EarningsQ2 2026 Earnings Report
MX:ARW Q2 2026 EPS Results
Actual EPS$98.98
Consensus EPS$83.36
Beat/MissBeat by +$15.62
One Year Ago EPS$44.13
MX:ARW Q2 2026 Revenue Results
Actual Revenue$181.47B
Expected Revenue$175.56B
Beat/MissBeat by +$5.91B
YoY Revenue Growth+31.82%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:ARW Upcoming Earnings
Arrow Electronics's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ARW Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The quarter demonstrated robust, broad‑based revenue growth, substantial EPS and margin expansion, improved returns and balance sheet strength, driven by both components and ECS backlog growth and value‑added services. Notable strategic progress (new platforms, Gartner recognition, Microsoft distinctions) reinforces long‑term positioning. Near‑term negatives include a $27M ECS restructuring charge, partner agreement transitions with potential additional smaller charges, expected normalization of supply chain services profitability, and some inventory and technology lead‑time pressures. Overall, the positive operational and financial momentum and diversified growth drivers materially outweigh the manageable near‑term challenges.Company Guidance
Strong Revenue Growth
Total revenue of $10.0B in Q2 2026, up 32% year over year (30% on a constant currency basis), above guidance.
Material EPS and Operating Margin Expansion
Non‑GAAP diluted EPS of $5.45, up 124% year over year; non‑GAAP operating margin expanded 120 basis points year over year to 4%.
Global Components Outperformance
Global Components sales of $7.4B (up $726M sequentially, +11% QoQ); non‑GAAP operating income $397M (up $32M sequentially, +9% QoQ); segment margin up 180 bps YoY to 5.4% (modestly down 10 bps sequentially).
ECS Demand Strength and Backlog Growth
Global ECS sales $2.6B, up 14% year over year (13% cc); ECS billings $5.9B, +14% YoY; backlog grew over 75% YoY to an all‑time high, driven by hybrid cloud, AI, cybersecurity and infrastructure software demand.
Improved Profitability and Operational Leverage
Non‑GAAP operating income increased $188M YoY to $403M; non‑GAAP OpEx as a percent of gross profit declined 10.5 percentage points YoY to 64.1%, reflecting productivity and cost discipline.
Stronger Financial Position and Cash Generation
Q2 operating cash flow $318M and >$1B YTD; gross debt $2.2B (down ~$300M sequentially and ~$650M YoY); adjusted leverage improved to ~1.75x (over a full turn improvement in 12 months); repurchased $43M of stock in the quarter.
Working Capital and Returns Improvement
Net working capital declined ~$100M sequentially to $6.8B; inventory $5.9B (+$217M sequentially); return on working capital +10.9 percentage points YoY to 23.6%; ROIC +5.8 points YoY to 13.9%; working capital as % of sales down to 17% and cash conversion improved (decreased by 23 days YoY).
Strategic Product & Capability Wins
New offerings and recognitions: launched 'digital test drive' AI‑driven engineering platform; eInfochips recognized by Gartner for physical AI services; expanded ECS experience centers; earned three Microsoft distinctions (Frontier distributor, Copilot and Azure Virtual Desktop specializations).
MX:ARW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed