Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services. The Global Enterprise Computing Solutions segment offers computing solutions, including data-center, cloud, security, and analytics solutions, as well as access to various services, including engineering and integration support, warehousing and logistics, marketing resources, and authorized hardware and software training. The company serves original equipment manufacturers, value-added resellers, as well as manages service providers, contract manufacturers, and other commercial customers. Arrow Electronics, Inc. was founded in 1935 and is based in Centennial, Colorado.
IPO Year:
Exchange: NYSE
Website: arrow.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/16/2022 | $125.00 → $87.00 | Equal Weight → Underweight | Wells Fargo |
2/4/2022 | $132.00 → $143.00 | Hold | Truist Securities |
2/2/2022 | $150.00 | Market Perform → Outperform | Raymond James |
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Arrow Electronics, Inc. (NYSE:ARW) has again been named to FORTUNE's World's Most Admired Companies list, topping the "Wholesalers: Electronics and Office Equipment" category for the 12th consecutive year. This marks the 25th time Arrow has appeared on the listing that is based on input from over 15,000 executives, directors and members of the financial community. Arrow topped all nine key attributes in the World's Most Admired Companies list, including innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services and global competitiveness. About Arrow Electronics Arrow E
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss fourth-quarter and full-year 2024 financial results on Feb. 6, 2025, at 1:00 p.m. ET. Webcast: 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/886513367. 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 2023 sales of $33 billion,
Arrow Electronics, Inc. (NYSE:ARW) today announced that Lawrence (Liren) Chen has joined the company's board of directors and has been appointed a member of the board's audit committee. The addition of Chen will increase the total number of directors on the board to 10. Chen is president, chief executive officer and a member of the board of directors of InterDigital, Inc., a global research and development company focused primarily on wireless, video, artificial intelligence and related technologies. Prior to joining InterDigital, Chen served in roles of increasing responsibility at Qualcomm Inc. for nearly 25 years, culminating in his appointment as senior vice president, global head o
Full portfolio of VMware products and cloud services now available through the ArrowSphere platform. Arrow Electronics (NYSE:ARW) announced today that it has signed a new agreement with Broadcom for the distribution of VMware solutions in the U.S. and Canada. "Arrow is excited to further strengthen our relationship with Broadcom with the availability of VMware solutions in our North America portfolio," said Ben Klay, president of Arrow's enterprise computing solutions business in North America. "Our extensive experience with VMware and in-depth knowledge of both the Broadcom and VMware portfolios enable us to enhance the VMware offerings available to our channel partners, and in turn, p
Channel partners can now use customized AI assistants, powered by ArrowSphere AI, to reinvent the way they manage business operations and engage with their customers. Global technology solutions provider Arrow Electronics, Inc. (NYSE:ARW) has enhanced its AI-infused ArrowSphere Cloud platform, allowing channel partners to create custom AI assistants that tap their own data, workflows, content, and vendor-specific data to deliver efficiency, cost reductions, and faster market entry. "ArrowSphere's augmented generative AI tools will mark a shift in how our channel partners are able interact with their customers," said Eric Gourmelen, vice president and chief technology officer, global Arr
-- Sales of $6.8 billion, at high-end of guidance range -- -- Third-Quarter Earnings Per Diluted Share of $1.88; Non-GAAP Earnings Per Diluted Share of $2.38 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its third quarter of 2024. "In the third quarter, the company continued to execute well in a challenging environment. While the cyclical correction continues in our global components business, we saw enterprise IT spending gain momentum," said Sean Kerins, Arrow's president and chief executive officer. "I am pleased that we delivered revenue above the midpoint of our guidance range and non-GAAP earnings per diluted share ahead of our expectations," said Mr.
Arrow Electronics, Inc. (NYSE:ARW), a global provider of technology solutions, and its engineering services company, eInfochips, have announced the expansion of its Automotive Centre of Excellence (CoE) with new development centres in Munich and Istanbul to better assist customers in the development of next-gen automotive products. Innovators face hurdles in adopting connected, autonomous and hybrid software technologies, as some lack in-house engineering talent with the relevant skills. Arrow's Automotive CoE addresses the opportunities and helps resolve the challenges associated with these technologies in the automotive industry. Arrow's recent acquisition of iQmine, a leading engineeri
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss third-quarter 2024 financial results on Oct. 31, 2024, at 1:00 p.m. ET. Webcast: 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/487434328. 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 2023 sales of $33 billion, Arrow's portfoli
The new AI tool boosts channel partner performance and efficiency to drive greater cloud revenue growth Global technology solutions provider Arrow Electronics, Inc. announced today the general availability of ArrowSphere Assistant, an AI-powered copilot tool that helps its channel partners optimize their customers' cloud businesses when using the ArrowSphere Cloud platform. "Combining the power of generative AI with ArrowSphere Cloud's powerful data allows this tool to go beyond just answering cloud queries, but guide channel partners to new heights of cloud service excellence," said Eric Gourmelen, vice president and chief technology officer of global ArrowSphere Cloud and AI. "Our early
Global technology provider Arrow Electronics (NYSE:ARW) and Citrix, a business unit of Cloud Software Group, Inc., today announced a strategic distribution agreement. As part of the agreement, Arrow will assume responsibility for sales, marketing and technical support for all service provider channel partners consuming fewer than 2,000 Citrix licenses across North America and Europe. The strategic arrangement will commence on Oct. 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829178892/en/ Arrow has a long-standing relationship with Citrix. This new model will provide service provider channel partners previously man
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Wells Fargo downgraded Arrow Electronics from Equal Weight to Underweight and set a new price target of $87.00 from $125.00 previously
Truist Securities reiterated coverage of Arrow Electronics with a rating of Hold and set a new price target of $143.00 from $132.00 previously
Raymond James upgraded Arrow Electronics from Market Perform to Outperform and set a new price target of $150.00
Citigroup reiterated coverage of Arrow Electronics with a rating of Neutral and set a new price target of $110.00 from $85.00 previously
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss fourth-quarter and full-year 2024 financial results on Feb. 6, 2025, at 1:00 p.m. ET. Webcast: 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/886513367. 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 2023 sales of $33 billion,
-- Sales of $6.8 billion, at high-end of guidance range -- -- Third-Quarter Earnings Per Diluted Share of $1.88; Non-GAAP Earnings Per Diluted Share of $2.38 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its third quarter of 2024. "In the third quarter, the company continued to execute well in a challenging environment. While the cyclical correction continues in our global components business, we saw enterprise IT spending gain momentum," said Sean Kerins, Arrow's president and chief executive officer. "I am pleased that we delivered revenue above the midpoint of our guidance range and non-GAAP earnings per diluted share ahead of our expectations," said Mr.
