Nov 5, 7:32 AM ET
Arrow Electronics reported record third-quarter 2026 sales of $10.7 billion, up 39% from a year earlier, and GAAP diluted EPS of $6.17 versus $2.09. Both measures were above the high end of its guidance, and the company forecast fourth-quarter diluted EPS of $6.25 to $6.45. Operating cash flow was negative $441 million in the quarter, mainly due to working capital investments to support customer demand.
- Q3 2026 sales were $10.7 billion, up 39% year over year; GAAP diluted EPS was $6.17 versus $2.09 and non-GAAP diluted EPS was $6.22 versus $2.41.
- Fourth-quarter 2026 outlook: consolidated sales of $11.55 billion to $12.15 billion and diluted EPS of $6.25 to $6.45.
- Cash used in operating activities was $441 million in the quarter; the company repurchased $93 million of shares.
- Bill Austen is interim chief executive officer, as stated in the release.
Read the filing on SEC.gov ↗
Oct 15, 4:08 PM ET
Arrow Electronics said Eric Nowak, who has served the company for 22 years, will retire at the end of March 2027, and he will step down as President, Global Enterprise Computing Solutions, effective December 31, 2026. Rodney Clark, who previously held leadership roles at Cisco, Johnson Controls, Microsoft, and IBM, is expected to start on November 9, 2026, and will take over Nowak's duties. The filing says Nowak is retiring for personal reasons and not because of a disagreement with the company.
- Eric Nowak informed the company on October 12, 2026, that he will retire at the end of March 2027 after 22 years with the company.
- Nowak steps down as President, Global Enterprise Computing Solutions, effective December 31, 2026, and his duties will transfer to Rodney Clark.
- Rodney Clark's employment is expected to begin November 9, 2026.
- Nowak will remain an employee in an advisory role until retirement to assist with the transition; the filing says he is retiring for personal reasons.
Read the filing on SEC.gov ↗
Sep 4, 4:27 PM ET
Arrow Electronics entered into Amendment No. 36 to its domestic accounts-receivable securitization facility on September 2, 2026. The amendment extends the maturity to September 2, 2029, and raises the facility limit from $1.5 billion to $1.75 billion, adding a temporary leverage ratio step-up for certain material acquisitions.
- Maturity extended from September 10, 2027 to September 2, 2029
- Facility limit increased from $1.5 billion to $1.75 billion
- Step-up provision temporarily raises maximum permitted leverage ratio after certain material acquisitions
- Six banks participate, including Bank of America, PNC Bank, Truist Bank, Wells Fargo Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation
Read the filing on SEC.gov ↗
Aug 6, 4:04 PM ET
Arrow Electronics reported second-quarter 2026 sales of $9.99 billion, up 32% year over year, and diluted earnings of $5.26 per share versus $3.59 a year earlier; the company said both exceeded the high end of its guidance. It also named Deidra (Dee) Merriwether as president and chief operating officer effective September 8, 2026, while Bill Austen serves as interim CEO. Third-quarter diluted EPS guidance of $4.72 to $4.92 is below the second-quarter result.
- Q2 2026 consolidated sales of $9.99 billion, up 32% year over year; diluted EPS of $5.26 vs. $3.59 a year earlier
- Non-GAAP diluted EPS of $5.45 vs. $2.43 a year earlier
- Third-quarter 2026 diluted EPS guidance of $4.72 to $4.92; consolidated sales guidance of $9.60 billion to $10.20 billion
- Merriwether, formerly CFO of W.W. Grainger, starts September 8, 2026 with a $900,000 base salary and a $535,000 sign-on bonus
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.