Form 8-K

8-K — ARROW ELECTRONICS, INC.

Accession: 0000007536-26-000077

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0000007536

SIC: 5065 (WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — arw-20260507x8k.htm (Primary)

EX-99.1 (arw-20260507xex99d1.htm)

GRAPHIC (arw-20260507xex99d1001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: arw-20260507x8k.htm · Sequence: 1

ARROW ELECTRONICS, INC._May 7, 2026

0000007536false00000075362026-05-072026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 7, 2026

ARROW ELECTRONICS, INC.

(Exact Name of Registrant as Specified in Charter)

New York

1-4482

11-1806155

(State or Other Jurisdiction

(Commission

(IRS Employer

of Incorporation)

File Number)

Identification No.)

9151 East Panorama Circle,

Centennial,

80112

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (303) 824-4000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of the exchange on which registered

Common Stock, $1 par value

ARW

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On May 7, 2026, Arrow Electronics, Inc. (the “Company”) issued a press release announcing its first quarter 2026 earnings. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

The information in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) EXHIBITS

Exhibit Number

Description

99.1

Earnings press release issued by Arrow Electronics, Inc., dated May 7, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ARROW ELECTRONICS, INC.

Date:

May 7, 2026

By:

/s/ Carine Jean-Claude

Name:

Carine Jean-Claude

Title:

Senior Vice President, Chief Legal and Compliance Officer, and Secretary

EX-99.1

Filename: arw-20260507xex99d1.htm · Sequence: 2

ARROW ELECTRONICS, INC.

9151 EAST PANORAMA CIRCLE

CENTENNIAL, CO 80112

303-824-4000

NEWS

Exhibit 99.1

Arrow Electronics Reports First-Quarter 2026 Results

--Total Revenue of $9.5 billion, up 39%, Above High End of Guidance--

--Earnings Per Share of $4.55 and Non-GAAP Earnings Per Share of $5.22, Both Above High End of Guidance--

CENTENNIAL, Colo.--(BUSINESS WIRE)- May 7, 2026--Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its first quarter of 2026.

“The first quarter marked a strong start to 2026 as total revenue, profit margins, and EPS grew significantly year over year, exceeding our guidance ranges,” said Bill Austen, Arrow’s interim president and chief executive officer. “We saw continued operational momentum across both Global Components and ECS, supported by an accelerated recovery that spanned geographies and industry verticals, improved book-to-bill ratios, and a healthy backlog that continues to build.”

“Looking ahead, we are confident the progress we are achieving positions us well to continue executing our strategy with discipline. This is supported by the continued expansion of our higher margin, value-added offerings, a scalable cost structure, and a focused capital allocation framework. Together, these initiatives position us to drive profitable growth and deliver long-term value for our customers and shareholders.”

Arrow Consolidated

Quarter Ended

April 4,

March 29,

(in millions except per share data)

2026

2025

Change

Consolidated sales

9,474

6,814

Net income attributable to shareholders

235

195

Net income per diluted share

4.55

1.51

201

Non-GAAP net income attributable to shareholders (1)

270

185

Non-GAAP net income per diluted share (1)

5.22

1.80

190

In the first quarter of 2026, sales increased 39 percent year over year, and increased 34 percent year over year on a constant currency basis. Changes in foreign currencies had a positive impact on growth of $274 million on sales and $0.07 on earnings per share on a diluted basis compared to the first quarter of 2025.

Global Components

Quarter Ended

April 4,

March 29,

(in millions)

2026

2025

Change

Global components sales

6,640

4,778

Global components operating income

364

171

112

Global components non-GAAP operating income (1)

365

173

111

In the first quarter of 2026, global components sales increased 39 percent year over year and increased 35 percent year over year on a constant currency basis. Americas components first-quarter sales increased 47 percent year over year. EMEA components first-quarter sales increased 32 percent year over year and increased 19 percent year over year on a constant currency basis. Asia-Pacific components first-quarter sales increased 37 percent year over year and increased 36 percent year over year on a constant currency basis.

ARROW ELECTRONICS, INC.

