Arrow Electronics (ARW) Q3 FY2026 earnings: revenue $10.7 billion, up 39.0% on the year

Arrow Electronics, Inc. (ARW) reported revenue of $10.7 billion for Q3 FY2026, the quarter ended 3 October 2026, up 39.0% on the same quarter a year earlier. Net income was $318 million, up 191.6% on the year, and diluted earnings per share $6.17. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$10.7 billion

+39.0% on the year · +7.3% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

4.0%

2.3% a year earlier

Q4 FY2024Q3 FY2026

Net income

$318 million

+191.6% on the year · +16.7% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$6.17

+195.2% on the year · +17.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 9 new.

Sales grew 39 percent year over year: Consolidated sales were $10,718 million, up 39 percent, with the same growth on a constant currency basis. Nine-month sales were $30,184 million, up 37 percent.
Wind-down recoveries added to profit: Global Components operating income included $3.9 million of inventory recoveries from a business wind-down in the third quarter, against $2.0 million a year earlier.
Global Components sales up 43 percent: Global Components sales were $7,943 million, up 43 percent, with operating income of $413 million, up 109 percent, and an operating margin of 5.2 percent.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	10,718	9,992	7,713	+7.3%	+39.0%
Cost of revenue	9,558	8,867	6,877	+7.8%	+39.0%
Gross profit	1,159	1,125	835	+3.0%	+38.8%
Gross margin	10.8%	11.3%	10.8%
Selling, general and administrative	688	688	588	+0.0%	+17.1%
Operating income	430	377	179	+14.0%	+140.4%
Operating margin	4.0%	3.8%	2.3%
Pre-tax income	394	353	129	+11.5%	+205.7%
Income tax	75.2	80.3	19.5	-6.4%	+285.0%
Effective tax rate	19.1%	22.7%	15.2%
Net income	318	273	109	+16.7%	+191.6%
Net margin	3.0%	2.7%	1.4%
Diluted EPS	$6.17	$5.26	$2.09	+17.3%	+195.2%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-441	318	-282
Capital expenditure	26.9	21.1	30.3	+27.2%	-11.2%
Free cash flow	-468	297	-312
Free cash flow margin	-4.4%	3.0%	-4.0%
Cash from investing	-26.9	-21.1	-30.3
Cash from financing	480	-332	307		+56.7%
Depreciation and amortisation	35.9	35.6	32.8	+0.8%	+9.4%
Share-based compensation	11.6	12.8	n/a	-9.8%
Buybacks	99.3	41.9	0.6	+137.3%	+15,662.9%
Diluted shares, weighted	52m	52m	52m	-0.5%	-1.0%
Shares outstanding at period end	51m	51m	52m	-0.7%	-1.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	7,189	7,005	6,401	+2.6%	+12.3%
Non-controlling interest	73.1	73.7	74.9	-0.8%	-2.3%
Debt	2,752	2,171	3,119	+26.8%	-11.8%
Other liabilities	35,034	29,127	14,932	+20.3%	+134.6%
Total liabilities and equity	45,047	38,377	24,526	+17.4%	+83.7%
Fixed assets	453	461	476	-1.7%	-4.8%
Goodwill	2,102	2,109	2,117	-0.4%	-0.7%
Intangible assets	62.8	67.5	81.8	-7.0%	-23.3%
Cash and equivalents	216	245	214	-11.9%	+0.9%
Receivables	33,259	28,009	15,657	+18.7%	+112.4%
Inventory	7,306	5,940	4,728	+23.0%	+54.5%
Other assets	1,649	1,546	1,253	+6.7%	+31.6%
Total assets	45,047	38,377	24,526	+17.4%	+83.7%

Questions

What was Arrow Electronics' revenue in Q3 FY2026?

Arrow Electronics (ARW) reported revenue of $10.7 billion for Q3 FY2026, the quarter ended 3 October 2026, up 39.0% on the same quarter a year earlier.

How much did Arrow Electronics earn in Q3 FY2026?

Net income for Q3 FY2026 was $318 million, up 191.6% on the year, and diluted earnings per share $6.17.

When did Arrow Electronics report Q3 FY2026 results?

Arrow Electronics filed its 10-Q for the quarter ended 3 October 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	9,016	9,074	9,461	9,266	9,323	8,736	8,515	8,007	7,849	6,924	6,893	6,823	7,283	6,814	7,580	7,713	8,746	9,474	9,992	10,718
Cost of revenue	7,820	7,867	8,225	8,080	8,117	7,623	7,448	7,027	6,860	6,066	6,046	6,038	6,480	6,040	6,731	6,877	7,738	8,383	8,867	9,558
Gross profit	1,196	1,208	1,236	1,187	1,206	1,114	1,066	980	990	858	846	785	803	774	849	835	1,009	1,090	1,125	1,159
Gross margin	13%	13%	13%	13%	13%	13%	13%	12%	13%	12%	12%	12%	11%	11%	11%	11%	12%	12%	11%	11%
SG&A	632	644	654	634	635	642	617	563	590	583	553	535	548	562	601	588	639	656	688	688
Operating income	512	510	533	503	523	422	392	340	317	186	212	175	195	159	191	179	294	362	377	430
Operating margin	6%	6%	6%	5%	6%	5%	5%	4%	4%	3%	3%	3%	3%	2%	3%	2%	3%	4%	4%	4%
Pre-tax income	479	478	486	449	471	352	310	252	250	105	139	116	129	103	233	129	253	307	353	394
Tax rate	22%	23%	24%	23%	25%	22%	23%	21%	22%	21%	21%	13%	22%	23%	20%	15%	23%	23%	23%	19%
Net income	371	365	370	342	349	274	237	199	195	83.6	109	101	99.2	79.7	188	109	195	235	273	318
Net margin	4%	4%	4%	4%	4%	3%	3%	2%	2%	1%	2%	1%	1%	1%	2%	1%	2%	2%	3%	3%
Diluted EPS	$5.15	$5.31	$5.54	$5.27	$5.66	$4.60	$4.12	$3.53	$3.54	$1.53	$2.01	$1.88	$1.86	$1.51	$3.59	$2.09	$3.75	$4.55	$5.26	$6.17
Operating cash flow	27.9	-200	-82.6	141	109	224	-127	322	287	403	320	80.6	326	352	-206	-282	200	700	318	-441
Capital expenditure	20.8	19.3	17.0	18.5	24.1	20.1	17.0	20.7	25.5	29.5	22.1	18.5	22.5	25.0	18.6	30.3	27.4	32.1	21.1	26.9
Free cash flow	7.1	-220	-99.6	123	84.6	204	-144	301	261	374	298	62.0	304	327	-225	-312	173	668	297	-468
Buybacks	250	264	220	241	324	304	212	203	50.5	87.9	75.4	51.1	50.8	59.4	50.7	0.6	50.9	33.3	41.9	99.3
Shares outstanding	68m	66m	64m	62m	58m	56m	56m	54m	54m	53m	53m	53m	52m	52m	52m	52m	51m	51m	51m	51m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 October 2026, filed 5 November 2026: the filing.