$ARW · ARROW ELECTRONICS, INC.
Arrow Electronics filed an 8-K (Item 2.02) reporting Q3 FY2026 results. Revenue reached $10.718B, up 39% YoY, with net income attributable to shareholders of $318M (up 192%) and diluted EPS of $6.17 (up 196%). Non-GAAP diluted EPS was $6.22, up 158%. Both segments grew strongly: Global Components sales rose 43% to $7.94B and Global ECS sales rose 29% to $2.78B. The company used $441M of operating cash flow in the quarter and repurchased $93M of shares.
- Q3 revenue $10.718B, up 39% YoY, above the high end of guidance.
- Diluted EPS $6.17 (up 196%) and non-GAAP EPS $6.22 (up 158%).
- Global Components sales rose 43% to $7.94B; Global ECS rose 29% to $2.78B.
- Operating cash flow was negative $441M on working capital investment to support demand.
- Q4 guidance: sales $11.55B–$12.15B, non-GAAP EPS $7.00–$7.20.
Extended-hours last trade $211.00, up 4.13% vs the $202.63 regular close, indicating a positive after-hours reaction to the record results and above-guidance EPS.
Record revenue and EPS well above guidance, with strong book-to-bill momentum, signal a powerful cyclical upswing in electronics distribution.
Arrow's 39% revenue growth and book-to-bill above parity signal broad-based semiconductor and IT distribution demand, consistent with an AI/cloud-driven component upcycle across the electronics distribution peer group.
FX headwinds are expected to cut Q4 sales by ~$88M and EPS by $0.14 YoY. Negative $441M operating cash flow reflects heavy working capital investment tied to surging demand.