9151 EAST PANORAMA CIRCLE

CENTENNIAL, CO 80112

303-824-4000

NEWS

Global Enterprise Computing Solutions ("ECS")

Quarter Ended

April 4,

March 29,

(in millions)

2026

2025

Change

Global ECS sales

2,833

2,036

Global ECS operating income

104

Global ECS non-GAAP operating income (1)

105

In the first quarter of 2026, Global ECS sales increased 39 percent year over year, and increased 32 percent year over year on a constant currency basis. Global ECS gross billings increased 39 percent year over year. Global ECS first-quarter operating income and non-GAAP operating income increased 34 percent year over year. EMEA ECS first-quarter sales increased 46 percent year over year and increased 33 percent year over year on a constant currency basis. Americas ECS first-quarter sales increased 30 percent year over year.

Other Financial Information

In the first quarter of 2026, Arrow generated $700 million of cash flow from operations partly due to the timing of cash flows within Arrow’s supply chain services offering. Arrow also repurchased $25 million of shares in the first quarter.

1 A reconciliation of non-GAAP financial measures to GAAP financial measures is presented in the reconciliation tables included herein.

Second-Quarter 2026 Outlook

● Consolidated sales of $9.15 billion to $9.75 billion, with global components sales of $6.80 billion to $7.20 billion, and global enterprise computing solutions sales of $2.35 billion to $2.55 billion

● Net income per share on a diluted basis of $3.91 to $4.11, and non-GAAP net income per share on a diluted basis of $4.32 to $4.52

● Average tax rate in the range of 23 percent to 25 percent

● Interest expense of approximately $60 million

● Changes in foreign currencies to increase sales by approximately $117 million, and earnings per share on a diluted basis by $0.11 compared to the second quarter of 2025

● Changes in foreign currencies to increase quarter-over-quarter growth in sales by $21 million, and earnings per share on a diluted basis to increase by $0.03 compared to the first quarter of 2026

Second-Quarter 2026 GAAP to non-GAAP Outlook Reconciliation

NON-GAAP SALES RECONCILIATION

Quarter Ended

July 4,

June 28,

July 4,

April 4,

(in billions)

2026

2025

% Change

2026

% Change

Global components sales, GAAP

6.80 - 7.20

5.28

29% - 36%

6.80 - 7.20

6.64

2% - 8%

Impact of changes in foreign currencies

—

0.07

—

0.01

Global components sales, constant currency

6.80 - 7.20

5.35

27% - 34%

6.80 - 7.20

6.65

2% - 8%

Global ECS sales, GAAP

2.35 - 2.55

2.30

2% - 11%

2.35 - 2.55

2.83

(17)% - (10)%

Impact of changes in foreign currencies

—

0.05

—

0.01

Global ECS sales, constant currency

2.35 - 2.55

2.35

0% - 9%

2.35 - 2.55

2.84

(17)% - (10)%

NON-GAAP EARNINGS RECONCILIATION

Reported

Intangible amortization

Restructuring &

GAAP measure

expense

integration charges

Non-GAAP measure

Net income per diluted share

$3.91 to $4.11

$0.07

$0.34

$4.32 to $4.52

Earnings Presentation

Please refer to the earnings presentation, which can be found at investor.arrow.com, as a supplement to the company’s earnings release. The company may use this website as a means of disclosing material, non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the website noted above, in addition to following the company’s press releases, SEC filings, and public conference calls and webcasts.

Webcast and Conference Call Information

Arrow Electronics will host a conference call to discuss first-quarter 2026 financial results on May 7, 2026, at 8:30 a.m. ET.

A live webcast of the conference call will be available via the events section of investor.arrow.com or by accessing the webcast link directly at https://events.q4inc.com/attendee/218062703. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year.

About Arrow Electronics

Arrow Electronics (NYSE:ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2025 sales of $30.9 billion, Arrow’s portfolio enables technology across major industries and markets. Learn more at arrow.com.

