Arrow Electronics Inc

Latest Results (18.11.2025):

Arrow Electronics Inc’s third quarter 2023 financial results show a challenging environment with a reported revenue of $8.01 billion (down 14% year over year) and GAAP net income of $199 million, or $3.53 per share. Non-GAAP earnings were slightly higher with $233 million net income and $4.14 per share. The quarter’s performance was affected by a $0.87 benefit from a legal settlement in the global components business and a $0.31 charge related to higher accounts receivable reserves in the Enterprise Computing Solutions segment, amid an overall environment of inventory corrections and shifting market dynamics.

Revenue & Net Income

For Q3 2023, Arrow Electronics Inc reported revenue of $8.01 billion, a 14% decline compared to the same period last year. GAAP net income fell to $199 million from $342 million, reflecting challenges in the market.

EPS Adjustments

Both GAAP and non-GAAP earnings per share figures were influenced by a $0.87 benefit from a legal settlement and a $0.31 charge for adjusting receivables reserves, leading to GAAP EPS of $3.53 and non-GAAP EPS of $4.14.

Cash Flow & Share Repurchase

The company generated $322 million in operating cash flow during the quarter and repurchased approximately $200 million of shares, reinforcing its balance sheet with a net debt of $3.9 billion and total liquidity of $2.3 billion.

Operational Highlights

Arrow Electronics Inc noted that while the global components segment faced lower net sales and extended lead times, strong demand persisted in the ECS business for cybersecurity and cloud solutions. Despite inventory corrections and softening market conditions, the company managed to maintain margin levels at the upper end of guidance.