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss third-quarter 2024 financial results on Oct. 31, 2024, at 1:00 p.m. ET. Webcast: 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/487434328. 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 2023 sales of $33 billion, Arrow's portfoli
-- Sales of $6.9 billion, exceeding guidance -- -- Second-Quarter Earnings Per Diluted Share of $2.01; Non-GAAP Earnings Per Diluted Share of $2.78 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its second quarter of 2024. "We continued to execute well in an evolving market environment, delivering second-quarter sales and non-GAAP earnings per diluted share comfortably ahead of our guided ranges," said Sean Kerins, Arrow's president and chief executive officer. "In addition, our value-added offerings in global components as well as better momentum in enterprise computing solutions contributed to our overall operating margin stability in the quarter," sai
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss second-quarter 2024 financial results on Aug. 1, 2024, at 1:00 p.m. ET. Webcast: 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/244342075. 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 guides innovation forward for thousands of leading technology manufacturers and service providers. With 2023 sales of $33 billion, Arrow develops technology solutions
-- Sales of $6.9 billion in line with guidance -- -- First-Quarter Earnings Per Diluted Share of $1.53; Non-GAAP Earnings Per Diluted Share of $2.41 -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its first quarter of 2024. "We continued to execute well in a challenging market environment and delivered first-quarter sales in line with our expectations, with non-GAAP earnings per diluted share above the high end of our guidance range," said Sean Kerins, Arrow's president and chief executive officer. "In the current environment, we're focused on managing factors within our control including effective use of working capital, appropriate cost discipline, and pr
Arrow Electronics, Inc. (NYSE:ARW) announced it will host a conference call to discuss first-quarter 2024 financial results on May 2, 2024, at 1:00 p.m. ET. Webcast: 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/743613108. 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 guides innovation forward for thousands of leading technology manufacturers and service providers. With 2023 sales of $33 billion, Arrow develops technology solutions that
-- Fourth-Quarter Sales In Line with Guidance -- -- Fourth-Quarter Earnings Per Share of $3.54 and Non-GAAP Earnings Per Share of $3.98, Both Above High End of Guidance -- Arrow Electronics, Inc. (NYSE:ARW) today announced financial results for its fourth quarter and fiscal year ended Dec. 31, 2023. "The company delivered fourth-quarter sales in line with our expectations, with earnings per share above the high end of our guidance range in challenging electronic components and IT spending markets," said Sean Kerins, Arrow's president and chief executive officer. "Despite excess inventory throughout the supply chain leading to softer demand in our components business, and a mixed IT sp
Arrow Electronics, Inc. (NYSE:ARW) announced the company will host a conference call to discuss fourth-quarter and full-year 2023 financial results on Feb. 8, 2024, at 1:00 PM ET. Webcast: 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://registrations.events/direct/Q4I97132. Shortly after the conclusion of the conference call, a webcast replay will be available on the Arrow website for one year. Teleconference: Interested parties may pre-register online at https://events.q4inc.com/attendee/921341362 to obtain a user-specific access code and dial-in information to access the live conf
-- Third-Quarter Earnings Per Share of $3.53; Non-GAAP Earnings Per Share of $4.14 – -- Revenue of $8.01 billion in line with guidance -- Arrow Electronics, Inc. (NYSE:ARW) today reported third-quarter 2023 sales of $8.01 billion, a decrease of 14 percent year over year. Third-quarter net income was $199 million, or $3.53 per share on a diluted basis, compared with net income of $342 million, or $5.27 per share on a diluted basis, in the third quarter of 2022. Non-GAAP net income1 was $233 million, or $4.14 per share on a diluted basis, in the third quarter of 2023, compared with non-GAAP net income of $354 million, or $5.45 per share on a diluted basis, in the third quarter of 2022. Both