Key Business Metrics

Management uses gross billings as an operational metric to monitor operating performance of its global ECS reportable segment, including sales performance by geographic region, as it provides meaningful supplemental information to the reader in evaluating the overall performance of the global ECS business. The company uses this key metric to develop financial forecasts, make strategic decisions, and prepare and approve annual budgets. Gross billings represent amounts invoiced to customers for goods and services during a specified period and do not include the impact of recording sales on a net basis or sales adjustments, such as trade discounts and other allowances. The use of gross billings has certain limitations as an analytical tool and should not be considered in isolation or as a substitute for revenue.

Information Relating to Forward-Looking Statements

This press release includes “forward-looking statements,” as the term is defined under the federal securities laws. Forward-looking statements are those statements which are not statements of historical or current fact. These forward-looking statements can be identified by forward-looking words such as “expects,” “anticipates,” “intends,” “plans,” “may,” “will,” “would,” “could,” “believes,” “seeks,” “projected,” “potential,” “estimates,” and similar expressions, and include, but are not limited to, statements regarding: Arrow’s future financial performance, including its outlook on financial results for the second quarter of fiscal 2026 such as sales, net income per diluted share, non-GAAP net income per diluted share, average tax rate, interest and other expense, impact to sales due to changes in foreign currencies, intangible amortization expense per diluted share, restructuring and integration charges per diluted share, the timing of the completion of the Operating Expense Efficiency Plan (the “Plan”) and Arrow’s estimated costs and expected operating expense reductions from the Plan, industry trends and expectations regarding market demand and conditions, and shareholder returns. These and other forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which could cause actual results or facts to differ materially from such statements for a variety of reasons, including, but not limited to: unfavorable economic conditions or changes, including those that may occur in connection with recession, inflation, tax rates, foreign currency exchange rates, or the availability of capital; political instability and changes; impacts of military conflict and sanctions; trade protection measures, tariffs, increased trade tensions, trade agreements and policies, and other restrictions, duties, and value-added taxes, and the associated macroeconomic impacts; disruptions, shortages, or inefficiencies in the supply chain; non-compliance with certain laws, regulations, or executive orders, such as trade, export, antitrust, and anti-corruption laws, or regulatory restrictions relating to the company or its subsidiaries or the permissibility of third-parties to transact therewith; the inability to realize sufficient sales to cover non-cancellable purchase obligations under certain ECS distribution agreements; management transitions, including the company’s search for a permanent CEO; the incurrence of unanticipated charges or failure to realize contemplated cost savings in connection with the Plan; changes in product supply, pricing, and customer demand; increased profit-margin pressure resulting from industry conditions, competition, or other factors; changes in relationships with key suppliers; other vagaries in the Global Components and the Global ECS markets; changes to applicable laws, regulations, executive orders, or rules relating to government contractors and the resulting legal and reputational exposure, including but not limited to those relating to environmental, social, governance, cybersecurity, data privacy, and artificial intelligence issues; commercial disputes, patent infringement claims, product liability lawsuits, or other legal proceedings; foreign tax and other loss contingencies; failure, disruption, or compromise of the company’s information systems or those of a third-party service provider, including unauthorized use or disclosure of company, supplier, or customer information; outbreaks, epidemics, pandemics, or public health crises; the effects of natural or man-made catastrophic events; and the company’s ability to generate positive cash flow. For a further discussion of these and other factors that could cause the company's future results to differ materially from any

forward-looking statements, see the section entitled “Risk Factors” in the company's most recent Quarterly Report on Form 10-Q and the company's most recent Annual Report on Form 10-K, as well as in other filings the company makes with the Securities and Exchange Commission. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update publicly or revise any of the forward-looking statements.

