earnings
confidence high
sentiment positive
materiality 0.85
Arrow Electronics reports record Q3: EPS $4.00, revenue $8.51B; beats guidance
ARROW ELECTRONICS, INC.
2021-Q3 EPS reported
$9.92
revenue$25,460,941,000
- GAAP EPS $4.00 (up 88% YoY); non-GAAP EPS $4.04 (up 94% YoY), above guidance of $3.42-$3.58.
- Sales $8.51B, +18% YoY, above midpoint of prior guidance ($8.175B-$8.775B).
- Global components sales $6.62B (+25% YoY); enterprise computing solutions $1.89B (-2% YoY).
- Record gross profit, operating income, and net income; gross margin 12.6% (+170bps YoY).
- Repurchased $250M in shares (2.1M shares) for second straight quarter; remaining authorization ~$413M.