# Arrow Electronics, Inc. (ARW)

> Source: Nexqual · https://nexqual.com/ARW · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Arrow Electronics, Inc. (ARW), nexqual.com/ARW" · informational, not investment advice.

**Price:** USD 209.4 (-4.44% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 219.12 · day 200.77–214.07 · 52w 101.79–249.43 · market cap $10.7B · NYQ

## Key facts
- Last four reported quarters (through Jul 4, 2026): revenue $35.9B, net income $812M (2.3% margin), free cash flow $825M (SEC filings).
- Valuation: P/E 13.1x (avg 11.1x at the last 3 fiscal year-ends), EV/EBITDA 9.3x, net debt $1.93B.
- 4 of 80 tracked superinvestors hold ARW (13F, Q2 2026): 1 new, 1 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $10.8M; 6 not under a Rule 10b5-1 plan ($10.8M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (4 analysts), mean target USD 235 (range 200–250).
- Total return with dividends: 1Y +72.9% vs S&P 500 +14.9%; 5Y +74.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 4.97, revenue estimate $10.0B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $34.5B | $37.1B | $33.1B | $27.9B | $30.9B | $35.9B |
| Gross profit | $4.20B | $4.84B | $4.15B | $3.29B | $3.47B | — |
| Operating income | $1.56B | $2.07B | $1.47B | $769M | $822M | $1.21B |
| Net income | $1.11B | $1.43B | $904M | $392M | $571M | $812M |
| EPS (diluted) | $15.10 | $21.80 | $15.84 | $7.29 | $10.93 | — |
| Free cash flow | $336M | -$112M | $622M | $1.04B | -$37.2M | $825M |
| Gross margin | 12.2% | 13.0% | 12.5% | 11.8% | 11.2% | — |
| Operating margin | 4.5% | 5.6% | 4.4% | 2.8% | 2.7% | 3.4% |
| Net margin | 3.2% | 3.8% | 2.7% | 1.4% | 1.9% | 2.3% |
| Revenue growth | +20.2% | +7.7% | -10.8% | -15.7% | +10.5% | — |
| Cash + short-term investments | $222M | $177M | $218M | $189M | $306M | — |
| Total debt | $2.63B | $3.77B | $3.81B | $3.12B | $3.09B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 4, 2026)
P/E 13.1x · P/S 0.3x · EV/EBITDA 9.3x · EV/Sales 0.3x · P/FCF 12.9x · P/B 1.5x · FCF yield 7.74% · Earnings yield 7.61% · Buyback yield (TTM) 1.19% · Net debt $1.93B · EV $12.6B
P/E at fiscal year-ends: Dec 2025 10.1x, Dec 2024 15.5x, Dec 2023 7.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold ARW. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Greenhaven Associates |  | 4.35% | $376M | Reduced -7.0% |
| Tweedy Browne |  | 0.21% | $2.7M | Added +10.0% |
| Richard Pzena | Pzena Investment Management | 0.08% | $26.7M | Reduced -40.7% |
| Lee Ainslie | Maverick Capital | <0.01% | $540K | New position |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-03 | Jean-Claude Carine Lamercie | SVP, CLCO and Secretary | 1,000 | $210K | 7.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-02 | Zech Gretchen | SVP, Chief Gov, Sust, HR Offr | 20,931 | $4.8M | 49.1% | No | Too little history (no open-market trades in 2024) |
| 2026-05-29 | Zech Gretchen | SVP, Chief Gov, Sust, HR Offr | 4,600 | $990K | 14% | No | Too little history (no open-market trades in 2024) |
| 2026-05-22 | Jean-Claude Carine Lamercie | SVP, CLCO and Secretary | 3,000 | $648K | 19.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-21 | Zech Gretchen | SVP, Chief Gov, Sust, HR Offr | 16,000 | $3.4M | 32.7% | No | Too little history (no open-market trades in 2024) |
| 2026-05-20 | Nowak Eric | President, Global ECS | 3,473 | $733K | 6.6% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 4 analysts; mean target USD 235 (low 200, high 250).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-07 | Wells Fargo | Target raised | Underweight | $175 → $200 |
| 2026-08-07 | Truist Securities | Target lowered | Buy | $260 → $250 |
| 2026-07-20 | Wells Fargo | Target raised | Underweight | $165 → $175 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +72.9% | +74.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +73.2% | +11.7% |
| Volatility (annualized) | 37.4% | 30.2% |
| Max drawdown | -17.4% (Jun 2026→Jul 2026) | -35.8% (Jul 2023→Mar 2025) |

## Peers (Electronics & Computer Distribution)
AVT (Avnet, Inc.) USD 88.64 -4.82% · SNX (TD SYNNEX Corporation) USD 247.08 -1.62% · NSIT (Insight Enterprises, Inc.) USD 171.27 +0.05% · CNXN (PC Connection, Inc.) USD 88.51 +0.89% · SCSC (ScanSource, Inc.) USD 59.96 -1.79% · CLMB (Climb Global Solutions, Inc.) USD 31.95 +1.98%

## More
Full page: https://nexqual.com/ARW · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name ARW in their own reports (relationship from ARW's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | VICOR CORP (VICR) | 10-K 2026-03-02 | "We reach and serve customers through several sales channels: a direct sales force; independent, authorized non-stocking distributors in Europe and Asia; and four authorized stocking distributors world…" |
| supplier | LITTELFUSE INC /DE (LFUS) | 10-K 2026-02-19 | "Sales to Arrow Electronics, Inc., which were reported in our Electronics, Transportation, and Industrial segments, were 9.5%, 9.4%, and 11.2% of consolidated net sales in 2025, 2024, and 2023, respect…" |

## Revenue by business segment (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Global Components | $7.37B | 73.7% | +39.4% | $396.3M | 5.4% |
| Global Ecs | $2.63B | 26.3% | +14.4% | $85.4M | 3.3% |
| Total revenue | $9.99B | 100% | — | $377.3M | 3.8% |

## Revenue by region (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Non Us | $6.54B | 65.4% | +31.7% |
| — Other Foreign (part of Non Us) | $4.18B | 41.8% | +35.6% |
| — China & Hong Kong (part of Non Us) | $1.35B | 13.5% | +24.1% |
| — Germany (part of Non Us) | $1.01B | 10.1% | +27.3% |
| United States | $3.45B | 34.6% | +32.0% |
| Total revenue | $9.99B | 100% | — |

## Company outlook (8-K filed 2026-08-06)

- "Guidance-- -- Diluted earnings Per Share of $5.26 and Non-GAAP Earnings Per Share of $5.45, Both Above High End of Guidance -- CENTENNIAL, Colo.--(BUSINESS WIRE)- Aug. 6, 2026--Arrow Electronics, Inc."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $4.96 | $4.62 | +7.5% | $10.01B | 4 |
| Next quarter (ends 2026-12-31) | $6.00 | $5.51 | +8.7% | $10.57B | 4 |
| Current fiscal year (ends 2026-12-31) | $21.64 | $19.80 | +9.3% | $40.05B | 4 |
| Next fiscal year (ends 2027-12-31) | $23.93 | $21.30 | +12.3% | $43.17B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±11.9%; last 8 reports averaged ±7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 52.7% | ±11.9% |
| 2026-12-18 | 56 | 46.8% | ±14.7% |
| 2027-03-19 | 147 | 43.9% | ±22.2% |
| 2027-06-17 | 237 | 43.8% | ±28.0% |