Certain Non-GAAP Financial Information

In addition to disclosing financial results that are determined in accordance with accounting principles generally accepted in the United States (“GAAP”), the company also provides certain non-GAAP financial information. The company provides the following non-GAAP metrics: sales, operating income (including by business segment), income before income taxes, provision for income taxes, consolidated net income, noncontrolling interest, net income attributable to shareholders, effective tax rate, and net income per share on a diluted basis. The foregoing non-GAAP measures are adjusted by certain of the following, as applicable: impact of changes in foreign currencies (referred to as “changes in foreign currencies” or “on a constant currency basis”) by re-translating prior-period results at current period foreign exchange rates; identifiable intangible asset amortization, restructuring, integration, and other; net gains (losses) on investments; and inventory write downs (recoveries) related to the wind down of a businesses within global components (“impact of wind down”). Management believes that providing this additional information is useful to the reader to better assess and understand the company’s operating performance and future prospects in the same manner as management, especially when comparing results with previous periods. Management typically monitors the business as adjusted for these items, in addition to GAAP results, to understand and compare operating results across accounting periods, for internal budgeting purposes, for short- and long-term operating plans, and to evaluate the company's financial performance. However, analysis of results on a non-GAAP basis should be used as a complement to, in conjunction with, and not as a substitute for, data presented in accordance with GAAP.

Contacts

Investors:

Michael Nelson,

Vice President, Investor Relations

720-654-9893

Media:

John Hourigan,

Vice President, Public Affairs and Corporate Marketing

303-824-4586

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands except per share data)

(Unaudited)

Quarter Ended

April 4, 2026

March 29, 2025

Sales

9,473,548

6,814,017

Cost of sales

8,383,088

6,040,025

Gross profit

1,090,460

773,992

Operating expenses:

Selling, general, and administrative

656,141

562,316

Depreciation and amortization

36,053

35,810

Restructuring, integration, and other

36,664

17,313

728,858

615,439

Operating income

361,602

158,553

Equity in earnings of affiliated companies

896

1,320

(Loss) gain on investments, net

(5,792)

140

Post-retirement expense

(962)

(622)

Interest and other financing expense, net

(48,484)

(56,182)

Income before income taxes

307,260

103,209

Provision for income taxes

71,230

23,345

Consolidated net income

236,030

79,864

Noncontrolling interests

924

144

Net income attributable to shareholders

235,106

79,720

Net income per share:

Basic

4.58

1.53

Diluted

4.55

1.51

Weighted-average shares outstanding:

Basic

51,321

52,266

Diluted

51,707

52,674

ARROW ELECTRONICS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands except par value)

(Unaudited)

April 4,

December 31,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

286,512

306,467

Accounts receivable, net

25,961,193

19,738,666

Inventories

5,722,706

5,081,863

Other current assets

584,831

533,035

Total current assets

32,555,242

25,660,031

Property, plant, and equipment, at cost:

Land

5,691

Buildings and improvements

208,821

199,433

Machinery and equipment

1,722,427

1,715,415

1,936,939

1,920,539

Less: Accumulated depreciation and amortization

(1,465,448)

(1,445,889)

Property, plant, and equipment, net

471,491

474,650

Investments in affiliated companies

59,226

59,315

Intangible assets, net

72,251

77,022

Goodwill

2,109,008

2,120,071

Other assets

686,752

687,049

Total assets

35,953,970

29,078,138

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

24,739,718

17,383,796

Accrued expenses

1,434,256

1,461,261

Short-term borrowings, including current portion of long-term debt

113,371

341

Total current liabilities

26,287,345

18,845,398

Long-term debt

2,352,395

3,084,715

Other liabilities

498,509

489,326

Equity:

Shareholders’ equity:

Common stock, par value $1:

Authorized - 160,000 shares in both 2026 and 2025

Issued - 56,007 and 55,838 shares in 2026 and 2025, respectively

56,007

55,838

Capital in excess of par value

595,704

586,993

Treasury stock (4,923 and 4,768 shares in 2026 and 2025, respectively), at cost

(511,106)

(483,571)

Retained earnings

6,787,198

6,552,092

Accumulated other comprehensive loss

(186,132)

(126,640)

Total shareholders’ equity

6,741,671

6,584,712

Noncontrolling interests

74,050

73,987

Total equity

6,815,721

6,658,699

Total liabilities and equity

35,953,970

29,078,138

ARROW ELECTRONICS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

Quarter Ended

April 4, 2026

March 29, 2025

Cash flows from operating activities:

Consolidated net income:

236,030

79,864

Adjustments to reconcile consolidated net income to net cash provided by operations:

Depreciation and amortization

36,053

35,810

Amortization of stock-based compensation

9,599

18,559

Equity in earnings of affiliated companies

(896)

(1,320)

Deferred income taxes

9,754

(5,841)

Loss (gain) on investments, net

5,871

(32)

Other

8,104

(678)

Change in assets and liabilities:

Accounts receivable, net

(6,280,326)

731,226

Inventories

(656,543)

(62,384)

Accounts payable

7,390,689

(251,057)

Accrued expenses

6,910

(79,683)

Other assets and liabilities

(65,493)

(112,785)

Net cash provided by operating activities

699,752

351,679

Cash flows from investing activities:

Acquisition of property, plant, and equipment

(32,108)

(24,979)

Net cash used for investing activities

(32,108)

(24,979)

Cash flows from financing activities:

Change in short-term and other borrowings

2,681

180,616

Repayments of long-term bank borrowings, net

(623,096)

(464,223)

Proceeds from exercise of stock options

5,038

904

Repurchases of common stock

(33,292)

(59,413)

Net cash used for financing activities

(648,669)

(342,116)

Effect of exchange rate changes on cash

(38,930)

58,491

Net (decrease) increase in cash and cash equivalents

(19,955)

43,075

Cash and cash equivalents at beginning of period

306,467

188,807

Cash and cash equivalents at end of period

286,512

231,882

ARROW ELECTRONICS, INC.

ECS Gross Billings

(In thousands)

(Unaudited)

Global Enterprise Computing Solutions - Gross Billings(1)

Quarter Ended

April 4,

March 29,

2026

2025

% Change

Gross billings:

Americas ECS

2,959,611

2,307,737

28.2

EMEA ECS

3,473,712

2,331,217

49.0

Global ECS

6,433,323

4,638,954

38.7

(1) Refer to page 4 for discussion about key business metrics. Gross billings are not a substitute for revenue.

ARROW ELECTRONICS, INC.

NON-GAAP SALES RECONCILIATION

(In thousands)

(Unaudited)

Quarter Ended

April 4, 2026

March 29, 2025

% Change

Consolidated sales, as reported

9,473,548

6,814,017

39.0

Impact of changes in foreign currencies

—

273,514

Consolidated sales, constant currency

9,473,548

7,087,531

33.7

Global components sales, as reported

6,640,335

4,777,722

39.0

Impact of changes in foreign currencies

—

154,698

Global components sales, constant currency

6,640,335

4,932,420

34.6

Americas components sales, as reported

2,312,147

1,568,570

47.4

Impact of changes in foreign currencies

—

588

Americas components sales, constant currency

2,312,147

1,569,158

47.3

EMEA components sales, as reported

1,765,179

1,340,001

31.7

Impact of changes in foreign currencies

—

142,292

EMEA components sales, constant currency

1,765,179

1,482,293

19.1

Asia components sales, as reported

2,563,009

1,869,151

37.1

Impact of changes in foreign currencies

—

11,818

Asia components sales, constant currency

2,563,009

1,880,969

36.3

Global ECS sales, as reported

2,833,213

2,036,295

39.1

Impact of changes in foreign currencies

—

118,816

Global ECS sales, constant currency

2,833,213

2,155,111

31.5

Americas ECS sales, as reported

1,185,050

909,903

30.2

Impact of changes in foreign currencies

—

4,736

Americas ECS sales, constant currency

1,185,050

914,639

29.6

EMEA ECS sales, as reported

1,648,163

1,126,392

46.3

Impact of changes in foreign currencies

—

114,080

EMEA ECS sales, constant currency

1,648,163

1,240,472

32.9

ARROW ELECTRONICS, INC.

NON-GAAP EARNINGS RECONCILIATION

(In thousands except per share data)

(Unaudited)

Three months ended April 4, 2026

Reported

Intangible

Restructuring,

Impact of

GAAP

amortization

Integration

Wind

Non-GAAP

measure

expense

and other

Down(1)

Other(2)

measure

Operating income

361,602

4,765

36,664

(2,248)

—

400,783

Income before income taxes

307,260

4,765

36,664

(2,248)

5,792

352,233

Provision for income taxes

71,230

1,164

8,052

(707)

1,391

81,130

Consolidated net income

236,030

3,601

28,612

(1,541)

4,401

271,103

Noncontrolling interests

924

—

924

Net income attributable to shareholders

235,106

3,601

28,612

(1,541)

4,401

270,179

Net income per diluted share (3)

4.55

0.07

0.55

(0.03)

0.09

5.22

Effective tax rate (4)

23.2

23.0

Three months ended March 29, 2025

Reported

Intangible

Restructuring,

Impact of

GAAP

amortization

Integration

Wind

Non-GAAP

measure

expense

and other

Down(1)

Other(2)

measure

Operating income

158,553

5,360

17,313

(2,467)

—

178,759

Income before income taxes

103,209

5,360

17,313

(2,467)

(140)

123,275

Provision for income taxes

23,345

1,316

4,351

(781)

(33)

28,198

Consolidated net income

79,864

4,044

12,962

(1,686)

(107)

95,077

Noncontrolling interests

144

132

—

276

Net income attributable to shareholders

79,720

3,912

12,962

(1,686)

(107)

94,801

Net income per diluted share (3)

1.51

0.07

0.25

(0.03)

—

1.80

Effective tax rate (4)

22.6

22.9

(1) Includes recoveries of inventory related to the wind down of businesses.

(2) Other primarily includes loss (gain) on investments, net.

(3) The sum of the components for non-GAAP diluted EPS, as adjusted may not agree to totals, as presented, due to rounding.

(4) The items as shown in this table, represent the reconciling items for the tax rate as reported and as a non-GAAP measure.

ARROW ELECTRONICS, INC.

SEGMENT INFORMATION

(In thousands)

(Unaudited)

Quarter Ended

April 4,

March 29,

2026

2025

Sales:

Global components

6,640,335

4,777,722

Global ECS

2,833,213

2,036,295

Consolidated

9,473,548

6,814,017

Operating income:

Global components (a)

363,520

171,385

Global ECS (b)

103,738

77,314

Segment operating income

467,258

248,699

Corporate operating expenses (c)

(105,656)

(90,146)

Consolidated

361,602

158,553

(a) Global Components operating income includes recoveries of $2.2 million and $2.5 million in inventory write-downs related to the wind down of a business for the first quarter of 2026 and 2025, respectively.

(b) Global ECS gross profit margin decreased during the first quarter of 2026 compared with the year-earlier period primarily due to a $21.7 million loss related to underperformance of a certain non-cancellable multi-year purchase obligation.

(c) Corporate unallocated operating expenses includes restructuring, integration, and other charges of $36.7 million and $17.3 million for the first quarter of 2026 and 2025, respectively.

ARROW ELECTRONICS, INC.

NON-GAAP SEGMENT RECONCILIATION

(In thousands)

(Unaudited)

Quarter Ended

April 4,

March 29,

2026

2025

Global components gross profit, as reported

806,748

554,945

Impact of wind down to inventory

(2,248)

(2,467)

Global components non-GAAP gross profit

804,500

552,478

Global components gross profit as a percentage of sales, as reported

12.1

11.6

Global components non-GAAP gross profit as a percentage of sales

12.1

11.6

Global ECS gross profit, as reported

283,712

219,047

Global ECS gross profit as a percentage of sales, as reported

10.0

10.8

Quarter Ended

April 4,

March 29,

2026

2025

Global components operating income, as reported

363,520

171,385

Intangible assets amortization expense

3,837

4,438

Impact of wind down to inventory

(2,248)

(2,467)

Global components non-GAAP operating income

365,109

173,356

Global components operating income as a percentage of sales, as reported

5.5

3.6

Global components non-GAAP operating income as a percentage of sales

5.5

3.6

Global ECS operating income, as reported

103,738

77,314

Intangible assets amortization expense

928

922

Global ECS non-GAAP operating income

104,666

78,236

Global ECS operating income as a percentage of sales, as reported

3.7

3.8

Global ECS non-GAAP operating income as a percentage of sales

3.7

3.8

NON-GAAP SEGMENT RECONCILIATIONS

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Document and Entity Information

May 07, 2026

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ARROW ELECTRONICS, INC.

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