ARW earnings / call / takeaways

ARW earnings call: key takeaways

What ARW said on its earnings call of November 5, 2026: results against expectations, what changed since last quarter, guidance and the questions analysts pressed on.

By Lician·November 5, 2026·AI-generated from the call transcript and Lician data

Arrow Electronics reported non-GAAP diluted EPS of $6.22, beating the $4.98 consensus estimate (2:10)
Revenue of $10.7 billion exceeded expectations and marked a 39% year-over-year increase. The company highlighted strong performance across both global components and ECS segments, driven by demand in AI, cloud, and infrastructure. (2:10)

Results vs expectations

Metric	Consensus	Reported	Result
EPS	$4.98	–	–
Revenue	$10.01B	–	–

What changed since last quarter

The company raised its Q4 revenue guidance to a range of $11.55 billion to $12.15 billion, up from previous expectations. (18:54)
The CEO emphasized the impact of price inflation and limited capacity on revenue and profit, noting that demand remains strong. (12:11)

Guidance

Metric	This call	Previous call
Revenue	Q4 revenue guidance: $11.55B to $12.15B (18:54)	not captured
Other	Tax rate guidance: 23% to 25% (18:54)	not captured
Other	Interest expense guidance: ~$50M (18:54)	not captured

What analysts pressed on

Whether extended lead times will impact inventory availability and customer demand. (33:35)
How suppliers are managing inventory and whether they are holding more internally compared to previous periods. (35:20)
The impact of increased inventory levels on working capital metrics like DSO and DPO. (27:26)

In their words

Our strong performance this quarter was fueled by four key drivers... William Austen (2:10)
We're seeing healthy demand across the core technologies... William Austen (5:46)
The business is firing on all cylinders. William Austen (30:06)

Read the full transcript with the AI summary, or listen on the company's official webcast.

Every past call in full and transcript search come with Lician Pro.

Written by AI from the automatic transcript of the company's public webcast and Lician's earnings data. Each sentence cites the passage it comes from, and a sentence with a figure that is not in its sources was removed. Not investment advice.