secwatch.observer — SEC 8-K summary
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Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001859644-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Q2 sales down 10% YoY to $8.51B; guides Q3 EPS $3.25-$3.45
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- GAAP EPS $4.12, non-GAAP $4.37 vs $5.78 YoY; net income $237M (-36% YoY).
- Global components sales $6.68B (-10%); ECS sales $1.83B (-8%).
- Q3 guidance: sales $7.78-$8.38B, GAAP EPS $3.25-$3.45, non-GAAP $3.40-$3.60.
- Repurchased $200M in shares during Q2; remaining authorization $824M.
- Customer inventory levels elevated; Americas components impacted by shortage normalization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000185964423000011/0001859644-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000185964423000011/arw-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001859644-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer