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Arrow Electronics (ARW)
NYSE:ARW
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.82Last Year’s EPS
1.8Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated materially positive operational and financial momentum: strong Q4 results (20% revenue growth and 48% EPS growth), record ECS profitability, sustained backlog increases, and deliberate progress shifting mix toward higher‑margin, value‑added services. These positives are tempered by margin pressure from regional/customer mix, a weak full‑year cash conversion performance, elevated working capital and inventory build, and lingering visibility and macro/geopolitical uncertainty. Management provided constructive Q1 guidance and reiterated a disciplined capital allocation approach, but emphasized the recovery remains gradual and variable by region and end market.Company Guidance
Strong Q4 Revenue and EPS Beat
Fourth quarter sales of $8.7 billion, up 20% year-over-year (16% organic cc), exceeded guidance; fourth quarter non-GAAP diluted EPS rose 48% year-over-year to $4.39 driven by favorable sales mix, higher value-added services mix and lower interest expense.
Solid Full-Year Top-Line Growth
Full‑year 2025 revenue of $30.9 billion, up 10% versus prior year (9% on a constant currency basis); global components revenue up 8% and ECS revenue up 18% for the year (7% and 15% cc, respectively).
ECS Outperformance and Secular Tailwinds
Global ECS Q4 sales $2.9 billion (up ~16% YoY; ~11% cc); total ECS billings $7.1 billion, up 16% YoY. ECS delivered record gross profit and operating profit in Q4 and backlog grew over 75% year-over-year to an all-time high, benefiting from demand for hybrid cloud, AI, cybersecurity and data-protection solutions.
Recovery Signals in Global Components
Global components Q4 sales $5.9 billion (up $1.1 billion YoY), book-to-bill above parity, backlog increased for four consecutive quarters, lead times modestly expanding and inventory turns normalizing—consistent with an early, gradual cyclical upturn.
Value‑Added Services Driving Margin Expansion
Strategic shift toward higher-margin value‑added offerings is showing results: value‑added services grew to roughly 30% of total company operating income in 2025 (from <20% historically); recurring revenue ≈1/3 of ECS billings; ~75% of ECS billings are software and services—supporting higher gross margins and earnings quality.
Improving Capital Efficiency and Shareholder Returns
Return on working capital increased 170 bps YoY to 18%; return on invested capital rose 190 bps YoY to 11.1%. Working capital as a percent of sales declined to ~21% and cash conversion cycle improved by 7 days. Arrow repurchased $50 million of stock in Q4 ($150 million in 2025) and has returned about $3.6 billion since 2020; gross debt declined $44 million in Q4 to $3.1 billion.
Encouraging Q1 Guidance
Q1 2026 sales guidance of $7.95B–$8.55B (midpoint up ~21% YoY) with non‑GAAP diluted EPS guidance of $2.70–$2.90, indicating management expects momentum to continue into the new year while remaining cautious.
ARW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ARW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $141.10 | $158.60 | +12.40% |
Oct 30, 2025 | $113.23 | $111.55 | -1.48% |
Jul 31, 2025 | $129.78 | $116.00 | -10.62% |
May 01, 2025 | $111.36 | $113.07 | +1.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Arrow Electronics (ARW) report earnings?
Arrow Electronics (ARW) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Arrow Electronics (ARW) earnings time?
Arrow Electronics (ARW) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARW EPS forecast?
ARW EPS forecast for the fiscal quarter 2026 (Q1) is 2.82.