competitive position
Arrow competes with large multinational and national distributors as well as numerous smaller specialized competitors 1. Competition creates pricing and margin pressure, and suppliers themselves can compete with the company for customers 1. Supplier consolidation may also reduce distributors' bargaining power 1.
- AvnetAVT
Global distributor of components and solutions, named among large competitors in electronics distribution.
- Large multinational and national component distributors
Major competitors covering several regions and sectors, in some cases with broader customer bases.
- Specialized competitors in narrow markets
Smaller competitors that are aggressive in specific product categories or industries.
- Suppliers selling directly
Manufacturers can compete with distributors for customers, which makes the supplier relationship more complex.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Intel Core Ultra 9 Arrow Lake On Star Labs StarFighter Shows Nice Gains On Ubuntu 26.10Phoronix · 20 Oct 2026 · EN
- Core Stack, Green Arrow plan €1 billion Italian data centre projectCNA (Channel NewsAsia) · 07 Oct 2026 · EN
- What if Jev spoke Arrow?Hacker News · 29 Sept 2026 · EN
- Arrow heads at Obi-Rakhmat (Uzbekistan) 80K years ago?Hacker News · 18 Sept 2026 · EN
- Does Arrow Electronics Still Buy Back Enough Stock To Matter?Yahoo Finance — News · 11 Sept 2026 · EN
- Arrow Electronics (ARW) Stock Rises Sharply Amid AI Infrastructure SurgeYahoo Finance — News · 08 Sept 2026 · EN
- Arrow Exploration points to record production rate, IC-6 well was repurposedYahoo Finance — News · 04 Sept 2026 · EN
- Arrow Electronics (ARW) Trades at 10x Earnings: Is This Semiconductor Recovery Stock a Buy?Yahoo Finance — News · 01 Sept 2026 · EN
- Consolidarea rețelei antibalistice israeliene: SUA și Israel testează cu succes noile capabilități de interceptare pentru arhitectura ArrowDefenseRomania.ro · 06 Aug 2026 · RO
- Germany expands its exoatmospheric missile shield with second Arrow-3 deploymentDefense News (US, EN) · 01 Jul 2026 · RO
- VIDEO: Mădălina Florea, victorie spectaculoasă în dificila cursă Broken Arrow Skyrace de alergare montanăG4Media · 22 Jun 2026 · RO
SEC filings
- Current report15 Oct 2026Departure or appointment of officers
- Current report04 Sept 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report06 Aug 2026Results of operations · Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report13 May 2026Amendments to articles or bylaws · Shareholder vote · Financial statements and exhibits
- Quarterly report07 May 2026
- Current report07 May 2026Results of operations · Financial statements and exhibits
- Proxy statement30 Mar 2026
- Annual report11 Feb 2026
- Current report05 Feb 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Arrow Electronics, Inc. · 11 Feb 2026
- [2] Form 10-Q, quarter ended 2026-07-04 · SEC / Arrow Electronics, Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Arrow Electronics, Inc. · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.